With New Zealand open to pre-engineered housing and construction from off shore, developers and those thinking of entering the market from a New Zealand base may be interested the latest market report by leading global technology research and advisory company Technavio
The global pre-engineered building market is expected to register a CAGR of around 8% during the period 2018-2022.
This market research report segments the global pre-engineered building market into the following end-users (industrial, commercial, infrastructure, and residential) and key regions (the Americas, Asia Pacific and EMEA (Europe,Middle East and Africa).
AsiaPacific held the highest share of the global pre-engineered building market in 2017, accounting for a market share of more than 43%. The market share occupied by this region is anticipated to increase by almost 2% during 2018-2022.
A key factor driving the market’s growth is not housing as many Kiwis might expect but the growing demand for warehouses. The ongoing boom in the e-commerce and logistics sectors along with the rising number of e-retailers in the market drives the demand for warehouses.
Industries such as FMCG (fast moving consumer goods) agriculture, and consumer durables require warehouses, wherein they can stock their inventories and release commodities as per the demand in the market.
In this report, pre-engineered green buildings have been highlighted as one of the key emerging trends in the market:
Green buildings are structures that are designed, built, renovated, operated, and reused in an ecological and resource-efficient manner.
The report says the world is shifting toward the adoption of green manufacturing concepts, which mainly focus on enhancing the efficiency of resources and reducing the impact on human health, productivity, and environment.
“The advent of pre-engineered buildings is a step forward toward the adoption of green building concept. The environmental impact during the construction of spaces such as buildings has always been detrimental.
In most cases, buildings account for extensive debris, soil disturbance, topography of the area, and severe energy consumption along with toxic waste,” says one senior analyst.
The industrial segment held the largest market share in 2017, accounting for over 47% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
Some of the key topics covered in the report include:
Market landscape, ecosystem, characteristics, segmentation analysis, size and forecast and the
Geographical segmentation includes regional comparison and the market drivers, challenges, trends and the vendor landscape behind the key leading countries.
This includes vendor classification, market positioning and a competitive scenario.
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With over 500 specialised analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Its client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.