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The India Pre-Engineered Buildings (PEB) market is experiencing a significant surge in growth, driven by key factors such as population growth and urbanization. This dynamic market is witnessing emerging trends that are not only shaping its trajectory but also presenting lucrative opportunities for stakeholders. One of the notable trends accelerating the market's growth prospects is the escalating demand for warehouses.
The rapid growth of India's population and the ongoing trend of urbanization have fueled the need for robust infrastructure, including warehouses to support the expanding logistics and supply chain networks. A noteworthy contributor to the burgeoning demand for warehouses is the flourishing e-commerce sector. The surge in e-retailers has led to an unprecedented demand for storage and distribution spaces, prompting the construction of warehouses to meet the growing supply-demand dynamics.
To address the surging demand for storage facilities and enhance their distribution networks, e-retailers are increasingly turning to Pre-Engineered Buildings (PEBs) as the preferred construction method. PEBs offer a rapid and efficient solution for the construction of warehouses, aligning perfectly with the urgency posed by the escalating demand. This trend is reshaping the landscape of the PEB market, positioning it as a pivotal player in meeting the evolving needs of the e-commerce sector in India.
The demand for PEBs in the context of warehouse construction is further underscored by the need for swift project completion. E-retailers are under constant pressure to establish or expand their warehouse infrastructure rapidly to keep pace with the growing consumer demands for timely deliveries. PEBs facilitate a faster construction process compared to traditional methods, making them an ideal choice for e-retailers looking to expedite warehouse projects and enhance their operational efficiency.
According to market projections, the India Pre-Engineered Buildings (PEB) market is poised for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 11.66% during the forecast period from 2018 to 2023. This robust growth rate is indicative of the pivotal role that PEBs are playing in addressing the infrastructure needs of an expanding economy, particularly in the context of the booming e-commerce and logistics sectors.
The advantages offered by PEBs extend beyond just speed of construction. These buildings are characterized by their cost-effectiveness, structural durability, and design flexibility. The efficiency of PEBs lies in their pre-fabricated components, which are manufactured off-site and then assembled on-site, minimizing construction time and costs. This cost-effectiveness is a crucial factor for e-retailers aiming to optimize their investments in warehouse infrastructure.
The structural durability of PEBs ensures that warehouses can withstand the demands of heavy storage and constant movement of goods. This durability is essential for the longevity and reliability of warehouses, providing e-retailers with a sustainable solution for their storage needs. Additionally, the design flexibility of PEBs allows for customization based on specific requirements, accommodating the varied needs of different e-commerce businesses.
As the e-commerce sector continues to evolve and expand, the India Pre-Engineered Buildings (PEB) market is poised to play a pivotal role in supporting this growth. The market's trajectory is not only influenced by the demands of e-retailers but also by the broader trends of population growth, urbanization, and the overall development of the logistics and supply chain infrastructure.
The India Pre-Engineered Buildings (PEB) market is experiencing robust growth, fueled by the increasing demand for warehouses, particularly from the burgeoning e-commerce sector. This trend reflects the market's ability to adapt to the evolving needs of the Indian economy, offering swift and cost-effective solutions for the construction of essential infrastructure. As the demand for warehouses continues to escalate, the PEB market is positioned for sustained growth, contributing significantly to the country's infrastructure development in the coming years.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 20.99 Billion |
| Market Size Value In 2023 | USD 0.468 billion |
| Growth Rate | 11.66% (2022-2030) |
India Pre Engineered Buildings Market Highlights:
India Pre-Engineered Buildings Market Overview
The India pre-engineered buildings market size was valued at USD 0.4686 billion in 2023. India pre-engineered buildings industry is projected to grow from USD 0.501 Billion in 2024 to USD 0.888 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2024 - 2032). The growing utilization of pre-engineered buildings across various end-user industries such as warehouses and industrial, infrastructure, commercial, and residential, and the rising demand for lightweight building structures are the major market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
India Pre-engineered Buildings Market Trends
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Adoption of lean manufacturing techniques to boost the market growth
Modular construction is one of the major industries seeking lean techniques to enhance overall operational workflows. Permanent modular construction (PMC) delivers sustainable construction, utilizing offsite manufacturing techniques to prefabricate single or multi-story buildings. This improves operational performance, identifies and evaluates process improvement measures, and improves the construction workflow. Moreover, prominent key players worldwide adopt innovative approaches, including lean manufacturing and management, standardized project management (SPM), building information modeling (BIM), etc., to revolutionize the industry.
