Pre-Engineered Buildings Market Key Players | Tata BlueScope Steel (India), Era Infra Engineering Ltd (India), Everest Industries Limited (India)

As per the study initiated by Evolve Business Intelligence, the global Pre-Engineered Buildings Market size accounted for USD 20.99 Billion in 2022, growing at a CAGR of 11.70% from 2023 to 2033.The pre-engineered buildings market involves the design, fabrication, and assembly of structures using pre-designed and pre-fabricated components, such as steel frames and panels. These buildings offer efficiency, cost-effectiveness, and rapid construction, making them suitable for various applications like warehouses, industrial facilities, and commercial spaces. The market has grown due to the demand for quick and economical construction solutions that maintain structural integrity. Key drivers include the flexibility of design, reduced construction time, and the cost advantages associated with pre-engineered building systems. Major players include manufacturers, contractors, and suppliers specializing in pre-engineered building solutions.
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The pre-engineered buildings market is driven by the increasing demand for quick and cost-effective construction solutions. Utilizing pre-designed and pre-fabricated components like steel frames, these buildings offer efficiency, reduced construction time, and flexibility in design. Key factors propelling the market include the advantages of rapid assembly, cost-effectiveness, and the versatility of pre-engineered building systems in various applications such as warehouses and industrial facilities.
Key Players
Some of the major Pre-Engineered Buildings Market players holding high market shares include Tata BlueScope Steel (India), Era Infra Engineering Ltd (India), Everest Industries Limited (India) and Pennar Industries Limited (India). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Lloyd Insulations Limited (India), Kirby Building Systems (Germany), Interarch Building Products Pvt. Ltd (India), Jindal Buildsys Limited (India), Multicolor Steels Pvt. Ltd (India), SML Group (India), SmithStructures (India), and Tiger Steel Engineering (I) Pvt. Ltd (India)
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Segmental Analysis
Based on Material, the Pre-Engineered Buildings market is segmented into steel, aluminum, and others.With 7.34 billion in revenue, or 35% of the market, the steel category dominated the market. Steel is one of the materials that pre-engineered structures are most typically composed of, and its strength, durability, and affordability are what propel category expansion in developing nations.
Based on products, the Pre-Engineered Buildings market is segmented into walls, columns & beams, roofs & floors, and others.Walls was the market leader in 2021 and is expected to grow at the fastest rate over the next several years. The industry is being driven by an increase in demand for prefabricated glass, stainless steel, or HPL panels that can include leaded protection for hybrid operating rooms equipped with radioactive equipment.
Based on Application, the Pre-Engineered Buildings market is segmented into residential, commercial, and institutional.Due to consumers' increasing spending power and the resulting rapid growth of enterprises, the commercial segment, which held a dominant position in the market in 2021, is expected to grow at the fastest rate throughout the forecast period.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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