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2024

Pre-Engineered Buildings Market

Pre-Engineered Buildings Market Size, Share, Competitive Landscape and Trend Analysis Report by Structure, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Manufacturing

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Author's: Ganesh Nandkumar Dasturkar | Sonia Mutreja
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Pre-Engineered Buildings Market Research, 2032

The global pre-engineered buildings market size was valued at $17.6 billion in 2022, and is projected to reach $46.6 billion by 2032, growing at a CAGR of 10.4% from 2023 to 2032.Pre-engineered building is a building enclosure system. It includes a particular building structure along with wall cladding and roof. It is designed by pre-engineered building manufacturers according to the clients' requirements by utilizing the best-suited inventory of raw materials. Its structural systems consist of rigid frames, plate steel, roof beams, and columns.

Pre-Engineered Buildings Market

Report Key Highlighters

• The pre-engineered buildings market studies more than 16 countries. The analysis includes a country-by-country breakdown analysis in terms of value ($million) available from 2022 to 2032.

• The research combined high-quality data, professional opinion, and research, with significant independent opinion. The research methodology aims to provide a balanced view of the global market, and help stakeholders make educated decisions to achieve ambitious growth objectives.

• The research reviewed more than 3,700 product catalogs, annual reports, industry descriptions, and other comparable resources from leading industry players to gain a better understanding of the market.

• The pre-engineered buildings market share is marginally fragmented, with players such as 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. Major strategies such as product launch, partnerships, expansion, and other strategies of players operating in the market are tracked and monitored.

Market Dynamics

The market growth for construction products is highly dependent on industrial and commercial construction investments. 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 create the need for pre-engineered buildings. Furthermore, increase in demand for renovations of old warehouses and buildings drives the requirement of such low-cost and efficient pre-engineered buildings. The performance of the construction sector can influence the development of the overall economy, as well.

The pre-engineered buildings materials such as masonry block, roll-formed profiled steel sheet, tensioned fabric, glass curtainwall, precast concrete, and other materials are a cost-effective alternative for construction of buildings. Especially, the precast concrete is widely used to construct these buildings, as it is easily available in the market at reasonable cost. Moreover, the steel sheet and tensioned fabric is cheaper than other construction materials used for traditional construction. In addition, the glass curtainwall is already having the perfect shape and can be easily structured into pre-engineered buildings. Thus, the construction of pre-engineered buildings is cheaper than the construction of traditional homes built using brick and mortar. Furthermore, minimal structural work is required to construct pre-engineered buildings, which in turn reduces the time required for building a structure. For instance, the structuring of pre-engineered buildings can be completed approximately within 2-3 weeks, where 4-6 months are required for brick and mortar. These factors are expected to boost the growth of the pre-engineered buildings industry during the forecast period.

One of the limitations that affects the market is expensive pricing or cost of ownership. The price for pre-engineered buildings materials varies depending upon the size and other features. Moreover, increase in prices of raw materials increases the total cost of production, which may increase the market price of the pre-engineered buildings. In addition, the impact of economic factors around the globe and the fluctuating exchange rates of foreign currencies continue to influence the profit margins of pre-engineered buildings for the manufacturers. Thus, volatile prices of the raw materials used for these machines are expected to hinder the pre-engineered buildings market growth during the forecast period.

Technological advancements, particularly the integration of Building Information Modeling (BIM) and computer-aided design (CAD) technologies offer lucrative opportunities for the growth of the pre-engineered buildings market. By leveraging these advanced tools, PEB manufacturers and designers can streamline the entire building lifecycle, from conceptualization and design to fabrication, construction, and maintenance. BIM enables the creation of detailed digital representations of pre-engineered buildings, allowing for better visualization, coordination, and collaboration among stakeholders throughout the project. These technological advancements not only improve efficiency and accuracy in PEB projects but also offer opportunities for innovative design solutions, sustainable practices, and enhanced project management.

Segmental Overview

The pre-engineered buildings market is segmented on the basis of structure, application and region. By, the market is divided into single-story and multi-story. By application, the market is divided into commercial and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Pre-Engineered Buildings Market by Structure

By structure: The pre-engineered buildings market overview is divided into single-story and multi-story. In 2022, the single-story segment dominated the market, in terms of revenue, and the multi-story segment is expected to grow with a higher CAGR during the forecast period. The single-story pre-engineered buildings can be quickly constructed and are cheaper in cost as compared to factory-built homes or RCC construction. These single-story pre-engineered buildings can directly build and modify them in design according to the need. The multi-story pre-engineered buildings can be built or installed at required locations, owing to the easy assembly and modification of these prefabricated structures. Its advantages include extendibility, reduced cost, and reduction of construction waste.

