The phrasing of PEBs across the different applications has provided a wide scope to the market of pre-engineered building in India. The requirement of lowered time consumption and cost-effective construction methodologies with a high degree of aesthetic value have supported the market for PEB to grow in various underlining sectors, such as commercial, industrial and infrastructure. In addition to this, because of varied and cardinal government policies, the number of SEZs in our nation, India, is increasing on a recognizable number. This, furthermore, will boost the demand potential for the PEB zone in the on-spot locations of construction in the development related regions.
Market Highlights
India is one of the best markets for the PEB sector, which is growing at a fast rate of around 9.5 percent, and it is ahead of a wide-spread market of China, which stands at a growth rate of 8.5 percent. The sector size of the PEB zone in India stands for around $0.38 billion. In the present context, near about 33 percent of the Indian construction field is dependent and based on the PEB sphere, however, the rest of the 67 percent is covered by the constitutional construction groups. In this row, the speed by which the building technology in the PEB industry is enhancing reminds us of the manner in which the making-in roads in the country, especially in the commercial and the residential sections in both the city and countryside areas, is turning to become a large-scale building maker market not only for the nation but also for the world investors.
Key Players
Everest Industries, LLOYD Insulations Ltd., Interarch Building Products Pvt. Ltd., Jindal Buildsys Ltd., Era Infra Engineering Ltd., Kirby Building Systems, Multicolor Steels Pvt. Ltd., Pennar Engineered Building Systems Ltd., SML Group, Smith Structures Private Ltd., Tiger Steel Engineering, Tata Bluescope Steel Ltd.
Market Research Analysis
Based on the materials used, the PEB market is divided as steel, aluminum and others. On the application front, the market is bifurcated into the commercial, industrial and the infrastructure sectors. In this row, the commercial sector accounts for the highest market share is analysed to touch the USD 1.45 billion with a CAGR of around 12.51 percent in the coming period of 2019-2024. The commercial sect is dealing with the high-rise buildings, super markets, multiplexes and sports stadium. However, the industrial movement in India is facing an exhilarating position with a lot of foreign and domestic investments, with an increased number of manufacturing units and offices.
PEB Boosters
There are different boosters working as well in the market to provide a sound impetus to channelize the growth and the demand potential in the PEB stats, and here the major influencer is the central government’s ‘Make in India’ campaign, where an in-depth analysis and push is given to develop the field of infrastructure and robust the projects which will further contribute towards the economic magnification. These reforms and other such strong motivating factors are going to bring beneficial developments in the field construction, which is going to bring positive momentum to the PEB district in the upcoming decade and even more time scale.
Future Scope
The overall analytical forecast for the PEB sector in India for the period of 2019-2024 is around 5 percent CAGR. In addition to it, with an increasing number of e-retailers, the demand for the warehouses is also going to get a paramount amplification. During the last few years, the online sales accounted for 7.5 percent of the total sales which are done globally and is predicted to reach near to 13 percent by the time period of 2020. To conclude, it could be said that the supply, demand and growth needles of the PEB sector are going to improve the conventional methods of constructing and these are going to bring a broader range of the development activities over the coming 4-5 years.
