The global the global Pre-engineered Buildings Market was worth USD 19.38 Billion in 2023. The market is forecast to reach USD 47.15 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.38% during the forecast period 2024-2032.
Factors such as the demand for lowering construction cost & time and rising requirement for green buildings together with the requirement for lightweight building structure to boost the pre-engineered buildings market.
The major players active in the pre-engineered buildings market comprise NCI Building Systems, BlueScope Steel, Kirby Building Systems, Nucor Corporation, ATCO, Zamil Steel Holding Company, PEBS Pennar, Lindab Group, Everest Industries, and PEB Steel Buildings.
Single-Story Segment Expected To Rule The Global Pre-Engineered Buildings Market In The Years To Come
The single-story section added up for the biggest share of the global during in the years to come. The requirement for single-story pre-engineered buildings is boosted by logistics, infrastructural, and industrial construction spending. Development in new kinds of non-residential construction, such as education, healthcare, retail, and social & recreational infrastructure is also powering the requirement for single-story segment. In addition to this, the low cost of single-story buildings and the advantages of making huge open spaces which has easy maintenance, are well-organized, and have architectural flexibility will support the requirement for single-story segment of the global market.
Warehouses & Industrial Segment Predicted To Develop At The Maximum CAGR During The Forecast Period In The Pre-Engineered Buildings Market
The warehouses & industrial section is predicted to develop at the utmost CAGR in the years to come. This is credited to the development in the logistics, manufacturing, and e-commerce industries. Development in these industries creates the requirement for production plants, factories, warehouses, R&D centers, and distribution hubs, therefore supporting the growth of the global pre-engineered buildings market. The infrastructure section is predicted to clock the second-highest development, due to the infrastructural spending resulting in the requirement for airport hangers, metro stations’ sheds, shipyards, airport terminal buildings, railway platform sheds, and highways & footbridges.
Pre-Engineered Buildings Market In Asia Pacific Expected To Clock The Utmost CAGR In The Years To Come
Asia Pacific added up for the biggest share of the market in 2019 and is also predicted to clock the highest development in the long run. The development in the Asia Pacific area can be credited to the rising requirement for pre-engineered buildings from the increasing non-residential infrastructural and construction development in the area. The primary demand for these buildings in the area is contributed by China and India, due to the economic growth, rising population, demand for low-price green buildings, and government investments. In addition to this, foreign sponsors are setting up their distribution centers and factories in the developing nations of this area due to trade liberalization, cheap labor, and favorable government rules, further driving the growth of the global pre-engineered buildings market.
Browse the full “Pre-engineered Buildings Market- By Application (Infrastructure, Warehouses & Industrial, and Commercial), By Structure (Multi-storey and Single-storey), and Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/pre-engineered-buildings-market
Key players profiled in the report include-
- NCI Building Systems, Inc.
- Lindab Group
- Zamil Steel Holding Company Limited
- Tata BlueScope Steel
- Kirby Building Systems – A group company of Alghanim Industries
- Nucor Corporation
- Engineer sales-Pebspennar
- Everest Industries Limited
- ATCO
- Cara —Steel Structure/PEB buildings/Sandwich panel/
The global pre-engineered buildings market is segmented as follows:
By structure
- Single-story
- Multi-storey
By application
- Warehouses & industrial
- Commercial
- Infrastructure
- Others (education, schools, churches, exhibition halls, healthcare, recreation infrastructure)
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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