New York, NY 12
June 2019: The global pre-engineered building market size
is expected to reach USD 34.18 billion by 2026, growing at a CAGR of 13.9%
during the forecast periods according to a new study published by Polaris
Market Research. The Report ‘Pre-engineered Building Market Share, Size,
Trends, & Industry Analysis Report [By Product (Steel Structure, Concrete
Structure, Civil Structure, Others); By End-User (Residential, Commercial,
Industrial, Infrastructure, Others) By Region]: Segment Forecast, 2019 –
2026’ provides a thorough and detailed analysis with an overview
of present trends and future insights. In 2018, the industrial segment
dominated the global pre-engineered building industry, in terms of revenue.
Asia-Pacific is expected to be the leading contributor to the global market
revenue during the forecast period.
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A
significant increase in disposable income, and construction & renovation of
residential buildings drive the growth of market. Increasing population,
growing urbanization, and industrialization has increased the demand for
pre-engineered building solutions across the globe. The rising demand for
warehouses owing to increasing penetration of e-commerce, and growing need to
reduce building time and costs, supports the pre-engineered building market
growth. The growing trend towards green buildings and use of sustainable
building material increases the adoption of pre-engineered building solutions.
The increasing investments in investment of smart buildings, and increasing
demand from industrial, automotive, and agriculture industries further
accelerate the market growth. Increasing demand in developing nations, and growth
in global construction industry is expected provide numerous growth
opportunities in the global pre-engineered building market during the forecast
period.
The
different components of pre-engineered buildings include primary frame,
secondary structural elements, roof and wall panels, panels, and other
elements. Primary frame includes an assembly of builtup I-Shaped steel members
consisting of trusses or castellated beams, whereas secondary structural
elements are cold formed members in different shapes. Roof & wall panels
include tin shades & curtain wall made of glass & roll-formed steel
sheets.
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Asia-Pacific
generated the highest revenue in the market in 2018, and is expected to lead
the global pre-engineered building market throughout the forecast period. The
growing construction sector and increasing disposable income drives the market
growth. The increasing need for time and cost effective building solutions,
along with increasing government investments in development of infrastructure
supports the market growth in the region.
The
well-known companies profiled in the pre-engineered building market report
include Kirby Building Systems, Zamil Steel, BlueScope Steel, PEB Steel
Buildings, Everest Industries, SML Group, Tiger Steel Engineering, Interarch
Building Products, Lloyd Insulations, Era Infra, Multicolor Steels, and Smith
Structures. These companies are consistently launching new products to enhance
their offerings in the global pre-engineered building industry. With the
advancement of technologies, companies are innovating and introducing new
customized products to cater the growing needs of the customers. Leading
companies are also acquiring other companies, and enhancing their product
offerings to improve their market reach. Acquisitions enable key players to
increase their market potential in terms of geographic expansion and expansion
of customer base.
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Polaris
Market Research has segmented the global Pre-engineered
building market on the basis of product type, end-use and region.
Pre-engineered
Building Product Outlook (Revenue, USD Million, 2015 – 2026)
Steel
Structure
Concrete
Structure
Civil
Structure
Others
Pre-engineered
Building End-Use Outlook (Revenue, USD Million, 2015 – 2026)
Residential
Commercial
Infrastructure
Industrial
Pre-engineered
Building Regional Outlook (Revenue, USD Million, 2015 – 2026)
North
America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest
of Europe
Asia-Pacific
China
India
Japan
Rest
of Asia-Pacific
Latin
America
Brazil
Rest
of Latin America
Middle
East and Africa
About
Polaris Market Research
Polaris
Market Research is a global market research and consulting company. We provide
unmatched quality of offerings to our clients present globally. The company
specializes in providing exceptional market intelligence and in-depth business
research services for our clientele spread across different enterprises. We at
Polaris are obliged to serve our diverse customer base in a wide range of
industries including healthcare, technology, semi-conductors and chemicals. We
strive to provide our clients with updated information on innovative
technologies, high growth markets, emerging business environments and the
latest business-centric applications, thereby helping them to make informed
decisions and leverage new opportunities.
Contact
us
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email:
sales@polarismarketresearch.com
Web:
www.polarismarketresearch.com







