Pre-engineered Buildings Market by Structure, Application

Description

List of Tables

[184 Pages Report] The Pre-engineered Buildings Market size was estimated at USD 17.14 billion in 2023 and expected to reach USD 18.70 billion in 2024, at a CAGR 10.33% to reach USD 34.11 billion by 2030.

The pre-engineered buildings (PEBs) market encompasses the sale and distribution of pre-fabricated or pre-engineered building components. These components are designed and manufactured in a factory setting, then assembled on-site to create structures that are durable, cost-effective, and customizable. This market serves a broad range of applications, including commercial, industrial, warehouse, and infrastructural facilities. PEBs are utilized in various sectors, demonstrating diverse applications in commercial buildings (retail stores, office buildings), industrial facilities (factories, warehouses), infrastructural projects (airports, railway stations), and recreational structures (stadiums, arenas). The growth of the pre-engineered buildings market is influenced by several factors, including burgeoning industrialization coupled with rising investment in infrastructure, growing demand for sustainable lightweight buildings, and rising use of steel and highly recycled content in construction. However, the expansion of PEBs is hindered by the low thermal resistivity of pre-engineered buildings, the high susceptibility of pre-engineered buildings to corrosion, and fluctuations in steel prices. On the other hand, the emerging popularity of pre-engineered buildings toward green development, increasing demand for warehouses with the rise in e-commerce globally, the growing trend for eco-friendly and sustainable building practices, expanding acceptance of modular and hybrid structures, and integration of IoT and smart technology in building management systems presents potential opportunities for the PEBs market.

KEY MARKET STATISTICS
Base Year [2023]	USD 17.14 billion
Estimated Year [2024]	USD 18.70 billion
Forecast Year [2030]	USD 34.11 billion
CAGR (%)	10.33%

Structure: Increasing preference for single-story pre-engineered buildings for their quick construction and cost-effectiveness

Multi-story pre-engineered buildings are structures that consist of multiple floors or levels. They are designed to support various applications, such as offices, residential apartments, hotels, and shopping malls. The construction of these buildings leverages modular components that are often fabricated offsite, which allows for rapid assembly and reduced construction times. Businesses and developers prefer multi-story pre-engineered buildings requiring high-density construction within limited urban land spaces. This approach is also favored in scenarios where the rental yields and property values are substantially higher for vertical development. Single-story pre-engineered buildings typically consist of one-floor levels and are widely used in applications such as warehouses, manufacturing facilities, and showrooms. Their design prioritizes simplicity and functionality, enabling spacious interiors with high ceilings that facilitate the operation of heavy machinery and the storage of extensive inventories. These structures are preferred for industrial and warehouse purposes due to their quick construction and cost-effectiveness. Single-story buildings allow for easy expansion and adaptability to accommodate the changing needs of businesses. They are especially suitable where larger floor plates are needed without the constraints of internal columns. Compared to multi-story pre-engineered buildings, single-story buildings are simpler, faster to erect, and cost-efficient for large spaces.

Application: Expanding application of pre-engineered buildings in warehouses and industrial facilities to support heavy machinery

In the commercial sector, pre-engineered buildings serve various functions, including retail spaces, office complexes, and entertainment facilities. The preference for PEBs in commercial applications derives from their cost efficiency, reduced construction time, and flexibility in design. Clients often demand aesthetic appeal and functionality when it comes to commercial structures. Infrastructure-based pre-engineered buildings primarily include bridges, railway platforms, airports, and utility services facilities. These applications require PEBs to adhere to stringent safety standards and durability due to their public utility nature. Clients prioritize the longevity and strength of the construction in infrastructure projects. Warehouses and industrial facilities form a significant portion of the pre-engineered buildings market. These structures are mainly evaluated based on their functionality, space optimization, and ability to support heavy machinery and storage systems. Clients in this sector prioritize structural integrity, ease of maintenance, and expandability. Commercial PEBs emphasize aesthetics and modularity as business owners seek to attract customers and adapt to rapid market changes. Infrastructure-focused PEBs value safety and durability due to their public service role and the higher impact of environmental stresses. Meanwhile, warehouses and industrial PEBs are optimized for functional performance, maximizing storage capacity, and facilitating industrial operations.

