The market of Pre-Engineered Buildings (PEBs) has been growing rapidly in India in the recent past. This is mainly because of the need to find an affordable, quick and sustainable solution to construction problems. PEBs have found application in industrial, commercial, warehousing and logistics segments and are more sustainable than conventional construction methods. PEBs are more flexible in construction, time efficient to assemble, less wasteful of materials and are cheaper to maintain, making them ideal for a dynamic economy such as India’s. The increase in infrastructure development in India has been a major factor to this growth through government led campaigns like the ‘Make in India’ and the increase in FDI in industrial sectors. PEBs have found applications in automotive, pharmaceuticals, retail and e-commerce segments for warehousing and factory structures and have offered the industry sound growth prospects.
In addition, increasing urbanization and the development of smart cities are increasing the use of PEBs in commercial areas such as offices, showrooms, and hotels. Also, the rising trend of green and sustainable buildings along with India’s efforts to cut down the carbon emission has further boosted the demand of PEBs as they are more energy efficient and environment friendly. The Indian PEB market has been benefiting from this trend by increasing the production capacity and offering a wide range of services to various industries. Based on these factors, the PEB market in India is expected to sustain its growth as the demand in the future years is expected to increase steadily.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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