Pre-Engineered Buildings Global Market Expected To Witness A Remarkable Growth By 2021.

According to the recent study report – “Global Pre-engineered Buildings Market” published by Market Research Future, pre-engineered buildings market will witness a staggering growth and will post an impressive CAGR globally, during the forecast period.                                                

With majority of its components manufactured from cold formed sheet steel, PEBs are considered as eco-friendly Buildings. Globally, steel is one of the most recycled materials, with almost 96% of the components of a steel product can be recycled. Also, at the end of any steel product’s life, almost 98% of it can be recycled without losing its engineering properties. Thus, PEB technology is considered as one of the greenest construction methods. Additionally, unlike the conventional methods most Pre-Engineered Buildings use skylights and solar panels on rooftops to meet the daylight and captive power requirements, thus reducing emissions with enhanced carbon ratings while supplying the power to these buildings.

With the rising number of e-retailers, the demand for warehouses is also increasing and the increased demand for warehouses is one of the factors driving the market growth of PEB globally during the forecasted period, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures and widely spread over 115 pages.

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Industry – Key Players

The global PEB market is highly competitive and is characterized by the presence of several well-established vendors. The majority of PEB companies have in-house R&D facilities to develop quality products. PEBs still have low penetration in some developing countries so industry players have a wide opportunity to expand their business in these countries by creating awareness about the advantages of PEB construction method.  

Some of the key players of Global pre-engineered buildings Market report include- BlueScope Steel Ltd., Tiger Steel Industries LLC, Kirby Building Systems, Everest Industries Ltd., Interarch Building Products Pvt. Ltd.

Other prominent players identified in the report are Era Infra Engineering Ltd, PEB Steel Buildings Co. Ltd., Pennar Engineered Building Sytems Ltd, Jindal Buildsys Limited, Zamil Steel Holding Co. Ltd., and Multicolor Steels India Pvt. Ltd.

Industry – Segments

The Global pre-engineered buildings Market is segmented in to 3 dynamics for the convenience of the report and enhanced understanding - Segmentation on the basis of material, end-use, and region. 

Segmentation on the basis of material :  Comprises Steel, Aluminum, and others.
Segmentation on the basis of end-use             : Comprises commercial (such as offices and showrooms), industrial (such as factories and warehouses), and Infrastructure (such as bridges, airport hangers and railway platforms)
Segmentation on the basis of Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Synopsis & Scenario

The global pre-engineered buildings market is driven by the increased demand for warehouses globally and the eco-friendly nature of the construction. There is a boom in e-commerce and logistics sector. This particularly augments the demand for warehousing and other storage facilities, which make use of the pre-engineered buildings. This material majorly used in the construction of the pre-engineered buildings is steel which in turn is highly reusable without losing its engineering properties. This eco-friendly nature of the constructions further has led to the growth of the global pre-engineered market. The global pre-engineered buildings market is expected to reach at projected market size at the end of the forecasted period and is expected to show a staggering growth at high CAGR from 2016 to 2021.

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Regional Analysis

APAC dominates the Global pre-engineered buildings market with its fast growing market worldwide. It will expand at a good CAGR over the forecast period. The region is expected to show rapid economic and infrastructural growth. With lot of investments in the regions of China and India, the construction sector is growing. The inflow of foreign investment in India further augments the market for pre-engineered building.

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This release was published on openPR.