The latest report by IMARC Group, titled “Pre-Engineered Building Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the pre-engineered building market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global pre-engineered building market size reached USD 15.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 31.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
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Pre-Engineered Building Market Trends:
The global market is primarily driven by industrialization and urbanization across emerging economies. The cost-effectiveness and time efficiency associated with pre-engineered buildings make them a preferred choice over traditional construction methods. Moreover, the increasing adoption of sustainable and green building solutions aligns with the environmental regulations, thus driving market growth.
Furthermore, advancements in design technology and materials have enhanced the structural integrity and aesthetic appeal of PEBs. Additionally, the rising investment in infrastructure development projects globally has created substantial opportunities for market expansion. Besides, the growing awareness of the benefits of prefabricated structures in terms of energy efficiency and reduced waste generation supports market proliferation. The need for flexible and scalable construction solutions in commercial and industrial sectors also augments the market demand.
Pre-Engineered Building Market Scope and Growth Analysis:
The market scope is expanding due to the versatility of PEBs in accommodating diverse architectural designs and functionalities. Moreover, the integration of advanced technologies, such as building information modeling (BIM) and smart building solutions, into PEBs is a factor in broadening the market scope, providing enhanced operational efficiency and management. Additionally, the rising trend of modular construction, supported by a strong preference for off-site construction methods, further fuels market growth. The scope of the market is also widened by the increasing focus on reducing construction time and costs while maintaining high-quality standards.
Besides, the demand for PEBs in remote and difficult-to-access areas, where traditional construction is challenging, provides new avenues for market expansion. The market is also influenced by the ongoing global shift towards energy-efficient and sustainable building practices, which are increasingly being incorporated into PEB designs. Furthermore, strategic collaborations and partnerships among key market players to develop innovative and customized PEB solutions are enhancing the market’s scope and potential for future growth.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BlueScope Steel
- Era Infra
- Everest Industries
- Interarch Building Products
- Jindal Buildsys
- Kirby Building Systems
- Lloyd Insulations
- PEB Steel Buildings
- Tiger Steel Engineering
- Zamil Steel
- Nucor
Pre-Engineered Building Market Segmentation:
Our report has categorized the market based on region, product and end-user.
Breakup by Product:
- Concrete Structure
- Steel Structure
- Civil Structure
- Others
Breakup by End-User:
- Industrial Sector
- Commercial Sector
- Infrastructure Sector
- Residential Sector
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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