India Pre Engineered Buildings Market

Adoption of lean manufacturing techniques to boost the market growth

Modular construction is one of the major industries seeking lean techniques to enhance overall operational workflows. Permanent modular construction (PMC) delivers sustainable construction, utilizing offsite manufacturing techniques to prefabricate single or multi-story buildings. This improves operational performance, identifies and evaluates process improvement measures, and improves the construction workflow. Moreover, prominent key players worldwide adopt innovative approaches, including lean manufacturing and management, standardized project management (SPM), building information modeling (BIM), etc., to revolutionize the industry.

Further, the growth in the adoption of pre-engineered buildings for offices especially contributes to the growth of the pre-engineered buildings market. Owing to rapid urbanization and economic growth in developing economies, firms seek faster and more cost-effective ways to construct their office space. Pre-engineered buildings are sought for their cost-effectiveness and speedy construction. This growth is anticipated to expand the pre-engineered buildings market CAGR globally in recent years.

Moreover, Increasing awareness of environmental issues and the need for sustainable development has led to a shift towards green building practices. Pre-engineered buildings offer several advantages in terms of sustainability, including energy efficiency, reduced carbon footprint and minimized waste generation. The use of environmental-friendly materials, energy-efficient designs and renewable energy integration in pre-engineered buildings aligns with the goals of sustainable construction.

A rise in industrialization and urbanization in developing economies such as India, Vietnam, and China; the increasing infrastructure investments are expected to drive the modular construction market growth. Besides, rising commercial space investments are expected to positively contribute to the prefabricated construction market revenue. For instance, in India, commercial property leasing has witnessed a growth of 30% in the first quadrant of 2019, driving the growth of the India pre-engineered buildings market revenue.

February 2023: As reported by the Director of EPACK Prefab Private Limited, the company based in Greater Noida has begun working on the construction of a new PEB manufacturing facility in Tirupati district and will invest about 200 crores in this facility since PEBs are in great requirement in southern states. This facility will add more production capacity for the company, which is currently standing at 100,000 metric tons per annum, by an additional 84000 metric tones per annum.

August 2022: New development from APL Apollo of steel building solutions for tubular construction, APL Apollo has altered the building and construction paradigm with its complete assortment of heavy structural tubular construction components.

Key market players are spending a lot of money on R&D to expand their product lines, which will help the pre-engineered buildings market grow even more. Market participants are also taking several strategic initiatives to grow their footprint in India, with key market developments such as recent product launches, mergers and acquisitions, increased investments, contractual agreements, and collaboration with other organizations. Competitors in the India pre-engineered buildings industry must deliver cost-effective items to enhance and survive in an increasingly competitive and growing market environment.

Manufacturing locally to reduce operating costs is one of the major business strategies manufacturers adopt in the India pre-engineered buildings industry to benefit clients and expand the market sector. The India pre-engineered buildings market major player such as Pidilite IndIndiatries Ltd., MYK LATICRETE INDIA PVT LTD., Saint-Gobain Weber, Fosroc India, BASF India Ltd., and others are working on enhancing the market demand by investing in research and development activities.

Pennar Engineered Building Systems Limited was established in 2008. The company delivers end-to-end building solutions for commercial, industrial, logistics, aviation, agriculture, sports stadium and other sectors powered by technical collaborations with global leaders to surpass consumer expectations through innovation, design versatility, world-class service, high-end engineering expertise and cost-effective solutions. In January 2019, India-based Pennar Engineered Building Systems Limited constructed an 18-story commercial building and 6- story school building in India.

Varco Pruden Buildings, Inc. supplies building materials. The Company offers metal framing, roof, building insulation, entry doors, windows, roof vents, and wall systems. Varco Pruden Buildings serves offices, schools, factories, warehouses, and retail stores in the State of Tennessee. In 2020, Varco Pruden Buildings partnered with Metallic Building Company, a leading manufacturer of custom-engineered metal buildings, to expand its product portfolio and market presence.