The global pre-engineered buildings market size is expected to reach USD 47.72 billion by 2032, according to a new study by Polaris Market Research. The report “Pre-Engineered Buildings Market Share, Size, Trends, Industry Analysis Report, By Structure (Single Story and Multi-Story), By Material, By Application, By Region, Segments & Forecast, 2019 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Pre-Engineered Buildings is expected to grow at the quickest rate over the forecast period owing to rapid industrialization and urbanization in emerging economies, that increases the adoption of pre-engineered building solutions. The market's growth is further supported by the rising need for warehouses owing to the rising penetration of e-commerce and the growing trend towards green buildings and use of sustainable building materials.
Pre-Engineered buildings (PEB) are metal enclosure structures made in a factory by a structural frame, standard roof, and wall support and are erected at the site. The complete designing of the building is done at the factory site, and the components are brought to the site in the knock-down condition. Compared to traditional infrastructures, the pre-engineered building offers many advantages, including reduced project construction time by about 50%, low cost, and easily expanded. Better quality controls need lower maintenance, energy-efficient roofing and wall systems, and architectural versatility.
For instance, Amazon has constructed many fulfillment centers using pre-engineered steel building systems. These buildings are designed to maximize space and efficiency for the storage and distribution of products. The Tesla Gigafactory in Nevada, which produces electric vehicle batteries and components, was constructed using pre-engineered building systems. The building has a footprint of 1.9 million square feet and is one of the largest pre-engineered buildings in the world.
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Some of the factors, expected to limit the growth of pre-engineered buildings market includes lower thermal conductivity, vulnerability to corrosion, and lack of fire resistance in pre-engineered buildings. Further, the market growth can be retarded by the fluctuating cost of raw materials and other demand-supply fluctuations constraints.
Polaris Market Research has segmented the Pre-Engineered Buildings Market report based on structure, material, application, and region:
Pre-Engineered Buildings Market, Structure Outlook (Revenue - USD Billion, 2019 - 2032)
Pre-Engineered Buildings Market, Material Outlook (Revenue - USD Billion, 2019 - 2032)
Pre-Engineered Buildings Market, Application Outlook (Revenue - USD Billion, 2019- 2032)
Pre-Engineered Buildings Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)