Steel buildings Metal buildings Info

by David Petina | metalconstructionnews.com

Nonresidential prefabricated building system demand in the U.S. is expected to increase 7.8 percent annually to $15.2 billion in 2015, a strong showing compared to the weakness over much of the previous decade. The recovery in office and commercial construction, coupled with continued gains in institutional, industrial and agricultural construction, will provide opportunities. The development of new products and technologies, including more tailored designs, greater cladding options for metal buildings and improved concrete mixes, will also support demand. However, competition from traditional site building will remain intense, and moderating prices for many of the raw materials used in prefabricated building systems will restrain value growth.

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Metal building systems (including components) have long been the largest segment of the U.S. nonresidential prefabricated building system industry and will remain so for the foreseeable future. While gains are not expected to match the overall prefabricated building system average, demand for metal building systems is expected to post strong 7.2 percent annual gains through 2015. Demand for metal building systems will benefit from product enhancements such as improved coatings, the increased use of nonmetal cladding systems, and greater customization. In addition, solid gains in many types of nonresidential construction, particularly the industrial and agricultural segments, will support the metal building system market.

The market for metal building systems is dominated by the standard building and components segments. Standard metal building systems, which are used in industrial, commercial, office and institutional settings, are the largest single product segment and accounted for half of metal building system demand in 2010. Metal components, which are sold separately from complete metal building systems and include roof and wall panels, secondary framing elements, fasteners and accessories, comprised an additional 37 percent of the market in 2010. The smaller agricultural and other metal building segments make up the remainder of the market. Through 2015, demand for standard metal building systems will increase 8.3 percent annually to $3.4 billion, the fastest gains in any segment of the metal building industry. The market will be supported by continued growth in the industrial and institutional building sectors, and the recovery in office and commercial building. Efforts to broaden the appeal of metal building systems in many nonresidential applications will also support growth.

Among nonmetal building systems, the modular building system segment is expected to see the strongest gains, just ahead of the panelized precast concrete segment. The modular building system market will benefit from robust growth in both commercial and institutional construction activity, as well as from the growing popularity of prefabricated bathroom and kitchen modules. Gains for panelized precast concrete systems will be driven by increases in office and commercial construction, which are among the more popular applications for these systems.

Through 2015, commercial applications are expected to post the fastest gains of any major market for prefabricated building systems. The commercial market will benefit from solid growth in construction spending and the prevalence of prefabricated structures in several commercial niches, including mini-storage facilities. In addition, both the retail and hospitality segments are expected to rebound from weak 2010 levels. In contrast, the industrial market will post the slowest gains through 2015, rising 3 percent annually.

On a regional basis, the fastest gains in nonresidential prefabricated building demand are expected in the West, which will benefit from relatively strong nonresidential construction activity, as well as from above-average population and economic growth. Traditionally, the South has led the U.S. nonresidential prefabricated building system market. Over the forecast period, this region will continue to provide solid opportunities for producers, with the market expanding by $2.1 billion from 2010 levels.

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