Evolve Business Intelligence has published a research report on the Global Pre-Engineered Buildings Market, 2023–2033. The global Pre-Engineered Buildings Market is projected to exhibit a CAGR of around 11.85% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Pre-Engineered Buildings Market: Bluescope, Zamil Steel Holding Company, Kirby Building Systems, Nucor Corporation, NCI Building Systems, Lindab Group, Everest Industries, PEB Steel, John Reid & Sons and ATCO.
More Information: https://evolvebi.com/report/pre-engineered-buildings-market-analysis/
Market Highlights
The Global Pre-Engineered Buildings Market is projected to be valued at USD 31.24 Billion by 2033, recording a CAGR of around 11.85% during the forecast period. The Pre-Engineered Buildings (PEB) Market refers to the sector focused on the design, manufacturing, and installation of pre-engineered buildings. These buildings are constructed using a pre-designed set of materials and components, typically made of steel, which are fabricated in a factory and then assembled on-site.
The PEB market is continuously evolving with advancements in technology and materials, driving the development of more efficient and innovative building solutions.
The COVID-19 pandemic had a significant impact on the Pre-Engineered Buildings (PEB) Market. The pandemic caused disruptions in the supply of raw materials, such as steel, due to factory shutdowns and transportation restrictions. Global and local transportation faced delays, affecting the delivery of pre-engineered components and materials. Lockdowns and social distancing measures led to the suspension of many construction projects, delaying the installation of PEBs. Restrictions on movement and health concerns affected the availability of labor, slowing down construction and assembly processes. There was an increased demand for temporary structures, such as field hospitals and quarantine centers, which could be rapidly deployed using PEB technology. The pandemic accelerated the adoption of digital tools and technologies in the construction industry, including Building Information Modeling (BIM) and remote project management, which can enhance the efficiency of PEB projects. The focus on sustainability and green building practices gained prominence, with PEBs being seen as a more sustainable and efficient building option.
Segmental Analysis
The global Pre-Engineered Buildings Market has been segmented based on Structure and Application.
Based on Structure, the Pre-Engineered Buildings Market is segmented into Single-story, Multi-story and Others. The Single-story segment is anticipated to dominate the market.
Based on Application, the global Pre-Engineered Buildings Market has been divided into Warehouses & Industrial, Infrastructure, Commercial and Others. The Warehouses & Industrial segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/pre-engineered-buildings-market-analysis/
Regional Analysis
The Pre-Engineered Buildings Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. The North American PEB market is well-established, with significant demand driven by industrial, commercial, and warehouse applications. Urbanization, industrial expansion, and the focus on sustainable construction practices contribute to market growth and there is increasing interest in energy-efficient and environmentally friendly building solutions, including smart PEBs with integrated technologies. Europe has a mature PEB market with a strong focus on sustainability and green building practices. There is a growing emphasis on innovative and sustainable construction methods, including the use of advanced materials and energy-efficient designs. The Asia-Pacific region is experiencing rapid growth in the PEB market, driven by rapid urbanization and industrialization. There is a significant focus on expanding industrial facilities, commercial spaces, and logistics infrastructure. Emerging markets in countries like India, China, and Southeast Asia are key growth areas. The PEB market in Latin America is growing, with a focus on industrial and commercial applications. There is an increasing interest in cost-effective and durable building solutions, with a focus on infrastructure development and industrial expansion. The PEB market in the Middle East and Africa is expanding, driven by infrastructure projects and industrial growth. The region is seeing growth in the construction of warehouses, commercial buildings, and temporary structures. There is also a focus on sustainable and energy-efficient building solutions.
