Pre-engineered Building Market Projected to Surpass a Valuation of USD 30019.92548 million by 2030

Overview:

pre-engineered buildings market size was valued at USD 10597.9 million in 2021. The Pre-engineered Buildings market industry is projected to grow from USD 12071.0081 million in 2022 to USD 30019.92548 million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.90% during the forecast period (2022 - 2030). 

The market growth will be driven by e-retailers constructing warehouses. Based on the Research Report, the construction of industrial and residential buildings will accelerate growth in the market till 2028. Although the fluctuating prices of raw materials will have a negative impact on the Global Pre-Engineered Buildings Market’s Growth during this period. Shrinking research and development budgets is predicted to be a key challenge which could become a strong threat from 2021 to 2028 to companies. The market report published by expert analysts includes primary and secondary data and suggests that material, product, and application segments are anticipated to witness tremendous growth till 2028. Factors such as rapid urbanization will become key growth drivers during the forecast period and factory-built fabricated structures using raw materials is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by dynamic policies and regulations which could negatively affect activities taking place across the market. The lack of awareness is another challenge the market could face till 2025.

Market Segmentation:

The Pre-Engineered Buildings Market is segregated into different market segments based on Material, Product, and Application. For a comprehensive analysis of the market, the material, product, and application segments are further split into smaller segments. The material segment is categorized into steel, aluminum, and others and others. Furthermore, based on product, the global market is also segmented into walls, columns & beams, roof & floors, and others. Based on the market segmentation analysis, the report covers market forecasts. On the basis of application, the global market is split into sub segments including residential, commercial, and industrial.

The need for the development of new smart cities will support the market growth from 2019 to 2025. As per the market research report, the global market for Pre-Engineered Buildings is anticipated to grow at a healthy rate across all the material, product, and application segments. However, the presence of active threats such as the growing preference of consumers towards alternative solutions could hamper the market growth. Business activities across real estate have also been examined and studied by real estate industry’s experienced analysts. The Pre-Engineered Buildings Market Research Report covers findings with predictions and forecasts till 2025.

Regional Overview:

The Pre-Engineered Buildings Market, with its product and service-related segments, is spread across the world. Real estate based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The increasing demand from manufacturers across different sectors is anticipated to be a major factor for growth across the real estate space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The real estate sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Real estate-based businesses in these regional markets are anticipated to grow due to the booming construction industry during the forecast period 2019 to 2025. Although the market’s growth could be affected by growing concerns related to the cost. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape:

Real estate-based organizations are profiled in the market research report. The Pre-Engineered Buildings Market along with companies and segments have been studied. The analysis of real estate-based business is also done to identify key challenges and strengths of these companies. The Global Pre-Engineered Buildings Market Research Report covers SWOT analysis, Porter’s Five Force analysis of major real estate related organizations. The strategy and other key details of these companies for the forecast period 2019 to 2025 are covered in the report. The rising demand from different industry verticals is anticipated to support the market growth as the market is set to grow at a CAGR of 8.5% and reach a value of US$177.12 billion by 2025.

Industry News:

BlueScope Buildings' main fabrication assets in Bien Hoa District, Dong Nai Province, Vietnam, have been acquired by Nova Buildings Company. This fabrication facility, about 30 kilometres from Ho Chi Minh City, is expected to open in the new year, led by key organisational team members who previously operated BlueScope Buildings facilities. Nova Buildings will use the plant as a primary production centre for pre-engineered construction supply in Southeast Asia. Nova Buildings is a concrete, building materials, pre-engineered buildings, and international construction services company created by a group of seasoned and experienced management from BlueScope.

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