Pre-engineered Buildings Market worth $25.0 billion by 2024

1. Pre-engineered Buildings Market worth $25.0 billion by 2024 The report "Pre-engineered Buildings Market by Structure (Single-story, Multi-story), Application (Warehouses & industrial, Infrastructure, Commercial), & Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) - Global Forecast to 2024" The pre-engineered buildings market is projected to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as rapid industrialization, growth in the infrastructural investments, an increase in the use of steel in building & construction, and rising demand for sustainable buildings drive the pre-engineered buildings market. View Full Report : https://www.marketsandmarkets.com/PressReleases/pre-engineered-building.asp

2. Recent Developments • In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by building a steel plate mill in Brandenburg, KY, US. The company has planned an investment of USD 1.35 billion in the mill. This mill has a planned production capacity of 1.2 million tons of steel products per annum. This is expected to strengthen the company’s steel plate product portfolio, which is further expected to support its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings. • In August 2017, Zamil Steel Pre-engineered Building Company signed a contract with Agility Kuwait to build four air-conditioned warehouses in Mina Abdullah, Kuwait. This contract was valued at USD 6.7 million. Under this contract, the company would provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels. View Full Report : https://www.marketsandmarkets.com/PressReleases/pre-engineered-building.asp

4. Key Participants The key players operating in the pre-engineered buildingsmarket include BlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India). Nucor Corporation’s (US) strong business portfolio, coupled with its focus on innovative technologies, contributes to its significant position in the pre-engineered buildings market. Its strong foothold boosts its market position globally. The company continues to target opportunities in emerging countries, such as India and China, to take advantage of the rising disposable income of consumers in these potential economies. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/PressReleases/pre-engineered-building.asp

5. On The Basis Of Region: Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The growth in the Asia Pacific region can be attributed to the increasing demand for pre-engineered buildings from the growing non-residential construction and infrastructural development in the region. The major demand for pre-engineered buildings in the region is contributed by India and China, owing to the growing population, economic growth, government investments, and demand for low-cost green buildings. Furthermore, foreign investors are setting up their factories and distribution centers in the developing countries of Asia Pacific owing to cheap labor, trade liberalization, and favorable government policies, further boosting the pre-engineered buildings market growth. This acts as an opportunity for the pre-engineered buildings manufacturers and suppliers. Download PDF View Full Report : https://www.marketsandmarkets.com/PressReleases/pre-engineered-building.asp

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