Pre-Engineered Buildings Market To Reach USD 32.97 Billion By 2027 | Reports and Data

(MENAFN- EIN Presswire) Pre-Engineered Buildings Market Size – USD 13.85 Billion in 2019, Pre-Engineered Buildings Market Growth - CAGR of 11.2%

NEW YORK CITY, NEW YORK, UNITED STATES, March 27, 2020 / EINPresswire.com / -- The Global Pre-Engineered Buildings Market is forecast to reach USD 32.97 Billion by 2027, according to a new report by Reports and Data. The increasing construction activities across the globe, coupled with the rising population and changing lifestyles, are propelling the growth of the market. Rapid urbanization will also drive the demand for pre-engineered buildings during the forecast period. Construction Industry is a booming industry and is expected to remain the same with the continuation of the development process, especially in developing countries.

Click to get a SAMPLE PDF (Including Full TOC, Table & Figures) @ https://www.reportsanddata.com/sample-enquiry-form/1816

The pre-engineered buildings are a cost-saving method of construction. For instance, the use of standard seam roofs, instead of membrane-style roofs can significantly reduce the expenses involved. The use of sheeting can also further drive down the cost. As the materials and designs are pre-engineered, the erection of buildings is quicker and more efficient than a conventional structure.

Further key findings from the report suggest
•Among the materials, steel accounted for the largest market share of over 31% in the year 2019 and is expected to grow further with a CAGR of 11.9% during the forecast period. Steel buildings consist of a metal roofing system, supported by a structural steel framing system, and the wall panels of different materials. The walls are generally made from non-load bearing and provide a space free from obstruction by inferior columns. Pre-engineered steel buildings are generally engineered to specific dimensions, taking into account all relevant building regulatory, environmental factors, and potential load issues.
•The single-storey structures accounted for a larger market share of nearly 59% in the year 2019. Single-storey structures are typically used for factories, workshops, industrial, warehouses, and retail and leisure.
•The multi-storey structures are anticipated to witness a higher growth rate of 12.5% during the forecast period. The growth of multi-storey structures is attributed to its demand from the commercial sector. The tangible benefits of multi-storey structures include the ability to provide efficient circulation space, column-free floor spans, integration of building services, and the influence of the site and local access conditions on the construction process.
•The Asia Pacific region held the largest market share of around 31% in the year 2019 and is anticipated to witness the highest CAGR of 12.2% during the forecast period. Increased construction & infrastructure spending in emerging economies, including China and India, are majorly escalating the demand for pre-engineered buildings. Moreover, the growing transportation, logistics, and tourism industries in the region have led to an increased demand for warehouses, power plants, laboratories, restaurants, and others, which positively impacts the market growth.
•Key participants include Kirby Building Systems, BlueScope Steel, Zamil Steel, PEB Steel Buildings, Everest Industries, Era Infra, Jindal Buildsys, Interarch Building Products, Multicolor Steels, Lloyd Insulations, SML Group, PEBS Pennar, and Tiger Steel Engineering, among others.
•The leading companies have adopted various strategies, including mergers, acquisitions, and partnerships, to hold ongoing trails and come up with new developments in the market.

Buy your Exclusive copy Now @ https://www.reportsanddata.com/checkout-form/1816

For this report, Reports and Data has segmented into the global pre-engineered buildings market on the basis of building type, material, end-user, and region:

Building Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
•Single-storey
•Multi-storey

Material Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
•Concrete
•Steel
•Aluminum
•Others

End-User Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
•Industrial
•Commercial
•Infrastructure
•Residential

Regional Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
•North America
oU.S.
•Europe
oU.K.
oFrance
•Asia Pacific
oChina
oIndia
oJapan
•Middle East & Africa
•Latin America
oBrazil

Browse the Complete Report Description and Full TOC@ https://www.reportsanddata.com/report-detail/pre-engineered-buildings-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail:

John Watson
Reports and Data
+12127101370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

MENAFN2703202000703196ID1099922970