Dublin, May 17, 2019 (GLOBE NEWSWIRE) -- The "Pre-engineered Buildings Market by Structure, Application, & Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global pre-engineered buildings market size is projected to reach USD 25.04 billion by 2024, at a CAGR of 11.5% between 2019 and 2024.

In 2018, the Asia Pacific (APAC) region accounted for the largest share of 43.6%, in terms of value, of the overall pre-engineered buildings market. The large market size of APAC is attributed to the increasing demand for warehouses, factories, and R&D centers owing to industrial expansion and infrastructure development in the developing countries here.

Pre-engineered buildings are steel buildings or structures fabricated away from the construction site based on customer requirements. These buildings are first designed using specific software tools, and then individual elements are manufactured at the factory, which are further transported, assembled, and erected at the construction site with bolted connections. These buildings are mostly used in warehouses, industrial, infrastructure, and commercial applications.

The global market for pre-engineered buildings is characterized by the presence of players such as BlueScope Steel Limited (Australia), NCI Building Systems, Inc. (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company Ltd. (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), Pennar Engineered Building Systems Ltd. (PEBS Pennar) (India), PEB Steel Buildings Co, Ltd. (Vietnam), and Everest Industries Ltd. (India).

These players adopt various growth strategies such as contracts/orders/project developments, new product developments, acquisitions, divestitures, and expansions to increase their market share.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Developing Economies to Register High Growth in the Pre-Engineered Buildings Market
4.2 Pre-Engineered Buildings Market, By Structure
4.3 Pre-Engineered Buildings Market, By Application
4.4 Pre-Engineered Buildings Market, By Region and Structure
4.5 Pre-Engineered Buildings Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Industrialization and Growth in Infrastructural Investment
5.2.1.2 Increasing Demand for Green Buildings
5.2.1.3 Increase in the Use of Steel in Building and Construction Projects
5.2.1.4 Need for Reduced Construction Time and Cost and for Lightweight Building Structure
5.2.2 Restraints
5.2.2.1 Vulnerability to Corrosion, Lower Thermal Conductivity, and Limited Fire Resistance of Pre-Engineered Buildings
5.2.3 Opportunities
5.2.3.1 Increase in Population and Rapid Urbanization Translating Into A Large Number of New Construction Projects
5.2.4 Challenges
5.2.4.1 Fluctuation in Raw Material Prices
5.2.4.2 Lack of Skilled Manpower and Awareness

6 Pre-Engineered Buildings Market, By Structure
6.1 Introduction
6.2 Single-Story
6.2.1 Single-Story Segment to Be the Largest Segment of the Pre-Engineered Buildings Market
6.3 Multi-Story
6.3.1 Multi-Story Pre-Engineered Buildings Have Higher Penetration in the Developed Countries

7 Pre-Engineered Buildings Market, By Application
7.1 Introduction
7.2 Warehouses & Industrial
7.2.1 Warehouses & Industrial Application to Be the Leading Application in the Pre-Engineered Buildings Market
7.3 Infrastructure
7.3.1 The Increase in Public and Private Investments in the Infrastructural Sector is Fueling the Demand for Pre-Engineered Buildings in Infrastructural Application
7.4 Commercial
7.4.1 The Commercial Segment is Projected to Record the Second-Highest Growth Rate During the Forecast Period
7.5 Others
7.5.1 The Others Segment is Projected to Record the Lowest Growth Rate During the Forecast Period

8 Pre-Engineered Buildings Market, By Region

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Contracts/Orders/Project Developments
9.3.2 Expansions and Divestiture
9.3.3 Acquisitions
9.3.4 New Product Developments

10 Company Profiles
10.1 Bluescope
10.2 Zamil Steel Holding Company
10.3 Kirby Building Systems
10.4 Nucor Corporation
10.5 NCI Building Systems
10.6 Lindab Group
10.7 Everest Industries
10.8 PEB Steel
10.9 PEBS Pennar
10.10 ATCO
10.11 Other Players
10.11.1 Atad Steel Structure Corporation
10.11.2 Memaar Building Systems
10.11.3 Norsteel Buildings
10.11.4 John Reid & Sons (Strucsteel)
10.11.5 Rigid Global Buildings
10.11.6 Metal Building Manufacturers Inc.
10.11.7 Mabani Steel
10.11.8 Steelway Building Systems
10.11.9 Tiger Steel Engineering India (Tseil)
10.11.10 Emirates Building Systems
10.11.11 Phenix Construction Technologies
10.11.12 Allied Steel Buildings
10.11.13 SML Group
10.11.14 Octamec Group
10.11.15 Jindal Buildsys

For more information about this report visit https://www.researchandmarkets.com/r/dde8zt

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Related Topics: Engineering