Armstrong Steel discusses projected significant growth in the steel construction industry through 2023 and beyond.
DENVER, Nov. 23, 2022 /PRNewswire-PRNewswire/ — Demand for prefabricated steel buildings is skyrocketing, according to Armstrong Steel. Due to the many benefits that these prefabricated houses offer, new industries are turning to this type of building for their structural needs.
The recently released World Prefabricated Market Report 2022 shows that the global steel market will be valued at US$26.87 billion by 2026, with a CAGR or CAGR of 11.98%.
Prefabricated buildings have load-bearing columns, rafters, purlins, purlins and panels that are specifically designed and manufactured for each purchased building and then assembled on site according to installation drawings, with all components numbered according to the drawing.
Although prefabricated steel buildings such as those produced by Armstrong Steel Buildings are widely used in workshops, warehouses, public halls, factories, airport hangars, shopping malls, etc., today they are also in great demand in office buildings. .
Prefabricated steel buildings have many advantages, including flexibility of use, speed of construction, and overall cost. Therefore, it is only natural that more and more industries are turning to this type of construction for their architectural needs.
The growing demand for prefabricated steel buildings in the office space market is an important factor in the expected growth of the overall market. In many developing countries experiencing economic growth and rapid urbanization, these prefabricated steel buildings are preferred because they are cost effective and can be built faster than traditional buildings.
The report also states that prefabricated steel buildings account for 75% to 80% of all new corporate and commercial buildings. Therefore, it is not surprising that the industry is expected to explode in 2023 and beyond.
According to Armstrong Steel Buildings, one of the biggest trends in the steel building industry is the adoption of green building practices that positively impact climate change. Traditionally, steel production consumes a lot of energy and generates a lot of emissions.
New technological advances are enabling steelmakers to not only reduce energy consumption but also reduce emissions at the same time.
Prefabricated steel buildings are also very environmentally friendly. Armstrong Steel notes that the steel itself is 100% recyclable and can be reused many times without compromising the integrity of the material. This is another reason why prefabricated steel buildings can be a smart investment for any company, organization or individual in need of a new structure.
As a leading manufacturer of prefabricated metal buildings, Armstrong Steel Buildings is proud to supply high quality steel buildings to North America. Armstrong Steel Buildings has been supplying high quality steel buildings to residential, commercial, agricultural, industrial, hemp, government and military establishments for nearly 20 years.