January 09, 2021
According to the market research report titled ‘Global Pre-Engineered Buildings Market Analysis, 2020’ available with Market Study Report LLC, global pre-engineered buildings market is slated to expand with a noteworthy compound annual growth rate of 10% during 2020-2025.
Factors such as rapid urbanization as well as migration, flourishing warehousing vertical, escalating demand for pre-engineered buildings, and growing population across the globe are augmenting the expansion of global pre-engineered buildings market.
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Beneficial attributes such as affordability and low maintenance requirements are impelling the demand for pre-engineered buildings in South East Asia, India, and China, thereby stimulating the overall market outlook.
Further, surging demand for quick installation of warehouses, increasing efforts towards the establishment of green buildings, and rising utilization of e-commerce platforms are positively swaying the business dynamics.
Based on material type, global pre-engineered buildings market is segmented into aluminum, steel, and others. With regards to product landscape, the industry is divided into roof & floors, columns & beams, walls, and others.
Moving on to structure, the overall business is categorized into multiple storey and single storey. The application spectrum of the industry comprises of industrial, commercial, and residential.
From a regional point of view, Middle East & Africa and Asia-Pacific are estimated to emerge as major growth avenues for the overall market during 2020-2025, owing to rising adoption of warehousing, increasing housing requirements of migrants, and growing focus towards reducing carbon footprint.
Leading companies that formulate the competitive dashboard of worldwide pre-engineered buildings market are Jindal Buildsys Limited, Lindab GmbH, Nucor Corporation, ATCO Ltd., PEBS Pennar, PEB Steel Buildings, Everest Industries Limited, Sika AG, NCI Building Systems, Inc., Zamil Steel Holding Company Limited, and BlueScope Steel Limited.