Pre-engineered Building Market To Reach $32.62 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Pre-engineered Building Market Growth & Trends

The global pre-engineered building market size is expected to reach USD 32.62 billion in 2030 and is expected to grow at a CAGR of 11.6% from 2025 to 2030. Increasing technological advancements in the construction industry coupled with advantages of pre-engineered buildings (PEBs), such as reduced construction time, are estimated to boost product demand over the forecast period.

The adoption of off-site construction for commercial buildings is witnessing significant growth as structures are manufactured in a factory and thus remain unaffected by weather conditions. These structures are manufactured using advanced machinery that aids in reducing material cost, thereby making it cost-effective.

Industry participants undergo integration across value chain by offering turnkey engineering, procurement, and construction (EPC) solutions post manufacturing of pre-engineered buildings, which is expected to fuel the demand. However, fluctuating prices of steel are likely to be a significant concern for manufacturers over the forecast period.

The market for pre-engineered buildings is highly competitive on account of existence of a large number of global players. Companies operate through manufacturing facilities at multiple locations with distribution being carried out at several sales locations across operation areas. Furthermore, operations of a few companies in the market are integrated vertically to engage in production and erection of pre-engineered buildings in commercial, industrial, and residential applications.

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Pre-engineered Building Market Report Highlights

• The commercial buildings application segment is expected to grow at a CAGR of 11.4% from 2025 to 2030, owing to rising investments in non-residential infrastructure such as offices, retail spaces, and healthcare facilities.

• The industrial buildings segment dominated the global pre-engineered building industry and accounted for the largest revenue share of 57.7% in 2024.

• North America pre-engineered building market dominated the global market and accounted for the largest revenue share of 30.8% in 2024.

• Asia Pacific pre-engineered building market is expected to grow at a CAGR of 13.0% over the forecast period, owing to rapid urbanization and population growth.