Pre-Engineered Buildings Market was valued at US$ 16200 Mn. in 2020. Global Pre-Engineered Buildings Market size is estimated to grow at a CAGR of 11.5% over the forecast period.
Pre-Engineered Buildings Market Overview:Pre-Engineered buildings are steel frames, which are manufactured at a factory and then shipped to the job site to be assembled. These structures are constructed up of a solid frame formed of steel plates, including beams and columns that may span huge distances without the use of columns, along with roof and wall coverings. Warehouses, distribution facilities, retail stores, shopping centers, office complexes, airplane hangars, and hospitals are among the many industrial applications for pre-engineered buildings. They are generally more cost-effective and efficient than traditional structure framing solutions like light gauge aluminum. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Pre-Engineered Buildings Market Dynamics:The growing awareness of sophisticated off-site construction technologies and practices, along with rising industrialization across the globe is driving the pre-engineered buildings market growth. The demand for industrial storage facilities and warehouses has increased as e-commerce and logistics stores have become more prevalent in the retail industry. This has increased the need for pre-engineered buildings, which are more cost-effective and long-lasting than conventionally constructed structures. Pre-engineered building systems also provide major performance benefits, such as a longer building material life cycle, infinite design flexibility, and lower material and labor costs. In addition, the introduction of pre-engineered green buildings has boosted the market growth. These green structures are low-carbon, environmentally friendly solutions that use less energy during and after construction. Pre-engineered buildings along with technological advances have greatly contributed to the development of quality of life over time. PEB construction takes 30 to 40% less time than masonry. PEB structures have a good insulating effect and would be ideal for a tropical country such as India. PEB is an excellent choice for construction in isolated and steep places. According to a recent survey by the Metal Building Associations (MBA), pre-engineered buildings account for over 60% of non-residential low-rise buildings in the United States. Pre-engineered building systems are predominantly used in the construction of warehouses, industrial sheds, and buildings across the globe. Rural and urban areas, individual and mass housing projects, farmhouses, slum re-organization, and rehabilitation projects, along with amenity structures such as health centers, kiosks, primary schools, and colleges, are now being constructed by pre-engineered building technology. PEB has also attracted pharmaceutical companies and exposition centers along with functional requirements such as offices, conference halls, call centers, supermarkets, and showrooms. Earthquake-resistant structures are a relatively new application of PEB that has received widespread and quick acceptance across the globe. Increased corrosion risk and reduced thermal and fire resistance, are expected to hamper the pre-engineered building market growth throughout the forecast period. In addition, one of the most significant obstacles to the adoption of PEBs in the countries like India, continued faith in traditional construction methods. Nonetheless, as people become more aware of the benefits of PEBs, demand for these products is expected to rise significantly over the forecast period.
Pre-Engineered Buildings Market Segment Analysis:Based on the Structure, the Pre-Engineered Buildings Market is segmented into Single-Story and Multi-Story. The ingle-Story segment held the largest market share, accounting for 73.1% in 2020. Infrastructure, logistical, and industrial construction investments are driving demand for single-story pre-engineered buildings. The need for single-story pre-engineered buildings is also being fueled by the growth of new forms of non-residential construction, such as healthcare, education, recreational and social infrastructure, and retail. In addition, the reduced cost of single-story buildings and the advantages of generating big open areas that are efficient, easy to maintain, and architecturally flexible, are boosting the pre-engineered buildings market growth for this segment. Based on the Application, the Pre-Engineered Buildings Market is segmented into Warehouses & Industrial, Infrastructure, Commercial, and Others. The Warehouses & Industrial segment held the largest market share, accounting for 64% in 2020. The segment growth is attributed to the growth of the manufacturing, shipping, and e-commerce industries across the globe. The growth in these areas fuels demands for factories, manufacturing plants, research and development centers, warehouses, and distribution centers, boosting the pre-engineered building market growth. The Infrastructure segment is expected to witness significant growth at a CAGR of 10.9% during the forecast period. The increasing infrastructural, demand for metro station sheds, airport hangers, airport terminal buildings, shipyards, roads and footbridges, and railway platform shelters are driving the segment growth across the globe.
Pre-Engineered Buildings Market Regional Insights:Asia Pacific region held the largest market share accounted for 38.71% in 2020. The growing demand for pre-engineered structures in the Asia Pacific region is attributed to the region's growing non-residential construction and infrastructure development. India and China account for the majority of pre-engineered building demand in the area, owing to the rising population, economic growth, government investments, and demand for low-cost green structures. In addition, with low labor costs, trade liberalization, and favourable government regulations, foreign investors are establishing factories and distribution centers in Asia Pacific developing countries, fueling the growth of the pre-engineered buildings market growth. In India, the steel structures (SS) market is in excess of 4.5 million metric tonnes, and it has been rising at a rate of more than 10% per year over the past several years. In comparison to both the Indian steel industry and the Indian construction GDP, this market has grown faster. India has a steel capacity of 35 to 40 million tons installed, with an apparent steel consumption of 27 to 30 million tons. The current capacity for pre-engineered steel buildings is 0.35 million tons per year. The industry is expanding at a compound annual rate of 25 to 30%. These factors are expected to boost the pre-engineered buildings market growth over the forecast period. The objective of the report is to present a comprehensive analysis of the global Pre-Engineered Buildings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Pre-Engineered Buildings Market dynamic, structure by analyzing the market segments and projecting the Pre-Engineered Buildings Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Pre-Engineered Buildings Market make the report investor’s guide.
