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PRE-ENGINEERED BUILDINGS
LEAD STORY
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infrastructural, logistics, and industrial construction investments. time and cost, architectural versatility, expansion flexibility, large
Growth in new types of non-residential construction, such as clear spans, and low maintenance. The factors mentioned above
healthcare, education, recreational and social infrastructure, and are projected to fuel product demand in the industrial buildings
retail, is also fuelling the demand for single-story pre-engineered segment over the forecast period.
buildings. Furthermore, the lower price of single-story buildings and
the benefits of creating large open spaces that are efficient, easy The India Factor
maintenance, and architectural flexibility support the demand for The Indian pre-engineered buildings market is segmented into
single-story pre-engineered buildings. Single-storey is projected to steel, aluminum, and others. The steel segment is expected to
record 10.8% CAGR and reach US$40.9 billion during the same dominate the market in the near future. Prefabrication of steel
period, while the growth in the multi-storey segment is readjusted for construction has several benefits, such as the speeding
to a revised 8.2% CAGR for the next 7-year period. of construction up to 50%, a high level of quality control, and
reducing wastage. Such factors are anticipated to generate
Warehouses & Industrial segment to grow at the highest CAGR significant demand for steel. The roofs & floors segment is expected
The warehouses & industrial segment is projected to grow at the to hold the maximum market share. Prefabricated roofs & floors
highest CAGR in the future. This is attributed to the growth in the are constructed off-site using advanced technology, which helps
manufacturing, logistics, and e-commerce sectors. Growth in the PEB consume less time and require less maintenance. Such
these sectors generates the demand for factories, production factors collectively raise the demand for roofs & floors.
plants, R&D centers, warehouses, and distribution centers, In India, pre-engineered building systems find application
thereby supporting the pre-engineered buildings market growth. primarily in the construction of warehouses, & industrial sheds &
The infrastructure segment is projected to register the second- buildings. The recent focus has also shifted to cover rural and
highest growth, owing to the infrastructural investments leading urban, individual and mass housing projects, farmhouses, slum
to the demand for metro stations’ sheds, airport hangers, airport re-organization projects, rehabilitation projects, and amenity
terminal buildings, shipyards, highways and footbridges, and structures like health centers, kiosks, primary schools, panchayat
railway platform sheds. The attributes of PEB that complement ghars, etc. The pharmaceutical industries, exhibition centers,
its use in the construction of warehouses include low erection and functional requirements like offices, seminar halls, call

78 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2022