The Latin America, Middle East and Africa Pre-Engineered Buildings Market would witness market growth of 12.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Pre-Engineered Buildings Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $723.4 Million by 2031. The Argentina market is registering a CAGR of 13.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 12.4% during (2024 - 2031).
PEBs are increasingly used for residential purposes, including housing developments, apartment complexes, and prefabricated housing solutions. The modular construction techniques employed in PEBs allow for the efficient assembly of residential units.
Moreover, rapid construction capabilities, structural integrity, and design flexibility make them suitable for various infrastructure applications, contributing to enhanced connectivity, mobility, and resilience in urban and rural areas.
Saudi Arabia’s robust economic growth and urbanization have spurred demand for commercial infrastructure such as office buildings, retail centers, hotels, and mixed-use developments. PEBs offer a timely and cost-effective solution for meeting this demand, as they can be fabricated off-site and assembled quickly, allowing developers to capitalize on the growing commercial real estate market. As per the International Trade Administration (ITA), under the Red Sea project, by the conclusion of 2023, three hotels were inaugurated, with plans for an additional 13 hotels to be launched in 2024.
Free Valuable Insights: The Worldwide Pre-Engineered Buildings Market is Projected to reach USD 38.7 Billion by 2031, at a CAGR of 10.1%
Based on Structure, the market is segmented into Single-Story and Multi-Story. Based on Application, the market is segmented into Commercial and Industrial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Structure
By Application
By Country
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