2024 Trends and Global Discussions in the Pre-engineered Buildings Industry

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The pre-engineered buildings (PEB) industry is entering a phase of rapid evolution in 2024, spurred by advancements in technology and increasing demand for sustainable construction solutions. One of the key trends is the integration of smart building technologies into PEBs, which enhances energy efficiency, reduces operational costs, and improves overall building performance. The use of advanced materials, such as high-strength steel and innovative insulation products, is making PEBs more resilient and adaptable to diverse climatic conditions. Globally, discussions are focusing on the role of PEBs in promoting green construction practices, with an emphasis on reducing carbon footprints and improving resource efficiency. There is also a growing debate on the need for standardized codes and certifications to ensure quality and consistency in PEB construction across different regions. Additionally, the industry is seeing a surge in public-private partnerships aimed at addressing the housing and infrastructure needs in urban and rural areas. As the industry continues to innovate, PEBs are expected to play a crucial role in meeting the global demand for quick, cost-effective, and sustainable building solutions.

According to a new market research report, the "Pre-engineered Buildings Market by Structure (Single-story, Multi-story), Application (Warehouses & industrial, Infrastructure, Commercial), & Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) - Global Forecast to 2024", The pre-engineered buildings market is projected to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as rapid industrialization, growth in the infrastructural investments, an increase in the use of steel in building & construction, and rising demand for sustainable buildings drive the pre-engineered buildings market.

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Browse 86 Market data Tables, 27 Figures, 127 Pages and in-depth TOC on "Pre-engineered Buildings Market - Global Forecast"

This report also provides a comprehensive analysis of the companies listed below:

BlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India)

These players have adopted various growth strategies to expand their global presence and increase their market share. Factors such as the increasing demand for green buildings and need for reducing construction time and cost, along with the demand for lightweight building structure, drive the pre-engineered buildings market.

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The single-story segment is projected to dominate the global pre-engineered buildings market through 2024

The single-story segment is projected to account for the largest market share during the forecast period. The demand for single-story pre-engineered buildings is driven by their wide range of applications in the industrial sector (factories, workshops, warehouses, cold storages, steel mills, and assembly plants), the commercial sector (showrooms, supermarkets, offices, shopping centers, exhibition halls, restaurants, logistic centers, and multi-purpose buildings), public buildings (schools, hospitals, conference halls, laboratories, museums, and stadiums), and others (farms, utility centers, pump stations, aircraft hangers, and airport terminals).

Asia Pacific is projected to hold the largest share in the pre-engineered buildings market during the forecast period

Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The key factors driving the growth of the Asia Pacific pre-engineered buildings market are the growth in the residential and non-residential construction industry, huge investments in the infrastructural sector, and rapid industrialization in the developing countries of Asia Pacific. Furthermore, various benefits of these buildings, including time & cost efficiency and reduced environmental impact, as compared to cast-in-situ construction, are fueling the demand for these buildings in the developing countries of Asia Pacific.

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