The Business Research Company’s report on the Pre-Engineered Buildings Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the pre-engineered buildings industry?
The rising investments in infrastructure development are expected to propel the growth of the pre-engineered building market. Infrastructure development refers to the process of planning, designing, financing, constructing, and maintaining physical and organizational structures and facilities that are essential for the functioning of a society or economy. Increased investments in infrastructure, commonly associated with urbanization projects and the modernization of existing structures, highlight the integral role of smart elevators in meeting the vertical mobility needs of modern urban spaces and renovated buildings. Pre-engineered buildings are used in infrastructure to provide rapid, cost-effective, and customizable solutions for various applications such as warehouses, distribution centers, commercial facilities, and transportation hubs, enhancing construction efficiency and flexibility. For instance, in April 2023, according to the World Bank, a US-based international financial institution, infrastructure investments in low- and middle-income countries showed a sustained recovery in 2022. Private participation in infrastructure (PPI) investments surged to $91.7 billion across 263 projects, reflecting a notable 23% increase compared to 2021. Therefore, rising investments in infrastructure development will drive the growth of the pre-engineered building market.
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What is the estimated market size of the pre-engineered buildings sector by 2029, based on current forecasts?
The pre-engineered buildings market size has grown strongly in recent years. It will grow from $18.79 billion in 2024 to $20.21 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in construction and industrial sectors, demand for cost-effective and time-efficient construction, expansion of urbanization and infrastructure development, adoption of sustainable and green building practices, regulatory standards for building safety.
The pre-engineered buildings market size is expected to see strong growth in the next few years. It will grow to $28.11 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to customized pre-engineered building solutions, expansion in prefab and off-site construction, innovation in energy-efficient and net-zero buildings, increased use in residential and affordable housing, integration of automation and iot in building design. Major trends in the forecast period include smart and connected pre-engineered buildings, regulatory compliance in building safety and codes, flexible and adaptable building designs, personalized building solutions for various industries, transparency in building materials and sourcing.
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#Who are the top players in the pre-engineered buildings market?
Major companies operating in the pre-engineered buildings market include Jindal Buildsys Limited, Lloyd Insulations (India) Limited, Interarch Building Products Pvt. Ltd., Tiger Steel Engineering (I) Pvt. Ltd. (TSEIL), BlueScope Steel Limited, Modular Engineering Co., Enerpan Building Systems Ltd., Johnson Bros. Roll Forming Co., Flexospan Steel Buildings Inc., Panel Built Inc., DENIOS Inc., Easi-Set Buildings, Vistamation Inc., Rhino Steel Building Systems Inc., Butler Buildings, Armstrong Metal Building Manufacturers, Duro Steel Buildings, Future Buildings, Worldwide Steel Buildings, Kirby Building Systems, Nucor Building Systems, American Buildings Company, Varco Pruden Buildings, Chief Buildings, Star Building Systems, Ceco Building Systems, Metallic Building Company, Rigid Global Buildings, Olympia Steel Buildings, Heritage Building Systems, Behlen Building Systems, Steel Building Garages, SteelMaster Buildings, General Steel Buildings, Mueller Inc.
#What are the major trends in the pre-engineered buildings market?
Major companies operating in the pre-engineered building market are focusing on innovating technologically advanced high-performance solutions, such as heavy structural tubular products, to enhance the durability, efficiency, and design flexibility of pre-engineered buildings, catering to the growing demand for sustainable and cost-effective construction solutions across various industries. Structural tubular products in pre-engineered buildings are used to create lightweight yet strong frameworks, offering enhanced load-bearing capacity, durability, and flexibility in design while reducing material costs and construction time. For instance, in August 2022, APL Apollo, an India-based manufacturer of structural steel tubes and pipes, introduced its next-generation Steel Building Solutions (SBS), a groundbreaking advancement in the tubular construction industry. These high-quality pre-engineered building (PEB) materials offer cost-efficiency, accelerate project timelines, and promote environmental sustainability, positioning them as a significant benefit to the construction sector. The tubular structural steel solutions enable faster and more efficient construction, driving innovation and enhancing overall project execution.
Which geography holds the highest pre-engineered buildings market share?
Asia-Pacific was the largest region in the pre-engineered buildings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pre-engineered buildings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the pre-engineered buildings market?
The pre-engineered buildings market covered in this report is segmented –
1) By Structure: Single-story, Multi-story
2) By Products: Walls, Columns and Beams, Roofs and Floors
3) By Application: Warehouses and industrial, Commercial, Infrastructure, Other Applications
Subsegments:
1) By Single-story: Industrial Buildings, Warehouses, Retail Spaces, Agricultural Buildings
2) By Multi-story: Commercial Offices, Residential Complexes, Institutional Buildings
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How is the pre-engineered buildings market defined?
Pre-engineered buildings refer to a metal structure with a factory-made structural frame containing a standard roof and wall support, assembled on site. Built-up parts are produced to exact sizes at the factory, then brought to the construction site and welded together. Pre-Engineered Buildings are extensively used for factories, community halls, parked sheds, Commercial showrooms, cold storage, stadiums, railway platforms, airports and others. They are also used in warehouses as they take less construction time and are cost-effective.
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