Pre-engineered Buildings Market by Type (Columns & Beams, Walls, Roofs & Floors, and Others), Structure (Single-story and Multi-story), Material (Concrete, Aluminum, Steel, and Others), Application (Commercial, Residential, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global pre-engineered buildings market size was around USD 18.20 billion in 2021 and is estimated to reach USD 45.04 billion by 2030, expanding at a compound annual growth rate (CAGR) of around 12% during the forecast period, 2022 to 2030. The market growth is attributed to rapid urbanization and industrialization in developing countries such as China, Brazil, and India.
A pre-engineered building is referred to as a building structure that is engineered or manufactured in a factory and assembled on a construction site. Pre-engineered buildings are usually designed by either pre-engineered building suppliers or manufacturers using various materials such as steel, aluminum, and others. Pre-engineered buildings usually use steel structures. Different sections or components of pre-engineered structures are constructed off-site or in a factory, and then, transported and assembled at the construction site. Pre-engineered building components are easily customizable and are made to fit exact requirements. These types of buildings are generally used to build warehouses, metro stations, industrial buildings, bridges, factories, and others. Different components of pre-engineered buildings are primary frames, secondary structural elements, roofing and wall panels, sandwich panels, Pre-engineeredand accessories such as floors, bolts, insulations, and others. Adopting pre-engineering building technology helps with quality control and minimizing construction time. It aids in reducing construction cost and offer low maintenance. Pre-engineered buildings offer architectural flexibility and functional versatility.
COVID-19 Impact
The global outbreak of COVID-19 had a negative effect on the pre-engineered buildings market. The lockdown, social distancing policies, travel restrictions, and other regulations were imposed to curb the contagious COVID-19 infections. Increasing focus on essential products and services disrupted several industries across the globe. Lack of labor, unavailability of raw materials, and other pandemic-related government regulations interrupted global construction activities. The decrease in demand for construction activities led to a disruption in the supply chain across the globe, which affected the global pre-engineered buildings market adversely. However, the relaxation of pandemic-related restrictions in recent years is anticipated to boost construction activities around the world, which is expected to fuel the global pre-engineered buildings market growth in the forecast period.
Market Dynamics
The global pre-engineered buildings market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global pre-engineered buildings market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Trends:
Growing demand for warehouses is one of the current trends
Increasing penetration of the internet, growing adoption of smart devices, and rising inclination towards online shopping among consumers have resulted in surging availability of e-retailers across the globe. Rapid growth in the e-commerce industry increases the demand for warehouses, which drives the demand for pre-engineered building structures across the globe.
Key Drivers:
Favorable government initiatives boost the global pre-engineered buildings market
Increasing awareness regarding the environment has propelled governments across the globe to take initiatives toward the green building concept. Supportive government initiatives boost the adoption of pre-engineered buildings across the globe, as pre-engineered structures facilitate a reduction in greenhouse gas emissions.
Benefits of pre-engineered building structures drive the global market
Pre-engineered building components such as roofs, floors, frames, and others are easy to customize and are built off-site. These components are transported to the construction site when needed, which helps in reducing construction time drastically. A pre-engineered building technology is considered a cost-effective method of construction, which helps in the reduction of waste, greenhouse carbon emissions, and the cost of the overall construction. Increasing adoption of pre-engineered buildings in various industries spurs the global pre-engineered buildings market growth.
Existing Restraints:
Fluctuating raw material prices hamper the global market growth
Prices of raw materials such as steel change constantly, due to the limited supply of these raw materials as well as the market absorption capacity. These fluctuating prices are expected to hinder the growth of the global pre-engineered buildings market in the coming years.
Lack of skilled labor and advanced technologies hinder the global market growth
Pre-engineered building components need a skilled workforce to create high-quality building components. However, the scarcity of skilled labor, especially in developing or underdeveloped counties, restrains the pre-engineered buildings market growth. Lack of awareness regarding advanced technologies and lack of integration of those technologies hamper the market growth as well.
Emerging Opportunities:
Continuous research and development technologies offer growth opportunities to the market players
Increasing adoption of pre-engineered buildings across various industries for different applications such as residential buildings, warehouses, commercial buildings, and others leads to high demand for advanced and innovative pre-engineered building solutions. Continuous research and development activities in the pre-engineered buildings industry offer lucrative opportunities to the market players.
