Pre-engineered Buildings Market Top Key Players 2017: BlueScope Steel Ltd., Tiger Steel Industries LLC, Kirby Building Systems, Everest Industries Ltd., Interarch Building Products Pvt. Ltd., Era Infra Engineering Ltd, PEB Steel Buildings Co. Ltd., Pennar

Summary:

Pre-engineered Buildings Market Information by Material (Steel, Aluminum and others) by End-use (Commercial, Industrial, and Infrastructure) and Region - Forecast to 2021

Market Overview:

According to a recent study report published by the Market Research Future, The global market of Pre-Engineered Buildings is booming and expected to gain prominence over the forecast period. The global Pre-Engineered Buildings market is forecasted to demonstrate an exponential growth by 2023.

Additionally, there are lower labor costs involved, construction can be done quicker and there is less to no waste produced. This makes it a cost effective alternative with comparatively lesser wastage and has proved to be an environment friendly construction solution. This also have the positive influence on the growth of the market.

Currently, the Pre-Engineered Buildings market is spurting mainly due to the supportive government regulations and policies. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market.

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BlueScope Steel Ltd., Tiger Steel Industries LLC, Kirby Building Systems, Everest Industries Ltd., Interarch Building Products Pvt. Ltd., 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. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Pre-Engineered Buildings Market.

Industry News:

In August 2017, Zamil Steel Pre-Engineered Buildings Company was recently awarded a contract valued at USD 6.7 million (SAR 25 million) by the Kuwait Company for Process Plant Construction and Contracting K.S.C. for Agility. The scope of the contract includes the supply of more than 4,600 metric tons of pre-engineered steel buildings and more than 100,000 square meters of sandwich panels, which will be used to construct the four air-conditioned warehouses in Mina Abdullah, Kuwait.

In February 2017, Zamil Steel Construction Company, a subsidiary of Zamil Industrial Investment Co. was awarded with a project contract by the Saudi AlbiTek Company for the construction of its new baby wipes factory in the western region of Saudi Arabia. The project spans an area of 39,000 square meters, which includes the factory, administration and utilities buildings.

In March 2016, Richa Industries Limited, a leading Construction & Engineering company received an order from Bharat Electronics Limited (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai. The Project included design and construction of three buildings including composite shed, finishing shed & rain test shed with the total area of approximately 4300 sq.mt.

Regional Analysis:

The Asia-Pacific region is dominates the Pre-Engineered Buildings market and is expected to grow at a fastest CAGR during the forecast period. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.

North America is also the major region for the market. Raising the demand of eco-friendly and sustainable construction and government support led this region in Pre-Engineered Buildings market.

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