Pre-Engineered Buildings Market 2024-2033: Global Outlook, Industry Share, Latest Trends And Major Players

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Pre-Engineered Buildings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $25.84 billion In 2028 At A CAGR Of 8.1% :

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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Pre-Engineered Buildings Market Major Segments
The pre-engineered buildings market covered in this report is segmented -

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

Key Driver - Modern Office Construction A Driving Force In Pre-Engineered Buildings Market

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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Prominent Trend - Green Building Transforming The Pre-Engineered Structures Market

Green building has emerged as a trend in the pre-engineered buildings market. Companies are focused on making the pre-engineered green building to drive the momentum toward sustainable development. The environmental effect of buildings, their construction, lifetime and eventual removal are all considered under sustainable or green buildings. It mitigates this impact by utilizing environmentally friendly construction materials, energy efficiency, creative building design and a healthy interior atmosphere. Pre-engineered structures use a high amount of recycled materials in their construction. They employ sustainable building design and construction techniques and take less time to construct than standard structures. CDMG, a US-based construction company, estimates that Leadership in Energy and Environmental Design(LEED), a rating system devised by the United States Green Building Council (USGBC), is certifying 2 million square feet of construction space around the world every day. This is signaling the rising green building trend in the pre-engineered buildings market.

Pre-Engineered Buildings Market Players
Major companies operating in the pre-engineered buildings market include 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.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the pre-engineered buildings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pre-engineered buildings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pre-Engineered Buildings Market Report Structure
3. Pre-Engineered Buildings Market Trends And Strategies
4. Pre-Engineered Buildings Market - Macro Economic Scenario
5. Pre-Engineered Buildings Market Size And Growth
…..
27. Pre-Engineered Buildings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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