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Global Pre-engineered Buildings Market Insight January 18, 2022 Comments

The pre-engineered buildings is forecast to crazy over the next few years. According to WK-chem Research,“Global Pre-engineered Buildings Professional Survey Report 2022, Forecast to 2027”, The Pre-engineered Buildings industry is growing rapidly Due to the development of industrialization and urbanization in developing countries.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 14.5% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Some of the advantages of pre-engineered buildings should not be overlooked, such as its versatility, low cost and flexibility for expansion. With the gradual increase in the use of pre-engineered buildings, there will be more and more market players participating. pre-engineered buildings The market remains lucrative over the forecast perio.” said Eva Joy, Senior analyst,Chemical & Materia Market Research Center in WK-chem Research.

Market insight:

pre-engineered buildings are designed by pre-engineered building manufacturers using the most suitable stock of raw materials according to customer requirements. Various reasons have contributed to the expansion of the prefab construction industry market, firstly, the government promotes the concept of green building, the steel and high recycled content of prefab construction help reduce greenhouse gas emissions without causing any waste. Moreover, the construction of these structures does not require water and also avoids the use of bricks and cement. Secondly, in recent years, due to the vigorous development of industrialization and urbanization in developing countries such as India, China and Brazil, the growth of the prefab construction market has been greatly promoted. Third, the demand for commercial complexes, buildings and plant construction is high due to the increase in investment industries.
However, some disadvantages of prefab construction, such as reduced fire resistance, thermal resistivity, susceptibility to corrosion, etc., are expected to hinder the growth of the prefab construction market, which needs the attention of market players.

Competition Landscape:

Key market players profiled in the report include BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering and Zamil Steel.
Key players operating in the global market have adopted key strategies such as product development, acquisitions, and business expansion to enhance their market expansion and maintain fierce competition in the market. For example, in January 2019, India-based Pennar Engineered Building Systems Limited constructed an 18-story commercial building and a 6-story school building in India. Nova Buildings has acquired BlueScope’s ASEAN prefab construction business in Vietnam, in an acquisition designed to strengthen BlueScope’s prefab construction business in Southeast Asia.
Segmentation of Pre-engineered Buildings Market:

On the basis of structure type, the market is segmented into single-layer and multi-layer. The single-layer segment accounted for a larger market share in 2020 and is expected to maintain its dominance over the forecast period. Investments in infrastructure, logistics and industrial construction are driving growth in this segment. In addition, the lower price of single-story buildings and the benefits of creating large open spaces that are efficient, easy to maintain, and architecturally flexible, support the demand for single-story prefab buildings.
On the basis of end-use industry type, the prefab construction market is segmented into warehouse and industrial, infrastructure and commercial. The warehouse and industrial sectors dominate the market owing to the development of the retail industry of e-commerce.

Pre-engineered Buildings Market: Regional Analysis:

In terms of regions, the global prefab construction industry is segmented into North America, Europe, Asia Pacific, and Latin America. Asia Pacific is expected to be the largest and fastest growing prefab construction market during the forecast period, with China, Japan, India and Australia being the key countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries such as warehouse and industrial, infrastructure and commercial, which has created a huge demand for pre-engineered construction and the presence of a large number of pre-engineered construction manufacturers in the Asia Pacific region. North America and Europe are also expected to provide substantial growth opportunities over the forecast period.

 

Cagr:14.5%
Largest share area:Asia Pacific
Largest share country:China and India
Product Type(by 结构类型): Monolayer and Multilayer
Application: Warehouse and Industry, Infrastructure and Commercial
Leading Company:BlueScope Steel、Era Infra、Everest Industries、Interarch Building Products、Jindal Buildsys