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The latest report by IMARC Group, titled, “Prefabricated Building and Structural Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global prefabricated building market has reached a value of more than US$ 103 Billion in 2016, whereas, the global structural steel market has reached a value of nearly US$ 92 Billion in 2016. Prefabricated buildings are the structures which are constructed off-site by the manufacturers and then installed in the selected site according to the choices and preferences of the consumers. These buildings are ideal for operations which require short construction time, temporary structures or comparatively inexpensive construction costs. On the contrary, structural steel refers to a construction material which is sourced from particular steel grades having a cross section or shape. The strength, stiffness, toughness and ductile properties of structural steel make it a suitable alternative for applications in warehouses, refineries, cold storage, industrial sheds and aircraft hangers over wood and concrete.
Highlights of the global prefabricated building and structural steel market:
- Increasing awareness about the benefits of prefabricated building and structural steel remains the major growth-inducing factor.
- floors and roofs are the largest product type for prefabricated buildings, whereas, H type beam dominates the structural steel market.
- North America represents the largest market for prefabricated buildings, while, Asia-Pacific is the biggest market for structural steel.
The report has bifurcated the market into prefabricated building and structural steel. On the basis of type, prefabricated buildings have been segmented into floors and roofs, walls, staircase, and panels and lintels, where floors and roofs are the biggest product type. Whereas, H type beam is the largest product type for structural steel, followed by columns, I type beam and angles. Based on application, residential is the largest application for prefabricated buildings, while institutional applications dominate the structural steel market. Region-wise, North America is the leading market for prefabricated buildings followed by Asia-Pacific, Europe, MEA and Latin America. On the other hand, the major markets for structural steel include Asia-Pacific, Europe, North America, MEA and Latin America, where Asia-Pacific holds the majority of the market share.
Read full report with TOC: https://www.imarcgroup.com/prefabricated-building-structural-steel-market
The report by IMARC Group has examined the global prefabricated building and structural steel market on the basis of:
Prefabricated Buildings:
Type:
- Floors and Roofs
- Walls
- Staircase
- Panels and Lintels
- Residential
- Institutional
- Commercial
- Industrial
- North America
- Asia-Pacific
- Europe
- MEA
- Latin America
Type:
- H Type Beam
- Columns
- I Type Beam
- Angles
- Institutional
- Residential
- Commercial
- Industrial
- Asia-Pacific
- Europe
- North America
- MEA
- Latin America
GCC Prefabricated Building and Structural Steel Market Research Report: https://www.imarcgroup.com/gcc-prefabricated-building-structural-steel-market
UAE Prefabricated Building and Structural Steel Market Research Report: https://www.imarcgroup.com/uae-prefabricated-building-structural-steel-market
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