A pre-engineered building is a type of enclosing system for a structure. It encompasses the structure of the building, as well as the wall covering and roof. It is built by pre-engineered building manufacturers to meet the needs of the client by employing the best-suited raw material inventory. Rigid frames, plate steel, roof beams, and columns make up the structural systems. Reduced construction time, single-source responsibility, energy-efficient roofing and wall systems, architectural variety, cheaper cost, quality control, minimal maintenance, huge clear spans, and expansion flexibility are just a few of its advantages.
MARKET SCOPE
The "Global Pre-engineered Buildings Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pre-engineered buildings market with detailed market segmentation by offering, end-use, and geography. The report provides key statistics on the market status of the leading pre-engineered buildings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on offering, the global pre-engineered buildings market is segmented into concrete based, steel based, modular systems and others.
- On the basis of end-use, the market is segmented into residential buildings, commercial buildings and industrial buildings.
MARKET DYNAMICS
Drivers:
- The rapid growth of the pre-engineered building market is fueled by increasing industrialization and urbanization in developing nations such as India, China, and Brazil.
- Furthermore, due to a surge in investment industries, there is a significant need for the development of commercial complexes, buildings, and workshops.
- Moreover, increase in population and growth in urbanization creates the need for pre-engineered buildings.
Restraints:
- However, disadvantages of these structures such as decreased fire resistance, heat resistance, corrosion susceptibility, and others are likely to hinder the expansion of the pre-engineered buildings market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The pre-engineered buildings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pre-engineered buildings market in these regions.
IMPACT OF COVID-19 ON PRE-ENGINEERED BUILDINGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the pre-engineered buildings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from pre-engineered buildings market are anticipated to lucrative growth opportunities in the future with the rising demand for pre-engineered buildings in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pre-engineered buildings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ATCO LTD.
- Astron Buildings S.A.
- ATAD Steel Structure Corporation
- Cornerstone Building Brands
- Pennar Industries Limited
- Everest Industries
- Kirby Building Systems
- Norsteel Buildings
- PEB Steel Buildings Co., Ltd
- Tata BlueScope Steel