Pre engineered Building Market

The global pre-engineered buildings market is driven by various factors such as increasing FDI in construction in Asia-Pacific region, minimized construction wastage, growth in e-commerce industry, and potential boom in the manufacturing sector. Fluctuating raw material prices is expected to hinder the growth of the global pre-engineered buildings market.

The global pre-engineered buildings market is expected to grow at 8.12% CAGR during the forecast period. In 2017, the market was led by Asia-Pacific, with a 46.89% share, followed by North America and Europe with shares of 27.16% and 14.94%, respectively.

The global pre-engineered building market has been segmented based on material, end-use, product, and region. On the basis of material, the steel segment accounted for the largest market share of 46.89% in 2017, with a market value of USD 52.30 billion and is projected to register the highest CAGR of 9.34% during the forecast period. Based on end-use, industrial segment accounted for the largest market share of 47.63% in 2017, with a market value of USD 53.13 billion and is projected to register the highest CAGR of 7.83% during the forecast period. On the basis of product, roofs & floors segment accounted for the largest market share of 41.37% in 2017, with a market value of USD 46.14 billion and is projected to grow at a CAGR of 9.02% during the forecast period.