Further, the growth in the adoption of pre-engineered buildings for offices especially contributes to the growth of the pre-engineered buildings market. Owing to rapid urbanization and economic growth in developing economies, firms seek faster and more cost-effective ways to construct their office space. Pre-engineered buildings are sought for their cost-effectiveness and speedy construction. This growth is anticipated to expand the pre-engineered buildings market CAGR globally in recent years.
Moreover, Increasing awareness of environmental issues and the need for sustainable development has led to a shift towards green building practices. Pre-engineered buildings offer several advantages in terms of sustainability, including energy efficiency, reduced carbon footprint and minimized waste generation. The use of environmental-friendly materials, energy-efficient designs and renewable energy integration in pre-engineered buildings aligns with the goals of sustainable construction.
Rise in industrialization and urbanization in developing economies such as India, the increasing infrastructure investments are expected to drive the modular construction market growth. Besides, rising commercial space investments are expected to positively contribute to the prefabricated construction market revenue. For instance, in India, commercial property leasing has witnessed a growth of 30% in the first quadrant of 2019. According to secondary sources, the leased area is estimated to be around 60 million sq. ft.
A rise in industrialization and urbanization in developing economies such as India, Vietnam, and China; the increasing infrastructure investments are expected to drive the modular construction market growth. Besides, rising commercial space investments are expected to positively contribute to the prefabricated construction market revenue. For instance, in India, commercial property leasing has witnessed a growth of 30% in the first quadrant of 2019, driving the growth of the India pre-engineered buildings market revenue.
India Pre-engineered Buildings Market Segment Insights
India Pre-Engineered Buildings Material Insights
The India pre-engineered buildings market segmentation, based on material, includes steel, aluminum, and others. The steel segment dominated the market, accounting for 35% of market revenue (7.34 Billion). In developing economies, category growth is driven due to its strength, durability, and affordability; steel is one of the elements that pre-engineered buildings are most frequently made of. Using steel, pre-engineered buildings can be built more quickly, with less labor costs and less material waste. Steel structures, including warehouses, industrial buildings, and commercial constructions, can fit various needs. However, aluminum is the fastest-growing category over the forecast period. Pre-engineered buildings made of aluminum are becoming increasingly common because of their low weight, toughness, and resistance to corrosion. These structures are frequently employed as sports, military, and aviation facilities. More design freedom and the ability to create unusual shapes and configurations are benefits of using aluminum in pre-engineered buildings.
India Pre-Engineered Buildings Products Insights
The India pre-engineered buildings market segmentation, based on products, includes walls, columns & beams, roofs & floors, and others. The walls segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period. This is due to increased demand for prefabricated panels made of glass, stainless steel, or HPL that can incorporate leaded protection for hybrid operating rooms installed with radiological equipment, driving the segment. However, roofs & floors are the fastest-growing category over the forecast period owing to the rising need to avoid heat penetration from direct sunrays through the roof of buildings.
India Pre-engineered buildings Application Insights
The India pre-engineered buildings market data has been bifurcated by the application of residential, commercial, and institutional. The commercial segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, owing to the rising purchasing power of consumers, which has resulted in an increase in businesses in a short period. The ability of pre-engineered buildings to be constructed in a short time, coupled with low erection costs, is estimated to bolster its adoption in the construction of commercial buildings. However, residential is the fastest-growing category over the forecast period as pre-engineered structures are predicted to become more popular in the industrial sector due to the expanding industrialization and expansion of the manufacturing sectors in developing nations like India.
Figure 2: India Pre-Engineered Buildings Market, by Application, 2024 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
This Indian pre-engineered buildings tile is attributed to the high acceptance of advanced technologies, novel concepts, and the dynamic construction industry. Enhanced employment conditions and strong economic growth in the region are estimated to support a rise in commercial constructions over the forecast period. Moreover, huge foreign direct investments for aiding the setting up of distribution centers & manufacturing units to scale up the production capacity in the Asia Pacific region will boost the market expansion in the country.
