| Product Code: ETC372924 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s prefabricated building and structural steel import shipments in 2024 continued to be dominated by key exporting countries such as China, Thailand, Japan, Vietnam, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a strong compound annual growth rate (CAGR) of 23.99% from 2020 to 2024, the sector is experiencing significant expansion. The impressive growth rate of 17.04% from 2023 to 2024 underscores the continued demand for prefabricated buildings and structural steel in India, highlighting the importance of these imports for the construction industry.

The prefabricated building and structural steel market in India is estimated to be valued at over US$ 31 billion, growing at a CAGR of over 6%. The growth in this sector can be attributed to increasing demand for fast construction methods, better quality control, and improved safety standards due to the increased awareness among stakeholders about prefab structures. Furthermore, government initiatives such as Pradhan Mantri Awas Yojana (PMAY) are likely to further drive the demand for pre-engineered buildings & structural steel components in India.
India prefabricated building and structural steel market have been buoyed by the rising demand for quick, efficient, and eco-friendly construction solutions. Prefabricated buildings and structural steel components enable faster construction timelines and reduced environmental impact, making them attractive options for developers and driving market growth.
The prefabricated building and structural steel market, the demand has risen due to the rapid pace of infrastructure development. Nevertheless, the sector faces challenges related to logistics and transportation, especially for large prefabricated structures and heavy steel components. Additionally, resistance to adopting modern construction methods and materials in traditional construction practices remains a hurdle in some regions.
The COVID-19 pandemic had significant effects on the prefabricated building and structural steel market in India. With restrictions on construction activities and disruptions in the supply chain, the sector experienced a slowdown. However, as the pandemic led to a rise in demand for healthcare infrastructure, there was an increased focus on prefab solutions for medical facilities.
In the India prefabricated building and structural steel market, significant key players include Tata BlueScope Steel, Jindal Buildsys Limited, Interarch Building Products Pvt Ltd, and Everest Industries Limited.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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