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Pre-Engineered Buildings Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 16200 Mn. Forecast Period 2021 to 2027 CAGR: 11.38% Market Size in 2027: US $ 34400 Mn. Segments Covered: by Structure • Single-Story • Multi-Story by Application • Warehouses & Industrial • Infrastructure • Commercial • Others
Pre-Engineered Buildings Market by Region• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa
Pre-Engineered Buildings Market Key Players• Bluescope • Zamil Steel Holding Company • Kirby Building Systems • Nucor Corporation • NCI Building Systems • Lindab Group • Everest Industries • PEB Steel • PEBS Pennar • ATCO • Atad Steel Structure Corporation • Memaar Building Systems • Norsteel Buildings • John Reid & Sons (Strucsteel) • Rigid Global Buildings • Metal Building Manufacturers Inc. • Mabani Steel • Steelway Building Systems • Tiger Steel Engineering India (Tseil) • Emirates Building Systems • Phenix Construction Technologies • Allied Steel Buildings • SML Group • Octamec Group • Jindal Buildsys Frequently Asked Questions: 1] What segments are covered in the Pre-Engineered Buildings Market report? Ans. The segments covered in the Pre-Engineered Buildings Market report are based on Structure, Application. 2] Which region is expected to hold the highest share in the Pre-Engineered Buildings Market? Ans. The Asia Pacific region is expected to hold the highest share in the Pre-Engineered Buildings Market. 3] What is the market size of the Pre-Engineered Buildings Market by 2027? Ans. The market size of the Pre-Engineered Buildings Market by 2027 is US$ 34400 Mn. 4] What is the forecast period for the Pre-Engineered Buildings Market? Ans. The forecast period for the Pre-Engineered Buildings Market is 2020-2027. 5] What was the market size of the Pre-Engineered Buildings Market in 2020? Ans. The market size of the Pre-Engineered Buildings Market in 2020 was US$ 16200 Mn.
1. Global Pre-Engineered Buildings Market Size: Research Methodology 2. Global Pre-Engineered Buildings Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pre-Engineered Buildings Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pre-Engineered Buildings Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Pre-Engineered Buildings Market Size Segmentation 4.1. Global Pre-Engineered Buildings Market Size, by Structure (2020-2027) • Single-Story • Multi-Story 4.2. Global Pre-Engineered Buildings Market Size, by Application (2020-2027) • Warehouses & Industrial • Infrastructure • Commercial • Others 5. North America Pre-Engineered Buildings Market (2020-2027) 5.1. Global Pre-Engineered Buildings Market Size, by Structure (2020-2027) • Single-Story • Multi-Story 5.2. Global Pre-Engineered Buildings Market Size, by Application (2020-2027) • Warehouses & Industrial • Infrastructure • Commercial • Others 5.3. North America Pre-Engineered Buildings Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Pre-Engineered Buildings Market (2020-2027) 6.1. European Pre-Engineered Buildings Market, by Structure (2020-2027) 6.2. European Pre-Engineered Buildings Market, by Application (2020-2027) 6.3. European Pre-Engineered Buildings Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pre-Engineered Buildings Market (2020-2027) 7.1. Asia Pacific Pre-Engineered Buildings Market, by Structure (2020-2027) 7.2. Asia Pacific Pre-Engineered Buildings Market, by Application (2020-2027) 7.3. Asia Pacific Pre-Engineered Buildings Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Pre-Engineered Buildings Market (2020-2027) 8.1. The Middle East and Africa Pre-Engineered Buildings Market, by Structure (2020-2027) 8.2. The Middle East and Africa Pre-Engineered Buildings Market, by Application (2020-2027) 8.3. The Middle East and Africa Pre-Engineered Buildings Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Pre-Engineered Buildings Market (2020-2027) 9.1. Latin America Pre-Engineered Buildings Market, by Structure (2020-2027) 9.2. Latin America Pre-Engineered Buildings Market, by Application (2020-2027) 9.3. Latin America Pre-Engineered Buildings Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Bluescope 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Zamil Steel Holding Company 10.3. Kirby Building Systems 10.4. Nucor Corporation 10.5. NCI Building Systems 10.6. Lindab Group 10.7. Everest Industries 10.8. PEB Steel 10.9. PEBS Pennar 10.10. ATCO 10.11. Atad Steel Structure Corporation 10.12. Memaar Building Systems 10.13. Norsteel Buildings 10.14. John Reid & Sons (Strucsteel) 10.15. Rigid Global Buildings 10.16. Metal Building Manufacturers Inc. 10.17. Mabani Steel 10.18. Steelway Building Systems 10.19. Tiger Steel Engineering India (Tseil) 10.20. Emirates Building Systems 10.21. Phenix Construction Technologies 10.22. Allied Steel Buildings 10.23. SML Group 10.24. Octamec Group 10.25. Jindal Buildsys