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The trajectory of urbanization in India has become a pivotal factor in shaping the landscape of the construction industry. Over the past few decades, there has been an exponential increase in the urbanized population, leading to a surge in demand for housing, job opportunities, transportation networks, and comprehensive infrastructure. This trend reflects a profound societal shift with far-reaching implications for economic development and the construction sector.
As of 2017, the World Bank reported that India's urban population had reached a staggering 450.0 million, constituting 33.6% of the total population. This marked urban expansion is indicative of the ongoing urbanization trend, propelled by factors such as rural-to-urban migration and natural population growth within urban areas. The implications of this demographic shift are profound, creating a multi-faceted demand for various urban amenities and infrastructure.
Recognizing the challenges and opportunities posed by rapid urbanization, the Indian government has proactively initiated measures to enhance urban infrastructure. Financial allocations and strategic policies have been introduced to address the growing needs of urban centers. Notable among these initiatives are the Pradhan Mantri Awas Yojana- Housing for All (Urban) and the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). These programs are designed to facilitate and accelerate the urbanization process by focusing on critical aspects of urban development.
The Pradhan Mantri Awas Yojana, with its objective of "Housing for All (Urban)," aims to provide affordable housing solutions for urban residents. By addressing the housing needs of the burgeoning urban population, this program contributes not only to fulfilling a basic human requirement but also to fostering sustainable urban development. The emphasis on affordable housing aligns with the diverse socioeconomic backgrounds of urban dwellers, ensuring inclusivity in the process of urbanization.
The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) represents another significant step in bolstering India's urban infrastructure. Launched in 2005, JNNURM focuses on various aspects of urban development, including housing, water supply and sanitation, urban transport, and the enhancement of road networks. By targeting these fundamental components, JNNURM aims to create well-planned and sustainable urban centers capable of accommodating the evolving needs of the urbanized population.
The multifaceted impact of urbanization on the construction industry is evident in the diverse projects and developments underway. The surge in demand for housing necessitates innovative construction methods, and the emphasis on sustainable urban development requires a comprehensive approach to infrastructure. In this context, the construction industry plays a central role in translating urbanization challenges into opportunities for growth and development.
Beyond housing, the construction sector is intricately linked to the development of critical urban infrastructure. The provision of water supply and sanitation facilities, efficient urban transport systems, and well-connected road networks are vital components that contribute to the overall livability and functionality of urban areas. Meeting these infrastructure needs requires a collaborative effort involving government bodies, private enterprises, and the construction industry.
While the government-led initiatives are crucial drivers of urban development, the construction industry's adaptability and innovation are equally pivotal. The evolving urbanization landscape demands construction practices that are not only efficient but also sustainable. Pre-engineered buildings, advanced construction technologies, and eco-friendly practices are becoming integral to meeting the demands of rapidly growing urban centers.
The impact of urbanization on the construction industry in India is profound and multifaceted. The demographic shift towards urban living necessitates a holistic approach to infrastructure development. Government initiatives like the Pradhan Mantri Awas Yojana and JNNURM are catalysts for change, providing the framework for sustainable urbanization. The construction industry, in response to these challenges and opportunities, is evolving to meet the diverse demands of housing, infrastructure, and urban amenities. As India continues on its path of urbanization, the synergy between government policies, societal needs, and construction industry innovation will play a pivotal role in shaping the urban landscape of the nation.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Various developments by the market players.E-retailers are constructing warehouses to enhance their distribution. |
| Market Dynamics | The growing utilization of pre-engineered buildings across the various end-user industries such as warehouses and industrial, infrastructure, commercial, and residential.The increasing usage of steel in construction and building projects |
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.
February 2023: As reported by the Director of EPACK Prefab Private Limited, the company based in Greater Noida has begun working on the construction of a new PEB manufacturing facility in Tirupati district and will invest about 200 crores in this facility since PEBs are in great requirement in southern states. This facility will add more production capacity for the company, which is currently standing at 100,000 metric tons per annum, by an additional 84000 metric tones per annum.
August 2022: New development from APL Apollo of steel building solutions for tubular construction, APL Apollo has altered the building and construction paradigm with its complete assortment of heavy structural tubular construction components.
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.
In March 2024- Ratnabhumi Steeltech became the leading manufacturer of MS ERW Pipes and Tubes as well as Pre Engineered Buildings (PEB). This development is indicative of the company's potential in offering primary construction materials which is consistent with the expansion of the global market for pre-engineered buildings. The competencies of Ratnabhumi, in that regard, are substantial and aid immensely in the construction industry's infrastructure requisites.
In July 2024, Pennar Industries, which deals in engineering goods and solutions, plans to establish a factory for the production of pre-engineered buildings (PEB) in Raebareli in Uttar Pradesh.
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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