Mar 02, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Pre-engineered Buildings Market.
It was estimated prior to this unanticipated outbreak that the Pre-engineered Buildings Market is likely to witness an impressive CAGR of 10.5% during the forecast period. The prime factor that is contributing to the demand for pre-engineered buildings is the rapidly growing industrialization and urbanization in developing countries such as India, China, and Brazil.
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Pre-engineered Buildings are designed by PEB manufacturers or suppliers so as to fabricate them by utilizing the best suited inventory of raw materials available from multiple sources and diverse manufacturing methods that can efficiently address a wide range of aesthetic design and structural requirements.
Pre-engineered Buildings are of different types, such single-story and multi-story, that are used in various end-use industries, such as warehouses & industrial, infrastructure, and commercial.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the structure type, the market is segmented as single-story and multi-story. The single-story segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. The infrastructural, logistics, and industrial construction investments are driving the growth of this segment. Furthermore, the lower price of single-story buildings and the benefits of creating large open spaces which are efficient, offering easy maintenance, architectural flexibility, support the demand for single-story pre-engineered buildings.
Based on the end-use industry type, the pre-engineered buildings market is segmented as warehouses & industrial, infrastructure, and commercial. The warehouses & industrial industry segment dominates the market. Further, the manufacturing, logistics, and e-commerce sectors are propelling the growth of the segment during the forecast period.
By Region, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for pre-engineered buildings during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as warehouses & industrial, infrastructure, and commercial, which is generating huge demand for pre-engineered buildings and the presence of a large number of pre-engineered building manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Pre-engineered Buildings market are-
- BlueScope Steel
- Everest Industries
- Kirby Building Systems
- Lindab Group
- NCI Building Systems
- Nucor Corporation
- PEBS Pennar
- PEB Steel Buildings
- Zamil Steel Holding Company
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Pre-engineered Buildings analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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