India Prefabricated Building and Structural Steel Market Synopsis
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.
Market Drivers of the market
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.
Challenges of the Market
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.
Covid-19 Impact on the Market
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.
Key Players of the Market
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.
Key Highlights of the Report:
- India Prefabricated Building and Structural Steel Market Outlook
- Market Size of India Prefabricated Building and Structural Steel Market, 2024
- Forecast of India Prefabricated Building and Structural Steel Market, 2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Revenues & Volume for the Period 2021-2031
- India Prefabricated Building and Structural Steel Market Trend Evolution
- India Prefabricated Building and Structural Steel Market Drivers and Challenges
- India Prefabricated Building and Structural Steel Price Trends
- India Prefabricated Building and Structural Steel Porter's Five Forces
- India Prefabricated Building and Structural Steel Industry Life Cycle
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Floors And Roof for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Walls for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Staircase for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Panels And Lintels for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Component for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By H-type Beam for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By I-type Beam for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Columns for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Angles for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By End-use for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Institutional for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of India Prefabricated Building and Structural Steel Market Revenues & Volume By Industrial for the Period 2021-2031
- India Prefabricated Building and Structural Steel Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By End-use
- India Prefabricated Building and Structural Steel Top Companies Market Share
- India Prefabricated Building and Structural Steel Competitive Benchmarking By Technical and Operational Parameters
- India Prefabricated Building and Structural Steel Company Profiles
- India Prefabricated Building and Structural Steel Key Strategic Recommendations