Pre-engineered Building 2019 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2025

Pre-engineered Building Industry Overview

The global pre-engineered building market size was anticipated at USD 9.73 billion in 2017. It is estimated to register a CAGR of 15.5% over the forecast period.

An increase in construction spending by most governments coupled with an upswing in the demand for fast track constructions in Asia Pacific, particularly in China and India, has driven the PEB market over the past few years.

The market is expected to witness significant growth on account of increasing awareness regarding modern off-site construction techniques. In addition, rising demand for green buildings globally has resulted in shifting focus from traditional steel buildings to PEB, which consumes lesser energy during and post construction.

Gather more insights about the market drivers, restrains and growth of the Pre-engineered Building Market

Off-site construction consistently provides high standards in terms of strength and cost efficiency as compared to traditional on-site construction. Moreover, it offers benefits such as shorter build time, controlled build environment, and low labor cost, thereby propelling the off-site construction industry. Growth in the off-site construction industry is likely to fuel the demand for pre-engineered structures.

Fluctuating steel prices coupled with low market penetration in various emerging economies are poised to hamper market growth. In addition, unavailability of skilled labor and advanced technologies in a few regions are projected to restrict the growth of the market over the forecast period.

Primary market players are actively involved in innovation, R&D activities, gaining new expertise in steel structures, upgrading products according to revised regulations, and overall project management. Companies are also involved in customization of offered products in order to consolidate their position in the global arena.

Major factors impacting competitive environment include execution management issues and financing terms, pre-qualification criteria, customer service, safety, reliability, pricing, ability to control costs, product quality and features, innovation and product development time, and cost of raw materials.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global pre-engineered building market report on the basis of application and region:

• Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Commercial buildings
  • Industrial buildings
• Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Russia
  • Rest of Europe
    • France
    • Germany
    • The U.K.
  • China
  • Japan
  • Rest of Asia Pacific
    • India
    • Pakistan
    • South Korea
    • Australia
    • New Zealand
    • Indonesia
    • Thailand
  • Central & South America
    • Brazil
  • Middle East
    • A.E.
    • Oman
    • Jordan
    • Kuwait
    • Lebanon
    • Saudi Arabia

Pre-engineered Building (PEB) Market Share Insights

The major players operating in the industry are companies providing construction services including Jindal Buildsys, Lloyd Insulations, Interarch Building Products Pvt. Ltd., and Tiger Steel Engineering (I) Pvt. Ltd. (TSEIL). The companies are involved in customization of offered products in order to stay ahead in the market.

Significant factors impacting the competitive environment are execution management issues and financing terms, pre-qualification criteria, customer service, safety, reliability, pricing, ability to control costs, product quality and features, innovation and product development time, and cost of raw materials.

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