Pre-Engineered Buildings Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Steel, Aluminum and others), Product (Walls, Columns & Beams, Roof & Floors and others), Application (Residential, Commercial and Industrial) and Region- Forecast 2025
— Pre-engineered buildings (PEB) are being widely spoken about as the future of residential and commercial structures. And why not, they offer extremely high accuracy levels as well as customizations. Most importantly, by opting for these buildings, people are contributing to the environment. Pre-engineered buildings are the most excellent alternative for houses and organizations, which are conscious regarding the environment.
Some of the major players operating in the Global Pre-Engineered Building Market are Tiger Steel Industries LLC, Interarch Building Products Pvt. Ltd., Jindal Buildsys Limited, Multicolor Steels (India) Pvt. Ltd, PEB Steel Buildings Co. Ltd., Zamil Steel Holding Co. Ltd., Tata BlueScope Steel, Everest Industries Limited, SmithStructures, Pennar Industries Limited, Lloyd Insulations (India) Limited and Kirby Building Systems.
In 2015, Pennar Industries Limited and its subsidiaries received orders from Phoenix, Ultratech Cement, IOT Anwesha Engineering & Construction Ltd, JSW Cement, Dhunseri Petrochem, United Spirits Ltd., Azure Power, Mahindra EPC, Sterling Wilson, L&T GeoStructure, Integral Coach Factory, Texmaco, and Besco.
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Global Pre-Engineered Building Market – Segmental Analysis And Regional Outlook
The global pre-engineered buildings market has been segmented based on material, product, and application. Based on material, the global market is segmented into steel, aluminum, and others and others. Based on product, the global market is segmented into walls, columns & beams, roof & floors, and others. Based on application, the global market is segmented into residential, commercial, and industrial.
The geographical study of the global pre-engineered building market spans across four major regions, viz. North America, Europe, Asia Pacific, and the Rest of the World (RoW). PEB has penetrated the developing economies and is likely to witness massive demand from these country-level markets. The consolidation of such fast-developing nations such as India and China are expected to support the growth of the market in Asia Pacific in the upcoming years. The regional market is expected to scale valuation of USD 89.35 Bn by the end of the assessment period striking a CAGR of 9.43%.
North America is the second-largest market for pre-engineered buildings. The regional market is anticipated to thrive at 6.49% CAGR over the assessment period. The increasing demand for green and sustainable buildings is poised to drive the proliferation of the pre-engineered building market in the region.
Pre-Engineered Buildings- The Chief Components
• Main Framing- This comprises the steel frames of a building. Metal building suppliers specially make it as per the clients' needs.
• Insulation and Panels- These fittings will ensure that a building is appropriately insulated and is also effective in all forms of weather conditions.
• Windows and Doors- They are fixed to the main frame properly through welding or other effective methods.
• Partitions- They are usually needed in residential buildings and offices, placed to the metal frame and perfectly insulated to maintain the building’s efficiency.
• False Ceilings- False ceilings are generally used in offices and residential building. False ceilings are fixed on the metal frame that is hung from the roof.
• Floors- Floors in the PEB are made of normal materials such as cement or concrete.
The Wide Applications of Pre-Engineered Buildings
• Commercial- Under this includes shopping centres, service stations, offices, restaurants, supermarkets, distribution centers, and showrooms.
• Industrial- Under this includes bulk product storage, slaughter houses, car parking sheds, cold stores, warehouses, workshops, and factories.
• Institutional- Under this includes malls, sports halls, auditoriums, theatres, hospitals, exhibition halls, and schools.
• Agricultural- Under this includes pump stations, animal confinement, grain storage, greenhouses, and poultry-dairy farms.
• Recreational- Under this includes indoor tennis courts, swimming pool enclosures, and gymnasiums.
• Heavy Industrial- Under this includes ceramic factories, sugar mills, steel rolling mills, and cement plants.
• Aviation & Military- Under this includes support facilities, residential barracks, administration buildings, and aircraft hangers.
Factors that Have Made PEB Highly Sought-After
• Versatility- The construction of pre-engineered buildings is highly versatile. Right from auto shops, garages, churches to warehouses and more, these buildings, as stated above, have a wide range of applications. No matter what people’s structural needs are, it will definitely accommodate it perfectly.
• Customization- Any cookie-cutter design for a building will work for sod storage or a backyard shed, but a customized structure undoubtedly will work better. It is the customizable aspect of pre-engineered buildings that have made it highly sought-after. Irrespective of the reason to construct a building, there are some design considerations which will make it more functional and efficient. Picking the right blend of metal building elements is equally crucial as that of the shape and size of the building. Adding a customized accessory to the building will enhance the functionality of the building’s interior and exterior.
• Durability and Strength- A PEB for most people is amid the biggest investments that they will make, particularly if the building is utilized as a primary residence. In case of a pre-engineered building, people will get what they pay for. They have rigid frame buildings that set them apart. Pre-engineered buildings are highly durable and can ensure the strongest storm lines. Above all, they come with the best warranties.
• Value- No matter be it purchasing a TV, car, or a house, consumers always look for utmost value. And with pre-engineered buildings, people will get just this. They are made of durable and high-quality materials such as steel, thus will last for generations.
• Easy to Install- Pre-engineered buildings comprises of the basic structural steel framework together with roofing components and cladding, all of which are provided by a single manufacturer. Construction workers just require to bolt the different components as per the specifications offered with the product for getting the skeleton of the structure.
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