Scope of the Report
The global pre-engineered buildings market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Pre-engineered Buildings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2022–2030 |
Segmentation |
Type (Columns & Beams, Walls, Roofs & Floors, and Others), Structure (Single-story and Multi-story), Material (Concrete, Aluminum, Steel, and Others), and Application (Commercial, Residential, and Industrial) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Nucor Corporation; Stora Enso Oyj; Zamil Steel Holding Company Limited; BlueScope; Kirby Building Systems; Cornerstone Building Brands (NCI Building Systems, Inc.); Everest Industries Ltd.; Pennar Industries Limited; PEB Steel Buildings Co., Ltd.; ATCO LTD.; Lindab AB; Era Infra Engineering; Tiger Steel Engineering (I) Pvt. Ltd.; Nova Buildings Pte. Ltd.; Interarch Building Products Pvt. Ltd.; SML Group; Lloyd Insulations (India) Limited; Ardent Industries Ltd. (Steelway Building Systems); Phenix; Emirates Building System; Norsteel Buildings; Memaar Building Systems; and Others |
Market Segment Insights
Roofs & floors segment holds a significant market share
On the basis of type, the global pre-engineered buildings market into columns & beams, walls, roofs & floors, and others. The roofs & floors segment is expected to drive the global pre-engineered buildings market during the forecast period, as roofs and floors are considered key parts of pre-engineered buildings. Rising construction activities of commercial, residential, and industrial buildings across the globe increase the demand for pre-engineered roofs and floors. The pre-engineered roofs and floors help in reducing the construction time. Pre-engineered roofs and floors offer less maintenance and provide advanced designs. The high demand for prefabricated and customized roofs and floors that are constructed off-site spurs segment growth.
Single-story segment expands rapidly
Based on structure, the global pre-engineered buildings market is bifurcated into single-story and multi-story. The single-story segment is expected to hold a key market share during the forecast period, owing to increasing investments in industrial and commercial construction across the globe. The increasing population propels the demand for strong healthcare, educational, social, and recreational infrastructures, which spurs the demand for pre-engineered buildings. Single-story structures offer several benefits such as low price, easy maintenance, energy efficiency, architectural efficiency, and others that boost the demand for pre-engineered single-story buildings across the globe.
The multi-story segment is expected to register rapid growth in the coming years, owing to the increasing population and rapid urbanization across the globe. High demand for multi-story and equipped with smart devices and technology fuels the demand and adoption of pre-engineered buildings, especially in developed and developing countries.
Steel segment registers a significant market revenue share
In terms of material, the global pre-engineered buildings market is segregated into concrete, aluminum, steel, and others. The steel segment accounted for a large market share of around 50% in recent years and is expected to dominate the global pre-engineered buildings market during the forecast period. The adoption of steel in pre-engineered building components offers several benefits such as high-quality control, wastage reduction, and speeding up the construction process. Prefabricated steel plates are durable, resistant to severe weather conditions, and easy to maintain. Increasing usage of steel pre-engineered building components for roof extensions and other building renovations fuels the segment growth.
Industrial segment holds a key market share
On the basis of application, the global pre-engineered buildings market is divided into commercial, residential, and industrial. The industrial segment is projected to hold a large market revenue share during the forecast period, due to rapid growth in manufacturing, e-commerce, and logistics industries across the globe. The rapid expansion of these industries results in a growing demand for production plants, warehouses, factories, research & development centers, distribution centers, and others. This increases the demand and adoption of pre-engineered buildings in the industrial segment.
The commercial segment is estimated to register a significant CAGR in the coming years, owing to increasing government investments in infrastructure and commercial structures across the globe. Rising demand for airport terminal buildings, aircraft hangers, metro stations, highways, railway platforms, and others boost the commercial segment growth.
Asia Pacific to dominate the market
In terms of region, the global pre-engineered buildings market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The pre-engineered buildings market in Asia Pacific registers a high CAGR during the forecast period, owing to growing infrastructural development and increasing industrial construction in the region. Favorable government policies, availability of cheap labor, and trade liberalization are major factors, which boost the growth of the market in the region. The demand for pre-engineered buildings is increasing in counties such as China and India, due to rapid urbanization, growing population, increasing government investments, and rising disposable income. The steel industry in India has expanded at a high CAGR in recent years. These factors facilitate the expansion of the pre-engineered buildings market in Asia Pacific.
