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.