Pre-Engineered Buildings Global Market Opportunities and Strategies to 2034

This report describes and explains the pre-engineered buildings market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global pre-engineered buildings market reached a value of nearly $21.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.30% since 2019. The market is expected to grow from $21.6 billion in 2024 to $34.69 billion in 2029 at a rate of 9.93%. The market is then expected to grow at a CAGR of 10.27% from 2029 and reach $56.54 billion in 2034.

Growth in the historic period resulted from the rise of smart cities, rising investments in infrastructure development, increased use in non-residential and commercial sectors and growing environmental regulations. Factors that negatively affected growth in the historic period were raw material price volatility and high initial costs.

Going forward, the rapid growth in the construction industry, increasing demand for modular construction, rising demand for green buildings and rising demand for warehousing will drive the growth. Factor that could hinder the growth of the pre-engineered buildings market in the future include design limitations for complex structures, skilled labor shortage and trade war and tariffs.

Asia Pacific was the largest region in the pre-engineered buildings market, accounting for 42.50% or $9.18 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the pre-engineered buildings market will be Asia Pacific and South America where growth will be at CAGRs of 11.07% and 9.95% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 9.78% and 9.11% respectively.

The global pre-engineered buildings market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 18.08% of the total market in 2023. BlueScope Steel Limited was the largest competitor with a 12.31% share of the market, followed by Nucor Building Systems with 1.33%, Pennar Industries Limited (PEBS Pennar) with 0.80%, EPACK Prefab Technologies Limited with 0.74%, Interarch Building Products Ltd with 0.62%, Everest Industries Ltd with 0.50%, Astron Buildings Sro with 0.50%, Butler Manufacturing Co with 0.50%, Mueller Inc. with 0.42% and ATCO Ltd with 0.35%.

The pre-engineered buildings market is segmented by structure into single-story and multi-story. The single-story market was the largest segment of the pre-engineered buildings market segmented by structure, accounting for 91.56% or $19.78 billion of the total in 2024. Going forward, the multi-story segment is expected to be the fastest growing segment in the pre-engineered buildings market segmented by structure, at a CAGR of 10.15% during 2024-2029.

The pre-engineered buildings market is segmented by products into walls, columns and beams, roofs and floors and other products. The roofs and floors market was the largest segment of the pre-engineered buildings market segmented by products, accounting for 35.86% or $7.74 billion of the total in 2024. Going forward, the roofs and floors segment is expected to be the fastest growing segment in the pre-engineered buildings market segmented by products, at a CAGR of 11.25% during 2024-2029.

The pre-engineered buildings market is segmented by application into industrial/manufacturing, infrastructure and building. The industrial/manufacturing market was the largest segment of the pre-engineered buildings market segmented by application, accounting for 55.22% or $11.93 billion of the total in 2024. Going forward, the infrastructure segment is expected to be the fastest growing segment in the pre-engineered buildings market segmented by application, at a CAGR of 11.08% during 2024-2029.

The pre-engineered buildings market is segmented by end user into industrial, infrastructure, commercial, residential and other end use. The industrial/manufacturing market was the largest segment of the pre-engineered buildings market segmented by end user, accounting for 55.22% or $11.93 billion of the total in 2024. Going forward, the residential segment is expected to be the fastest growing segment in the pre-engineered buildings market segmented by end user, at a CAGR of 11.30% during 2024-2029.

The top opportunities in the pre-engineered buildings market segmented by structure will arise in the single-story segment, which will gain $11.94 billion of global annual sales by 2029. The top opportunities in the pre-engineered buildings market segmented by products will arise in the roofs and floors segment, which will gain $5.45 billion of global annual sales by 2029. The top opportunities in the pre-engineered buildings market segmented by application will arise in the industrial/manufacturing segment, which will gain $6.52 billion of global annual sales by 2029. The top opportunities in the pre-engineered buildings market segmented by end user will arise in the industrial segment, which will gain $6.52 billion of global annual sales by 2029. The pre-engineered buildings market size will gain the most in China at $2.84 billion.

Market-trend-based strategies for the pre-engineered buildings market include focus on strategic investments drive capacity expansion and regional strengthening, focus on expansion of advanced manufacturing facilities to strengthen regional service capabilities and operational efficiency and focus on strategic expansion to boost regional capacity and sustainable construction.

Player-adopted strategies in the pre-engineered buildings market include focus on strengthening operational capabilities through new product launches, focus on strengthening business capabilities through strategic partnerships and focus on strengthening operational capabilities through starting new facilities.

To take advantage of the opportunities, the analyst recommends the pre-engineered buildings market companies to focus on strategic capacity expansion aligned with regional industrial demand, focus on advanced manufacturing facilities to improve efficiency and regional coverage, focus on expanding steel manufacturing facilities to meet regional demand, focus on multi-story pre-engineered buildings to maximize growth potential, focus on roofs and floors to capture high-growth structural demand, expand in emerging markets, continue to focus on developed markets, focus on expanding regional manufacturing and logistics networks, focus on tiered pricing strategies to match regional and sectoral demand, focus on targeted promotion to industrial and infrastructure stakeholders, focus on regional promotion aligned with investment hubs, focus on infrastructure to capture strongest growth in pre-engineered buildings, focus on residential segment to leverage highest growth potential in pre-engineered buildings.

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