Categories: Market Research

Pre-Engineered Buildings Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The pre-engineered buildings market size has grown strongly in recent years. It will grow from $17.56 billion in 2023 to $18.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. 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 $25.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. 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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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the pre-engineered buildings market in 2023. 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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Major Driver Impacting Market Growth
The increase in the adoption of pre-engineered buildings for offices significantly contributes to the growth of the pre-engineered buildings market. Due to rapid urbanization and economic growth in developing countries, various firms seek faster and more cost-effective ways to construct their office space. Pre-engineered buildings are sought for their cost-effectiveness and speedy construction. According to Future buildings, a Canada-based company that manufactures prefabricated steel buildings, the number of firms that use prefabricated steel structures grows every year. Steel structures account for 75%-80% of new commercial and corporate construction. Therefore, an increase in the adoption of pre-engineered buildings is expected to propel the growth of the pre-engineered buildings market.

Key Industry Players
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.

The pre-engineered buildings market report table of contents includes:

1. Executive Summary

2. Pre-Engineered Buildings Market Characteristics

3. Pre-Engineered Buildings Market Trends And Strategies

4. Pre-Engineered Buildings Market – Macro Economic Scenario

5. Global Pre-Engineered Buildings Market Size and Growth

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31. Global Pre-Engineered Buildings Market Competitive Benchmarking

32. Global Pre-Engineered Buildings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Pre-Engineered Buildings Market

34. Pre-Engineered Buildings Market Future Outlook and Potential Analysis

35. Appendix