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Pre-engineered Buildings Market Size

Report ID: GMI7547
Published Date: Nov 2023
Report Format: PDF

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Pre-engineered Buildings Market Size

Pre-Engineered Buildings Market was valued at USD 19.2 billion in 2022 and is projected to exhibit a 10.5% CAGR from 2023 to 2032. Surging investments in sustainable building practices are propelling the market growth. As industries and individuals prioritize eco-friendly construction, these buildings, known for their efficiency and environmental benefits, are gaining traction. These structures enable faster & more resource-efficient construction, aligning with the global push for sustainability in the building sector and contributing to the increasing demand for pre-engineered building solutions.

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The pre-engineered buildings industry is witnessing growth due to the increasing demand from the industrial sector. Industries prefer PEBs for their cost-effectiveness, rapid construction, and flexibility to accommodate diverse operational needs.

Pre-engineered Buildings Market Report Attributes
Report Attribute	Details
Base Year:	2022
Pre-engineered Buildings Market Size in 2022:	USD 19.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10.5%
2032 Value Projection:	USD 51.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	269
Segments covered:	Material Type, Structure, Application
Growth Drivers:	Rapid development in industrial infrastructural Growing popularity of sustainable construction Increasing demand for green buildings Surging demand for reduced construction time and costs
Pitfalls & Challenges:	Fluctuations in raw material prices

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The pre-engineered buildings market is impeded by a lack of skilled labor. The specialized nature of their construction requires trained professionals for design, fabrication, and assembly. A shortage of skilled workers can result in delays, increased costs, and potential quality issues. Addressing this challenge involves investments in training programs and promoting educational initiatives to build an expert workforce capable of efficiently delivering high-quality PEB projects.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pre-engineered buildings was worth USD 19.2 billion in 2022 and is expected to register over 10.5% CAGR from 2023 to 2032, due to the surging investments in sustainable building practices worldwide.

The single-story structure segment held 60% share of the pre-engineered buildings industry in 2022 and is expected to register appreciable CAGR from 2023 to 2032, due to benefits, such as versatility and cost-effectiveness.

North America held over 25% share of the pre-engineered buildings industry in 2022 and is expected to register commendable CAGR up to 2032, due to the expanding industrial and commercial sectors in the region.

Astron, ATCO Ltd., BlueScope Steel Ltd, Cornerstone Building Brands, Inc., Everest Industries, Interarch Building Products Pvt. Ltd, Nucor Corporation, PEBS Pennar, Zamil Steel Building, and PEBS Pennar are some of the major pre-engineered buildings companies worldwide.