Global Pre-engineered Buildings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Pre-engineered Buildings Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global pre-engineered buildings market report has been segmented on the basis of type, application, and region.
Global Pre-engineered Buildings Market: Overview
The pre-engineered building can be defined as factory-built buildings that are usually manufactured using steel and shipped to the site and affixed together. This particular type of construction is ideal for warehouses and industrial buildings; due to its benefits including cost-effective, easy to install and can be dismantled and movable to another place.
Global Pre-engineered Buildings Market: Dynamics
Incresing industrialization and urbanization activities in developed and developing countries is a major factor expected to drive the global market growth. In addition, rapidly increasing infrastructural development activities arried out by various government authorities and growing number of commercial construction projects across the globe are some additional factors projected to propel growth of the target market. Pre-engineered buildings are often manufactured in factories through advanced machinery or equipment, which may result in reducing the cost of materials. Moreover, these buildings are durable and did not get affected easily in extreme weather conditions. These are some other factors anticipated to fuel the target market growth over the forecast period. Increasing adoption of the off-site construction process can be attributed to various benefits offered by it including reduced time and cost of construction, easy process of installation, portability, etc. This is a factor expected to drive growth of the global pre-engineered buildings market.
However, the fluctuating cost of raw materials required for manufacturing such as steel is one of the key factor expected to hamper the global market growth over the forecast period. in addition, lack of availability of the skilled labor and advanced technologies in some regions are other factors projected to challenge growth of the target market to a certain extent.
Global Pre-engineered Buildings Market: Segmental Analysis
Among the structure type segments, the single-story segment is expected to register significant growth, owing to its wide range of applications including non-residential construction such as educational institutes, healthcare, recreational and social infrastructure, retail outlets, etc.
Among the application segments, the warehouses & industrial segment is projected to account for significant shares of the global market, in terms of revenue, owing to growing number of manufacturing units and warehouses worldwide.
Global Pre-engineered Buildings Market: Regional Analysis
Asia Pacific pre-engineered buildings market is anticipated to register significant growth, owing to rapidly increasing industrialization and urbanization. In addition, increasing spending on infrastructural development activities by governments and growing number of manufacturing units in developing countries such as India and China are some additional factors projected to support the revenue growth of the target market in the region. Pre-engineered buildings market in North America is projected to account for significant revenue shares of the target market. This can be attributed to growing industrial construction activities coupled with the high demand for the light-weight pre-engineered building structure and reduced timespan of construction. Markets in Latin America, Europe, and Middle East & Africa are expected to register substantial growth over the forecast period.
Global Pre-engineered Buildings Market Segmentation:
Segmentation by Structure Type:
Segmentation by Application:
- Warehouses & Industrial
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BlueScope Steel Limited
- Zamil Steel Pre-Engineered Buildings Co. Ltd.
- Nucor Corporation
- NCI Building Systems, Inc.
- Lindab Group
- Everest Industries Ltd.
- PEB Steel Buildings Co. Ltd.
- PEBS Pennar Group
- ATCO Group
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