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Report Description

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 2.7 Billion

CAGR (2023-2028)

USD 5.42 Billion

Market Size (2028)

12.32%

Fastest Growing Segment

Commercial

Largest Market

West India


India Prefabricated Buildings Market is anticipated to register a healthy CAGR during the forecast period.

Prefab houses sometimes referred to as prefabricated homes, are ones that have been built using prefabricated construction materials. These construction materials are prefabricated in a facility off-site, transported there, and then put together. Prefabricated houses combine conventional home ownership with modern technologies. Utilizing various techniques, such as 3-D printing, these dwellings are constructed in advance and erected off-site. Modular dwellings are defined as having at least 70% of their components prefabricated. This facilitates disassembling, moving, and assembling these dwellings. Prefab homes are less expensive, more environment friendly, and more aesthetically pleasing than traditional residences. Prefab houses are built with concrete-based and metal-fabricated construction elements. The lack of raw resources has presented a number of problems for manufacturing enterprises. Additionally, the suspension of construction contracts has slowed the market expansion for prefabricated buildings. The decline in building and construction activities has had a substantial influence on market growth since it has reduced demand for prefabricated building systems. India will need 50 million houses by 2022, and there are more than 90 proposed smart cities. Industry analysts predict that prefabricated housing and off-site building will be essential to accomplishing such large targets in such a short period of time.

Government Initiatives in the Infrastructure and Construction Sector

In India, there is a record-high need for infrastructure. The government has given Real Estate Investment Trust (REIT) approval to help investors come forward and invest in the Indian real estate market as it looks to accelerate the growth of infrastructure in the country. As a result, an opportunity worth USD 19.65 billion will be created in the Indian market over the coming years. The government intends to introduce the most recent technology to the building industry through the Global Housing Technology Challenge.

The country has set aside USD 29.2 billion for the Smart-Communities project, which aspires to build sustainable, world-class cities. By June 2020, investments totaling USD 16.5 billion had completed 75% of the planned projects. The national government has allocated a sum of USD 16.5 million for HRIDAY, a program to develop heritage cities. The infrastructure and construction sector is expected to experience tremendous expansion as a result of several other government projects and plans, including AMRUT and PMAY (Pradhan Mantri Awas Yojana, a national housing program). This would in many ways boost the prefabrication market.

Precast Concrete Holds Largest Share in the Market

Due to a rise in building activities off-site, precast concrete now retains the biggest market share. The country's government is actively developing its infrastructure, which has led to a strong demand for building supplies such as concrete, that is also relatively high. A increase in non-residential and residential development is anticipated due to growing urbanization.

 

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In order to meet the growing demand for housing and infrastructure building, precast concrete construction technology is one of the most promising options. Between April 2019 and January 2020, cement output decreased to 278.79 million tonnes from 337.32 million tonnes in 2018–19. Cement and gypsum products attracted Foreign Direct Investment (FDI) worth USD 5.28 billion between April 2000 and December 2019, according to statistics made public by the Department for Promotion of Industry and Internal Trade (DPIIT).

Cement and concrete are now utilized most in housing (67%), infrastructure (13%), commercial real estate (11%), and industrial real estate (8%). Over the next three years, cement producers are expected to boost capacity to over 56 metric tonnes in order to fulfil this growing demand for precast materials. The need for ready mix concrete in India is being driven by a number of reasons, including rapid urbanization, population growth, and increased government attention to infrastructure development.

Transportation Issues Associated with Prefabricated Building Systems

Prefabricated construction is now regarded as a rapid, environment-friendly, and economical method of construction. While prefabricated towers and skyscrapers have recently become popular for bigger projects, this technique has historically been more frequently employed for modest residential buildings. Prefabricated pieces need to be put together at the facility before being brought to the site to be put together. This procedure comes with a number of dangers, including delayed or damaged deliveries, high transportation costs, and more. Prefabricated building solutions that are designed for performance may appear ideal in theory, but they lack customization and attention to detail. By producing items off-site rather than on-site, a separation develops between the architect and the manufacturer. Furthermore, any inexpensive substitute would put the need for prefabricated building technology in jeopardy. Therefore, the prefabricated building systems' transportation-related problems might limit market expansion throughout the forecast period.

Market Segmentation

The India Prefabricated Buildings Market is divided on the basis of size, structure and application. Based on size, the market is further bifurcated into single family and multiple family. On the basis of structure, the market is further segmented into skeleton system, panel system, cellular system, and combined system. On the based on application, the market is further divided into residential, commercial, and industrial.

Market Players

Major market players in India Prefabricated Buildings Market are Everest Industries Limited, Satec Envir Engineering (India) Private Limited, E-PACK Polymers Pvt. Ltd., Speed 4 Prefab Solutions Pvt. Ltd., Balarka Fabricon Private Limited, Loom Crafts  Shade Systems Pvt Ltd,ASS Engineers India Pvt. Ltd, Primex Building Systems Pvt Ltd, Champion Prefabs Pvt Ltd and Interarch Building Products Pvt. Ltd.

