According to a new report, published by KBV research, The Global Pre-Engineered Buildings Market size is expected to reach $38.7 billion by 2031, rising at a market growth of 10.1% CAGR during the forecast period.
The Single-Story segment is leading the Global Pre-Engineered Buildings Market by Structure in 2023; thereby, achieving a market value of $22.8 billion by 2031. Single-story buildings typically have shorter construction timelines, involving fewer construction phases and complexities. Prefabricated elements are produced off-site in regulated industrial settings and swiftly assembled on-site using standardized assembly processes, allowing PEBs to construct buildings more quickly. This fast-track construction approach minimizes project lead times, accelerates occupancy, and reduces disruption to surrounding activities, making PEBs ideal for single-story projects with tight deadlines or time-sensitive requirements.
The Industrial segment is registering highest CAGR of 10.6% during (2024 - 2031). Energy-efficient elements like insulation, daylighting, and HVAC systems are often included in pre-engineered building systems, which can lower energy usage and running costs for industrial operations. PEBs are often considered more environmentally friendly than traditional construction methods due to their efficient use of materials and reduced waste during manufacturing and construction.
Full Report: https://www.kbvresearch.com/pre-engineered-buildings-market/
The Asia Pacific region dominated the Global Pre-Engineered Buildings Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16.1 billion by 2031. The North America region is experiencing a CAGR of 9.4% during (2024 - 2031). Additionally, The Europe region is showcasing a CAGR of 9.7% during (2024 - 2031).
By Structure
By Application
By Geography
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