India Prefabricated Buildings Market Size (2024 - 2029)

The prefabricated building market in India is poised for significant growth, driven by the country's expanding construction sector. Despite challenges posed by the COVID-19 pandemic, which disrupted construction activities and reduced demand, the market is expected to recover and expand. The potential for prefabricated construction is substantial, with India anticipated to become a leading construction market globally. However, the market's expansion is hindered in some regions by bureaucratic hurdles and land availability issues.

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Market Size of India Prefabricated Buildings Industry

India Prefabricated Buildings Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 13.00 %
Market Concentration Medium

Major Players

India Prefabricated Buildings Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Prefabricated Buildings Market Analysis

The size of India prefabricated buildings market is USD 2.3 billion in the current year and is anticipated to register a CAGR of over 13% during the forecast period.

  • The COVID-19 pandemic had caused massive disruption to construction projects all over India. Manufacturing companies faced a variety of challenges because of the scarcity of raw materials. Furthermore, construction contracts had been halted, resulting in a decrease in the growth of the prefabricated building market.
  • The demand for prefabricated building systems had decreased significantly because of the decline in building and construction operations, which led to a significant impact on market growth.
  • There is a big opportunity for prefab companies in India, and hundreds of thousands of plants are expected to be required in the future. Over the next few years, India will feature among the fastest-growing countries in terms of construction output, making technology intervention a key component. India is expected to become the third-largest construction market in the world by 2025.
  • Prefab construction doesn't require significant investment to maintain it. While some cities, such as Bengaluru, have adopted the concept of prefab, other parts of India continue to face challenges, owing to issues such as government approvals and the lack of suitable land for construction.

India Prefabricated Buildings Industry Segmentation

A prefabricated building, informally a prefab, is a building that is manufactured and constructed using prefabrication. It consists of factory-made components or units transported and assembled on-site to form the complete building.

The Indian prefabricated buildings market is segmented by material type (concrete, glass, metal, timber, and other material types) and by application (residential, commercial, and other applications [industrial, institutional, and infrastructure]). The report offers market size and forecasts for India's prefabricated buildings industry in value (USD) for all the above segments.

By Material Type
Concrete
Glass
Metal
Timber
Other Material Types
By Application
Residential
Commercial
Other Applications (Industrial, Institutional, and Infrastructure)
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India Prefabricated Buildings Market Size Summary

The prefabricated building market in India is poised for significant growth, driven by the country's rapid urbanization and increasing demand for efficient construction methods. Despite the challenges posed by the COVID-19 pandemic, which disrupted construction activities and led to a temporary decline in market demand, the sector is expected to rebound strongly. The Indian construction industry is on track to become one of the largest globally, with prefabricated building systems playing a crucial role in meeting the burgeoning housing and infrastructure needs. The government's initiatives, such as the Pradhan Mantri Awas Yojana, aim to enhance housing quality and reduce construction time, further bolstering the adoption of prefabricated technologies. However, challenges like regulatory approvals and land availability continue to pose hurdles in some regions.

The market landscape is moderately fragmented, with key players like Everest Industries Limited, Satec Envir Engineering (India) Private Limited, Epack Prefab, and others driving innovation and expansion. These companies are investing significantly in new manufacturing facilities to increase production capacity, catering to the growing demand for prefabricated solutions. The government's focus on infrastructure development, supported by initiatives like the National Infrastructure Pipeline, is expected to provide a substantial boost to the market. As India aims to enhance its urban infrastructure and improve the quality of life through smart city initiatives, the prefabricated building market is set to experience robust growth, supported by technological advancements and strategic investments.

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India Prefabricated Buildings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Government Initiatives for Affordable Housing

        2. 1.2.1.2 Modular Construction Growth in the Country

      2. 1.2.2 Restraints

        1. 1.2.2.1 Transportation Challenges

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Rapid Urbanization

        2. 1.2.3.2 Technological Advancements

    3. 1.3 Supply Chain / Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technological Trends

    6. 1.6 Brief on Different Structures Used in the Prefabricated Buildings Industry

    7. 1.7 Cost Structure Analysis of the Prefabricated Buildings Industry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Concrete

      2. 2.1.2 Glass

      3. 2.1.3 Metal

      4. 2.1.4 Timber

      5. 2.1.5 Other Material Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Other Applications (Industrial, Institutional, and Infrastructure)

India Prefabricated Buildings Market Size FAQs

The India Prefabricated Buildings Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)

Everest Industries Limited, Satec Envir Engineering (India) Private Limited, Epack Prefab, Speed 4 Prefab Solutions Pvt. Ltd and Balarka Fabricon Private Limited are the major companies operating in the India Prefabricated Buildings Market.

India Prefabricated Buildings Market Report Snapshots

Prefabricated Building Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)