Regional Insights

The pre-engineered buildings (PEB) market in the Americas, especially in the United States and Canada, is characterized by high demand for cost-effective and time-saving construction solutions. Rising concerns over environmental sustainability have pushed the PEB industry to innovate with green building materials and methods. Initiatives such as the LEED certification by the U.S. Green Building Council highlight this trend. Investment in non-residential construction, influenced by urbanization and industrial development, continues to grow and stimulates market expansion. South America is noticing a trend toward adopting pre-engineered buildings, especially in Brazil and Argentina, driven by economic development and industrialization. EU countries exhibit a cautious approach towards PEBs, emphasizing compliance with stringent building codes and standards. Customers in this region prioritize durability, design flexibility, and environmental impact. Research and development in Europe are often referred to as improving the energy efficiency of buildings and integrating smart building technologies. The PEB market in the Middle East is driven by rapid infrastructural development and industrial diversification efforts. Countries, including Saudi Arabia, UAE, and Qatar, are investing significantly in construction projects for economic growth beyond the oil industry. Africa presents a high-growth potential for the PEB market, considering its infrastructure deficit and ongoing industrialization. The APAC region is witnessing considerable growth in the pre-engineered buildings market, owing to the significant industrialization in India, China, and Japan. The manufacturing sector's expansion and government initiatives for infrastructure development substantially foster the demand for these constructions. Moreover, the need to shorten project timelines drives the adoption of pre-engineered buildings in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Pre-engineered Buildings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pre-engineered Buildings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Pre-engineered Buildings Market, highlighting leading vendors and their innovative profiles. These include Allied Steel Buildings, Inc., Astron Buildings S.A., Atad Steel Structure Corporation, ATCO Ltd., BlueScope Steel Limited, Cornerstone Building Brands, Inc., Emirates Building Systems Co., LLC, Everest Industries Ltd., Jindal Prefab, John Reid & Sons (Strucsteel) Ltd., Kirby Building Systems, Lloyd Insulations (India) Limited, Mabani Steel LLC, Memaar Building Systems FZC, Norsteel Buildings, Nucor Corporation, PEB Steel Buildings Co., Ltd., Pennar Industries Limited, Phenix Construction Technologies, Qingdao Stable Steel Structure Co., Ltd., Renier Construction Corp., Rigid Global Buildings, LLC., Saxena Marine Tech (P) Ltd., Shandong Jiren Building Materials Co., Ltd., Smith Structures (India) Pvt. Ltd., Steelway Building Systems, Tiger Steel Engineering India, Volta Green Structures, and Zamil Steel Holding Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Pre-engineered Buildings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Structure
- Multi-story
- Single-story

Application
- Commercial
- Infrastructure
- Warehouses & Industrial

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Pre-engineered Buildings Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pre-engineered Buildings Market?

3. What are the technology trends and regulatory frameworks in the Pre-engineered Buildings Market?

4. What is the market share of the leading vendors in the Pre-engineered Buildings Market?

5. Which modes and strategic moves are suitable for entering the Pre-engineered Buildings Market?

Product Code: MRR-721CB20FE6FB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Burgeoning Industrialization Coupled with Rising Investment in Infrastructure
  - 5.1.1.2. Growing Demand for Sustainable Lightweight Buildings
  - 5.1.1.3. Rising Use of Steel and Highly Recycled Content in Construction
- 5.1.2. Restraints
  - 5.1.2.1. Low Thermal Resistivity of Pre-Engineered Buildings
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Popularity of Pre-Engineered Buildings Toward Green Development
  - 5.1.3.2. Growing Demand for Warehouses with Rise in E-Commerce Globally
- 5.1.4. Challenges
  - 5.1.4.1. High Susceptibility of Pre-Engineered Buildings to Corrosion
5.2. Market Segmentation Analysis
- 5.2.1. Structure: Increasing preference for single-story pre-engineered buildings for their quick construction and cost-effectiveness
- 5.2.2. Application: Expanding application of pre-engineered buildings in warehouses and industrial facilities to support heavy machinery
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Pre-engineered Buildings Market, by Structure

6.1. Introduction
6.2. Multi-story
6.3. Single-story

7. Pre-engineered Buildings Market, by Application

7.1. Introduction
7.2. Commercial
7.3. Infrastructure
7.4. Warehouses & Industrial

8. Americas Pre-engineered Buildings Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Pre-engineered Buildings Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Pre-engineered Buildings Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Ambassador Supply acquires Ideal Steel
- 11.3.2. EPACK PREFAB constructs pre-engineered facilities for automobile firms

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio