Pre-Engineered Buildings Market Analysis 2024: Market Growth, Size, Outlook And Industry Size Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Pre-Engineered Buildings Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The pre-engineered buildings market size has grown strongly in recent years. It will grow from $17.56 billion in 2023 to $18.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in construction and industrial sectors, demand for cost-effective and time-efficient construction, expansion of urbanization and infrastructure development, adoption of sustainable and green building practices, regulatory standards for building safety..

The pre-engineered buildings market size is expected to see strong growth in the next few years. It will grow to $25.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to customized pre-engineered building solutions, expansion in prefab and off-site construction, innovation in energy-efficient and net-zero buildings, increased use in residential and affordable housing, integration of automation and iot in building design.. Major trends in the forecast period include smart and connected pre-engineered buildings, regulatory compliance in building safety and codes, flexible and adaptable building designs, personalized building solutions for various industries, transparency in building materials and sourcing..

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Key Market Players:

Jindal Buildsys Limited, Lloyd Insulations (India) Limited, Interarch Building Products Pvt. Ltd., Tiger Steel Engineering (I) Pvt. Ltd. (TSEIL), BlueScope Steel Limited, Modular Engineering Co., Enerpan Building Systems Ltd., Johnson Bros. Roll Forming Co., Flexospan Steel Buildings Inc., Panel Built Inc., DENIOS Inc., Easi-Set Buildings, Vistamation Inc., Rhino Steel Building Systems Inc., Butler Buildings, Armstrong Metal Building Manufacturers, Duro Steel Buildings, Future Buildings, Worldwide Steel Buildings, Kirby Building Systems, Nucor Building Systems, American Buildings Company, Varco Pruden Buildings, Chief Buildings, Star Building Systems, Ceco Building Systems, Metallic Building Company, Rigid Global Buildings, Olympia Steel Buildings, Heritage Building Systems, Behlen Building Systems, Steel Building Garages, SteelMaster Buildings, General Steel Buildings, Mueller Inc. are prominent players in the industry.

Market Drivers:

The increase in the adoption of pre-engineered buildings for offices significantly contributes to the growth of the pre-engineered buildings market. Due to rapid urbanization and economic growth in developing countries, various firms seek faster and more cost-effective ways to construct their office space. Pre-engineered buildings are sought for their cost-effectiveness and speedy construction. According to Future buildings, a Canada-based company that manufactures prefabricated steel buildings, the number of firms that use prefabricated steel structures grows every year. Steel structures account for 75%-80% of new commercial and corporate construction. Therefore, an increase in the adoption of pre-engineered buildings is expected to propel the growth of the pre-engineered buildings market.

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Market Segments Include:

1) By Structure: Single-story, Multi-story
2) By Products: Walls, Columns and Beams, Roofs and Floors
3) By Application: Warehouses and industrial, Commercial, Infrastructure, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?
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