August 07, 2023 07:30 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global market for pre-engineered buildings was estimated to have garnered a global market valuation of around US$ 16.9 billion in 2022. The market is anticipated to grow with a robust and fast-expanding 12.8% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 49.9 billion. Metal Frames For Buildings
Pre-engineered steel structures can be modified with polyurethane insulated panels or even fiberglass blankets to increase their energy efficiency. Pre-engineered building methods need less time to construct a structure than traditional methods do. Computer-aided Design (CAD) software is used to create PEBs, which speeds up the design and detailing process and makes construction easier.
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Global Pre-engineered Buildings Market: Key Players
The majority of companies are using new tactics and technologies while also making large investments in research and development.
The leading producers in the pre-engineered buildings industry include Renier Construction, BlueScope Steel, NCI Building Systems, Nucor Corporation, Kirby Building Systems, Zamil Steel Holding Company, ATCO, Lindab Group, Pennar Industries Limited, PEB Steel Buildings, Everest Industries, and Screw Expert.
Some developments by the key players in the global market for pre-engineered buildings are:
The Government of India announced intentions to provide air service between Tier 2 and Tier 3 cities and major cities in January 2023 in order to promote economic growth and facilitate travel. Employing PEBs to construct new airports in addition to enlarging and renovating existing airports is being prioritized around the nation.
A factory fabricates components including columns, beams, and roof panels in accordance with the design before shipping them to the building site. The time needed for building and assembly on-site is decreased by this pre-fabrication technique. These benefits will probably accelerate the market growth for pre-engineered structures in the coming years.
Several firms are using alternative building materials to cut construction costs and promote sustainable building practices. Vendors in the global pre-engineered building market should expect profitable prospects as new technologies are increasingly used in the construction sector. Pre-engineered structures are made by vendors using a variety of materials, such as aluminum and steel.
Key Findings of Market Report
Market Trends For Pre-engineered Buildings
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Global Pre-engineered Buildings Regional Market Outlook
Global Pre-engineered Buildings Market Segmentation
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Pre Engineered Steel Buildings Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com