Pre-engineered Building Market, By Structure (Single-Story, Multi-Story), By Application (Warehouse

Published Date: | Report Code : MT1952256

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Increasing usage of the Pre-Engineered Building structure in making warehouse and industrial segments is expected to drive the growth of the pre-engineered building market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Due to the increasing demand for green buildings and the need for less construction time and costs along with demand for lightweight building systems, the pre-engineered buildings industry has been growing. During the forecast period, the single-story section is expected to lead the pre-engineered building market.  Single-story construction dominance is ascribed to its broad spectrum of applications, lower accessory requirements, and green construction alternative and cost-time advantages. Due to lower recognition and understanding of these structures in business and housing applications in underdeveloped and emerging nations, the multi-story section compensated for a lower percentage in the pre-engineered construction industry.

During the forecast period, the warehouse & industrial segment is expected to drive the market of the pre-engineered building. The use of pre-engineered warehousing structures provides several advantages over standard concrete stores, including price advantages, the faster yield on investment, faster assembly, easier servicing, stronger performance, and earthquake strength. Furthermore, this segment’s dominance is also backed by the growing supply for agricultural sector storage spaces and cold storage for the meat & drink and pharmaceutical industries.

Key Factors Impacting Market Growth:

  • Rapid Industrialization and Growth in Infrastructural Investment
  • Increase in the Use of Steel in Building and Construction Projects
  • Need for Reduced Construction Time and Cost and  for Lightweight Building Structure
  • Fluctuation in Raw Material Prices
  • Lack of Skilled Manpower and Awareness

Key Developments:

  • March 2019, Nucor Corporation scheduled to expand its manufacturing capability for steel plate by constructing a steel plate mill in Brandenburg, KY, USA. The business scheduled to invest USD 1.35 billion in the mill. The scheduled manufacturing capacity of this mill is 1.2 million tonnes per year of steel products. This is anticipated to reinforce the company’s portfolio of steel plate products, which is further anticipated to promote its pre-engineered building output, as steel plate is used as a raw material for pre-engineered building manufacturing.
  • August 2017, Zamil Steel Pre-engineered Building Company signed an agreement with Agility Kuwait to construct four air-conditioned stores in Mina Abdullah, Kuwait. This agreement was worth 6.7 million dollars. The firm would provide 4,600 metric tons of pre-engineered steel buildings and more than 100,000 square meters of sandwich panels under this agreement.
  • February 2016, Everest Industries constructed a 4.5-square ft. Exhibition Center, in India Mart Exhibition, Greater Noida, India, using pre-engineered buildings. 

Regional Outlook:

The pre-engineered building market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the pre-engineered market owing to a diversified application of it and competitive scenario. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the pre-engineered market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and increasing usage of it in different applications. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets.

Companies Covered: BlueScope Steel, Nucor Corporation, PEB Steel Buildings, Zamil Industrial, PEBS Pennar, ATCO, Kirby Building Systems, Mabini Steel, Phenix Construction Technologies, Everest industries… 

Market Segmentation:

By Structure:

  • Single-Story
  • Multi-Story

By Application:

  • Warehouse & Industrial
  • Infrastructure
  • Commercial
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Structure
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Structure
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Structure
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Structure
    • By Application
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Structure
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Structure
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the pre-engineered building market on a regional and global basis
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  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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