The awareness of PEBs benefits has increased the demand for pre-engineered buildings. Experts have anticipated the Pre-Engineered Buildings Market in India to be worth USD 48.4 Billion by 2030, registering a CAGR of 11.66% during the forecast period (2022 – 2030). The market has been valued at USD 18.1 billion in 2021.
Also, analysts had predicted the market to increase at a CAGR of 16.15% during the period 2016-2020.
Segmentation of Indian Pre-Engineered Buildings
The industry experts have segmented India’s pre-engineered buildings based on products, materials and applications.
Segmentation based on materials – The market is categorized into aluminum, steel, and others. Experts have expected the steel segment to dominate the market during the forecast period. This is because of manifold benefits of the prefabrication of steel for construction, such as –
- The speeding of construction up to 50%
- High level of quality control
- Reduced wastage
- Time-savings
- Versatile, quality and durable structures
- Low-maintenance required
- Sustainable and options to offer architectural options.
Such factors are considered to boost the demand for steel.
Segmentation based on products – The Indian pre-engineered buildings have been categorized into columns, walls, beams, roofs, floors, and others based on products.
Please remember that roofs and floors hold the maximum market share. They are built off-site using modern technologies and techniques, which take less time in construction and require low maintenance. Segmentation based on applications – Experts have segmented the Indian PEBs market into residential, commercial, and industrial.
