In the late 2000s, the Great Recession hit the United States, decelerating construction across the country. Since the industry’s low point in 2011, however, construction found its stride again. According to Policy Advice, the industry generated over $2 trillion in revenue in 2019 alone. Preengineered buildings, or PEBs, represented 71% of the commercial market and 95% of the industrial market. PEB global sales are forecasted to reach almost $31 billion by 2025, according to Globe Newswire. With an increasing number of businesses choosing this method of construction, you might be wondering if you should invest in a preengineered building for your business. Let’s take a look at some benefits of this type of construction.
1. Cost Savings
In prefab metal building projects, the manufacturer is involved in the planning and design stages. This collaboration between manufacturer and customer ensures each building is accurately built to the design specifications. This results in a reduction in waste, lower labor costs, and time savings. In fact, preengineered buildings are constructed 30-50% faster than traditional construction, according to Buildings Guide.
2. Low Maintenance
Because prefabricated buildings are made of metal, they require minimal maintenance. They aren’t susceptible to pests and don’t require a lot of upkeep. Many customers also report a reduction in heating and air costs and insurance premiums.
3. Durability
These buildings are constructed of I-frames and load considerations are accounted for during the design process. This ensures your preengineered building is sturdy enough to take heavy loads and meet your business needs.
4. Sustainability
When it comes to green construction and sustainability, PEBs are the obvious winner. Their life-cycle costs and recyclability mean minimal impact on the environment.
Lower construction costs combined with minimal environmental impact and design versatility make prefabricated buildings the ideal choice for new construction. As consumers learn more about the benefits of PEBs, an increasing number are choosing these efficient buildings over traditional construction. Give us a call today at Machnick Builders LTD to get started!