Pre-Engineered Buildings Market by Application

By application: The pre-engineered buildings market forecast is divided into commercial and industrial. In 2022, the commercial segment dominated the market, in terms of revenue, and the industrial segment is expected to witness growth at a higher CAGR during the forecast period. The commercial buildings include space for commercial purposes such as office buildings, warehouses, and retail buildings, stores, and shopping malls. Industrial applications include textile, footwear, electronics, automobile, IT, petroleum, chemical, or any other sector.

Pre-Engineered Buildings Market by Region

By region: Region wise, the pre-engineered buildings market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and Latin America, the Middle East &Africa. Asia-Pacific accounted for the highest market share in 2022 and LAMEA is expected to grow with a highest CAGR during the forecast period.

Competition Analysis

Key companies profiled in the pre-engineered buildings market 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 that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.

Recent developments in hydraulic and electric linear actuators industry

In August 2022, APL Apollo unveiled its innovative Steel Building Solutions technology, aiming to revolutionize the construction industry. By inviting industry experts to share their insights and experiences with Tubular Technology, the company underscores its commitment to driving change and innovation. This technology represents a new approach ('NAYI-SOCH') to building and construction, offering a range of heavy structural tubular products such as Apollo Column tubes. These products are recognized as integral components of Pre-Engineered Buildings (PEB), delivering faster project completion, superior quality, strength, cost-effectiveness, and eco-friendly.

In May 2023, EPAK Prefab, a provider of pre-engineered building and construction solutions, has successfully completed the construction of industrial facilities spanning 3.2 million square feet, valued at approximately $24 million, for prominent automobile companies in India. The project encompasses pre-engineered buildings and materials, demonstrating EPAC Prefab's expertise in delivering comprehensive solutions for industrial construction needs in the automotive sector.

In March 2023, EPAC Prefab has inaugurated a new facility in HITEC City, Hyderabad, India, featuring state-of-the-art amenities and staffed with a team of skilled professionals prepared to fulfill Pre-Engineered Building needs. This expansion reflects EPAC Prefab's commitment to providing top-notch services and support to clients in the region.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pre-engineered buildings market analysis from 2022 to 2032 to identify the prevailing pre-engineered buildings market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the pre-engineered buildings market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global pre-engineered buildings market trends, key players, market segments, application areas, and market growth strategies.

Pre-Engineered Buildings Market Report Highlights

Aspects Details
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Market Size By 2032

USD 46.6 billion

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Growth Rate

CAGR of 10.4%

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Forecast period

2022 - 2032

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Report Pages

180

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By Structure
  • Multi-story
  • Single-story
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By Application
  • Commercial
  • Industrial
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • Latin America  (Brazil, Chile, Rest of Latin America)
  • Middle East and Africa  (Saudi Arabia, UAE, Nigeria, South Africa, Rest of Middle East And Africa)
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Key Market Players

JINDAL BUILDSYS LIMITED, Everest Industries Ltd, zamil steel, Lloyd Insulations, Bluescope Steel Limited, Kirby Building Systems, Era Infra, tiger steel engineering l.l.c., PEB Steel Buildings, interarch building products

Analyst Review

According to the CXOs of the leading companies, over the past decade, the market has experienced substantial growth, primarily due to rising demand for single-story pre-engineered buildings. Factors such as limited access to affordable space and cost-effectiveness have been significant drivers. Market participants are actively pursuing acquisitions and expanding their product portfolios to capitalize on opportunities for geographical and customer base expansion. Furthermore, key market players are focusing on producing affordable and efficient pre-engineered buildings to cater to a broader customer demographic.

The increasing emphasis on affordable warehouse structures has notably influenced market growth in recent years. Additionally, heightened investment in commercial construction activities is poised to propel the global pre-engineered buildings market forward. Moreover, the ongoing trends of industrialization and urbanization are further stimulating market growth.

Among the regions analyzed, Asia-Pacific is projected to lead in terms of revenue generation throughout the forecast period, followed by Europe, North America, and LAMEA.

Author Name(s) : Ganesh Nandkumar Dasturkar | Sonia Mutreja
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Frequently Asked Questions?

The global pre-engineered buildings market was valued at $17,626.6 million in 2022, and is projected to reach $46,581.2 million by 2032, registering a CAGR of 10.4%.

The forecast period considered for the global pre-engineered buildings is 2022 to 2032, wherein, 2022 is the base year, 2023 is the estimated year, and 2032 is the forecast year.

The latest version of global pre-engineered buildings report can be obtained on demand from the website.

The base year considered in the global pre-engineered buildings report is 2022.

The major players profiled in the pre-engineered buildings 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 top ten market players are selected based on two key attributes - competitive strength and market positioning.

The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies, and recent developments.

Based on application, the commercial segment was the largest revenue generator in 2022.

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Pre-Engineered Buildings Market

Global Opportunity Analysis and Industry Forecast, 2023-2032