The North America Pre-Engineered Buildings Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Pre-Engineered Buildings Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,919 Million by 2031. The Canada market is experiencing a CAGR of 11.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.9% during (2024 - 2031).
The pre-engineered buildings market is the industry that designs, fabricates, and constructs buildings using pre-engineered structural components and systems. Pre-engineered buildings (PEBs) are custom-engineered building solutions manufactured off-site in controlled factory environments and then assembled quickly on-site using standardized assembly techniques.
Additionally, these buildings are characterized by their modular construction approach, where various components such as columns, beams, roof panels, and wall panels are prefabricated and shipped to the construction site for assembly.
Canada’s growing economy and population have increased demand for commercial and industrial infrastructure such as office buildings, warehouses, manufacturing facilities, and retail centers. PEBs offer a cost-effective and efficient solution for meeting this demand, allowing developers to construct buildings quickly and economically to support business growth and expansion. As per the data from Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion.
Free Valuable Insights: The Pre-Engineered Buildings Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Structure
By Application
By Country
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