Metal Building System MarketSize and Trends

Metal Building System Market Report Coverage

Market Size in 2024: US$ 20,354.4 Mn Forecast Period: 2024 - 2031 Forecast Period 2024 to 2031 CAGR: 11.5% 2031 Value Projection: US$ 43,692.8 Mn

Roof System segment is expected to drive the market growth during the forecast period

The market is segmented into Roof System, Wall System and Ceiling System. The Roof System is expected to dominate.

Figure 2: Global Metal Building System Market Share (%), By Product, 2024

Metal Building System Market By Product

The global metal building system market is estimated to be valued at US$ 20,354.4 Mn in 2024 and is expected to reach US$ 43,692.8 Mn by 2031 at a CAGR of 11.5% between 2024 and 2031.

Global Metal Building System Market - Impact of Coronavirus (Covid-19) Pandemic:

The pandemic caused major disruptions in global supply chains. Lockdowns and restrictions delayed the production and delivery of essential raw materials like steel and aluminum, leading to longer lead times and higher costs for manufacturers of metal building systems. Many construction projects were postponed or canceled due to uncertainty and the economic downturn, causing decrease in demand for metal building systems. Labor shortages due to illness, quarantine measures, and movement restrictions delayed manufacturing and installation of metal building systems. This increased construction costs for metal building systems in residential and commercial projects. Manufacturers faced the challenge of navigating these disruptions while trying to maintain profitability and competitive pricing.