Burgeoning Construction Sector to Affect India Pre-Engineered Buildings Market Positively

26/feb/2020 12:16:35 Automotive Market Research Reports Contatta l'autore

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The Global India Pre-engineered Buildings Market is predicted to touch USD 3.56 billion at an 11.63% CAGR over the forecast period (2016-2020), reveals the latest Market Research Future (MRFR) report. Pre-engineered buildings, simply put, are factory-built steel buildings that are shipped to the site and also bolted together. Pre-engineered buildings are ideally suited to warehouses and industrial buildings as the technology is affordable, fast to erect, and can be dismantled and carried to another site.

Various factors are pushing the growth of the India pre-engineered buildings market. These factors, in accordance to the Market Research Future (MRFR) report, include a growing number of infrastructural development projects, huge investments made in the construction sector, burgeoning construction sector, the inflow of foreign investment, and technological advancements. Additional factors pushing the market growth include scope for customization, sustainable, green practices, booming logistics and e-commerce sectors, and low ecological impact.

On the contrary, lack of workforce, coupled with project execution criticalities are factors that may impede the India pre-engineered buildings market growth over the forecast period.

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Market Segmentation

The Market Research Future report offers a wide segmental analysis of the India pre-engineered buildings market based on products, material, and application.

Based on material, the India pre-engineered buildings market is segmented into aluminum, steel, and others. Of these, the steel segment is predicted to have the largest share in the market over the forecast period. Steel has a couple of benefits in the construction sector, such as speed of construction, reduced wastage, and high level of quality control. All these factors are likely to drive the demand for steel.

Based on products, the India pre-engineered buildings market is segmented into roofs and floors, columns and beams, walls, and others. Of these, the roofs and floors segment is predicted to dominate the market over the forecast period. Pre-fabricated roofs and floors are made off-site through advanced technology and need less time and maintenance.

Based on application, the India pre-engineered buildings market is segmented into industrial, commercial, and residential. Of these, the residential segment is predicted to have the maximum share in the market over the forecast period. This is owing to rapid urbanization and increasing population.

Regional Analysis

The India pre-engineered buildings market is experiencing robust growth owing to the growing popularity of pre-engineered building systems and infrastructure development in the industrial sector. Various sectors, such as capital goods, FMCG, pharma, logistics, power, and automotive, are offering substantial growth opportunities for pre-engineered buildings in India. The major demand for such buildings in India is owing to economic growth, increasing population, and the growing construction industry. The escalated amount of investments made in India has motivated the region’s construction sector. Moreover, the inflow of foreign investment is predicted to augment market demand.

Everest Industries, a leading building solutions company in Noida, is instrumental in popularizing the PEB concept in India and has been associated with the construction of various projects such as the Ro-Ro Ferry Terminal in Gujarat as well as the Goa Shipyard. The introduction of pre-engineered buildings has enhanced the country’s construction market. Moreover, the approval of FDIs, coupled with the Make in India campaign that has been initiated by the government of India, has boosted the demand for infrastructure from every sector in the country. Optimal use of PEB in India is seen in sports facilities, warehouses, industrial sheds, and others. 

Key Players

Leading players profiled in the India pre-engineered building market include SML Group (India), Tiger Steel Engineering (India), Smith Structures Private Ltd. (India), Pennar Engineered Building Systems Ltd. (India), LLOYD Insulations Ltd. (India), Multicolor Steels Pvt. Ltd. (India), Everest Industries (India), Jindal Buildsys Ltd. (India), Era Infra Engineering Ltd. (India), Interarch Building Products Pvt. Ltd. (India), and Tata Bluescope Steel Ltd. (India).

Feb 2019- Everest Steel Building Solutions has launched India’s first ever manual on PEB (pre-engineered building) in Hyderabad. This manual will be used by project managers, design engineers, and architects as a reference guide, technical orientation, and training tool to design, detail, manufacture, and also erection of pre-engineered steel buildings.

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