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 forecast . The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global pre-engineered building market size will reach  US$ 15.8 Billion in 2023 . Looking forward, IMARC Group expects the market to reach  US$ 31.9 Billion by 2032 , exhibiting a  growth rate (CAGR) of 7.9%  during 2024-2032.

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Factors Affecting the Growth of the Pre-Engineered Building Industry:

  • Cost-Effectiveness and Time Efficiency :

Pre-engineered buildings are renowned for their cost-effectiveness and time efficiency, making them a preferred choice in the construction sector. The PEB system involves the mass production of building components in a factory setting, which significantly reduces the overall cost of materials and labor compared to traditional building methods. This production method also allows for economies of scale, further driving down costs. Additionally, PEBs require less on-site labor and reduced construction time, which is a critical factor in projects with tight deadlines. The efficiency of the PEB process reduces the overall construction timeline, enabling faster occupancy and return on investment, which is particularly appealing in commercial and industrial sectors where time is a crucial factor.

  • Flexibility and Customization:

The flexibility and customization options offered by pre-engineered buildings are significant drivers of their market growth. PEBs are highly adaptable and can be designed to meet specific requirements, making them suitable for a wide range of applications across various industries. This flexibility extends to both design and functionality, allowing for custom dimensions, shapes, and incorporation of unique architectural features. The modular nature of PEBs also enables easy expansion or modification in the future, which is a valuable attribute for businesses anticipating growth or changes in usage. The ability to customize buildings to meet specific needs, such as climate control, load-bearing capacities, and aesthetic preferences, enhances the appeal of PEBs.

  • Sustainability and Eco-Friendliness

Sustainability and eco-friendliness are increasingly important factors in the growth of the pre-engineered building market. PEBs are often constructed with recycled steel and other sustainable materials, reducing the environmental impact associated with new construction. The production process of PEBs is more controlled and generates less waste compared to traditional construction methods. Additionally, the energy efficiency of PEBs is another significant factor. These buildings can be designed with effective insulation, natural lighting, and ventilation systems, reducing the need for artificial heating, cooling, and lighting, thus minimizing energy consumption and operational costs.

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the 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 Report Segmentation:

Our report has categorized the market based on region, product and end-user.

By Product:

  • Concrete Structure 
  • Steel Structure
  • Civil Structure
  • Others

Steel structures dominate the pre-engineered building market due to their durability, flexibility in design, and cost-effectiveness in both production and maintenance.

By End User:

  • Industrial Sector
  • Commercial Sector
  • Infrastructure Sector
  • Residential Sector

The industrial sector is the largest end-user in the pre-engineered building market, primarily because of the growing demand for warehouses, factories, and distribution centers that require customizable and scalable building solutions.

Regional Insights:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Asia Pacific leads the pre-engineered building market regionally, driven by rapid industrialization, growing infrastructure investments, and the increasing adoption of sustainable building practices in countries, such as China and India.

Pre-Engineered Building Market Trends:

PEBs are predominantly manufactured in a factory setting, where the production process is highly controlled, leading to a reduction in waste and more efficient use of materials. This efficiency translates into lower costs compared to traditional construction methods. Additionally, the time taken to erect a pre-engineered building is considerably less. The components are fabricated and prepared for assembly before reaching the construction site, enabling quick and efficient installation. This time efficiency is crucial for businesses looking to commence operations quickly or for projects with tight deadlines, making PEBs an attractive option.

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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