Pre-Engineered Buildings Global Market Report 2024

Pre-engineered buildings are metal structures with a factory-made structural frame, featuring a standard roof and wall support that are assembled on-site. The built-up components are manufactured to precise sizes in a factory, transported to the construction site, and then welded together.

Pre-engineered buildings find extensive applications in various settings such as factories, community halls, parking sheds, commercial showrooms, cold storage facilities, stadiums, railway platforms, airports, and more. They are particularly favored in warehouses due to their efficiency in construction time and cost-effectiveness. The main structures of pre-engineered buildings can be categorized as single-story or multi-story. Single-story pre-engineered buildings refer to those with only one floor or level. The key components used in the construction of these buildings include walls, columns, beams, roofs, and floors. Pre-engineered buildings are widely employed in warehouses, commercial industries, and various infrastructure projects.

The pre-engineered buildings market research report is one of a series of new reports that provides pre-engineered buildings market statistics, including pre-engineered buildings industry global market size, regional shares, competitors with a pre-engineered buildings market share, detailed pre-engineered buildings market segments, market trends and opportunities and any further data you may need to thrive in the pre-engineered buildings industry. This pre-engineered buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pre-engineered buildings market size has grown strongly in recent years. It will grow from $17.56 billion in 2023 to $18.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several factors, including the expansion of the construction and industrial sectors, a demand for cost-effective and time-efficient construction methods, the growth of urbanization and infrastructure development, the adoption of sustainable and green building practices, and the establishment of regulatory standards emphasizing building safety.

The pre-engineered buildings market size is expected to see strong growth in the next few years. It will grow to $25.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to several factors, including the development of customized pre-engineered building solutions, the expansion of prefab and off-site construction practices, innovation in energy-efficient and net-zero buildings, increased utilization in residential and affordable housing projects, and the integration of automation and IoT (Internet of Things) in building design. Major trends expected in the forecast period encompass the rise of smart and connected pre-engineered buildings, a focus on regulatory compliance in building safety and codes, the development of flexible and adaptable building designs, the provision of personalized building solutions for various industries, and an emphasis on transparency in building materials and sourcing.

The growth of the pre-engineered buildings market is significantly driven by the increased adoption of pre-engineered buildings for office spaces. Rapid urbanization and economic growth in developing countries have led firms to seek cost-effective and expeditious methods for constructing office spaces, making pre-engineered buildings an attractive choice. Future Buildings, a Canada-based company specializing in prefabricated steel buildings, reports a consistent yearly increase in the number of firms utilizing prefabricated steel structures, which now constitute 75%-80% of new commercial and corporate construction. Consequently, the surge in the adoption of pre-engineered buildings is poised to fuel the growth of the pre-engineered buildings market.

The pre-engineered buildings market is expected to experience growth due to the rising adoption of off-site construction methods. Off-site construction involves planning, designing, fabricating, assembling, and finishing project elements away from their final installation site, providing benefits such as reduced construction time, lower costs, and enhanced sustainability. With the construction industry actively seeking faster and more innovative approaches to meet escalating demand, pre-engineered buildings, characterized by modular and prefabricated components, are positioned to play a pivotal role. According to the Offsite Construction Market Report: UK 2021–2025 by AMA Research, the off-site housing buildings market witnessed growth in 2021, reflecting increased industry confidence, capacity, and quality. Consequently, the increasing adoption of off-site construction is expected to drive the growth of the pre-engineered building market.

A notable trend in the pre-engineered buildings market is the emphasis on green building practices. Companies are prioritizing the creation of pre-engineered green buildings to contribute to sustainable development. Green buildings consider the environmental impact of construction, lifetime, and eventual removal by utilizing eco-friendly materials, ensuring energy efficiency, implementing innovative designs, and fostering a healthy interior environment. Pre-engineered structures incorporate a significant amount of recycled materials, employ sustainable construction techniques, and boast shorter construction times compared to traditional structures. The rising prevalence of green building certifications, such as Leadership in Energy and Environmental Design (LEED) by the United States Green Building Council (USGBC), exemplifies the increasing importance of sustainability in the pre-engineered buildings market.

Major companies in the pre-engineered buildings sector are actively pursuing strategic partnerships to expand their market presence and meet customer demands for high-quality pre-engineered metal buildings. Strategic partnerships involve leveraging complementary strengths and resources for mutual benefits. For instance, Federal Steel Systems, a US-based commercial metal building company, announced a strategic partnership with National Builders, Inc., a US-based commercial engineering and construction company specializing in regional authorized builders. This collaboration allows Federal Steel Systems to broaden its clientele, while National Builders will oversee various aspects of the building process, including design, orders, site development, erection, and fit-out, as a regional builder for Federal Steel Systems.

In February 2021, Saint-Gobain, a Germany-based construction material manufacturing company, acquired Brüggemann for an undisclosed amount. This strategic acquisition combines Saint-Gobain's position as a global leader in building solutions and a pioneer in the digitalization of the construction sector with Brüggemann's expertise in engineered wood and prefabricated solutions. Brüggemann, a Germany-based manufacturer of pre-engineered solutions, complements Saint-Gobain's goals in advancing construction methodologies.

Major companies operating in the pre-engineered buildings market include Jindal Buildsys Limited, Lloyd Insulations (India) Limited, Interarch Building Products Pvt. Ltd., Tiger Steel Engineering (I) Pvt. Ltd. (TSEIL), BlueScope Steel Limited, Modular Engineering Co., Enerpan Building Systems Ltd., Johnson Bros. Roll Forming Co., Flexospan Steel Buildings Inc., Panel Built Inc., DENIOS Inc., Easi-Set Buildings, Vistamation Inc., Rhino Steel Building Systems Inc., Butler Buildings, Armstrong Metal Building Manufacturers, Duro Steel Buildings, Future Buildings, Worldwide Steel Buildings, Kirby Building Systems, Nucor Building Systems, American Buildings Company, Varco Pruden Buildings, Chief Buildings, Star Building Systems, Ceco Building Systems, Metallic Building Company, Rigid Global Buildings, Olympia Steel Buildings, Heritage Building Systems, Behlen Building Systems, Steel Building Garages, SteelMaster Buildings, General Steel Buildings, Mueller Inc.

Asia-Pacific was the largest region in the pre-engineered buildings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pre-engineered buildings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the pre-engineered buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The pre-engineered buildings market consists of sales of frames, systems and other components for building structures. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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