Pre-engineered buildings (PEBs) are a type of construction solution characterized by the use of pre-fabricated and pre-designed structural components. These components, including columns, beams, roof trusses, wall panels, and other elements, are manufactured off-site in a factory or manufacturing facility. They are then transported to the construction site where they are assembled and erected to create the final building structure.
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Data Bridge Market Research analyzes that South East and Rocky Mountains Pre-Engineered Building Market is expected to reach USD 2,490.94 million by 2030 from USD 1,319.44 million in 2022, growing at a CAGR of 8.4% in the forecast period of 2023 to 2030. Demand for sugar free premium chocolates owing to shift towards healthy lifestyle is expected to grow the market.
Key Findings of the Study
Increasingly Becoming Pivotal Factors in the Construction Industry, Cost-Effectiveness and Time Efficiency are Gaining Prominence as Driving Forces
The pre-engineered components, which are manufactured in advance, can be quickly assembled on-site, significantly reducing project timelines compared to traditional construction methods. This time-saving advantage is particularly important in regions with seasonal construction limitations, such as harsh winters in the Rocky Mountains. PEBs enable construction projects to proceed swiftly, regardless of weather conditions. Moreover, the flexibility and versatility of PEBs make them suitable for a wide range of applications, from warehouses and industrial facilities to commercial structures and sports complexes. This adaptability aligns with the evolving needs of businesses and communities in the South East and Rocky Mountains. The market is experiencing a surge in demand due to the growth of industries and population.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Building Type (Commercial and Industrial), Building Size (Small-Scale Buildings (20,000 Sq. Ft - 50,000 Sq. Ft), Medium-Scale Buildings (50,001 Sq. Ft - 70,000 Sq. Ft), Large-Scale Buildings (More than 70,000 Sq. Ft)), Construction Material (Steel, Aluminum, and Others)
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Regions Covered
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Florida, North Carolina, Georgia, Virginia, Tennessee, South Carolina, Louisiana, Alabama, Mississippi and West Virginia, Colorado, Utah, Montana, Wyoming, Idaho, and New Mexico
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Market Players Covered
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Nucor Corporation (U.S.), Cornerstone Building Brands, Inc. (U.S.), ATCO LTD. (U.S.), Allied builders (U.S.), Stevens, Wollam Construction (U.S.), JB STEEL (U.S.), BlueScope Buildings North America (U.S.), Mountain State Construction (U.S.), AA Metal Buildings (U.S.), Sunward Steel Buildings (U.S.), WHIRLWIND STEEL (U.S.), CanAm Steel Buildings (U.S.), Pluma Construction Systems Steel Buildings (U.S.), Federal Steel Systems (U.S.), DFB Buildings (U.S.), Great Western Building Systems (U.S.), Schulte Building Systems, Inc (U.S.), and Pacific Building Systems (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The South East and Rocky Mountains pre-engineered building market is segmented into three notable segments based on building type, building size, and construction material.
- On the basis of building type, the market is segmented into commercial and industrial.
In 2023, industrial segment is expected to dominate in South East and Rocky Mountain pre-engineered building market
In 2023, the industrial segment is expected to dominate the market due to industrial facilities often requiring large, open spaces with minimal interior columns or supports, growing with a market share of 61.56% in South East pre-engineered building market.
In 2023, the industrial segment is expected to dominate the market due to industrial facilities often requiring large, open spaces with minimal interior columns or supports, growing with a market share of 62.21% in Rocky Mountain pre-engineered building market.
- On the basis of building size, the market is segmented into small-scale buildings (20,000 Sq. Ft - 50,000 Sq. Ft), medium-scale buildings (50,001 Sq. Ft - 70,000 Sq. Ft), and large-scale buildings (More than 70,000 Sq. Ft), the small-scale buildings (20,000 Sq. Ft - 50,000 Sq. Ft). In 2023, small-scale buildings (20,000 Sq. Ft - 50,000 Sq. Ft) is expected to dominate South East pre-engineered building market with a 49.05% market share.
