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According to the latest study by IMARC Group, titled“ Pre-Engineered Building Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the global pre-engineered building market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global pre-engineered building market size reached US$ 15.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
Pre-engineered buildings (PEBs) are a revolutionary construction solution that involves the fabrication of building components off-site, under controlled plant conditions, before assembling them at the final location. This construction methodology is distinguished by its speed of delivery, cost-effectiveness, and flexibility in design. PEBs are primarily manufactured from steel, with components including frames, columns, beams, and sheeting, all of which are engineered and manufactured to fit together perfectly. The design process of PEBs is streamlined and efficient, utilizing advanced software that integrates structural engineering, detailing, and fabrication constraints. This integration allows for precise customization to meet specific customer requirements, architectural aesthetics, and compliance with local building codes. The result is a building system that is significantly lighter in weight, requires less material and offers superior structural integrity compared to conventional construction methods.
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Global Pre-Engineered Building Market Trends:
The increasing preference for these structures in various sectors, including industrial, commercial, and residential, is driving the global market. Pre-engineered buildings are designed by utilizing the best-suited inventory of raw materials available from all sources and manufacturing methods that can efficiently satisfy a wide range of structural and aesthetic design requirements. Moreover, the flexibility and adaptability of PEBs also contribute significantly to their growing market.
These structures are easily expandable, allowing for future extensions with minimal disruption. Their versatility makes them suitable for a wide range of applications, from small storage units to large manufacturing plants and even stylish commercial showrooms. The ability to customize designs to meet specific requirements while maintaining structural integrity and aesthetic appeal is a key market advantage.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Industry are Given Below:
BlueScope Steel Era Infra Everest Industries Interarch Building Products Jindal Buildsys Kirby Building Systems Lloyd Insulations PEB Steel Buildings Tiger Steel Engineering Zamil Steel Nucor
Key Market Segmentation:
Breakup by End-User:
Industrial Sector Commercial Sector Infrastructure Sector Residential Sector
Breakup by Product:
Concrete Structure Steel Structure Civil Structure Others
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook ( 2024-2032 ) COVID-19 Impact on the Market Porter's Five Forces Analysis Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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