Attribute

Details

Base Year

2023

Historic Data

2019 – 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Revenue in USD Million and CAGR for 2019-2023 and 2024-2029

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Size

Structure

Application

Region

Regional scope

North India, South India, West India, and East India

Key companies profiled

Everest Industries Limited, Satec Envir Engineering (India) Private Limited, E-PACK Polymers Pvt. Ltd, Speed 4 Prefab Solutions Pvt. Ltd, Balarka Fabricon Private Limited, Loom Crafts Shade Systems Pvt Ltd ,, ASS Engineers India Pvt. Ltd, Primex Building Systems Pvt. Ltd, Champion Infratech Pvt. Ltd. and Interarch Building Products Pvt Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the India Prefabricated Buildings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Prefabricated Buildings Market, By Size:

o   Single Family

o   Multiple Family

  • India Prefabricated Buildings Market, By Structure:

o   Skeleton System

o   Panel System

o   Cellular System

o   Combined System

  • India Prefabricated Buildings Market, By Application:

o   Residential

o   Commercial

o   Industrial

  • India Prefabricated Buildings Rental Market, By Region:

o   North India

o   South India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Prefabricated Buildings Market.

Available Customizations:

 TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Prefabricated Buildings Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Prefabricated Buildings Market

4.    Executive Summary

5.    Voice of Customers

6.    India Prefabricated Buildings Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Size (Single Family and Multiple Family)

6.2.2.    By Structure (Skeleton System, Panel System, Cellular System, and Combined System) 

6.2.3.    By Application (Residential, Commercial, and Industrial.)

6.2.4.    By Region (North, East, West, South)

6.3.  By Company (2022)

6.4.  Market Map

7.    North India Prefabricated Buildings Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Size

7.2.2.    By Structure

7.2.3.    By Application

8.    South India Prefabricated Buildings Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Size

8.2.2.    By Structure

8.2.3.    By Application

9.    East India Prefabricated Buildings Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Size

9.2.2.    By Structure

9.2.3.    By Application

10.  West India Prefabricated Buildings Market Outlook

10.1.   Market Size & Forecast

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Size

10.2.2. By Structure

10.2.3. By Application

11.  Market Dynamics

11.1.   Drivers

11.1.1. Ease in the development of customized products

11.1.2. Government investment in Infrastructure projects

11.1.3. It reduces the time of construction by 20-30%

11.1.4. The method is cost-effective as on-site construction requires less labour.

11.2.   Challenges

11.2.1. Scarcity of raw materials.

11.2.2. Construction contracts halted

11.2.3. Transportation Issue

12.  Market Trends & Developments

12.1.   Government Initiatives

12.2.   Merger & Acquisitions

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Company Profiles

15.1.   Everest Industries Limited

15.1.1. Business Overview

15.1.2. Key Revenue and Financials (If Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.   Satec Envir Engineering (India) Private Limited

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (If Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.   E-PACK Polymers Pvt. Ltd

15.3.1. Business Overview

15.3.2. Key Revenue and Financials (If Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Service

15.4.   Speed 4 Prefab Solutions Pvt. Ltd

15.4.1. Business Overview

15.4.2. Key Revenue and Financials (If Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Service

15.5.   Balarka Fabricon Private Limited

15.5.1. Business Overview

15.5.2. Key Revenue and Financials (If Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.6.   Loom Crafts  Shade Systems Pvt Ltd

15.6.1. Business Overview

15.6.2. Key Revenue and Financials (If Available)

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.7.   ASS Engineers India Pvt. Ltd

15.7.1. Business Overview

15.7.2. Key Revenue and Financials (If Available)

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.8.   Primex Building Systems Pvt. Ltd

15.8.1. Business Overview

15.8.2. Key Revenue and Financials (If Available)

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.9.   Champion  Infratech Pvt. Ltd

15.9.1. Business Overview

15.9.2. Key Revenue and Financials (If Available)

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

15.10. Interarch Building Products Pvt Ltd.

15.10.1.               Business Overview

15.10.2.               Key Revenue and Financials (If Available)

15.10.3.               Recent Developments

15.10.4.               Key Personnel

15.10.5.               Key Product/Services

16.  Strategic Recommendations

17.  About Us & Disclaimer

The data given for any year represents the market during the period, i.e., 1st April of the former year to 31st March of latter year. Eg: For FY2023E, the data represents the period, 1st April 2022 to 31st March 2023.

Figures and Tables

Frequently asked questions

Frequently asked questions

Everest Industries Limited, Satec Envir Engineering (India) Private Limited, E-PACK Polymers Pvt. Ltd, Speed 4 Prefab Solutions Pvt. Ltd, Balarka Fabricon Private Limited, Loom Crafts Shade Systems Pvt Ltd, ASS Engineers India Pvt. Ltd, Primex Building Systems Pvt Ltd, Champion Infratech Pvt. Ltd. and Interarch Building Products Pvt. Ltd. are some of the leading players in the India Prefabricated Buildings Market.

The skeleton segment dominated the market of prefabricated buildings in India fir 2023 owing to high tensile strength, low weight and small volume as compared to others segments namely, panel system, cellular system and combined system.

The main factors driving the India Prefabricated Buildings Market are ease in the development of customized products, government investment in infrastructure projects and reduces time of construction by 20-30%.

Scarcity of raw materials, halting of construction contracts, and transportation issues are the major challenges faced by the India Prefabricated Buildings Market.

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