Pre-engineered Building Market Overview, Trends, Application and Forecast to 2024

Global PreEngineered Building Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Pre-Engineered Building Market Overview: According to the latest study by IMARC Group, titled “ Pre-Engineered Building Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 �, the global pre-engineered building market experienced moderate growth during 2011-2018. Preengineered buildings are engineered at factories and are further assembled at site. They are made up of primary steel frames, secondary structural elements, roof, wall panels and bolts which are manufactured at the factory. These frames are then cut to the exact size and bolted together to be transported to the site for assembling. These buildings are cheap to construct, fast to erect and can be easily dismantled. They not only minimize the time required for construction but also need little to no maintenance. This makes them an ideal solution for industrial and warehouse purposes. These structures can also be reused by moving them to a different location. Consequently, these buildings are widely utilized in the construction of distribution centers, retail stores, motels, sports arenas and office complexes.

Global Pre-Engineered Building Market Trends A significant increase in off-site construction activities is one of the major factors driving the growth of the pre-engineered building market. Since these buildings are constructed under controlled conditions, their production reduces labor costs and provides shorter build time.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Furthermore, rising environmental concerns have led a majority of the population to make a shift toward eco-friendly and energy efficient technologies. The advent of pre-engineered green buildings is expected to further create a positive outlook for the market. On account of the aforementioned factors, the market is expected to expand at a CAGR of 5.0% during 2019-2024.

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Moreover, the thriving e-commerce industry is continually boosting the demand for warehouses and storehouses. This, along with rapid industrialization in both the emerging and developed countries, is catalyzing the growth of the market.

Pre-engineered Building Market Segmentation Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

On the geographical front, North America holds the leading position in the market, accounting for a majority of the total market share. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.

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Report Description Market Segmentation by Product • • •

Concrete Structure Steel Structure Civil Structure

On the basis of the product, the market has been divided into concrete structure, steel structure, civil structure and others. Amongst these, steel structure represents the most preferred segment.

Market Segmentation by End-User • • • •

Industrial sector Commercial sector Infrastructure sector Residential sector

Based on the end user, the commercial sector holds the dominant market share, exhibiting a clear dominance in the market. Other major segments include industrial sector, infrastructure sector and residential sector.

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Concrete Superplasticizer Market Report: https://www.imarcgroup.com/concrete-superplasticizer-market Cement Market Report: https://www.imarcgroup.com/cement-manufacturing-plant Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • •

BlueScope Steel Era Infra Everest Industries Interarch Building Products Jindal Buildsys Kirby Building Systems Lloyd Insulations

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PEB Steel Buildings Tiger Steel Engineering Zamil Steel Nucor

A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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