Pre-Engineered Building (PEB) Steel Structures are a type of building system used for manufacturing, constructing and erecting metal buildings. The components used in the system are pre-cut and pre-drilled in the factory and then shipped to the site where they are quickly and easily assembled with minimal manual labour. The product range of Pre-Engineered Building (P.E.B) Steel Structures includes prefabricated building frames, warehouses, exhibition halls, schools, hospitals and industrial workshops. This system also offers competitive advantages such as low installation costs, high durability, minimum maintenance costs, flexible designs and a fast construction period. Looking at the future outlook of Pre-Engineered Building (P.E.B) Steel Structures, one can expect an increase in demand due to its cost-effectiveness and ease of installation. As the technology advances, this system is expected to become even more efficient in terms of time and money saved.
Benefit of Starting This Industry
The Pre-Engineered Building (P.E.B) Steel Structure industry offers a wide range of benefits to those considering investing in it.
Firstly, the cost of materials and labor is lower than that of traditional steel structures. This allows for a quicker return on investment and higher profits. Additionally, these buildings require less maintenance than traditional steel structures, saving costs over the long-term. The construction process is also much faster compared to traditional structures, leading to a shorter lead time for projects. The use of pre-engineered buildings also offers more flexibility in design. These buildings can be easily modified or extended with ease due to their modular nature. This makes them ideal for changing needs and circumstances over time. Moreover, they are also resistant to extreme weather conditions and fire, ensuring the safety of the structure and its occupants. Finally, Pre-Engineered Building (P.E.B) Steel Structures are more eco-friendly than traditional steel structures as they are made from recyclable materials. This reduces their carbon footprint, making them an attractive option for those looking to reduce their environmental impact. In addition, their lightweight nature means they can be quickly moved or relocated if needed. Overall, investing in the Pre-Engineered Building (P.E.B) Steel Structure industry offers numerous benefits to those considering entering this market.
Indian Market Outlook
India Pre-Engineered Buildings Market is projected to be worth USD 48.4 Billion by 2030, registering a CAGR of 11.66% during the forecast period (2022 - 2030), the market was valued at USD 18.1 billion in 2021. India is the fastest growing market in the PEB construction segment at 9.5%, ahead of China at 8.5%. The Industry size of Pre-Engineered buildings in India is $0.38 billion. Currently, 33% of the Indian Construction industry is based on PEBs, whereas the remaining 67% is Conventional construction. Era BuildSys is trying to enter into all sectors for growth potential in coming projects. Overall the PEB industry in India is expected to grow rapidly at around 35% per annum (which is considered as a conservative estimate). As per the industry experts, potential growth with current capacity is 10% year-on-year basis. Hence there would be good scope for capacity expansion for the current market players in the Indian PEB Industry.
Global Market Outlook
The Pre-engineered Buildings market industry is projected to grow from USD 12071.0081 million in 2022 to USD 30019.92548 million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.90% during the forecast period (2022 - 2030). The pre-engineered buildings market segmentation based on product, includes walls, columns & beams, roof & floors, and others. The roof & floors segment held the majority share in 2021, contributing to the pre-engineered buildings market data. Regarding value, flooring and roofs are important components of pre-engineered structures worldwide. The building's roof serves as its top covering and is exposed to the most solar radiation. It must be safe and stable to carry the burden that human activity has placed on it. Roofs also need to be insulated from sound and heat. Additionally, floors are essential components for both architectural flexibility and design. The floors' load-bearing capacity directly impacts a PEB's partition walls and other structural components.
Walls is the second fastest-growing segment, which accounts for a considerable share of the pre-engineered buildings market. Structures made of pre-engineered components are adaptable. For a civilized finish, they can be customized with various fascia types, canopies, glass partitions, etc., creating a structure with an exquisite appearance. Precast concrete wall panels, curtain walls, block walls, and other wall systems can be installed on other structural elements like curving eaves.
Conclusion
Pre-Engineered Building (P.E.B) Steel Structures are becoming increasingly popular due to their many advantages. They are strong, cost effective, durable, and can be erected quickly and efficiently. The industry is growing rapidly and offers a great opportunity for those looking to enter into this business. With careful planning and the right resources, this industry can be a great way to make a good return on investment and provide customers with quality structures that will last for years. It is a business that is worth investing in and exploring further.
Key Companies
· Bluescope
· Zamil Steel Holding Company
· Kirby Building Systems
· Nucor Corporation
· Everest Industries
· NCI Building Systems
· PEB Steel
· Lindab Group
· ATCO, among others