The pre-engineered buildings market in North America is estimated to expand at a rapid pace in the coming years, owing to increasing construction activities across the region. The presence of developed economies such as Canada and the US in the region boosts the demand and adoption of advanced and innovative technologies in the construction industry. The growing adoption of pre-engineered buildings across different applications for various industries such as agriculture, automotive, and others fuels the demand for pre-engineered buildings in North America. Continuous government investments in smart buildings across the region helps the expansion of the pre-engineered buildings market in North America.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pre-engineered Buildings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pre-engineered Buildings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pre-engineered Buildings Market - Supply Chain
4.5. Global Pre-engineered Buildings Market Forecast
4.5.1. Pre-engineered Buildings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pre-engineered Buildings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pre-engineered Buildings Market Absolute $ Opportunity
5. Global Pre-engineered Buildings Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Pre-engineered Buildings Market Size and Volume Forecast by Types
5.3.1. Columns & Beams
5.3.2. Walls
5.3.3. Roofs & Floors
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Pre-engineered Buildings Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Pre-engineered Buildings Market Size and Volume Forecast by Applications
6.3.1. Commercial
6.3.2. Residential
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Pre-engineered Buildings Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Pre-engineered Buildings Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Pre-engineered Buildings Demand Share Forecast, 2019-2026
8. North America Pre-engineered Buildings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Pre-engineered Buildings Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Pre-engineered Buildings Market Size and Volume Forecast by Types
8.4.1. Columns & Beams
8.4.2. Walls
8.4.3. Roofs & Floors
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Pre-engineered Buildings Market Size and Volume Forecast by Applications
8.7.1. Commercial
8.7.2. Residential
8.7.3. Industrial
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Pre-engineered Buildings Demand Share Forecast, 2019-2026
9. Latin America Pre-engineered Buildings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Pre-engineered Buildings Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Pre-engineered Buildings Market Size and Volume Forecast by Types
9.4.1. Columns & Beams
9.4.2. Walls
9.4.3. Roofs & Floors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Pre-engineered Buildings Market Size and Volume Forecast by Applications
9.7.1. Commercial
9.7.2. Residential
9.7.3. Industrial
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Pre-engineered Buildings Demand Share Forecast, 2019-2026
10. Europe Pre-engineered Buildings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Pre-engineered Buildings Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Pre-engineered Buildings Market Size and Volume Forecast by Types
10.4.1. Columns & Beams
10.4.2. Walls
10.4.3. Roofs & Floors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Pre-engineered Buildings Market Size and Volume Forecast by Applications
10.7.1. Commercial
10.7.2. Residential
10.7.3. Industrial
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Pre-engineered Buildings Demand Share Forecast, 2019-2026
11. Asia Pacific Pre-engineered Buildings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Pre-engineered Buildings Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Pre-engineered Buildings Market Size and Volume Forecast by Types
11.4.1. Columns & Beams
11.4.2. Walls
11.4.3. Roofs & Floors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Pre-engineered Buildings Market Size and Volume Forecast by Applications
11.7.1. Commercial
11.7.2. Residential
11.7.3. Industrial
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Pre-engineered Buildings Demand Share Forecast, 2019-2026
12. Middle East & Africa Pre-engineered Buildings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Pre-engineered Buildings Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Pre-engineered Buildings Market Size and Volume Forecast by Types
12.4.1. Columns & Beams
12.4.2. Walls
12.4.3. Roofs & Floors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Pre-engineered Buildings Market Size and Volume Forecast by Applications
12.7.1. Commercial
12.7.2. Residential
12.7.3. Industrial
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Pre-engineered Buildings Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Pre-engineered Buildings Market: Market Share Analysis
13.2. Pre-engineered Buildings Distributors and Customers
13.3. Pre-engineered Buildings Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Nucor Corporation
13.4.2. Stora Enso Oyj
13.4.3. Zamil Steel Holding Company Limited
13.4.4. BlueScope
13.4.5. Kirby Building Systems
13.4.6. Cornerstone Building Brands (NCI Building Systems, Inc.)
13.4.7. Everest Industries Ltd.
13.4.8. Pennar Industries Limited
13.4.9. PEB Steel Buildings Co., Ltd.
13.4.10. ATCO LTD.
13.4.11. Lindab AB
13.4.12. Era Infra Engineering
13.4.13. Tiger Steel Engineering (I) Pvt. Ltd.
13.4.14. Nova Buildings Pte. Ltd.
13.4.15. Interarch Building Products Pvt. Ltd.
13.4.16. SML Group
13.4.17. Lloyd Insulations (India) Limited
13.4.18. Ardent Industries Ltd. (Steelway Building Systems)
13.4.19. Phenix
13.4.20. Emirates Building System
13.4.21. Norsteel Buildings
13.4.22. Memaar Building Systems
13.4.23. Others