India Pre-Engineered Buildings Market Information Report by Material (Steel, Aluminum and Others), by Application (Commercial, Industrial and Infrastructure) – Forecast To 2020.
Pre-engineered buildings are factory-built fabricated structures which use raw material which is best suited such as primary secondary frames, roof wall sheets that are connected using different engineering methods to build structural and aesthetic requirements. This construction type is used in industrial buildings and warehouses.
According to Market Research Future (MRFR), the PEB market is valued at USD 2.06 billion in 2015, and it is projected to reach USD 3.56 billion by 2020, growing at 11.63?GR over the forecast period.
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The usage of PEBs across several applications has broadened the scope of the PEB market in India. The demand for less time-consuming and cost-effective construction with high aesthetic values has helped the market for PEB to grow in all major commercial, industrial and infrastructure sectors. Also, due to various government policies, the number of SEZs in India is increasing significantly, which will drive the demand for the pre-engineered buildings in the region.
The factors leading to increased awareness about PEBs are the ease of installation, faster completion, flexibility in design, expandability, workshop fabrication, recyclable material, and energy efficiency. Also, the availability of cost-completive labor force, ample availability of raw materials and low market penetration of PEB also contribute to the market. Rising steel prices, workshop fabrication, availability of skilled workforce, and the high cost of labor are some of the critical issues hindering the market growth.
Forthcoming trends such as the development of smart cities in India is gaining popularity as they are highly innovative in sustainable real estate, infrastructure, communication technology, and market viability. Furthermore, in these cities, IT, automated sensor networks, and data centers will establish the central infrastructure to offer the residents all the vital services. The government has announced 98 cities as smart cities, which comprise of 24 capital cities, 18 cultural and tourist cities, 24 business and industrial centers, three education and healthcare hubs, and five port cities.
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Smart cities are being established in association with foreign investors and governments that are interested in developing new private enterprises in India. For example, the UK, through domestic private corporations, is collaborating with India to develop the Bangalore-Mumbai economic corridor project. The expansion of smart cities in India will lead to an increased demand for construction across residential and commercial sectors, which will subsequently drive this market over the next forecast period.
The India Pre-Engineered Buildings Market growth is restricted due to factors like fluctuations in raw material prices, difficulties arising in project execution and lack of workforce with the required technical competencies.
Some of the prominent players of the PEBs market include-
- Kirby Building Systems (Kuwait)
- Tata Bluescope Steel Ltd. (India)
- Interarch Building Products Pvt. Ltd (India)
- Era Infra Engineering Ltd. (India)
- Jindal Buildsys Ltd. (India)
- Everest Industries (India)
- Multicolor Steels Pvt. Ltd. (India)
- LLOYD Insulations Ltd. (India)
- Pennar Engineered Building Systems Ltd. (India)
- Smith Structures Private Ltd. (India)
- Tiger Steel Engineering (India)
- SML Group (India)
These are some of the leading players operating in this market.
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September 21, 2018 – Pennar Engineered Building Systems (PEBS – India), a PIL subsidiary and a global leader in pre-engineered buildings announced securing orders worth Rs 181 crore (approximately USD 2 billion) across its various verticals and subsidiary companies.
Pennar Industries (PIL) has received multiple orders aggregating Rs 131 crore across its business verticals such as building products, railways, solar, tubes, industrial components, among others from their long-standing customers including Mahindra, Thermax, LT, Yamaha, and Endurance Technologies.
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
The PEB market in India is segmented by material into steel, aluminum, and others. By application, the market is segmented into commercial, industrial and infrastructural. By regions, the market is segmented into India as a whole and its states.
Steel has the largest market share and remains the default construction material in the industrial sector of the PEB market and is contributing to its growth. The recent, striking increase in steel prices has raised the cost of constructing pre-engineered buildings by 25% or more.
The benefits of PEB has led the Indian government to undertake infrastructural development projects based on PEB methods thus contributing to the market size of pre-engineered buildings. The PEB market has a vast scope in India presently, due to the rise in industrialization and economic stability, and the increase in foreign investments in India, subsequently leading to the overall growth of commercial, industrial, and infrastructural sectors of the market.
Scope of Report
The report for India Pre-Engineered Buildings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/value Chain Analysis
3.4 Porter’s Five Forces Analysis
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