Pre-engineered Buildings Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The pre-engineered buildings market share is expected to increase by USD 2.73 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.76%.

This pre-engineered buildings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pre-engineered buildings market segmentations by end-user (industrial, infrastructure, commercial, and residential) and geography (APAC, North America, Europe, MEA, and South America). The pre-engineered buildings market report also offers information on several market vendors, including ATCO Ltd., Cornerstone Building Brands Inc., Everest Industries Ltd., Interarch Building Products Pvt. Ltd., Lindab AB, Nucor Corp., PEB Steel Buildings Co. Ltd., Pennar Industries Ltd., Tata BlueScope Steel Pvt. Ltd., and Zamil Industrial Investment Co. among others.

What will the Pre-engineered Buildings Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pre-engineered Buildings Market Size for the Forecast Period and Other Important Statistics

 

Pre-engineered Buildings Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and after the post-COVID-19 era. The increasing demand for warehouses is notably driving the pre-engineered buildings market growth, although factors such as volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pre-engineered buildings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pre-engineered Buildings Market Driver

One of the key factors driving the pre-engineered buildings market is the increasing demand for warehouses. The demand for warehouses is increasing with the rise in e-commerce businesses across the globe. In 2020, US online retail sales increased by more than 44%, as compared to 2019, which represents an 80%-90% increase in the demand for warehouses. The growing dependency of customers on online services and e-commerce businesses has driven the one-day or same-day last-mile delivery services. This has led to the construction of new warehouses in densely populated areas to maintain fast-reacting supply chains that can deliver products quickly to consumers. Furthermore, the construction of traditional warehouses is cost-intensive and time-consuming, and the selection of the location for setting up a large warehouse is a major concern. Therefore, PEBs are used for building new-generation warehouses. Therefore, the growth in e-retailing and e-commerce businesses will drive the demand for warehouses across the globe, which will fuel the growth of the global pre-engineered buildings market during the forecast period.

Key Pre-engineered Buildings Market Trend

Growing consumption of secondary steel is another factor supporting the pre-engineered buildings market growth in the forecast period. Steel is a readily available material, which is used in fabricating PEBs. Different components and accessories of PEBs, such as sliding doors, panels, beams, roofs, and walls, are all made of steel. Owing to the increasing awareness about the environment, secondary steel, which is recycled from steel scrap and deconstructed steel structures, is extensively used in constructing different steel products, including different components and parts of PEBs. Moreover, traditional construction materials, such as wood, concrete, and masonry, produce an enormous amount of waste, which is hard to recycle. In contrast, steel can be easily recycled without any loss of strength. Recycling steel helps in reducing CO2 emissions. The production of secondary steel also lowers air pollution and requires a lesser amount of energy and water as compared to that required for producing galvanized steel from iron ore. Therefore, the trending need for developing cost-effective solutions and increasing awareness about the environment are expected to fuel the consumption of secondary steel for the construction of PEB components.

Key Pre-engineered Buildings Market Challenge

Volatile prices of raw materials will be a major challenge for the pre-engineered buildings market during the forecast period. PEBs are steel structures made of high-quality galvanized steel. Steel is an alloy of iron, which is produced from iron ore using an electric arc furnace or a blast furnace. The prices of base metal commodities, including iron, have witnessed sharp fluctuations in the past few years. The volatility in raw material prices has resulted in the fluctuation of steel prices. In the first quarter of 2021, The World Bank Group reported a 96% surge in iron ore prices compared with the prices in 2019, primarily because of disruptions in mining operations due to the COVID-19 pandemic. Furthermore, the disruptions have resulted in fluctuations in iron ore prices, which have negatively affected the prices of steel. Therefore, the volatile prices of raw materials are challenging the operation of steel producing companies, which is likely to hamper the growth of the market in focus during the forecast period.

This pre-engineered buildings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global pre-engineered buildings market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pre-engineered buildings market during the forecast period.

Who are the Major Pre-engineered Buildings Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ATCO Ltd.
• Cornerstone Building Brands Inc.
• Everest Industries Ltd.
• Interarch Building Products Pvt. Ltd.
• Lindab AB
• Nucor Corp.
• PEB Steel Buildings Co. Ltd.
• Pennar Industries Ltd.
• Tata BlueScope Steel Pvt. Ltd.
• Zamil Industrial Investment Co.

 

This statistical study of the pre-engineered buildings market encompasses successful business strategies deployed by the key vendors. The pre-engineered buildings market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• ATCO Ltd. - The company provides a variety of contemporary pre-engineered metal buildings for different customer specifications.
• Tata BlueScope Steel Pvt. Ltd. - The company provides building and framing, building components, building additions, and building accessories as part of their pre-engineered building solutions.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pre-engineered buildings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pre-engineered Buildings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pre-engineered buildings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Pre-engineered Buildings Market?

For more insights on the market share of various regions Request for a FREE sample now!

49% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for pre-engineered buildings in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth in construction activities in the industrial, commercial, and residential sectors will facilitate the pre-engineered buildings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region had led to a decline in the growth of the PEBs market. Initiatives by governments in the region to support the residential construction industry by offering affordable housing or lowering loan rates are expected to boost the growth of the PEBs market in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Pre-engineered Buildings Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The pre-engineered buildings market share growth by the industrial segment will be significant during the forecast period. In the industrial sector, PEBs are used for constructing large structures, such as power plants, warehouses, workshops, factories, cold storage, assembly plants, and steel mills. PEBs are gradually gaining popularity and acceptance in the industrial sector. The global industrial sector is expected to grow significantly owing to the increase in demand for warehouses, workshops, and ports, specifically from the automobile, aerospace, and chemical industries. Therefore, the growth of the industrial sector will drive the demand for PEBs across the world during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pre-engineered buildings market size and actionable market insights on post COVID-19 impact on each segment.

 

Pre-engineered Buildings Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3.76%
Market growth 2021-2025	$ 2.73 billion
Market structure	Fragmented
YoY growth (%)	3.10
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 49%
Key consumer countries	China, US, India, Canada, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ATCO Ltd., Cornerstone Building Brands Inc., Everest Industries Ltd., Interarch Building Products Pvt. Ltd., Lindab AB, Nucor Corp., PEB Steel Buildings Co. Ltd., Pennar Industries Ltd., Tata BlueScope Steel Pvt. Ltd., and Zamil Industrial Investment Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Pre-engineered Buildings Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive pre-engineered buildings market growth during the next five years
• Precise estimation of the pre-engineered buildings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pre-engineered buildings industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pre-engineered buildings market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch