PUBLISHER: Grand View Research | PRODUCT CODE: 1529655
PUBLISHER: Grand View Research | PRODUCT CODE: 1529655
U.S. Pre-engineered Metal Building Market Size, Share & Trends Analysis Report By Application (Office, Warehouse, Healthcare, Education, Recreational, Manufacturing, Lodging & Restaurants), And Segment Forecasts, 2024 - 2030
U.S. Pre-engineered Metal Building Market Growth & Trends:
The U.S. pre-engineered metal building market size is expected to reach USD 21.03 billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the advantages of pre-engineered metal buildings over conventional steel buildings, including less erection time and costs, high seismic resistance, and lightweight. Growing inflation and increasing cost of raw materials are projected to further enhance the necessity of pre-engineered metal buildings in the U.S. over the forecast period.
Increasingly prioritizing sustainability by governments, businesses, and consumers which is resulting in growing demand for green building solutions in the U.S. such as pre-engineered metal buildings. By aligning with sustainability initiatives and offering eco-friendly solutions, PEMB providers can not only drive the market but also contribute positively to environmental conservation efforts in the U.S.
Growing awareness regarding maintaining a clean environment has boosted the adoption of pre-engineered metal buildings as they do not generate any on-site waste, and steel is recyclable. In addition, they provide various advantages, such as cost-effectiveness, reduced labor and maintenance costs, and a faster design & construction process, which makes them preferable for making modular buildings.
Moreover, support for decarbonization has increased the demand for green steel, particularly from the end user market. This is consistent with the steel industry's growing shift toward environment-friendly steel production to reach net-zero emissions. With their goals to employ sustainable steel products, many end-use industries, such as automotive, office, warehouse, education, healthcare, agriculture, and lodging & restaurants, are expected to increase the demand for low-carbon steel and thus, propel the use of pre-engineered metal buildings over the forecast period.
The pre-engineered metal industry is progressive and provides numerous advantages to consumers over traditional construction. However, the market faces certain challenges, which can hinder its growth. The demand for prefabricated construction is growing for apartment buildings and hotels, where every unit can be standardized and stacked over one another. But, in cases where the modules need to be distinct and non-repetitive, pre-engineered construction loses its key advantages of cost and time to a certain extent.
The value chain of the pre-engineered building market is characterized by the presence of raw material manufacturers/suppliers, manufacturers, and contractors/erectors. The designing of PEB structures is done using software, such as StaadPro, AutoCAD, MBS, and Tekla. The design is then sent to the customer for approval, after which fabrication of the building is initiated.
The transporters of pre-engineered metal building must be careful with problems such as bridges, tight turns, traffic problems, crane setup, and any temporary road closure permits. Companies must plan module sizes in accordance with the size of the road and the capacity of the crane. Furthermore, skilled labor is required to handle trailers and cranes. Thus, the transportation of prefabricated structures from off-site to on-site is one of the challenges for the market.
U.S. Pre-engineered Metal Building Market Report Highlights:
- The demand for the product is expected to increase at the fastest rate of 9.2% in manufacturing application over the forecast period. For manufacturing plants looking to expand their operations or increase production capacity, pre-engineered metal buildings offer a flexible and scalable solution. Additional modules can be easily added to existing structures, allowing businesses to grow without significant downtime or disruption to their operations
- Major market players are continuously focusing on research and development activities to improve the quality of steel during its processing for developing high-quality pre-engineered metal buildings
- The fluctuations in steel prices are expected to be a key concern for the suppliers. However, the presence of raw material suppliers in large numbers in the U.S. is projected to ease raw material procurement. Furthermore, the availability of advanced transportation facilities in the U.S. is projected to ensure low bargaining power of suppliers in the market over the forecast period
- The U.S. pre-engineered metal building market is very competitive owing to the presence of medium- to large-scale players. Pre-engineered metal buildings are attractive alternatives to traditional wood buildings owing to their quick construction, high strength and versatility, and reduced costs. These buildings are developed offsite in specialized facilities and are primarily made by assembling components, such as walls, roofs, and staircases. Thus, pre-engineered metal buildings require additional capital investments and land availability for expansion purposes
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Pre-engineered Metal Building Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Pre-engineered Metal Building Market
- 3.2. Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.2.2. Manufacturing trends
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.1.1. Growth in warehousing activities across the U.S.
- 3.4.1.2. Rising economic development in Western & Southern U.S.
- 3.4.2. Market restraint analysis
- 3.4.2.1. Limitations associated with transportation
- 3.4.3. Industry opportunity
- 3.4.4. Industry challenges
- 3.4.1. Market driver analysis
- 3.5. Business Environment Analysis
- 3.5.1. Porter's Analysis
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTEL Analysis, by SWOT
- 3.5.2.1. Political Landscape
- 3.5.2.2. Environmental Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Economic Landscape
- 3.5.2.6. Legal Landscape
- 3.5.1. Porter's Analysis
Chapter 4. U.S. Pre-engineered Metal Building Market: Application Estimates & Trend Analysis
- 4.1. Application Takeaways
- 4.2. Application Market Share Analysis, 2023 - 2030
- 4.3. U.S. Pre-Engineered Metal Building Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 4.3.1. Office
- 4.3.1.1. U.S. pre-engineered metal building market Estimates & Forecast, By office, 2018 - 2030 (USD Billion)
- 4.3.2. Warehouse
- 4.3.2.1. U.S. pre-engineered metal building market Estimates & Forecast, By warehouse, 2018 - 2030 (USD Billion)
- 4.3.3. Healthcare
- 4.3.3.1. U.S. pre-engineered metal building market Estimates & Forecast, By healthcare, 2018 - 2030 (USD Billion)
- 4.3.4. Education
- 4.3.4.1. U.S. pre-engineered metal building market Estimates & Forecast, By education, 2018 - 2030 (USD Billion)
- 4.3.5. Recreational
- 4.3.5.1. U.S. pre-engineered metal building market Estimates & Forecast, By recreational, 2018 - 2030 (USD Billion)
- 4.3.6. Manufacturing
- 4.3.6.1. U.S. pre-engineered metal building market Estimates & Forecast, By manufacturing, 2018 - 2030 (USD Billion)
- 4.3.7. Agriculture
- 4.3.7.1. U.S. pre-engineered metal building market Estimates & Forecast, By agriculture, 2018 - 2030 (USD Billion)
- 4.3.8. Lodging & Restaurants
- 4.3.8.1. U.S. pre-engineered metal building market Estimates & Forecast, By lodging & restaurants, 2018 - 2030 (USD Billion)
- 4.3.9. Other Applications
- 4.3.9.1. U.S. pre-engineered metal building market estimates & Forecasts, by other applications, 2018 - 2030 (USD Billion)
- 4.3.1. Office
Chapter 5. U.S. Pre-engineered Metal Building Market: Supplier Intelligence
- 5.1. Kraljic Matrix
- 5.2. Engagement Model
- 5.3. Negotiation Strategies
- 5.4. Sourcing Best Practices
- 5.5. Vendor Selection Criteria
- 5.6. List of Raw Material Suppliers
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Competition Categorization
- 6.3. Company Heat Map Analysis, 2023
- 6.4. Company Listing
- 6.4.1. BlueScope Buildings North America
- 6.4.1.1. Company Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. Western Steel Buildings
- 6.4.2.1. Company Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. American Buildings
- 6.4.3.1. Company Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. PEMB-USA
- 6.4.4.1. Company Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. Kirby Building Systems, LLC
- 6.4.5.1. Company Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. Phenix Construction Technologies
- 6.4.6.1. Company Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. Nucor Building Systems
- 6.4.7.1. Company Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. Inland Building Systems
- 6.4.8.1. Company Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Star Building Systems
- 6.4.9.1. Company Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. Schulte Building Systems, Inc.
- 6.4.10.1. Company Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Strategic Initiatives
- 6.4.11. Cornerstone Building Brands, Inc.
- 6.4.11.1. Company Overview
- 6.4.11.2. Financial Performance
- 6.4.11.3. Product Benchmarking
- 6.4.11.4. Strategic Initiatives
- 6.4.12. Corle Building Systems, Inc.
- 6.4.12.1. Company Overview
- 6.4.12.2. Financial Performance
- 6.4.12.3. Product Benchmarking
- 6.4.12.4. Strategic Initiatives
- 6.4.13. SBI Metal Buildings
- 6.4.13.1. Company Overview
- 6.4.13.2. Financial Performance
- 6.4.13.3. Product Benchmarking
- 6.4.13.4. Strategic Initiatives
- 6.4.14. Great Western Buildings
- 6.4.14.1. Company Overview
- 6.4.14.2. Financial Performance
- 6.4.14.3. Product Benchmarking
- 6.4.14.4. Strategic Initiatives
- 6.4.1. BlueScope Buildings North America
List of Tables
- Table 1 U.S. Pre-Engineered Metal Building Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 2 U.S. Pre-Engineered Metal Building Market Estimates and Forecast, By States, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market snapshot
- Fig. 7 Competitive outlook
- Fig. 8 Value chain analysis
- Fig. 9 Pre-engineered steel manufacturing process
- Fig. 10 Market Dynamics
- Fig. 11 Number of establishments in warehousing and storage in the U.S., 2012 - 2023
- Fig. 12 Porter's five forces analysis
- Fig. 13 PESTEL analysis
- Fig. 14 U.S. Pre-Engineered Metal Building Market, by Application: Key Takeaways
- Fig. 15 U.S. Pre-Engineered Metal Building Market Revenue Share, by Application, 2023 & 2030 (%)
- Fig. 16 U.S. pre-engineered metal building market estimates & forecasts, by office, 2018 - 2030 (USD Million)
- Fig. 17 U.S. pre-engineered metal building market estimates & forecasts, by warehouse, 2018 - 2030 (USD Million)
- Fig. 18 U.S. pre-engineered metal building market estimates & forecasts, by healthcare, 2018 - 2030 (USD Million)
- Fig. 19 U.S. pre-engineered metal building market estimates & forecasts, by education, 2018 - 2030 (USD Million)
- Fig. 20 U.S. pre-engineered metal building market estimates & forecasts, by recreational, 2018 - 2030 (USD Million)
- Fig. 21 U.S. pre-engineered metal building market estimates & forecasts, by manufacturing, 2018 - 2030 (USD Million)
- Fig. 22 U.S. pre-engineered metal building market estimates & forecasts, by agriculture, 2018 - 2030 (USD Million)
- Fig. 23 U.S. pre-engineered metal building market estimates & forecasts, by lodging & restaurants, 2018 - 2030 (USD Million)
- Fig. 24 U.S. pre-engineered metal building market estimates & forecasts, by other applications, 2018 - 2030 (USD Million)
- Fig. 25 Kraljic Matrix
- Fig. 26 Vendor Selection Criteria
- Fig. 27 Company Categorization
- Fig. 28 Company Market Positioning Analysis
