Pre-engineered Buildings Market (Material - Steel, Aluminium, and Others; Structure - Single-story, and Multi-story; Product - Walls, Roof and Floors, Columns and Beams, and Others; Application - Commercial, Industrial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2032

A recent report published by Infinium Global Research on pre-engineered buildings market provides in-depth analysis of segments and sub-segments in the global as well as regional pre-engineered buildings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pre-engineered buildings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pre-engineered buildings market.

Market Insight:

The global pre-engineered buildings market was valued at USD 18.80 billion in 2023 and is expected to reach USD 48.56 billion in 2032, with a CAGR of 11.14% during the forecast period of 2024-2032.

Pre-engineered buildings (PEBs) are designed by the PEB manufacturer with a single design to be fabricated using several materials and methods to gratify an extensive range of structural and appealing design requirements. Pre-engineered buildings involve pre-designed and prefabricated structures that can be tailored according to the requirements and accumulated at the site. Several advantages of pre-engineered buildings include high durability, ease of construction, and they are timesaving. Additionally, the PEBs reduce the maintenance required on the structure for longer periods and offer sustainability. These buildings are generally made from materials such as steel, aluminum, and others. Pre-engineered buildings are widely used from small farm buildings to massive industrial constructions, due to their flexible and versatile properties.

The pre-engineered buildings market is growing due to increasing industrialization. The Indian manufacturing industry contributed 16-17% of India's GDP pre-pandemic and is expected to be one of the fastest-growing sectors. The U.S. industrial production rose 0.9% in May. There is a significant need for constructing commercial buildings, workshops, etc., in industrial environments. Pre-engineered buildings can withstand harsh conditions and extreme weather, making them an excellent choice for industrial construction. They offer benefits such as cost-effectiveness, efficiency, and lower maintenance, fostering market growth. Increasing industrialization necessitates high-quality, cost-effective, time-saving, and durable materials, driving the demand for pre-engineered buildings. Moreover, the pre-engineered buildings market is growing due to increasing industrialization. The Indian manufacturing industry is expected to be one of the fastest-growing sectors. There is a significant need for constructing commercial buildings and workshops in industrial environments. Pre-engineered buildings offer benefits such as cost-effectiveness, efficiency, and lower maintenance, fostering market growth.

Supply chain disruptions due to raw material unavailability and fluctuating prices, as well as the high costs associated with transporting prefabricated materials, are hindering market growth for pre-engineered buildings. Incorporating smart building technologies such as Internet of Things (IoT) sensors, energy management solutions, computer-aided manufacturing (CAM), building information modeling (BIM), and others in pre-engineered buildings will improve safety and reduce costs, creating opportunities for the market in the future. Implementing artificial intelligence and machine learning will enhance construction quality and reduce material losses. These advanced technologies are expected to transform the pre-engineered buildings industry, enhancing efficiency, safety, and accuracy, creating demand for these buildings in the forecast years.

Asia Pacific is estimated to be the fastest-growing market for pre-engineered buildings. Particularly, India and China accounted for the mainstream of pre-engineered building demand due to the rising population, government investments, economic growth, and demand for low-cost sustainable structures. Additionally, the market is experiencing significant growth due to increasing industrialization and growing infrastructure. Meanwhile, the North America region is expected to grow with the fastest CAGR in the forecast years owing to economic development, technological advancements, and the rising construction sector.

Report Scope of the Pre-engineered Buildings Market:

Segment Covered

The report on global pre-engineered buildings market covers segments such as material, structure, product, and application. On the basis of material, the sub-markets include steel, aluminium, and others. On the basis of structure, the sub-markets include single-story, and multi-story. On the basis of product, the sub-markets include walls, roof and floors, columns and beams, and others. On the basis of application, the sub-markets include commercial, industrial, and residential.

Companies Profiled:

The report provides profiles of the companies in the market such as ATCO Ltd., Nucor Buildings Systems, Interarch Building Products, PEB Steel Building Co., Ltd, Zamil Steel Pre-Engineered Buildings Company Limited, Everest Industries Ltd., Pennar Industries Limited, Cornerstone Buildings Brands, Inc., BlueScope Buildings North America, Lloyd Insulations (India) Limited, and JOHN REID & SONS (STRUCSTEEL) LTD.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the pre-engineered buildings market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.