What is Global Pre-engineered Building Market?
The Global Pre-engineered Building Market is a rapidly growing sector in the construction industry. Pre-engineered buildings are factory-built structures that are shipped to the site and bolted together. These structures are designed by a PEB manufacturer or PEB supplier, generally using steel framing components. They are cost-effective, time-saving, and flexible in design, making them a popular choice for many different types of buildings. The market for these buildings is expanding globally due to their numerous advantages such as reduced construction time, cost-effectiveness, and sustainability. The global market is driven by the increasing demand for green buildings, the growing construction industry, and the rising trend of smart cities. The market is also influenced by technological advancements in the construction industry, such as the use of Building Information Modelling (BIM) and 3D printing.
Single-story, Multi-storey in the Global Pre-engineered Building Market:
The Global Pre-engineered Building Market is segmented based on the number of stories in the building. Single-story pre-engineered buildings are commonly used for warehouses, factories, and commercial buildings. They are designed for easy expansion and can be customized to suit the specific needs of the user. On the other hand, multi-story pre-engineered buildings are used for offices, schools, hospitals, and residential buildings. They offer a high degree of flexibility in design and can be easily modified or expanded. The choice between single-story and multi-story pre-engineered buildings depends on the specific requirements of the project, such as the intended use of the building, the available space, and the budget. The market for both types of buildings is growing due to the increasing demand for cost-effective and sustainable construction solutions.
Warehouses & industrial, Commercial, Infrastructure, Others in the Global Pre-engineered Building Market:
The Global Pre-engineered Building Market finds its application in various sectors such as warehouses & industrial, commercial, infrastructure, and others. In the warehouses & industrial sector, pre-engineered buildings are used due to their durability, flexibility, and cost-effectiveness. They can be easily expanded or modified to accommodate changing needs. In the commercial sector, pre-engineered buildings are used for offices, retail stores, and other commercial establishments. They offer a high degree of design flexibility and can be customized to create a unique and attractive appearance. In the infrastructure sector, pre-engineered buildings are used for schools, hospitals, and other public buildings. They provide a quick and cost-effective solution for constructing high-quality buildings. Other applications of pre-engineered buildings include residential buildings, agricultural buildings, and temporary structures.
Global Pre-engineered Building Market Outlook:
The future of the Global Pre-engineered Building Market looks promising. In 2023, the market was valued at US$ 30150 million. It is expected to grow significantly in the coming years, reaching a value of US$ 55120 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period from 2024 to 2030. This growth can be attributed to the numerous advantages of pre-engineered buildings, such as cost-effectiveness, time-saving, flexibility in design, and sustainability. The market is also expected to benefit from technological advancements in the construction industry and the increasing demand for green buildings.
| Report Metric | Details |
| Report Name | Pre-engineered Building Market |
| Accounted market size in 2023 | US$ 30150 million |
| Forecasted market size in 2030 | US$ 55120 million |
| CAGR | 8.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BlueScope Steel, NCI Building Systems, Nucor Corporation, Kirby Building Systems, Zamil Steel Holding Company, ATCO, Lindab Group, PEBS Pennar, PEB Steel Buildings, Everest Industries |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
