The Global Metal Building System Market is expected to reach US$ 43,692.8 Mn by 2031, registering a CAGR of 11.5% during the forecast period (2024-2031), according to the Global Metal Building System Market Report, by Product (Roof System, Wall System & Ceiling System), by Application (Residential Building, Commercial Building), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), published by Coherent Market Insights.
A metal construction system, also called as a pre-engineered steel building system that includes four different types of steel framing designed to work together to build a proper structure to construct a building with various materials and metals. Further, the market is being driven by rising commercial steel buildings constructed with metal building systems that can look almost exactly same as conventional construction. Another factor driving market demand is the growing need for warehouses as the pre-engineered buildings is the quickest way to build which is likely to boost the market growth over forecast period.
Global Metal Building System Market - Impact of Coronavirus (Covid-19) Pandemic:
COVID-19 had an impact on various manufacturing industries in the years 2020-2021, resulting in the closure of workplaces, disruption of supply chains, and transportation restrictions. Several countries, including China, India, and Brazil, imposed a lockdown in this face, resulting in the shutdown of production and manufacturing facilities. The pandemic had a significant impact on the building, construction, electrical, and other industries, which had a negative impact on the market as the production of metals were affected due to the breakage in supply chain of metals. There was a stoppage of imports and exports of national and international products due to the government regulations imposed by covid-19. However, with increasing relaxations, an increase in import and export is expected to boost the market growth.
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Key Trends and Analysis of the Global Metal Building System Market:
- The trend towards green building for public and commercial facilities. Commercial building owners are focusing on building initiatives as industrial expansion continues. This trend can be observed in various countries and regions including U.S., Asia and Europe, where builders are integrating innovative solutions such as green roofs, living walls, passive solar design, recycled and sustainable insulation, DC power, and plant-based materials.
- The adoption of modular construction is rising as it lower construction cost, reduced errors and waste. Due to which the builders are opting for modular construction which is likely to boost the market growth over forecast period.
- Major players operating in the global metal building system market include American Building, BlueScope Buildings North America, Inc., Canam Group, Interarch Building Products Pvt. Ltd., ATAS International, Inc., Metallic Building Company, CECO Building System, Röder Group, Schulte Building Systems, Zamil Steel Holding Company Limited.
