DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Pre-engineered Buildings Market in India 2016-2020" report to their offering.
The analysts forecast the pre-engineered building (PEB) market in India to grow at a CAGR of 16.15% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the pre-engineered building (PEB) market in India for 2016-2020. To calculate the market size, the study considers the revenue generated from the sales of PEBs in India.
The construction market in India has expanded significantly after the economic liberalization in the 1990s. The introduction of PEBs has improved the construction market in India. Additionally, with the increased approval of FDIs and the Make in India campaign initiated by the government of India, there has been a rise in the demand for infrastructure from all sectors in the country.
However, the traditional construction methods have been unsuccessful in meeting the increased demand for infrastructure from sectors such as power, warehousing, fast moving consumer goods, automotive and logistics, and pharmaceuticals. The PEB technology originated in the US and was introduced in India by Middle Eastern vendors. One of the major challenges for adopting PEBs in India is the persisting trust in traditional construction methods. With the rise in the awareness of the advantages of PEBs, the demand for these products is gradually increasing in the country.
Key vendors
- Tata BlueScope Steel
- Kirby Building Systems
- Interarch Building Products
- Jindal Buildsys Limited
Other prominent vendors
- Era Infra
- Everest Industries
- Lloyd Insulations
- Multicolor Steels
- PEBS Pennar
- SML Group
- Smith Structures
- Tiger Steel Engineering
For more information visit http://www.researchandmarkets.com/research/hwrxbl/preengineered
