The global pre-engineered buildings market is driven by the increased demand for warehouses globally and the eco-friendly nature of the construction. There is a boom in e-commerce and logistics sector. This particularly augments the demand for warehousing and other storage facilities, which make use of the pre-engineered buildings. This material majorly used in the construction of the pre-engineered buildings is steel which in turn is highly reusable without losing its engineering properties. This eco-friendly nature of the constructions further has led to the growth of the global pre-engineered market. The global pre-engineered buildings market is expected to and reach at projected market size at the end of the forecasted period and is expected to show a staggering growth at high CAGR from 2016 to 2021.
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Pre-Engineered Buildings Global Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Pre-Engineered Buildings appears to be highly competitive. International players who are increasingly expanding their footprint in the developing economy, are making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Pre-Engineered Buildings market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
Global pre-engineered buildings market is segmented on the basis of material, end-use, and region. On the basis of material it is segmented as steel, aluminum, and others. On the basis of end-use it is segmented as commercial (such as offices and showrooms), industrial (such as factories and warehouses), and Infrastructure (such as bridges, airport hangers and railway platforms). Additionally on the basis of region, it is segmented as North America, Europe, APAC and Rest of the World.
In August 2017, Zamil Steel Pre-Engineered Buildings Company was recently awarded a contract valued at USD 6.7 million (SAR 25 million) by the Kuwait Company for Process Plant Construction and Contracting K.S.C. for Agility. The scope of the contract includes the supply of more than 4,600 metric tons of pre-engineered steel buildings and more than 100,000 square meters of sandwich panels, which will be used to construct the four air-conditioned warehouses in Mina Abdullah, Kuwait.
In February 2017, Zamil Steel Construction Company, a subsidiary of Zamil Industrial Investment Co. was awarded with a project contract by the Saudi AlbiTek Company for the construction of its new baby wipes factory in the western region of Saudi Arabia. The project spans an area of 39,000 square meters, which includes the factory, administration and utilities buildings.
In March 2016, Richa Industries Limited, a leading Construction & Engineering company received an order from Bharat Electronics Limited (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai. The Project included design and construction of three buildings including composite shed, finishing shed & rain test shed with the total area of approximately 4300 sq.mt.
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BlueScope Steel Ltd.
Tiger Steel Industries LLC
Kirby Building Systems
Everest Industries Ltd.
Interarch Building Products Pvt. Ltd.
Era Infra Engineering Ltd
PEB Steel Buildings Co. Ltd.
Pennar Engineered Building Sytems Ltd
Jindal Buildsys Limited
Zamil Steel Holding Co. Ltd.
Multicolor Steels India Pvt. Ltd.
The report for Global Pre-engineered Buildings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Regional Analysis of Global Pre-engineered Buildings Market
APAC dominates the Global pre-engineered buildings market with its fast growing market worldwide. It will expand at a good CAGR over the forecast period. The region is expected to show rapid economic and infrastructural growth. With lot of investments in the regions of China and India, the construction sector is growing. The inflow of foreign investment in India further augments the market for pre-engineered building.
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