Pre-engineered Buildings (PEB) Global Market Estimated To Grow Pervasively By 2021; Asserts MRFR

Market Research Future published a half cooked research report on “Global Pre-engineered Buildings Market Research Report - Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021

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

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Pre-engineered Buildings Global Market
Pre-engineered Buildings (PEB) is recognized as a versatiletechnology or construction method that allows promising, cost-effective and affordable construction solutions.Other advantages that PEB offers include low initial cost, low maintenance, and resourceful construction with better quality product. Leverage to today’s fast-paced scenario the concept of PEB has shaped up and evolved pervasively. When it’s time to erect a low-rise building, whether for business or municipal use. The sooner the facility can be built, the sooner it can be put to use, generating income for businesses and value for the community. This key factor is pushing growth of the global Pre-engineered Buildings market.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Pre-engineered Buildings are projected to grow exponentially posting a significant CAGR during 2016 to 2021. Given the benefits of the PEB worldwide governments are taking up initiatives on infrastructure development furthering the market growth.

Booming e-commerce and logistics sector particularly augments the demand for warehousing and other storage facilities escalating the PUB market growth. One of the key advantages PUB offers include convenience of constructing a building in the size, shape and design suitable for the project without confronting the architectural design challenges and with the assurance of construction building ready to erect piece by piece.

Despite of the wide range of advantages, the PUB industry still faces some challenges like project execution criticalities and lack of manpower with the required technical competencies. Conversely, technological advancements are increasingly providing software that efficiently eases processes helping builders to input design data for the project. More over sustainable, green practices that PUB follows help to get construction permits faster. This factor coupled with the inflations in traditional construction methods presages that Pre-engineered Buildings are here to stay.

Industry - Segmentation
For the convenience of understanding the report, the global Pre-engineered Buildings market is segmented into 3main dynamics.

By Material : Steel, Aluminium and others.
By End-Use : Commercial (offices & showrooms), Industrial (factories & warehouses), and Infrastructure (bridges, airport hangers and railway platforms).

By Regions : North America, Europe, APAC, and Rest of the World.

Worldwide Competitive Outlook
Characterized by the presence of well-established and small players, the global PEB market is highly competitive. Well established players engage in acquisitions, collaborations, and technological launches in order to capture shares and maintain their status. The majority of PEB companies have in-house R&D facilities to develop quality products. There lies a vast opportunity to expand & grow for the industry players in developing economies due to the low penetration of PEB. Solution lies in creating awareness about the advantages of PEB construction method.

Industry Advancements/Related News
January 17, 2018 – Embassy Industrial Parks (India) a leader in APAC Industrial and Warehousing Spaces partnering with Warburg Pincus, a global private equity player announced plans to invest Rs. 1,000 crore in the next five years in the logistic sector Bengal (India). The investment strategy is based on the increasing demand of manufacturing companies and e-commerce players for good quality storage space with pre-engineered building.

December 22, 2017- Stalco Construction, Inc.(US) a general contractor and construction manager announced partnership with ABC (US) a Buildings Company to offer pre-engineered steel structures to clients throughout the Northeast.

December 20, 2017- The Benton Township Board (US) approved several budgetary items including the proposed expansion for the church’s Benton Heights campus at Euclid Ave. The expansion includes adding a pre-engineered building to the property and extending the parking lot. As a pre-engineered building, the structure would be transported to the 1.5-acre site to be assembled. There is already a one-story building there that covers 5,000 square feet. The new building would be about 7,100 square feet and be used for worship and community events.

November 17, 2017- The Fonds régionaux de solidarité FTQ (Canada) and Maisons Laprise (Canada), an industry leader in pre-engineered homes and energy-efficient building components announced their real estate development partnership.

August 17, 2017- Axalta Coating Systems (US) a leading global supplier of liquid and powder coatings and ETAS Metal Roof & Wall Systems, a manufacturer of pre-engineered metal buildings announced their partnership to feature ETAS as the primary sponsor on the hood of JR Motorsports’ No. 9 Axalta Chevrolet.

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Pre-engineered Buildings - 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.