Global Pre-Engineered Buildings market trends 2024, Forecast To 2033
8 Feb, 2024
The pre-engineered buildings market size has demonstrated robust growth, escalating from $17.56 billion in 2023 to $18.95 billion in 2024, with a compound annual growth rate (CAGR) of 7.9%. This growth in the historic period is attributed to the flourishing construction and industrial sectors, the demand for cost-effective and time-efficient construction, the expansion of urbanization and infrastructure development, the adoption of sustainable and green building practices, and adherence to regulatory standards for building safety. In the forecast period, the pre-engineered buildings market is expected to witness strong growth, reaching $25.84 billion in 2028, with a slightly increased CAGR of 8.1%. This growth is fueled by customized pre-engineered building solutions, the expansion in prefab and off-site construction, innovation in energy-efficient and net-zero buildings, the increased use in residential and affordable housing, and the integration of automation and IoT in building design. Major trends in the forecast period include smart and connected pre-engineered buildings, regulatory compliance in building safety and codes, flexible and adaptable building designs, personalized building solutions for various industries, and transparency in building materials and sourcing.
Global Pre-Engineered Buildings Market Key Driver
The adoption of pre-engineered buildings for offices is contributing to the growth of the pre-engineered buildings market. Due to rapid urbanization and economic growth, firms seek cost-effective ways to construct office spaces, with pre-engineered buildings accounting for a significant share. This adoption is expected to drive the market in 2023, 2024, and 2028.
Get A Free Sample Of The Global Pre-Engineered Buildings Market ReportGlobal Pre-Engineered Buildings Market Segments
The global pre-engineered buildings market covered in this report is segmented –
1) By Structure: Single-story, Multi-story
2) By Products: Walls, Columns and Beams, Roofs and Floors
3) By Application: Warehouses and industrial, Commercial, Infrastructure, Other Applications
By Geography: The regions covered in the Pre-Engineered Buildings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the pre-engineered buildings market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the pre-engineered buildings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Pre-Engineered Buildings Industry Players
Jindal Buildsys Limited, Lloyd Insulations (India) Limited, Interarch Building Products Pvt. Ltd., Tiger Steel Engineering (I) Pvt. Ltd. (TSEIL), BlueScope Steel Limited, Modular Engineering Co., Enerpan Building Systems Ltd., Johnson Bros. Roll Forming Co., Flexospan Steel Buildings Inc., Panel Built Inc., DENIOS Inc., Easi-Set Buildings, Vistamation Inc., Rhino Steel Building Systems Inc., Butler Buildings, Armstrong Metal Building Manufacturers, Duro Steel Buildings, Future Buildings, Worldwide Steel Buildings, Kirby Building Systems, Nucor Building Systems, American Buildings Company, Varco Pruden Buildings, Chief Buildings, Star Building Systems, Ceco Building Systems, Metallic Building Company, Rigid Global Buildings, Olympia Steel Buildings, Heritage Building Systems, Behlen Building Systems, Steel Building Garages, SteelMaster Buildings, General Steel Buildings, Mueller Inc.
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Pre-Engineered Buildings Market Overview
Pre-engineered buildings refer to a metal structure with a factory-made structural frame containing a standard roof and wall support, assembled on site. Built-up parts are produced to exact sizes at the factory, then brought to the construction site and welded together. Pre-Engineered Buildings are extensively used for factories, community halls, parked sheds, Commercial showrooms, cold storage, stadiums, railway platforms, airports and others. They are also used in warehouses as they take less construction time and are cost-effective.
Pre-Engineered Buildings Global Market Report 2023 provides data on the global pre-engineered buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pre-engineered buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.