Metal building systems are professionally engineered constructions that offers cost-effective and efficiency in low-rise buildings. The metal building system producers use CADD (computer-aided design and drafting tools) to customized structures of each building system and all building accessories are depend on the consumer’s requirements and specifications and on the local and national building unique codes. The basic components of the metal building system consists of major rigid frames, such as roof purlins, wall girts, bracing and cladding. These components are structured and develop to act as an integrated metal building system.
The metal building systems are used in almost in every building application. They are used in manufacturing applications such as warehouses, complex production facilities and distribution centres. Furthermore, they are used in shopping centres, retail stores, airplane hangars, office buildings, libraries, churches, hospital buildings and government offices.
Restraint
The cost of metal building system and the corrosion occurred on the metal hampers the market of metal building system. The corrosion is natural phenomenon which occurs on metals which are widely seen in automotive, building infrastructure and others. It is the reaction caused by metal material with surrounding environment. The metal building are made up of many metals such as steels, aluminium and others, whereas, the metal building made up of steel get exposed to air, and cause rust, which reduces the toughness of the steel and makes the structure of the building weak. Thus, these are some factors contributing to hamper the metal building market growth.
Metal Building System Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 492.53 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9.2% | 2030 Value Projection: | US$ 1094.22 Mn |
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Companies covered: |
TATA Steel, ArcelorMittal S.A., Romakowski GmbH & Co. KG, Lattonedil Spa Milan, ZhongJie Group, Al Shahin Metal Industries, Nucor Building Systems Sales Corporation, Macegaglia Carbon Steel - India, Italpannelli Srl, Balex Metal, BCOMS (ZAMIL) and Paroc Group Oy, Others |
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Global Metal Building System Market - Impact of Coronavirus (Covid-19) Pandemic:
Metal building system had a negative impact during Covid-19 globally. The prices of steel and other metals fluctuate during covid-19, in accordance with demand and supply side of metal production. 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. Some of the major operating companies in metal building system market such as TATA Steel, ArcelorMittal S.A. had partial shutdown of companies which results a production loss.
North America held dominant position in the global metal building system market in 2021, accounting for 35% share, in terms of value, followed by Europe and Asia Pacific.
Figure 1: Global Metal Building System Market Share (%), By Region, 2021
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North America is expected to dominate the metal building system market. This is due to the increasing number of players manufacturing metal building in North America. There is also an increase in the acquisition to develop the metal buildings. For instance, in June 2022, Nucor Corporation, a steel manufacturer based in the U.S. acquired Summit Utility Structures LLC, a U.S based manufacturer of tubular poles and related company, Sovereign Steel Manufacturing LLC, U.S based steel manufacturing structures. The motive of the acquisition is to expand footprint globally of steel structures.
Commercial Buildings segment is expected to drive the market growth during the forecast period
The market is segmented into commercial building and residential building. The commercial building is expected to dominate due to the rising demand of commercial spaces in various industries such as retail, offices and others.
Figure 2: Global Metal Building System Market Share (%), By Application, 2021
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The global metal building system market is estimated to be valued at US$ 492.53Mn in 2022 and is expected to reach US$ 1094.22Mn by 2030 at a CAGR of 9.2% between 2022 and 2030.
Major players operating in the global metal building system market include TATA Steel, ArcelorMittal S.A., Romakowski GmbH & Co. KG, Lattonedil Spa Milan, ZhongJie Group, Al Shahin Metal Industries, Nucor Building Systems Sales Corporation, Macegaglia Carbon Steel - India, Italpannelli Srl, Balex Metal, BCOMS (ZAMIL) and Paroc Group Oy among others.
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