Market Size (2016)
2016
$104.01M
Vertical: PCMBase Year: 201711 Sections
Market Size (2016)
2016
$104.01M
Projected (2023)
2023
$177.12M
CAGR (2016–2023)
7.9%
7.9%Key Players
112+
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.
The Pre engineered Building Market market is projected to grow at a CAGR of 7.9% from 2016 to 2023.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansPre-engineered buildings are those which are factory engineered buildings based on the design requirements. All components are assembled and erected with bolted connections at the construction site. Usually these are steel structures that are fabricated to the exact size. This type of concept is used to build warehouses, industrial buildings, factories and other establishments.
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View Subscription PlansMarket Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Base Year
2017
Historical Period
2016 – 2017
Forecast Period
2017 – 2023
Primary Interviews
150+
Historical data (2016–2017) and forecast period (2017–2023)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansMarket estimates by geography (2023)
InsightAsia Pacific leads with $89.35M by 2023.
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View Subscription Plans| REGION | 2016 | 2017 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $48.16M | $67.77M | $89.35M | 9.2% | 50% |
| Rest of the World | $11.46M | $15.24M | $19.25M | 7.7% | 11% |
| Europe | $15.73M | $20.07M | $24.58M | 6.6% | 14% |
| North America | $28.67M | $36.17M | $43.94M | 6.3% | 25% |
| Total | $104.02M | $139.25M | $177.12M | 7.9% | 100% |
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View Subscription PlansTotal Market Size
$195.79M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Steel | $86.65M | 7.9% | 87% |
| others | $46.53M | 7.9% | 53% |
| Aluminum | $36.84M | 7.9% | 89% |
| Concrete | $25.77M | 7.9% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Pre engineered Building Market covering market dynamics, competitive landscape, and strategic outlook.
The Pre engineered Building Market market is projected to reach $177.12M by 2023, growing at 7.9% CAGR. The Steel segment holds the largest share.
The global pre-engineered buildings market expected to witness significant growth over the forecast period. The growth of the pre-engineered buildings market is driven by various factors such as time and cost-effective method of construction, minimized construction wastage, and increase in FDI in Asia-Pacific. However, the growth of the market can be hindered by fluctuating prices of raw materials.
Reduced timeframe, faster delivery of structure, low maintenance, and the flexibility of making the desired changes, are some of the advantages that pre-engineered buildings have over conventional reinforced cement concrete construction. Pre-engineered buildings are also considered environment-friendly buildings since they have lower carbon emissions during the construction phase.
Pre-engineered construction is one of the most energy-efficient building methods, with almost 30% less energy consumption than traditional methods. LED lighting, triple glazed windows, and the application of geothermal systems over HVAC systems are some of the alternatives that come with pre-engineered construction, these alternatives strike the right chords with environmentalists and concerned government bodies.
Pre-engineered buildings make it easier for end users to reduce energy consumption and reduce operation costs. All these advantages collectively drive the global pre-engineered buildings market during the forecast period.
In the past few years, the e-commerce industry has witnessed tremendous growth due to technological advancements, strong logistics support, and the availability of diverse products. According to the International Post Corporation (IPC), in 2016, e-commerce sales across the world grew by 23% and was valued at almost USD 2.3 trillion in 2017. E-commerce sales are expected to grow at a rate of 141% between 2016 and 2021. In 2017, the total e-commerce sales in China and the US amounted to USD 1.6 trillion.
According to the IPC, the US retail e-commerce industry accounts for 20% of the total industry share. Brazil is the largest e-commerce market in Latin America. The retail e-commerce sales of Brazil in 2017 was valued at USD 16 billion.
The IPC also stated that, in 2017, Asia-Pacific recorded e-commerce sales of USD 1.4 trillion, which was a 30% increase from 2016. Countries such as China, Japan, and India are expected to grow significantly over the coming years in the e-commerce industry. According to the India Brand Equity Foundation, in 2026, the e-commerce market is projected to reach USD 200 billion and grow at a CAGR of 20.09%. FDI support in the B2B e-commerce sector and the increasing local investments in the e-commerce industry is anticipated to augment the global pre-engineered buildings market growth in India. E-commerce continues to grow, even in countries where retail sales showed stagnation.
The Middle East is also expected to experience market growth, especially in the Gulf region. This is due to its high spending owing to a high per capita income, advanced transport logistics networks, and internet penetration. The UAE and Saudi Arabia are the fastest growing countries in the regional e-commerce industry. The UAE is projected to witness an annual growth of 20% in the e-commerce industry during the forecast period.
Increased use of smartphones and internet penetration have enabled consumers to purchase more frequently. This has caused retailers to improve their shipping, storage, and delivery methods in order to expand their reach. This is expected to spike the demand for pre-engineered buildings to establish storage shelters, warehouses, and pick up and drop location shelters for e-commerce companies. Pre-engineered buildings are cost and time effective, which supports the companies to install their facility quickly.
The prices of steel and other essential raw materials used in pre-engineered buildings have witnessed volatility in the international market. Steel is the primary raw material used for manufacturing pre-engineered buildings. The fluctuating prices of steel hinder the market growth. Steel is the most massively traded metal worldwide, and thus, its price fluctuation hampers various end-use industries. Thus, fluctuating raw material prices affects the production cost and, ultimately, the growth of the global pre-engineered buildings market.
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Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 112 companies operating in the Pre engineered Building Market market, including revenue, employee count, and market positioning where available.
