Global Pre-engineered Building Market – Industry Trends and Forecast to 2029

Global Pre-engineered Building Market Analysis and Size

Over the last few years, the global pre-engineered building market has seen tremendous growth due to the expansion of the construction sector. The rapid growth of the pre-engineered building market is fueled by increasing industrialization and urbanization in developing nations such as India, China, and Brazil. Moreover, Metsä Group invested over $2 billion in pre-engineering buildings in April 2019 to expand its bioproduct mill in Finland and Rauma. These factors have significantly contributed to the market's growth over the forecasted period.

Global Pre-engineered Building Market was valued at USD 18.19 billion in 2021 and is expected to reach USD 45.03 billion by 2029, registering a CAGR of 12.00% during the forecast period of 2022-2029. The "single-story segment" accounts for the largest structure segment in the pre-engineered building market due to the lower price of single-story buildings and the benefits of large open spaces, easy maintenance, and architectural flexibility. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Global Pre-engineered Building Market Definition

The pre-engineered building is basically a type of enclosing system for a structure. It encompasses the structure of the building and the wall covering and roof. It is built by pre-engineered building manufacturers to meet the needs of the client by employing the best-suited raw material inventories. Rigid frames, plate steel, roof beams, and columns make up the structural systems. Reduced construction time, single-source responsibility, energy-efficient roofing and wall systems, architectural variety, cheaper cost, quality control, minimal maintenance, huge clear spans, and expansion flexibility are just a few of its benefits.

Report Scope and Market Segmentation

Pre-engineered Building Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• High Demand Across End Users

The growing utilization of the pre-engineered buildings across the various end user industries such as warehouses and industrial, infrastructure, commercial, residential and others is estimated to carve a way for the growth of the market.

Furthermore, the rising demand for lightweight building structure and reduced cost and time will further propel the growth rate of the pre-engineered building market. In addition to this, the increasing usage of steel in construction and building projects coupled with the growing industrialization worldwide will also drive market value growth. The rising preferences towards green building and the rapid urbanization are projected to bolster the market's growth.

Opportunities

• Investments and Warehouses Construction

The various developments by the market players and significant investments in research and development activities that further enhance product applications extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the e-retailers are constructing warehouses to enhance their distribution, which will further expand the future growth of the pre-engineered building market.

Restraints/Challenges Global Pre-engineered Building Market

• Various Disadvantages

The low thermal conductivity, lack of fire resistance, and vulnerability to corrosion of pre-engineered building will create hindrances for the growth of the pre-engineered building market.

• Supply Chain Disruptions

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. Also, the fluctuations in the prices of raw materials will prove to be a demerit for the pre-engineered building market. Therefore, this will challenge the pre-engineered building market growth rate.

This pre-engineered building market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pre-engineered building market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Pre-engineered Building Market

The recent outbreak of coronavirus had a negative impact on the pre-engineered building market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease les to huge financial setback as well as negative influence on product demand for the market. COVID-19 infections are on the rise, and vaccine development is unknown, thus the GDP is expected to fall until the end of 2020. COVID-19's economic impact is expected to reduce global trade volumes by 13%- 32% by 2020. Construction has been interrupted and impacted by nationwide lockdowns, as migrant workers quitting labour colonies at construction sites has severely hampered construction activities around the world. According to a research conducted by the International Workforce Organization, the Indian construction industry saw over 52 percent labour absenteeism during the COVID-19 epidemic. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.

Global Pre-engineered Building Market Scope

The pre-engineered building market is segmented on the basis of material, product, structure and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Steel
• Aluminum
• Others

On the basis of material, the pre-engineered building market has been segmented into steel, aluminum and others.

Product

• Walls
• Columns and Beams
• Roof and Floors
• Others

The pre-engineered building market has also been segmented on the basis of product into walls, columns and beams, roof and floors and others.

Structure

• Single-Story
• Multi-Story

On the basis of structures, the pre-engineered building market is segmented into single-story and multi-story. The single-story segment is anticipated to account for the largest market share owing to the lower price of single-story buildings and the benefits such as large open spaces, easy maintenance and architectural flexibility.

Application

• Warehouses and Industrial
• Infrastructure
• Commercial
• Residential
• Others

On the basis of application, the pre-engineered building market is segmented into warehouses and industrial, infrastructure, commercial, residential and others.

Pre-engineered Building Market Regional Analysis/Insights

The pre-engineered building market is analysed and market size insights and trends are provided by country, material, product, structure and application as referenced above.

The countries covered in the pre-engineered building market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the pre-engineered building market because of the increasing number of construction activities and infrastructural growth, favorable government policies, and prevalence of cheap labor and trade liberalization within the region.

On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing investments in investment of smart buildings, increasing use of pre-engineered building for applications across industrial, automotive, and agriculture industries in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pre-engineered Building Market Share Analysis

The pre-engineered building market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pre-engineered building market.

Some of the major players operating in the pre-engineered building market are

• BlueScope Steel Limited (Australia)
• Cornerstone Building Brands (U.S.)
• Nucor (U.S.)
• Kirby Building Systems (Kuwait)
• Allied Builders (U.S.)
• Zamil Steel Holding Company Limited (Saudi Arabia)
• Interarch Building Products Pvt. Ltd. (India)
• Emirates Building System(UAE)
• Mabani Steel (UAE)
• ATCO Ltd (Canada)
• Lindab (Sweden)
• Norsteelbuildings (Canada)
• PEBS Pennar (India)
• PEB Steel Buildings Co., Ltd. (Vietnam)
• Metal Building Manufacturers Association (MBMA) (U.S.)
• JOHN REID & SONS (STRUCSTEEL) LTD (U.K)
• Everest Industries Ltd., (India)

Research Methodology : Global Pre-engineered Building Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-pre-engineered-building-market

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