Global Pre-Engineered Buildings Market is expected to grow at a robust CAGR
Global Pre-Engineered
Buildings Market is expected to grow owing to demand for lightweight building
structure throughout the forecast period.
According to
TechSci Research report, “Pre-Engineered
Buildings Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Pre-Engineered Buildings Market is expected to
register robust growth during the forecast period owing to growth due to the
increasing awareness of modern off-site construction techniques. Furthermore,
the global demand for green buildings has led to a shift in focus from
traditional steel buildings to pre-engineered structures, which consume less
energy during and after construction. Off-site construction consistently
delivers high standards in terms of strength and cost efficiency compared to
traditional on-site construction. It also offers numerous benefits, including
shorter build time, a controlled build environment, and lower labor costs, thus
driving the off-site construction industry. The growth of this industry is
expected to drive the demand for pre-engineered structures.
Architectural
flexibility is a crucial aspect of modern Pre-Engineered Buildings (PEBs). PEB
manufacturers now offer a wide range of building profiles and configurations to
accommodate diverse architectural styles and functions. The adaptability of
PEBs empowers architects to explore building shapes, roof profiles, and heights,
moving away from the perception of standardized designs. Architectural
flexibility also facilitates the incorporation of design features like arches,
canopies, overhangs, and other architectural details that enhance the
building's character and visual appeal. This approach challenges the notion
that PEBs are confined to box-like structures.
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The Global Pre-Engineered
Buildings Market is segmented based on material, product, end-use industry,
structure and region. Based on material, the market is bifurcated into steel,
aluminum, and others. Based on product, the market is bifurcated into steel, aluminum
and others. Based on structure, the market is bifurcated into single-story and
multi-story. Based on end-use industry, the market is bifurcated into
residential, commercial, and industrial. Based on region, the market is further
bifurcated into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
Based on product, Roof & Floors segment is
expected to dominate the market during the forecast period. Both roof and floor
systems in Pre-Engineered Buildings (PEBs) are seamlessly integrated with the
steel structure of the building. Steel columns, rafters, and beams form the
primary support system for the roof and floors, ensuring structural integrity
and efficient load transfer throughout the building. PEB roof and floor systems
offer design flexibility and can be customized to meet specific project
requirements, allowing for different architectural styles and functional needs.
Roof systems provide weather protection and energy efficiency, while floor
systems offer structural support and customization options. The integration of
roof and floor systems with the steel structure ensures the overall stability
and performance of PEBs, making them efficient and reliable building solutions
for various commercial, industrial, and institutional applications.
Based on material,
Steel segment is projected to dominate the market throughout the forecast
period. Sustainability is gaining prominence within the construction industry,
and steel aligns well with green building initiatives. Steel is a recyclable
material, and Pre-Engineered Buildings (PEBs) have a lower carbon footprint
compared to conventional construction methods. The energy-efficient attributes
of PEBs, combined with the recyclability of steel, contribute to their sustainability
credentials. PEBs constructed with steel are engineered to withstand seismic
forces and extreme weather conditions, making them suitable for
earthquake-prone regions and areas prone to hurricanes or cyclones. Steel's
inherent ductility allows PEBs to flex under seismic loads without compromising
their structural integrity, ensuring the safety of occupants. Steel's strength
and ability to span long distances without the need for intermediate supports
enable the construction of open and column-free spaces in PEBs. This is
particularly advantageous in industrial and commercial applications, providing
businesses with large, unobstructed areas for their operations.
Key market
players in the Global Pre-Engineered Buildings Market are:-
- BlueScope Steel Limited
- Zamil Steel Holding Company Limited
- Interarch Building Products Pvt.
Ltd.
- Emirates Building System
- ATCO Ltd
- PEB Steel Buildings Co., Ltd.
- John Reid & Sons (STRUCSTEEL) LTD
- Everest Industries Ltd.
- Cornerstone Building Brands
- Allied Builders
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“The Asia-Pacific
region is set to dominate the market, given its vital and dynamic status for
Pre-Engineered Buildings (PEBs). Factors such as urbanization, infrastructure
development, industrialization, cost-effectiveness, and green building
initiatives are fueling the widespread adoption of PEBs in this region. With
the ongoing economic growth and rising construction demand in the Asia-Pacific,
PEBs are poised to play an increasingly pivotal role in delivering efficient
and sustainable building solutions for a wide range of construction projects.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Pre-Engineered
Buildings Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028, Segmented By Material
(Steel, Aluminum, and Others), By Product (Walls, Columns & Beams, Roof
& Floors, and Others), By Structure (Single-Story and Multi-Story), By
End-use Industry (Residential, Commercial, and Industrial), By Region,” has evaluated the
future growth potential of Global Pre-Engineered Buildings Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Pre-Engineered Buildings Market.
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