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2020
Pre-engineered Buildings Market

Pre-Engineered Buildings Market

by Structure (Single-story and Multi-story) and Application (Commercial and Industrial): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A02838
Pages: 172
Feb 2020 | 12660 Views
Author(s) : Priyanka K , Onkar S
Tables: 81
Charts: 45
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Pre-Engineered Buildings Market Outlook - 2026

The global pre-engineered buildings market size was valued at $12,561.8 million in 2018, and is projected to reach $37,807.3 million by 2026, growing at a CAGR of 14.5% from 2019 to 2026.  Pre-engineered building is a building enclosure system. It includes particular building structure along with wall cladding and roof. It is designed by pre-engineered building manufacturers according to the clients requirements by utilizing best-suited inventory of raw materials. Its structural systems consist of rigid frames, plate steel, roof beams, and columns. Its advantages include reduced construction time, single source responsibility, energy-efficient roofing & wall systems, architectural versatility, lower cost, quality control, low maintenance, large clear spans, and flexibility of expansion.

The rapidly growing industrialization & urbanization in developing countries such as India, China, and Brazil drives the growth of the pre-engineered buildings market. Furthermore, the demand for the construction of commercial complexes & buildings and workshops is high, owing to increase in investment industries. Moreover, growth in population and rapid urbanization creates the need for pre-engineered buildings. For instance, in April 2019, Metsä Group invested around US$2 billion in pre-engineering buildings to expand its bioproduct mill in Finland and Rauma.

Pre-Engineered Buildings Market

In Addition, surge in number of e-retailers has resulted in growing demand for warehouses; thereby, boosting the growth of market. However, disadvantages of these structure such as reduced fire resistance, thermal resistivity, susceptibility to corrosion, and others are expected to hamper the pre-engineered buildings market growth. 

Furthermore, government initiatives toward green building concept for resource efficiency offer lucrative opportunities for pre-engineered buildings market during the forecast period. The steel and high recycled content manufactured for pre-engineered structures help in reducing greenhouse gas emission without any wastage. Moreover, water is not required in construction of these structure, and also prevents the use of bricks and cement.

Pre-Engineered Buildings Market
By Structure

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Multi-Story segment is projected to grow at a significant CAGR

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The global pre-engineered buildings market is segmented on the basis of structure, application, and region. By structure, the market is bifurcated into single-story and multi-story. Further, the single-story segment garner largest share in terms of revenue and multi-story segment is expected to grow during the forecast period. Moreover, increase in adoption of pre-engineered buildings for offices, big retail outlets, and other building projects are expected to provide lucrative opportunities for multi-story market expansion.

Pre-Engineered Buildings Market
By Application

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Commercial segment holds dominant position in 2018

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By application, the market is divided into commercial and industrial. Region wise, the pre-engineered buildings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, the commercial segment accounted for the largest share in the global market in terms of revenue. Moreover, increase in commercial infrastructure projects especially in China and India drives the pre-engineered buildings market. Asia-Pacific has largest share in the global market in terms of revenue in 2018. Developing economies, such as China, India, and others, are expected to support market expansion due to increase in demand for construction activities. For instance, in October 2019, Saudi Arabia based Zamil Steel, a PEB company expanded its Ranjangaon plant to increase their production capacity. The expansion aims to increase its customer base in the Asia-Pacific region.

Pre-Engineered Buildings Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2018 and LAMEA is expected to grow at a highest rate during the forecast period.

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Competition Analysis

The key market players profiled in the report include BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering, and  Zamil Steel.

The major players operating in the global market have adopted key strategies such as product development, acquisition, and business expansion to strengthen their market outreach and sustain the stiff competition in the market. For instance, in January 2019, India-based Pennar Engineered Building Systems Limited constructed 18-storey commercial building and 6-storey school building in India. Similarly, in May 2016, India-based Everest Industries Ltd invested around US$7.2 million to enhance pre-engineered building technology and to cater to pre-engineered building projects in other regions of India. In January 2019, Nova Buildings acquired ASEAN pre-engineered buildings business of BlueScope in Vietnam. The acquisition aims to strength the pre-engineered buildings business of BlueScope across Southeast Asia.

Key Benefits for Stakeholders:

  • The report provides an extensive analysis of the current and emerging pre-engineered buildings market trends and dynamics.  
  • In-depth market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • Extensive analysis of the pre-engineered buildings market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global pre-engineered buildings market forecast analysis from 2019 to 2026 is included in the report.
  • The key market players operating in the global pre-engineered buildings market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pre-engineered buildings industry. 

Global Pre-Engineered Buildings Market Segments:

By Structure

  • Single-story
  • Multi-story

By Application

  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • BlueScope Steel
  • Era Infra
  • Everest Industries
  • Interarch Building Products
  • Jindal Buildsys
  • Kirby Building Systems
  • Lloyd Insulations
  • PEB Steel Buildings
  • Tiger Steel Engineering
  • Zamil Steel
 

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The pre-engineered buildings market holds high growth potential in the industrial sector, owing to growing investment for pre-engineered buildings. For instance, in April 2019, Metsä Group invested around US$2 billion in pre-engineering building to expand its bioproduct mill in Finland and Rauma.

The market has witnessed significant growth over the past decade, owing to increase in demand for single-story pre-engineered buildings due to the factors such as lack of access to affordable space and low-cost. Market players are also acquiring other companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion. Moreover, the leading players in the market are producing affordable and efficient pre-engineered buildings to cater to a large customer base.

The factor such as increase in focus toward affordable warehouse structures has significant impact on the market growth in the recent years. In addition, increase in investment in commercial construction activities is expected to drive the growth of the global pre-engineered buildings market. Furthermore, increase in industrialization and urbanization fuels the market growth.

Among the analyzed geographical regions, LAMEA is expected to account for the highest CAGR in the global market throughout the forecast period.

 

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FREQUENTLY ASKED QUESTIONS?

A. The pre-engineered buildings market is projected to reach $37,807.3 million by 2026.

A. The reduced cost and time required for construction, and increase in focus toward affordable warehouse structures are the factors which drives the pre-engineered buildings market growth.

A. The report sample for pre-engineered buildings market report can be obtained on demand from the website.

A. Government initiative toward green building concept for resource efficiency is the emerging trend in the pre-engineered buildings market.

A. LAMEA region will provide more business opportunities for pre-engineered buildings market in coming years.

A. The statistical data of the top market players of pre-engineered buildings market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the pre-engineered buildings industry.

A. Acquisitions and business expansion are the key growth strategy of pre-engineered buildings market players.

A. By structure, the single-story segment holds the maximum share of the pre-engineered buildings market.

A. BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering, and Zamil Steel.

A. Industrial sector is the potential customer of PEB industry.

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