Pre engineered Building Market Report 2024 (Global Edition)

Global Pre engineered Building Market Report 2024 Market Size Split by Structure Outlook: (Single-story, Multi-storey), by Application Outlook: (Warehouses & industrial, Commercial, Infrastructure, Ot...

Pre engineered Building Market Report Description

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Pre engineered Building Market Insights Video

Competitive Landscape of the Pre engineered Building Market

In the Pre-engineered building (PEB) market is highly competitive, with leading players focusing on innovation, cost efficiency, and customization to gain an edge. Key companies include BlueScope Steel, Zamil Steel, Kirby Building Systems, and Nucor Corporation. These players emphasize sustainability, offering energy-efficient materials to meet eco-conscious demands. Growth in e-commerce, warehousing, and infrastructure projects has driven demand, particularly in Asia-Pacific and the Middle East, boosting competition..

In March 2023, EPAC Prefab inaugurated a new facility in HITEC City, Hyderabad, India. The facility features state-of-the-art amenities and is staffed with a team of skilled professionals prepared to fulfil Pre-Engineered Building needs. This expansion reflects EPAC Prefab's commitment to providing top-notch services and support to clients in the region. (Source: https://www.epack.in/news/epack-prefab-celebrates-groundbreaking-of-new-peb-manufacturing-plant-in-andhra-pradesh) In May 2023, EPAK Prefab, a provider of pre-engineered Building and construction solutions, completed the construction of industrial facilities spanning 3.2 million square feet, valued at approximately $24 million, for prominent automobile companies in India. The project encompasses Pre engineered Building and materials, demonstrating EPAC Prefab's expertise in delivering comprehensive solutions for industrial construction needs in the automotive sector. (Source: https://www.manufacturingtodayindia.com/epack-prefab-delivers-3-2-million-sqft-infrastructure-for-key-auto-manufacturers-in-india) In August 2022, APL Apollo unveiled its innovative Steel Building Solutions technology, aiming to revolutionize the construction industry. By inviting industry experts to share their insights and experiences with Tubular Technology, the company underscores its commitment to driving change and innovation. This technology represents a new approach ('NAYI-SOCH') to Building and construction, offering a range of heavy structural tubular products such as Apollo Column tubes. These products are recognized as integral components of Pre engineered Building (PEB), delivering faster project completion, superior quality, strength, cost-effectiveness, and eco-friendliness. (Source: https://www.businesswireindia.com/apl-apollo-launches-next-gen-steel-building-solutions-for-the-construction-industry-83598.html)

Top Companies Market Share in Pre engineered Building Industry: (In no particular order of Rank)

• JINDAL BUILDSYS LIMITED
• BlueScope Steel Limited
• Everest Industries Ltd
• Kirby Building Systems
• Lloyd Insulations
• Tiger Steel Engineering Ltd.
• Era Infra
• PEB Steel Buildings
• interact building products
• Tamil steel
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Pre engineered Building Market

Which Region Dominates the Pre engineered Building Market in 2024?

According to Cognitive Market Research, North America currently dominates the Pre engineered Building market, and the region is expected to have a rising demand for cost-effective, flexible, and sustainable construction solutions. The U.S. dominates this market, driven by the rapid expansion of sectors like warehousing, retail, and industrial facilities. PEBs are popular for their reduced construction time, lower costs, and versatility, making them ideal for applications in commercial and industrial settings. In Canada, increased investments in infrastructure and energy-efficient buildings further support PEB adoption. The market is also benefiting from technological advancements in materials and design, which enhance building durability and customization options.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to the increasing industrialization, urbanization, and infrastructure development. Countries like China, India, Japan, and Southeast Asian nations are adopting PEB solutions due to their cost-effectiveness, swift construction times, and durability. Industrial sectors, including manufacturing, warehousing, and logistics, are primary users of PEB structures, supported by government policies promoting green Building and sustainable construction practices. The rise of e-commerce and expansion of retail spaces also fuel demand for PEB warehouses and distribution centres.

The current report Scope analyzes Pre engineered Building Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Pre engineered Building

According to Cognitive Market Research, the global Pre engineered Building Market size was estimated at USD 18215.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 7286.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Pre engineered Building Market with a market size of USD 5748.72 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The U.S. market's rise in infrastructure projects, including warehouses, factories, and retail spaces, further boosts demand.
• The Canada Pre engineered Building Market had a market share of USD 874.33 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. Canada’s environmental considerations are playing a key role, as PEBs are often made from sustainable materials and are energy-efficient.
• The Mexico Pre engineered Building Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 663.03 million in 2024.

Europe Pre engineered Building

According to Cognitive Market Research, the global Pre engineered Building Market size was estimated at USD 18215.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 5464.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.

