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Pre-engineered Buildings Market Trends

Report ID: GMI7547
Published Date: Nov 2023
Report Format: PDF

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Pre-engineered Buildings Market Trends

The pre-engineered buildings industry is witnessing a transformative trend with the integration of advanced technologies such as Building Information Modeling (BIM), automation, and digitalization. BIM facilitates detailed and collaborative 3D modeling, optimizing design accuracy. Automation streamlines manufacturing processes, improving efficiency, and reducing manual labor. Digitalization enhances project management, allowing real-time monitoring and communication. This convergence of technologies not only elevates precision in design but also revolutionizes the entire PEB construction lifecycle, ensuring streamlined operations and improved project outcomes.

The market is witnessing a surge in the integration of the Internet of Things (IoT) and smart building technologies. This entails deploying sensors, monitoring systems, and data analytics to enable real-time performance tracking. By leveraging predictive maintenance and data-driven insights, these structures become more efficient and responsive. This trend ensures proactive maintenance measures, contributing to the longevity and optimal performance of PEBs, thereby aligning with the broader trajectory of smart and connected infrastructure.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of pre-engineered buildings was worth USD 19.2 billion in 2022 and is expected to register over 10.5% CAGR from 2023 to 2032, due to the surging investments in sustainable building practices worldwide.

The single-story structure segment held 60% share of the pre-engineered buildings industry in 2022 and is expected to register appreciable CAGR from 2023 to 2032, due to benefits, such as versatility and cost-effectiveness.

North America held over 25% share of the pre-engineered buildings industry in 2022 and is expected to register commendable CAGR up to 2032, due to the expanding industrial and commercial sectors in the region.

Astron, ATCO Ltd., BlueScope Steel Ltd, Cornerstone Building Brands, Inc., Everest Industries, Interarch Building Products Pvt. Ltd, Nucor Corporation, PEBS Pennar, Zamil Steel Building, and PEBS Pennar are some of the major pre-engineered buildings companies worldwide.