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Pre-engineered Buildings Market worth $34.11 billion by 2030, growing at a CAGR of 10.10% - Exclusive Report by 360iResearch
Pre-engineered Buildings Market | 360iResearch
The Global Pre-engineered Buildings Market to grow from USD 15.78 billion in 2022 to USD 34.11 billion by 2030, at a CAGR of 10.10%.
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The pre-engineered buildings (PEBs) market encompasses the sale and distribution of pre-fabricated or pre-engineered building components. These components are designed and manufactured in a factory setting, then assembled on-site to create structures that are durable, cost-effective, and customizable. This market serves a broad range of applications, including commercial, industrial, warehouse, and infrastructural facilities. PEBs are utilized in various sectors, demonstrating diverse applications in commercial buildings (retail stores, office buildings), industrial facilities (factories, warehouses), infrastructural projects (airports, railway stations), and recreational structures (stadiums, arenas). The growth of the pre-engineered buildings market is influenced by several factors, including burgeoning industrialization coupled with rising investment in infrastructure, growing demand for sustainable lightweight buildings, and rising use of steel and highly recycled content in construction. However, the expansion of PEBs is hindered by the low thermal resistivity of pre-engineered buildings, the high susceptibility of pre-engineered buildings to corrosion, and fluctuations in steel prices. On the other hand, the emerging popularity of pre-engineered buildings toward green development, increasing demand for warehouses with the rise in e-commerce globally, the growing trend for eco-friendly and sustainable building practices, expanding acceptance of modular and hybrid structures, and integration of IoT and smart technology in building management systems presents potential opportunities for the PEBs market.
The pre-engineered buildings (PEB) market in the Americas, especially in the United States and Canada, is characterized by high demand for cost-effective and time-saving construction solutions. Rising concerns over environmental sustainability have pushed the PEB industry to innovate with green building materials and methods. Initiatives such as the LEED certification by the U.S. Green Building Council highlight this trend. Investment in non-residential construction, influenced by urbanization and industrial development, continues to grow and stimulates market expansion. South America is noticing a trend toward adopting pre-engineered buildings, especially in Brazil and Argentina, driven by economic development and industrialization. EU countries exhibit a cautious approach towards PEBs, emphasizing compliance with stringent building codes and standards. Customers in this region prioritize durability, design flexibility, and environmental impact. Research and development in Europe are often referred to as improving the energy efficiency of buildings and integrating smart building technologies. The PEB market in the Middle East is driven by rapid infrastructural development and industrial diversification efforts. Countries, including Saudi Arabia, UAE, and Qatar, are investing significantly in construction projects for economic growth beyond the oil industry. Africa presents a high-growth potential for the PEB market, considering its infrastructure deficit and ongoing industrialization. The APAC region is witnessing considerable growth in the pre-engineered buildings market, owing to the significant industrialization in India, China, and Japan. The manufacturing sector's expansion and government initiatives for infrastructure development substantially foster the demand for these constructions. Moreover, the need to shorten project timelines drives the adoption of pre-engineered buildings in the region.
Market Segmentation & Coverage:
This research report categorizes the Pre-engineered Buildings Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Structure, market is studied across Multi-story and Single-story. The Single-story commanded largest market share of 73.01% in 2022, followed by Multi-story.
Based on Application, market is studied across Commercial, Infrastructure, and Warehouses & Industrial. The Warehouses & Industrial commanded largest market share of 68.03% in 2022, followed by Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.87% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pre-engineered Buildings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pre-engineered Buildings Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pre-engineered Buildings Market, highlighting leading vendors and their innovative profiles. These include Allied Steel Buildings, Inc., Astron Buildings S.A., Atad Steel Structure Corporation, ATCO Ltd., BlueScope Steel Limited, Cornerstone Building Brands, Inc., Emirates Building Systems Co., LLC, Everest Industries Ltd., Jindal Prefab, John Reid & Sons (Strucsteel) Ltd., Kirby Building Systems, Lloyd Insulations (India) Limited, Mabani Steel LLC, Memaar Building Systems FZC, Norsteel Buildings, Nucor Corporation, PEB Steel Buildings Co., Ltd., Pennar Industries Limited, Phenix Construction Technologies, Qingdao Stable Steel Structure Co., Ltd., Renier Construction Corp., Rigid Global Buildings, LLC., Saxena Marine Tech (P) Ltd., Shandong Jiren Building Materials Co., Ltd., Smith Structures (India) Pvt. Ltd., Steelway Building Systems, Tiger Steel Engineering India, Volta Green Structures, and Zamil Steel Holding Co. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pre-engineered Buildings Market, by Structure
7. Pre-engineered Buildings Market, by Application
8. Americas Pre-engineered Buildings Market
9. Asia-Pacific Pre-engineered Buildings Market
10. Europe, Middle East & Africa Pre-engineered Buildings Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pre-engineered Buildings Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pre-engineered Buildings Market?
3. What is the competitive strategic window for opportunities in the Pre-engineered Buildings Market?
4. What are the technology trends and regulatory frameworks in the Pre-engineered Buildings Market?
5. What is the market share of the leading vendors in the Pre-engineered Buildings Market?
6. What modes and strategic moves are considered suitable for entering the Pre-engineered Buildings Market?
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