Pre-engineered Building (PEB) Market to Reach USD 3.56 Bn by 2020 | Robust Expansion by Top Key Manufactures, Demand and Supply to 2023

India Pre-Engineered Buildings Market Information Report by Material (Steel, Aluminum and Others), by Application (Commercial, Industrial and Infrastructure) - Forecast To 2020.

Tata Bluescope Steel Ltd. (India), Kirby Building Systems (Kuwait), Interarch Building Products Pvt. Ltd (India), Jindal Buildsys Ltd. (India), Era Infra Engineering Ltd. (India), Everest Industries (India), LLOYD Insulations Ltd. (India), Multicolor Steels Pvt. Ltd. (India), Pennar Engineered Building Systems Ltd. (India), SML Group (India), Smith Structures Private Ltd. (India) and Tiger Steel Engineering (India) are some of the leading players operating in this market.

The pre-engineered buildings market in India has grown by leaps and bounds over the last decade and is further estimated to witness high growth owing to initiatives by the government focusing on manufacturing and infrastructure development that leads the demand for steel structures. Indian market is expected to expand at a healthy CAGR over the forecast period due to the rapid economic growth.

Acknowledging the colossal traction the PEB market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the India pre-engineered buildings market is projected to reach USD 3.56 Bn. by 2020, growing at 11.63% CAGR from 2016-2020.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/2565

Increasing number of infrastructural development projects backed by huge investments is substantiating the market growth. The burgeoning construction sector in the country is undergoing a massive transformation with a number of major building projects being planned currently. The inflow of foreign investment encourages the market growth of PEB in India.

There lay many opportunities for foreign investors in India PEB market as the Indian government is rapidly undertaking infrastructural redevelopment projects. Some of these projects include high-rises (residential & commercial), mass housing, airport terminal buildings, railway stations, bridges, flyovers, multi-level parking, metro stations, sports stadiums, entertainment centers, and others.

Despite these advantages, there are still some challenges intimidating the Indian market of pre-engineered buildings. These challenges include project execution criticalities and lack of workforce with the required technical competencies.

Nevertheless, technological advancements are increasingly bringing about software that efficiently eases processes helping builders to input design data for the project. Moreover, sustainable, green practices followed in PUB help to get construction permits faster, this, along the inflations in traditional construction methods is expected to support the market growth, presaging that pre-engineered buildings are here to stay.

Steel forms a major component of PEB and steel prices are volatile in nature. The recent, dramatic increase in steel prices has raised the cost of constructing pre-engineered buildings by 25% or more. The supply chain which is highly dependent on circumstances in the steel sector mirrors the price levels closely of the same. Simultaneously, logistics continue to contribute to the price pattern with differentiation based on plant and site location. However, with the introduction of Goods and Service Tax (GST) in India, the cascading effects of taxes are eliminated, and the taxation has become uniform in all states of India.

The fact that the pre-engineered buildings allow customization that further reduces the construction time duration acts as a tailwind pushing up the market growth of PEBs. Secondly, the amount of environmental impact caused during any construction has always been detrimental due to the extensive debris, soil disturbance, topography of the area, and severe energy consumption along with the toxic waste.

Whereas PEBs can be designed, built, renovated, operated, and reused in an ecological and resource-efficient fashion. The emergence of PEB is a step forward to the adoption of green building concept. The low ecological impact is another key force that is helping the PEB market to garner massive traction in India.

Considering the benefits of PEB, the Indian government is undertaking infrastructure development projects based on PEB methods which farther the uptake and hence, the market size of pre-engineered buildings. Besides, the booming e-commerce and logistics sector in India particularly escalates the PUB market growth, increasing the demand for storage facilities such as warehousing and others.

Industry Advancements/Related News

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 (Approx. 2 Bn. USD) across its various verticals and subsidiary company.

Pennar Industries (PIL) has received multiple orders aggregating Rs 131 crore across its business verticals such as building products, railways, solar, tubes, industrial components, etc. from their long-standing customers including Mahindra, Thermax, L&T, Yamaha, and Endurance Technologies.

Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/2565

India Pre-engineered Buildings - Segments

MRFR has segmented its analysis into four key dynamics for enhanced understanding.

By Materials : Steel and Aluminum among others.

By Applications : Commercial, Industrial, and Infrastructure among others.

By Regions : India as a whole and its states.

India Pre-engineered Buildings - Competitive Landscape

The PEB market in India demonstrates a vast pool of opportunities to expand & grow due to the availability of cost-completive labor force, ample availability of raw materials and a low market penetration of PEB. Creating awareness about the benefits of PEB construction method in India will fetch good results.

Considering the advantages of scale efficiency and process effectiveness can further push the green envelope to the positive side, market players ensure that the structures are primarily manufactured in controlled workshops instead of in-situ.

These players try to bring novelty in their PEB products integrating them with other technologies. For instance; with the emergence of roof-mounted solar systems, Everest Industries Ltd. (India) started offering customized solutions such as innovative ‘red’ and ‘white’ material (PEB+LGSF+building). These product solutions include roofing, boards & panels and roof-mounted solar systems that meet the entire spectrum of customer demand with single-point responsibility and responsiveness.

Target Audience

• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

Table of Contents

1 Executive Summary

2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
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

Continued...........

Ask for your specific company profile and country level customization on reports.

Get More Information on India Pre-Engineered Buildings Market Research Report – Forecast to 2020 @ https://www.marketresearchfuture.com/reports/india-pre-engineered-buildings-market-2565

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 524/528
Amanora Chambers
Magarpatta Road
Hadapsar
Pune -411028
Maharashtra, India

This release was published on openPR.