Pune, Maharashtra -- (SBWire) -- 07/26/2023 --The Pre-engineered Building Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are BlueScope Steel (Australia), NCI Building Systems (United States), Nucor Corporation (United States), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), Everest Industries (India).
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According to HTF Market Intelligence, the Global Pre-engineered Building market to witness a CAGR of 10.69% during forecast period of 2023-2029. The market is segmented by Application (Residential Building, Commercial Building, Industrial Building, Infrastructure Sectors) by Type (Concrete, Steel Products, Others) by Material (Steel, Aluminum, Others) by Product Type (Walls, Columns and Beams, Roof and Floors, Others) by Structure (Single-Story, Multi-Story) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Pre-engineered buildings are generally steel structures, the structural members like columns, roof truss, purlins etc. being pre-fabricated in a factory in accordance with the design specifications and they are created in the site, joined together using bolts. The prefabricated structural members are typically “I†sections. The foundations of these pre-engineered buildings are the conventional concrete foundations to support the lighter super structure and to carry heavy loads. The floor of such buildings is also built of conventional concrete in certain circumstances.
Market Trends:
- Growing Number of Smart Cities in Developing Regions
- Rising Need for Reduced Construction Time and Cost and for Lightweight Building Structure
Market Drivers:
- Rapid Industrialization and Growth in Infrastructural Investment Worldwide
- Rising Demand for Green Buildings
- Increase in the Usage of Steel in Building and Construction Developments
Market Opportunities:
- Increasing Population and Rapid Urbanization Led to a Large Number of New Construction Projects
Pre-engineered Building Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: BlueScope Steel (Australia), NCI Building Systems (United States), Nucor Corporation (United States), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), Everest Industries (India)
Additionally, Past Pre-engineered Building Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Pre-engineered Building market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Pre-engineered Building Product Types In-Depth: Concrete, Steel Products, Others
Pre-engineered Building Major Applications/End users: Residential Building, Commercial Building, Industrial Building, Infrastructure Sectors
Pre-engineered Building Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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