Pre-engineered Building Market Size Worth $30.79 Billion By 2025: Grand View Research Inc.

San Francisco, 26 March 2020: TheReport Pre-engineered Building (PEB) Market Analysis Report By Application (Commercial, Industrial), By Region (Americas, MEA, Europe, APAC), Competitive Landscape, And Segment Forecasts, 2019 - 2025

The global pre-engineered building market size is expected to reach USD 30.79 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 15.5% during the forecast period. Increasing technological advancements in the construction industry coupled with advantages of pre-engineered buildings (PEBs), such as reduced construction time, are estimated to boost product demand over the forecast period.
The adoption of off-site construction for commercial buildings is witnessing significant growth as structures are manufactured in a factory and thus remain unaffected by weather conditions. These structures are manufactured using advanced machinery that aids in reducing material cost, thereby making it cost-effective.

Industry participants undergo integration across value chain by offering turnkey engineering, procurement, and construction (EPC) solutions post manufacturing of pre-engineered buildings, which is expected to fuel the demand. However, fluctuating prices of steel are likely to be a significant concern for manufacturers over the forecast period.
The market for pre-engineered buildings is highly competitive on account of existence of a large number of global players. Companies operate through manufacturing facilities at multiple locations with distribution being carried out at several sales locations across operation areas. Furthermore, operations of a few companies in the market are integrated vertically to engage in production and erection of pre-engineered buildings in commercial, industrial, and residential applications.

Access Research Report of Pre-engineered Building Market @ https://www.grandviewresearch.com/industry-analysis/pre-engineered-building-peb-market

Further key findings from the report suggest:
  • Commercial buildings accounted for over 43.0% of the overall revenue in 2017 owing to rising number of new business models, upcoming start-ups, and increasing demand for office spaces
  • The consumption of the product in industrial buildings is poised to rise at a CAGR of 15.7% in terms of revenue from 2018 to 2025 on account of increasing demand for warehouses and other storage facilities
  • The market in Rest of Asia Pacific is projected to register revenue growth of 16.9% owing to increasing awareness regarding the use of advanced technologies for construction of commercial and industrial buildings
  • North America accounted for 27.3% of the global revenue in 2017 on account of reduced construction time and lightweight structure of pre-engineered buildings coupled with surging demand for industrial buildings
  • Major players in the market are focusing on research & development activities to gain new expertise in steel structures, upgrading products according to revised regulations, and overall project management to obtain competitive edge in the market.
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global pre-engineered building market on the basis of application and region:
Pre-engineered Building Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Commercial buildings
  • Industrial buildings
Pre-engineered Building Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
  • Russia
  • Rest of Europe
  • China
  • Japan
  • Rest of Asia Pacific
  • Central & South America
  • Middle East
  • Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com



Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more