Description

The Indian pre-engineered buildings market is on a growth trajectory due to high growth expected construction, infrastructure, and industrial sectors. Ease of installation, faster completion, flexibility in design, expandability, workshop fabrication, recyclable material, and energy efficiency are the factors leading to increased awareness level. Steel remains the default construction material in the industrial segment. However, the penetration of PEB in building segment is slow and mainly concentrated on metro cities. Increasing steel prices, Workshop fabrication, availability of skilled manpower, and high cost of manpower are some of the key issues facing the market, which will in turn increase the cost of the PEB in the long run.