In 2023, small-scale buildings (20,000 Sq. Ft - 50,000 Sq. Ft) is expected to dominate Rocky Mountain pre-engineered building market with a 50.19% market share.
- On the basis of construction material, the market is segmented into steel, aluminium, and others.
In 2023, steel segment is expected to dominate in South East and Rocky mountain pre-engineered building market
In 2023, the steel segment is expected to dominate the market due to increasingly becoming pivotal factors in the construction industry, cost-effectiveness and time efficiency are gaining prominence as driving forces, growing with a market share of 63.38% in South East pre-engineered building market.
In 2023, the steel segment is expected to dominate the market due to increasingly becoming pivotal factors in the construction industry, cost-effectiveness and time efficiency are gaining prominence as driving forces, growing with a market share of 64.40% in Rocky Mountain pre-engineered building market.
Major Players
Data Bridge Market Research analysis Nucor Corporation (U.S.), Cornerstone Building Brands, Inc. (U.S.), ATCO LTD. (U.S.), BlueScope Buildings North America (U.S.), and WHIRLWIND STEEL (U.S.) as major players in this market
Market Developments
- In September 2023, Nucor Corporation unveiled a groundbreaking partnership with Helion, a fusion power company. The collaboration aims to establish a 500 MW fusion power plant, marking a significant leap in clean energy production. This futuristic project is designed to supply continuous, carbon-free electricity directly to a Nucor steelmaking facility. Nucor and Helion are working diligently to establish a definitive timeline, with the shared ambition of commencing operations at the earliest, ideally by 2030.Its impact is poised to extend far beyond Nucor and Helion, as it lays the groundwork for a broader transformation toward decarbonizing the entire industrial sector.
- In September 2023, ATCO LTD. released its 2022 Sustainability Report highlighting the company’s sustainability and environmental, social, and governance (ESG) performance including strategies, initiatives, targets, and metrics. The report focuses on the transition to low-carbon energy; climate change and environmental stewardship; operational reliability and resilience; community and Indigenous relations; diversity, equity, and inclusion; and safety. This will help the company to attract a large consumer base.
- In August 2023, Cornerstone Building Brands, Inc., the largest manufacturer of exterior building products in North America, has acquired MAC Metal Architectural, a company based in Saint-Hubert, Quebec, specializing in high-end steel siding and roofing products for residential and commercial markets in North America. This acquisition aims to expand Cornerstone Building Brands' exterior product portfolio, particularly in the fast-growing metal siding and roofing segment, enhancing their market presence and leveraging their manufacturing.
- In September 2022, Cornerstone Building Brands, Inc. has partnered with Dave and Jenny Marrs, co-hosts of HGTV shows Fixer to Fabulous and Fixer to Fabulous: The Welcome Inn, to promote Ply Gem Mastic siding and accessories. This marks the first partnership of its kind for Ply Gem Mastic within the Cornerstone Building Brands family. Dave Marrs, an expert craftsman, builder, and general contractor, collaborated with Ply Gem to highlight the features and benefits of Mastic siding, emphasizing its quality craftsmanship, extreme weather resistance, innovation, low maintenance, and VIP limited lifetime warranty. The partnership included custom content, videos, appearances, and product testimonials to showcase the product's qualities and innovation in home improvement.
Regional Analysis
On the basis of states, the market is segmented into South East and Rocky Mountains. Florida, North Carolina, Georgia, Virginia, Tennessee, South Carolina, Louisiana, Alabama, Mississippi and West Virginia, Colorado, Utah, Montana, Wyoming, Idaho, and New Mexico.
As per Data Bridge Market Research analysis:
South East is expected to dominate and fastest the South East and Rocky Mountains pre-engineered building market
South East region is expected to dominate and fastest in the market due to its robust industrial base, stringent quality standards, and strong presence in various sectors.
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