PEB in India: Key market research findings
- Demand for time and cost efficiency drives market growth
- Growing requirement for PEBs in remote locations
- Key vendors – BlueScope, Kirby Building Systems, Interarch Building Products, and Jindal Buildsys
Technavio’s market research analysts predict the PEB market in India to grow at a CAGR of almost 17% between 2016 and 2020. The demand for pre-engineered buildings (PEBs) in India is high due to its time and cost benefits. Since the primary and secondary framing structures of a PEB are pre-punched, pre-sheared, pre-welded, predrilled, and performed in the factory before it is shipped to the job site, the construction process becomes less time consuming and more cost efficient. Furthermore, PEBs use predesigned connections and predetermined material stock to design and fabricate the building structures. As a result, the time taken for design, fabrication, and installation is also reduced significantly.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“With the rapid growth of the e-commerce sector and the increasing presence of e-retailers, the demand for warehouses is witnessing an upsurge. Besides, the existing e-retailers are reporting exponential growth in their sales to augment this rise in demand for warehouses. PEBs offer the fastest method to construct warehouses as opposed to the conventional methods. The high demand for data centers which require warehouses is also contributing to the growth of warehouses,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
PEBs make construction in remote locations relatively easy. PEBs can be erected in a wide variety of terrains irrespective of extreme temperatures, geographical locations, dearth of resources and labor, and increased expense required for a deeper foundation. Predesigned PEBs need less raw materials and allow better inventory management. They also decrease the transportation costs, dependence on laborers, and enable better waste management.
The key vendors in the PEB market in India include BlueScope, Kirby Building Systems, Interarch Building Products, and Jindal Buildsys. The PEB market in India is highly competitive and is characterized by the presence of several well-established vendors. The majority of PEB companies have in-house R&D facilities. However, companies that cannot invest in in-house R&D facilities form alliances with other reputed companies to develop quality products. PEBs still have low penetration in some developing countries so vendors can expand their business in these countries by creating awareness about the advantages of PEB construction method.
A more detailed analysis is available in the Technavio report, PEB Market in India 2016-2020.
We can customize reports by other regions and specific segments upon request.
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