Global Pre-engineered Buildings Market 2019-2023 | Growing Consumption of Secondary Steel to Boost Growth | Technavio

Technavio has announced its latest market research report titled global pre-engineered buildings market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global pre-engineered buildings market is expected to post a CAGR of over 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Pre-engineered buildings are meeting the demand for cost-effective, innovative, and fast-paced construction of modern infrastructure. PEBs are made of high-quality steel that can be recycled and reused. In addition, these eco-friendly structures are easy to install and cost-effective as they cost around 25% to 30% less than conventional buildings. Furthermore, other attributes such as ease of transportation and installation, and recyclable properties of PEBs are likely to boost their adoption during the forecast period.

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As per Technavio, growing consumption of secondary steel, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Pre-engineered Buildings Market: Growing Consumption of Secondary Steel

Secondary steel is recycled from steel scrap and deconstructed steel structures. It is extensively used to construct different steel products including different components and parts of PEBs. Recycling steel helps in reducing carbon emissions. In addition, the production of secondary steel lowers air pollution as it requires a lesser amount of energy and water compared to the conventional production of galvanized steel from iron ore. Furthermore, the growing trend of developing cost-effective solutions and rising awareness about the environment are expected to fuel the consumption of secondary steel in the manufacture of PEB components.

“The growing demand for public infrastructure in emerging economies such as India and China are expected to contribute to the pre-engineered buildings market growth during the forecast period,” says a senior analyst at Technavio.

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Global Pre-engineered buildings Market: Segmentation Analysis

This market research report segments the global pre-engineered buildings market by end-user (industrial, commercial, infrastructure, and residential), and geographical regions (APAC, North America, Europe, MEA, and South America).

APAC led the market in 2018, followed by North America, Europe, MEA, and South America respectively. Rapid industrialization and growth in construction activities in the emerging economies of APAC is one of the key factors driving the pre-engineering buildings market. Several significant market players are developing large-scale PEB projects to cater to single-and multi-story PEB spaces including factories, warehouses, storage facilities, and industrial plants. Thus, the growth of construction and industrial sectors is further expected to boost PEBs market in APAC during the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The global pre-engineered buildings market is expected to post a CAGR of over 8% during the period 2019-2023, according to Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200