Showing 112 of 112 companies
Kirby Building Systems
Kirby Building Systems is a wholly owned subsidiary of a Kuwait-based company, Alghanim Industries. It mastered PEB technology in the Middle-East in 1976. The company offers PEB installation and technical advisory services, structural steel, storage solutions, cold roll formed buildings, and related accessories. Within PEB, it offers products, such as mainframes, cold-formed members, roof and wall panels, and sandwich panels. Kirby Building Systems caters to PEB requirements for factories, warehouses, metro rails, supermarkets, aircraft hangars, sports stadiums, and auditoriums. With a total capacity of over 400,000 metric tons, the company operates through its five manufacturing plants across Kuwait, Ras-Al-Khaimah (UAE), Vietnam, and India. It also has a network of 70 offices to facilitate its sales operation, which is spread across the Indian subcontinent, Gulf Cooperation Council (GCC), the rest of Middle East, South-East Asia, Eastern Europe, and Africa. The company also installed 65,000 other buildings, worldwide.
Lloyd Insulations (India) Limited
Lloyd Insulations (India) Limited is engaged in manufacturing and supplying building products. It produces, supplies, and installs thermal insulations, refractories, panels, metallic profiled sheets, acoustics, and pre-engineered building products. The company functions through various regional and zonal offices and five manufacturing units. Its manufacturing facility for PEB is located at Pithampur, Madhya Pradesh, and is spread out across 91,000 sq. m. area. The facility manufactures mainframes, columns, beams, purlins, sheeting, and other related components with a monthly capacity of around 5,000 metric tons. The company operates through two product divisions, which are core specialty and building-related activities. It offers insulation, acoustic insulation, and refractory products and services under its core specialty segment while its building-related activities cover wall, flooring, and roofing services. The company has a team of 60 qualified civil engineers with an experience of 30 years at the PEB factory office at Pithampur. Lloyd Insulations (India) Limited has completed 3,200 PEB installations in China, Vietnam, Thailand, Myanmar, Laos, Bangladesh, Qatar, Sri Lanka, and Cambodia.
Pennar Industries Limited
Pennar Industries Limited is a wholly owned subsidiary of the Pennar Group of Companies. It is also known as PEBS Pennar. Pennar Industries, Pennar Chemicals, and Pennar Engineered Building Systems are some of the divisions of the Pennar Group. It offers solutions, such as pre-engineered steel buildings, which are designed and fabricated to suit the client’s requirement. It also provides turnkey solutions in a small-time frame to various companies for fulfilling their industrial, commercial, and institutional requirements. It operates through three business segments, which are pre-engineered buildings/steel structural, erection services, and engineering services. The pre-engineered buildings segment includes, building & framing, components, additions, and accessories. The company’s manufacturing facility in Hyderabad, India is spread out across a 29,000 sq.m. zone and has a total annual production capacity of 90,000 metric tons. The company has a sales and distribution network that spans across India.
SmithStructures
SmithStructures is engaged in designing, manufacturing, and the execution of structures for factory buildings, warehouse, administrative complexes, showrooms, and auditoriums. The company offers various products, such as standard frames, roofing & wall panels, cranes, mezzanine systems, trims & flashings, and other related accessories. It also offers unique products, such as air-conditioned premises, sound control, fireproof structures, rust-resistant protection, and insulation & liners for controlling heat. The company’s manufacturing unit is located in Gandhidham Kutch, Gujarat, India, with an annual capacity of 36,000 metric tons. It is engaged in fabricating all the standard components of PEB and related components and accessories. SmithStructures’ design and execution team is based in Ahmedabad, Gujarat. Some of the company’s clients are CEAT, ABB, Aditya Birla Group, Siemens, Dow AgroSciences, Milton, JBM Group, Indian Oil, Mahindra Intertrade, and Indofil Industries Limited.
Everest Industries Limited
Everest Industries Limited (Everest Industries) is engaged in manufacturing and trading building products, such as roofing products, and boards & panels. The company is also engaged in designing and manufacturing pre-engineered steel buildings and other related accessories. It offers products for applications in industrial, commercial and residential sectors. Everest Industries provides its products and solutions through 38 sales depots and 6,000 dealer outlets to reach more than 600 cities and 1,00,000 villages. Its range of building products is exported to more than 35 countries. The company operates through two business segments, which include building products and steel buildings. The building products segments include ranges of roofing sheets, accessories, boards, and solid wall panels & grids. These products are manufactured in their six facilities, located primarily in the states of Uttarakhand, Maharashtra, West Bengal, and Odisha with an annual capacity of around 810,000 metric tons. The steel building segment includes products such as pre-engineered steel buildings and smart steel buildings, which are manufactured in their facilities located across Uttarakhand, Gujarat, and Jharkhand with an annual capacity of around 72,000 metric tons. Everest has delivered over 2,200 steel building projects.
Tata BlueScope Steel
Tata BlueScope Steel was established as a joint venture between Tata Steel and BlueScope Steel (Australia) with its corporate office located in Pune, India. It manufactures and distributes coated steel, steel building solutions, and related building products in the SAARC region. The company’s manufacturing facilities are located at Hinjewadi (Pune), Sriperumbudur (Chennai), and Bhiwadi (Rajasthan). Tata BlueScope Steel has a network of 10 sales offices. It operates through three business segments, which are coated steel, steel building solutions, and related building products. The coated steel business segment offers coated and pre-painted steel for the building and construction industry. The steel buildings solutions segment manufactures and sells pre-engineered buildings (PEB) under two brands, ECOBUILD Building Systems and BUTLER Building Systems. The related building products segment supplies roll-formed roof & wall-cladding solutions, under premium brands, such as Lysaght and Durashine.
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Pre engineered Building Market