The size of the global market for Pre-engineered Buildings is expected to reach USD 15.20 Billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.2%.
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"The Global Pre Engineered Buildings Market 2019-2029 (USD Billion)")
The global pre-engineered buildings market is estimated to cross USD 34 billion by 2028. The sector is expanding as a result of the construction industry's recent expansion. Pre-engineered buildings are prefabricated structures made in a factory using raw materials such as main and secondary supports, roof and wall panels, and engineering methods to link them. Industrial buildings and warehouses are perfect candidates for this type of architecture. This structure is made up of factory-painted columns and beams that are put together on site. Pre-engineered housing architecture provides more important benefits over single-story structures as well as an effective replacement to traditional buildings in the overall design industry.
Pre-engineered buildings are commonly used in the design of commercial and residential facilities, and they are 40 percent easier to install than conventional structures. Furthermore, rising demand for warehouses in developing economies such as Brazil, Argentina, South Africa, China, India, Saudi Arabia, and Southeast Asia is driving the pre-engineered construction industry. When the number of e-retailers grows, so does the need for warehouse space. These e-retailers are building warehouses to improve their logistics in order to satisfy supply-demand. As a result, pre-engineered structures are the quickest way to construct warehouses.
Pre-engineered Buildings Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | USD 15.20 Billion |
| Growth Rate | CAGR of 12.2 % during 2021-2029 |
| Segment Covered | Structure, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | NCI Building Systems, Nucor Corporation, Kirby Building Systems, Zamil Steel Holding Company, Bluescope, Lindab Group, Everest Industries, PEB Steel, PEBS Pennar, and ATCO. Some other leading players operating in this sector are Atad Steel Structure Corporation, Memaar Building Systems, Norsteel Buildings, John Reid & Sons, Rigid Global Buildings, Metal Building Manufacturers Inc., Mabani Steel, Steelway Building Systems, Tiger Steel Engineering India, Emirates Building Systems, Phenix Construction Technologies, Allied Steel Buildings, and SML Group. |
Key Segments of the Global Pre-engineered Buildings Market
Structure Overview, (USD Billion)
- Single-story
- Multi-story
Application Overview, (USD Billion)
- Warehouses & industrial
- Commercial
- Infrastructure
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global pre-engineered buildings market.
- Pre-engineered buildings are widely used for various applications such as for warehouses & industrial, commercial, and infrastructure, owing to their benefits and the market is expected to gain traction over the coming years.
- With the growing demand for green building, the market is further expected to have a positive opportunity in near future.
What does the report include?
- The study on the global pre-engineered buildings market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of structure, and application. Moreover, the study on pre-engineered buildings market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global pre-engineered buildings market is suitable for all the players across the value chain including raw material providers, manufacturers, distributors, and other intermediaries
- Venture capitalists and investors looking for more information on the future outlook of the global pre-engineered buildings market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global pre-engineered buildings market
Frequently Asked Questions (FAQ) :
The market value of pre engineered buildings market in 2029 was USD 15.20 Billion
The Global pre engineered buildings market is Segmented on the basis of Structure, Application, Regions
To get latest version of pre engineered buildings market report can be obtained on demand from the website.
Pre-engineered structures have an enclosed concrete framework of cladding on the walls and roof. These are on the rise and will continue to do so throughout the projected timeframe. In the coming years, rising demand for affordable and green buildings is expected to fuel the global pre-engineered buildings industry. Furthermore, the need for pre-engineered buildings is expected to grow as the cost and time savings become more apparent. Furthermore, one of the major factors that will cause the global pre-engineered buildings market to improve during the forecast period is reduced time and cost efficiency.
Furthermore, a labor shortage in traditional architecture has increased demand for pre-engineered structures. As a result, the global pre-engineered demand is expected to develop in the coming years. The demand for pre-engineered buildings is projected to rise as non-residential industries increase their demand for single-story buildings. The need for commercial buildings such as clinics, pharmacies, classrooms, gyms, and sports facilities is constantly increasing as a result of rapid urbanization.
Based on structure segment, the market is segregated as single-story and multi-story. The market for single-story pre-engineered buildings is being fueled by the growth of new forms of non-residential housing, such as healthcare, education, leisure and social facilities, and retail industry. Furthermore, demand for single-story pre-engineered buildings is supported by the lower cost of single-story buildings and the advantages of having wide open spaces that are effective, easy to maintain, and architecturally flexible. Increasing government initiatives to strengthen industrial construction activities in Middle East countries will open new opportunities for the single-story structure in coming years.
Increasing construction of warehouses & industries are projected to show lucrative opportunities in coming years. The growth is attributed to the rising e-commerce, supply chain & logistics, and manufacturing sectors. Growth in these industries fuels demand for manufacturers, manufacturing plants, research and development centers, warehouses, and distribution centers, boosting the pre-engineered construction market.
On the basis of geography, the global pre-engineered buildings market is categorized into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia-Pacific accounted for more than 30% of the total market share, with the region's construction industry, which is booming in the residential, commercial, manufacturing, and infrastructure sectors, predicted to continue to expand in the coming years. Increasing government initiatives to strengthen construction industry in China, India, and Southeast Asia will open new avenues for the industry in coming years.
The major players operating in the global pre-engineered buildings market are NCI Building Systems, Nucor Corporation, Kirby Building Systems, Zamil Steel Holding Company, Bluescope, Lindab Group, Everest Industries, PEB Steel, PEBS Pennar, and ATCO. Some other leading players operating in this sector are Atad Steel Structure Corporation, Memaar Building Systems, Norsteel Buildings, John Reid & Sons, Rigid Global Buildings, Metal Building Manufacturers Inc., Mabani Steel, Steelway Building Systems, Tiger Steel Engineering India, Emirates Building Systems, Phenix Construction Technologies, Allied Steel Buildings, and SML Group.