• The United Kingdom Pre engineered Building Market had a market share of USD 918.05 million in 2024 and is projected to grow at a CAGR of 10.1% during the forecast period. U.K.'s focus on reducing carbon footprints and the shift towards energy-efficient buildings supports the growth of PEBs, which often incorporate green building materials and techniques.
• The French Pre engineered Building Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 502.74 million in 2024.
• According to Cognitive Market Research, the German Pre engineered Building Market size was valued at USD 1081.98 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Germany increasingly focuses on sustainability, which aligns with PEBs' energy-efficient and environmentally friendly characteristics.
• The Italy Pre engineered Building Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 469.95 million in 2024.
• The Russian Pre engineered Building Market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 847.01 million in 2024.
• The Spain Pre engineered Building Market is projected to witness growth at a CAGR of 8.4% during the forecast period with a market size of USD 448.09 million in 2024
• The Luxembourg Pre engineered Building Market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 169.40 million in 2024.
• The Portugal Pre engineered Building Market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 114.76 million in 2024.
• The Greece Pre engineered Building Market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 65.57 million in 2024.
• The Rest of Europe's Pre engineered Building Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 847.01 million in 2024.

Asia Pacific Pre engineered Building

According to Cognitive Market Research, the global Pre engineered Building Market size was estimated at USD 18215.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4189.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Pre engineered Building Market size was valued at USD 1885.27 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. China’s push towards green building practices also promotes the adoption of PEBs as they offer energy-efficient designs and materials.
• The Japan Pre engineered Building Market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 578.15 million in 2024.
• The India Pre engineered Building Market had a market share of USD 502.74 million in 2024 and is projected to grow at a CAGR of 14.6% during the forecast period. India's Growing urbanization and the rise of e-commerce also fuel the need for modern storage and distribution facilities.
• The South Korean Pre engineered Building Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 418.95 million in 2024.
• The Australian Pre engineered Building Market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 217.85 million in 2024.
• The South East Asia Pre engineered Building Market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 289.08 million in 2024.
• The Rest of the Asia Pacific Pre engineered Building Market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 297.45 million in 2024.

South America Pre engineered Building

According to Cognitive Market Research, the global Pre engineered Building Market size was estimated at USD 18215.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 910.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Pre engineered Building Market size was valued at USD 389.81 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Pre engineered Building Government initiatives aimed at improving infrastructure and attracting foreign investments also contribute to the market's expansion.
• Argentina's Pre engineered Building Market had a market share of USD 153.01 million in 2024 and is projected to grow at a CAGR of 11.1% during the forecast period. Argentina's government initiatives supporting infrastructure development, such as new industrial parks and logistics hubs, are further fueling market demand.
• Colombia's Pre engineered Building Market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 81.06 million in 2024.
• Peru's Pre engineered Building Market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 74.68 million in 2024.
• Chile's Pre engineered Building Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 65.57 million in 2024.
• The Rest of Latin America's Pre engineered Building Market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 146.63 million in 2024.

Middle East and Africa Pre engineered Building

According to Cognitive Market Research, the global Pre engineered Building Market size was estimated at USD 18215.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 364.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031..

• The GCC Countries Pre engineered Building Market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 155.92 million in 2024. Pre engineered Building increasing adoption of green building materials and energy-efficient solutions is contributing to the growth of the PEB market in GCC countries.
• The Egypt Pre engineered Building Market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 38.25 million in 2024.
• The South Africa Pre engineered Building Market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 57.56 million in 2024. Pre-engineered Building flexibility in design, quicker turnaround times, and reduced labour requirements further contribute to the market's expansion..
• The Turkey Pre engineered Building Market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 31.33 million in 2024.
• The Nigeria Pre engineered Building Market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 38.25 million in 2024.
• The Rest of the MEA Pre engineered Building Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 42.99 million in 2024.

Pre engineered Building Market Analysis

Pre engineered Building Market Type Segment Analysis

According to Cognitive Market Research, Single-story Pre engineered Building are widely used in industries such as manufacturing, warehouses, retail stores, and distribution centres. These buildings are simpler to design, faster to erect, and cost-effective due to fewer structural complexities. Their large, uninterrupted floor plans make them ideal for facilities requiring open spaces, such as factories or logistics hubs. Single-story PEBs are also highly customizable, allowing flexibility in design to accommodate different functional needs.

The Multi-story Pre engineered Building are typically used for applications like office spaces, residential complexes, and commercial structures. These buildings are characterized by their ability to maximize land use by constructing multiple floors. While more complex in terms of design and construction compared to single-story buildings, multi-story PEBs still offer faster construction timelines and cost efficiencies over traditional buildings. They are increasingly popular in urban areas where space is limited and vertical construction is required.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Pre engineered Building Industry. Request a Free Sample PDF!

Pre engineered Building Market Application Segment Analysis

According to Cognitive Market Research, the Warehouses & Industrial dominate the PEB market due to the rising demand for cost-effective, durable, and fast-to-build structures in the manufacturing, logistics, and warehousing industries. PEBs in this category are favoured for their ability to be easily customized, offering large open spaces with high ceilings, ideal for storing goods and accommodating machinery. These structures provide efficient use of space and are built to withstand harsh environmental conditions. Additionally, warehouses and industrial PEBs reduce construction time and cost, making them attractive for businesses aiming to scale operations quickly.

In the Pre engineered Building Market, the commercial segment includes buildings like offices, retail spaces, and showrooms. PEBs in this category are gaining popularity due to their aesthetic appeal, flexibility, and fast construction times. These structures are designed to cater to the needs of businesses looking for high-quality, energy-efficient, and functional spaces. Commercial PEBs are increasingly used in urban areas for their cost-effectiveness and adaptability, providing a modern solution for offices and retail establishments.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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