Global Pre-Engineered Building Market to Grow at 9.8% During 2023-2028, Spurred by Increasing Off-Site Construction Activities

June 27, 2019 | Chemical & Materials

According to the latest study by IMARC Group, titled “Pre-Engineered Building Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global pre-engineered building market size reached US$ 14.5 Billion in 2022. Pre-engineered buildings are engineered at factories and are further assembled at site. They are made up of primary steel frames, secondary structural elements, roof, wall panels and bolts which are manufactured at the factory. These frames are then cut to the exact size and bolted together to be transported to the site for assembling. These buildings are cheap to construct, fast to erect and can be easily dismantled. They not only minimize the time required for construction but also need little to no maintenance. This makes them an ideal solution for industrial and warehouse purposes. These structures can also be reused by moving them to a different location. Consequently, these buildings are widely utilized in the construction of distribution centers, retail stores, motels, sports arenas and office complexes.

Global Pre-Engineered Building Market Trends:

A significant increase in off-site construction activities is one of the major factors driving the growth of the pre-engineered building market. Since these buildings are constructed under controlled conditions, their production reduces labor costs and provides shorter build time. Moreover, the thriving e-commerce industry is continually boosting the demand for warehouses and storehouses. This, along with rapid industrialization in both the emerging and developed countries, is catalyzing the growth of the market. Furthermore, rising environmental concerns have led a majority of the population to make a shift toward eco-friendly and energy efficient technologies. The advent of pre-engineered green buildings is expected to further create a positive outlook for the market. On account of the aforementioned factors, the market is expected to grow at a CAGR of 9.8% during 2023-2028.


Market Summary:

  • On the basis of the product, the market has been divided into concrete structure, steel structure, civil structure and others. Amongst these, steel structure represents the most preferred segment.
  • Based on the end-user, the industrial sector holds the dominant market share, exhibiting a clear dominance in the market. Other major segments include commercial sector, infrastructure sector and residential sector.
  • On the geographical front, Asia Pacific holds the leading position in the market, accounting for a majority of the total market share. Other major regions include Europe, North America, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market. These include BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering, Zamil Steel and Nucor.


Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering, Zamil Steel and Nucor
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
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Global Pre-Engineered Building Market to Grow at 9.8% During 2023-2028, Spurred by Increasing Off-Site Construction Activities
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