A Surge in Demand鈥攁nd in Price Fluctuations
Metal buildings aren鈥檛 just a niche choice anymore; they鈥檝e become a go-to solution for industries spanning agriculture, logistics, retail, and more. According to , global steel demand is on track to expand at about 2.8% per year through 2030, reflecting a broader trend toward prefabricated construction methods that offer speed, durability, and cost savings.
Over the past few years, the global steel market has seen notable volatility. After 2020, many industries experienced labor and supply-chain disruptions that affected raw material prices. According to Grand View Research, steel is projected to grow at a compound annual growth rate (CAGR) of around 2.8% from 2023 to 2030, but that growth is not always smooth. Between late 2020 and the end of 2021, certain structural steel prices reportedly spiked by as much as 91%. These surges pushed many businesses to reevaluate budgets, reexamine project timelines, and look harder at cost-saving measures in their building designs.
Despite these swings, the appeal of metal buildings has only increased. 亚博体育官网首页鈥檚 inherent strength, combined with modern prefab technology, has turned what used to be a niche building type into a mainstream choice for large and small projects alike. And with building and infrastructure now accounting for , it鈥檚 clear that metal structures aren鈥檛 just a passing trend.