Pre-engineered Buildings Market | 2023-2028

Market Insights

The Global Pre-engineered Buildings Market is expected to grow from USD 19.07 billion in 2022 to USD 35.86 billion by 2028 at a healthy CAGR of 11.09% during the forecast period of 2023-2028.

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What are pre-engineered buildings?

Pre-engineered Buildings are designed by PEB manufacturers or suppliers so as to fabricate them by utilizing the best-suited inventory of raw materials available from multiple sources and diverse manufacturing methods that can efficiently address a wide range of aesthetic design and structural requirements.

Pre-engineered Buildings are of different types, such as single-story and multi-story, that are used in various end-use industries, such as warehouses & industrial, infrastructure, and commercial.

Market Drivers

The global pre-engineered buildings market is expected to grow significantly in the coming years, driven by several factors, including:

1. Rising demand for warehousing: Pre-engineered buildings are an ideal choice for warehouse construction due to their quick construction abilities, durability, and cost-effectiveness. Due to the increasing e-commerce trend, there is a rise in warehouses across the globe. For instance, e-commerce giant –Amazon will have at least 355 U.S. warehouses covering 319 million square feet by 2023. Overall increasing warehouses across the globe is expected to drive the pre-engineered buildings market.
2. Growing industrialization: The increasing industrialization of developing countries is also driving the demand for pre-engineered buildings. These buildings are well-suited for a variety of industrial applications, such as factories, manufacturing plants, and distribution centers. More building constructions will increase the chances of a pre-engineered building market.
3. Growing sustainability demand – This is one of the reasons that Pre-Engineered Buildings (PEB) are becoming the preferred choice since they can be made with recycled materials, reducing environmental impact.

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Key Players

Some of the major players in the global market are-

• ATCO
• BlueScope Steel
• Everest Industries
• Kirby Building Systems
• Lindab Group
• NCI Building Systems
• Nucor Corporation
• PEBS Pennar
• PEB Steel Buildings
• Zamil Steel Holding Company

Segments Analysis

By Structure Type

Based on the structure type, the market is segmented as single-story and multi-story. 

The single-story segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. The infrastructural, logistics, and industrial construction investments are driving the growth of this segment.

Furthermore, the lower price of single-story buildings and the benefits of creating large open spaces which are efficient, offering easy maintenance, and architectural flexibility, support the demand for single-story pre-engineered buildings.

By End-Use Industry Type

Based on the end-use industry type, the pre-engineered buildings market is segmented as warehouses & industrial, infrastructure, and commercial. 

The warehouses & industrial industry segment dominates the market. Further, the manufacturing, logistics, and e-commerce sectors are propelling the growth of the segment during the forecast period.

By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for pre-engineered buildings during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities.

The growth of the market is driven by the growth of various end-use industries, such as warehouses & industrial, infrastructure, and commercial, which is generating huge demand for pre-engineered buildings and the presence of a large number of pre-engineered building manufacturers in the Asia-Pacific region.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global market is segmented into the following categories. 

By Structure Type

• Single-story (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Multi-story (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By End-Use Industry Type

• Warehouses & Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

?The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.