Pre-Engineered Buildings

Global Pre-Engineered Buildings Market Size, Share & Trends Analysis Report by Product Type (Aluminum, Steel, and Others) and by Application (Residential Buildings, Commercial Buildings, and Industrial Buildings) and Forecast, 2019-2025 Pre-engineered buildings are growing on the backdrop of modern off-site construction techniques. Pre-engineered buildings are the off-site factory-built buildings that are transported and assembled together at the predestined location. Favorable government initiatives along with the increasing demand for green buildings has fostered the demand for pre-engineered buildings. The gradual shift towards pre-engineered buildings due to the lower energy consumption during and post-construction is another major factor fueling the market growth. Moreover, the increasing consumer demand for cost-effective and low time-consuming engineered structures is accentuating the market share of pre-engineered buildings. Furthermore, the e-commerce industry is gaining huge traction, which is surging the demand for warehouses; resulting in the increased market share of pre-engineered buildings in industrial sector. The growing investment from foreign investors in industrial construction projects may provide an opportunity to market players to tap into the emerging economies, such as India, Brazil, and South Africa, among others.
The pre-engineered building market is segmented on the basis of product type and application. Based on product type, the market is classified into aluminum, steel, and others. Steel structures are expected to register significant growth in the market during the forecast period. This is owing to the rising demand for green buildings and light-weight structures. Based on the application, the market is segmented into residential buildings, commercial buildings, and industrial buildings. Among applications, the industrial buildings segment is expected to register significant growth in the market during the forecast period. Increasing e-commerce has led to the rising demand for warehouses for storage purposes, which in turn, is propelling the industrial construction activities across the globe.
Geographically, the global pre-engineered building market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America contributes a significant share in the global pre-engineered buildings market, owing to the increasing construction projects along with high government initiatives for green buildings has fueled the demand for pre-engineered buildings in the region. Moreover, the strong economic growth in the region is supporting the commercial construction activities, which in turn, is marking a growth opportunity for the market in North America.
The key players operating in the global pre-engineered buildings market include BlueScope Steel Ltd., Astron Buildings S.A., Everest Industries, Cornerstone Building Brands, Nucor Building System, and Zamil Steel Pre-Engineered Buildings Co. Ltd. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in February 2018, Everest Steel Building Solutions, the Pre-Engineered Building division of Everest Industries Ltd., has launched technical manual on a pre-engineered building. The manual is expected to serve as a guide for design engineers, architects, and project managers.
Research Methodology
The market study of the global pre-engineered buildings market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
The report is intended for construction material manufacturers and suppliers for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Global Pre-Engineered Buildings Market Research and Analysis by Product Type
2. Global Pre-Engineered Buildings Market Research and Analysis by Application
The Report Covers:
• Comprehensive research methodology of the global pre-engineered buildings market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global pre-engineered buildings market.
• Insights about market determinants which are stimulating the global pre-engineered buildings market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.