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Pre-Engineered Buildings Market Analysis | 2023-2028
Pre-Engineered Buildings Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The pre-engineered buildings market was estimated at USD 19.0 billion in 2022 and is likely to grow at a CAGR of 11.0% during 2023-2028 to reach USD 35.8 billion in 2028.
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Pre-engineered Buildings are designed by PEB manufacturers or suppliers 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.
The global pre-engineered buildings market is expected to grow significantly in the coming years, driven by several factors, including:
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.
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.
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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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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Structure Type Analysis |
Single-story and Multi-story |
The single-story segment dominates the market during the forecast period. |
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End-Use Industry Type Analysis |
Warehouses & Industrial, Infrastructure, Commercial, and Others |
The warehouses & industrial industry segment dominates the market during the forecast period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific is estimated to be the largest as well as the fastest-growing market for pre-engineered buildings during the forecast period. |
“The single-story segment dominates the market during the forecast period.”
The market is segmented into single-story and multi-story. The single-story segment held a 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 that are efficient, offering easy maintenance, and architectural flexibility, support the demand for single-story pre-engineered buildings.
“The warehouses & industrial industry segment dominates the market during the forecast period.”
The pre-engineered buildings market is segmented into 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.
“Asia-Pacific is estimated to be the largest as well as the fastest-growing market for pre-engineered buildings during the forecast period.”
China, Japan, India, and Australia are 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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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, and regional presence, etc.
The following are the key players in the pre-engineered buildings market (arranged alphabetically).
Note: The above list does not necessarily include all the top players in the market.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s pre-engineered buildings market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our pre-engineered buildings market report from the industry stakeholders, we have tried to further accentuate our research scope to the pre-engineered buildings market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
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 1000 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.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. 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 pre-engineered buildings market is segmented into the following categories:
By Structure Type
By End-Use Industry Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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.
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.
The pre-engineered buildings market was estimated at USD 19.0 billion in 2022.
The forecasted value of the pre-engineered buildings market is expected to be USD 35.8 billion in 2028.
The pre-engineered buildings market is likely to grow at a CAGR of 11.0% during 2023-2028.
Some of the major players in the market are- ATCO, BlueScope Steel, Everest Industries, Kirby Building Systems, Lindab Group, NCI Building Systems, Nucor Corporation, PEBS Pennar, PEB Steel Buildings and Zamil Steel Holding Company.
Asia-Pacific is estimated to be the largest as well as the fastest-growing market for pre-engineered buildings during the forecast period.
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.
The warehouses & industrial industry segment dominates the market during the forecast period.
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