Pre-Engineered Buildings Market Share, Size, Trends, Industry Analysis Report, By Structure (Single Storey and Multi-Storey), By Material, By Application, By Region, Segments & Forecast, 2019 – 2032

Pre-Engineered Buildings Market Share, Size, Trends, Industry Analysis Report, By Structure (Single Storey and Multi-Storey), By Material, By Application, By Region, Segments & Forecast, 2019 – 2032

The global pre-engineered buildings market size is expected treach USD 47.72 billion by 2032, according ta new study by Polaris Market Research. The report “Pre-Engineered Buildings Market Share, Size, Trends, Industry Analysis Report, By Structure (Single Story and Multi-Story), By Material, By Application, By Region, Segments & Forecast, 2019 – 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Pre-Engineered Buildings is expected tgrow at the quickest rate over the forecast period owing trapid industrialization and urbanization in emerging economies, that increases the adoption of pre-engineered building solutions. The market's growth is further supported by the rising need for warehouses owing tthe rising penetration of e-commerce and the growing trend towards green buildings and use of sustainable building materials.

Pre-Engineered buildings (PEB) are metal enclosure structures made in a factory by a structural frame, standard roof, and wall support and are erected at the site. The complete designing of the building is done at the factory site, and the components are brought tthe site in the knock-down condition. Compared ttraditional infrastructures, the pre-engineered building offers many advantages, including reduced project construction time by about 50%, low cost, and easily expanded. Better quality controls need lower maintenance, energy-efficient roofing and wall systems, and architectural versatility.

For instance, Amazon has constructed many fulfillment centers using pre-engineered steel building systems. These buildings are designed tmaximize space and efficiency for the storage and distribution of products. The Tesla Gigafactory in Nevada, which produces electric vehicle batteries and components, was constructed using pre-engineered building systems. The building has a footprint of 1.9 million square feet and is one of the largest pre-engineered buildings in the world.

Some of the factors, expected tlimit the growth of pre-engineered buildings market includes lower thermal conductivity, vulnerability tcorrosion, and lack of fire resistance in pre-engineered buildings. Further, the market growth can be retarded by the fluctuating cost of raw materials and other demand-supply fluctuations constraints.

Report Highlights

The covid-19 pandemic had a negative impact on the pre-engineered buildings market owing tsevere disruptions in manufacturing and supply chain operations due tprecautionary lockdowns imposed by the government in various countries. In addition, the market was further hampered by the scarcity of migrant labor in construction sites and decreased demand for the real estate market among consumers during the pandemic.

The single story segment is anticipated taccount for largest market share in 2022. Major reasons can be attributed by increasing non-residential infrastructure such as healthcare, recreational, educational, and retail has increased the demand for single-story pre-engineered buildings.

The steel segment is accounted twitness the fastest CAGR in the forecasted period owing tmany advantages over traditional construction methods, including cost savings, quick construction time, durability, and versatility.

The strong consumer demand for various products has increased the growth of manufacturing, e-commerce, and logistics sectors over the last few years, supports the robust growth witnessed by warehouses and industrial segment.

Asia Pacific region is leading the market in terms of revenue share for the year 2022 and the coming years. The major factors for the region's growth are the upsurging demand for pre-engineered buildings from infrastructural development and non-residential construction in countries like China and India.

Polaris Market Research has segmented the Pre-Engineered Buildings Market report based on structure, material, application, and region:

Pre-Engineered Buildings Market, Structure Outlook (Revenue - USD Billion, 2019 - 2032)

Single-storey

Multi-storey

Pre-Engineered Buildings Market, Material Outlook (Revenue - USD Billion, 2019 - 2032)

Steel

Aluminium

Others

Pre-Engineered Buildings Market, Application Outlook (Revenue - USD Billion, 2019- 2032)

Commercial

Infrastructure

Residential

Warehouse and Industrial

Others

Pre-Engineered Buildings Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa Show more