The Global Pre-Engineered Buildings Market size is expected to reach $38.7 billion by 2031, rising at a market growth of 10.1% CAGR during the forecast period.
The Asia-Pacific region is experiencing rapid urbanization, with millions moving from rural areas to urban centers in search of better economic opportunities. Thus, the Asia-Pacific region acquired 40.4% revenue share in the market 2023. This urbanization trend has increased demand for commercial, industrial, and residential infrastructure, driving the construction sector’s growth. PEBs offer cost-effective and efficient building solutions that cater to the needs of rapidly growing urban populations, making them a preferred choice for developers and investors in the region.
Modular construction methods involve prefabricating building components off-site in controlled factory environments. This off-site manufacturing process allows for simultaneous construction and fabrication, significantly reducing project timelines compared to traditional on-site construction methods.
Additionally, PEBs are designed using standardized components and systems that streamline manufacturing and construction. This standardization reduces cost by lowering design complexity, minimizing material waste, and maximizing manufacturing efficiency.
However, PEB construction requires specialized skills in welding, steel fabrication, structural engineering, and assembly techniques. However, a shortage of skilled laborers proficient in these skills makes finding qualified personnel for PEB projects challenging. Thus, skilled labor shortages are impeding the growth of the market.
The Asia-Pacific region is experiencing rapid urbanization, with millions moving from rural areas to urban centers in search of better economic opportunities. Thus, the Asia-Pacific region acquired 40.4% revenue share in the market 2023. This urbanization trend has increased demand for commercial, industrial, and residential infrastructure, driving the construction sector’s growth. PEBs offer cost-effective and efficient building solutions that cater to the needs of rapidly growing urban populations, making them a preferred choice for developers and investors in the region.
Modular construction methods involve prefabricating building components off-site in controlled factory environments. This off-site manufacturing process allows for simultaneous construction and fabrication, significantly reducing project timelines compared to traditional on-site construction methods.
Additionally, PEBs are designed using standardized components and systems that streamline manufacturing and construction. This standardization reduces cost by lowering design complexity, minimizing material waste, and maximizing manufacturing efficiency.
However, PEB construction requires specialized skills in welding, steel fabrication, structural engineering, and assembly techniques. However, a shortage of skilled laborers proficient in these skills makes finding qualified personnel for PEB projects challenging. Thus, skilled labor shortages are impeding the growth of the market.
Driving and Restraining Factors
Drivers- Increasing modular construction trends
- Cost efficiency of pre-engineered buildings
- Expansion of the construction industry worldwide
- Skilled labor shortages
- Quality control concerns
- Reduced construction time
- Rising offshore and marine construction
- Competition from traditional construction methods
- Transportation and logistical challenges
Application Outlook
On the basis of application, the pre-engineered buildings market is segmented into commercial and industrial. The commercial segment recorded 57.7% revenue share in the pre-engineered buildings market in 2023. Commercial buildings often have diverse design requirements to accommodate various functions, layouts, and branding elements.Structure Outlook
Based on structure, the market is divided into multi-story and single-story. The multi-story segment acquired 39.3% revenue share in the market in 2023. The growing emphasis on sustainability and green building practices has increased the demand for PEBs in the multi-story segment.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 24.3% revenue share in the market. Europe is at the forefront of renewable energy development, with significant investments in wind, solar, and other renewable energy projects.List of Key Companies Profiled
- Interarch Building Products Pvt. Ltd.
- Zamil Steel Holding Company Limited (Zamil industrial investment co.)
- Tiger Steel Engineering LLC
- Everest Industries Limited (Falak Investment Pvt. Ltd.)
- BlueScope Steel Limited
- Lloyd Insulations India Limited
- Kirby Building Systems (Alghanim Industries)
- Emirates Building Systems Co LLC (Dubai Investments PJSC)
- Mabani Steel LLC (Al Rajhi Holding Group)
- ATCO Ltd. (Sentgraf Enterprises Ltd.)
Market Report Segmentation
By Structure- Single-Story
- Multi-Story
- Commercial
- Industrial
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Pre-Engineered Buildings Market by Structure
Chapter 5. Global Pre-Engineered Buildings Market by Application
Chapter 6. Global Pre-Engineered Buildings Market by Region
Chapter 7. Company Profiles
Companies Mentioned
- Interarch Building Products Pvt. Ltd.
- Zamil Steel Holding Company Limited (Zamil industrial investment co.)
- Tiger Steel Engineering LLC
- Everest Industries Limited (Falak Investment Pvt. Ltd.)
- BlueScope Steel Limited
- Lloyd Insulations India Limited
- Kirby Building Systems (Alghanim Industries)
- Emirates Building Systems Co LLC (Dubai Investments PJSC)
- Mabani Steel LLC (Al Rajhi Holding Group)
- ATCO Ltd. (Sentgraf Enterprises Ltd.)
Methodology
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