Furthermore, the country's construction sector is rapidly growing, owing to supportive government policies, increasing investments, and the availability of cheap labor. The increasing number of manufacturing plants and growing demand for warehouses and distribution centers are projected to fuel the demand for commercial building construction. Thus, expected to fuel the market growth in the country. Moreover, increasing infrastructure investments in fast-growing economies can help to boost the pre-engineered buildings (PEB) market by creating demand for new construction projects. As economies grow, there is a greater need for new buildings and structures to accommodate the growing population and support economic activities. The structures include warehouses, factories, office buildings, retail spaces and other commercial, industrial and agricultural buildings
India Pre-engineered Buildings Key Market Players & Competitive Insights
Key market players are spending a lot of money on R&D to expand their product lines, which will help the pre-engineered buildings market grow even more. Market participants are also taking several strategic initiatives to grow their footprint in India, with key market developments such as recent product launches, mergers and acquisitions, increased investments, contractual agreements, and collaboration with other organizations. Competitors in the India pre-engineered buildings industry must deliver cost-effective items to enhance and survive in an increasingly competitive and growing market environment.
Manufacturing locally to reduce operating costs is one of the major business strategies manufacturers adopt in the India pre-engineered buildings industry to benefit clients and expand the market sector. The India pre-engineered buildings market major player such as Pidilite IndIndiatries Ltd., MYK LATICRETE INDIA PVT LTD., Saint-Gobain Weber, Fosroc India, BASF India Ltd., and others are working on enhancing the market demand by investing in research and development activities.
Pennar Engineered Building Systems Limited was established in 2008. The company delivers end-to-end building solutions for commercial, industrial, logistics, aviation, agriculture, sports stadium and other sectors powered by technical collaborations with global leaders to surpass consumer expectations through innovation, design versatility, world-class service, high-end engineering expertise and cost-effective solutions. In January 2019, India-based Pennar Engineered Building Systems Limited constructed an 18-story commercial building and 6- story school building in India.
Varco Pruden Buildings, Inc. supplies building materials. The Company offers metal framing, roof, building insulation, entry doors, windows, roof vents, and wall systems. Varco Pruden Buildings serves offices, schools, factories, warehouses, and retail stores in the State of Tennessee. In 2020, Varco Pruden Buildings partnered with Metallic Building Company, a leading manufacturer of custom-engineered metal buildings, to expand its product portfolio and market presence.
Key Companies in the India Pre-engineered buildings market include
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Tata BlueScope Steel (India)
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Era Infra Engineering Ltd (India)
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Everest Industries Limited (India)
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Pennar Industries Limited (India)
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Lloyd Insulations Limited (India)
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Kirby Building Systems (Germany)
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Interarch Building Products Pvt. Ltd (India)
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Jindal Buildsys Limited (India)
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Multicolor Steels Pvt. Ltd (India)
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SML Group (India)
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PEBS Pennar (India)
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SmithStructures (India)
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Tiger Steel Engineering (I) Pvt. Ltd (India)
Pre-engineered buildings Industry Developments
February 2023: Greater Noida, India -based EPACK Prefab Private Limited is investing roughly 200 crores in the construction of a new PEB manufacturing facility in the Tirupati district to meet the rising demand for pre-engineered buildings in the southern States, According to a press statement from the company's director, this facility would increase the company's existing production capacity of 1,00,000 metric tonnes per year (MTPA) by 84,000 MTPA.
August 2022: APL Apollo launches next-gen steel building solutions for structural steel tubes. APL Apollo has changed the future of building and construction with its wide range of heavy structural tubular products.
India Pre-engineered Buildings Market Segmentation
India Pre-Engineered Buildings Material Outlook
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Steel
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Aluminum
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Other
India Pre-engineered Buildings Products Outlook
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Walls
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Column & Beams
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Roof & Floors
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Others
India Pre-engineered Buildings Application Outlook
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Residential
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Commercial
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Institutional
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