India Prefabricated Buildings Market
India Prefabricated Buildings Market, By Type (Skeleton System, Panel System, Cellular System, Combined System); By Material Type (Concrete, Glass, Metal, Timber, Other Materials); By Application (Residential, Commercial, Others (Industrial, Institutional, Infrastructure)); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: November 2024
- Report ID: BWC24824
- Available Format: PDF
- Page: 110
Report Overview
Growing adoption of prefabricated buildings in commercial and industrial sectors driven by increasing concerns regarding sustainability and environment, and the government’s supportive initiatives and regulations are expected to drive India Prefabricated Buildings Market during the forecast period between 2024 and 2030.
India Prefabricated Buildings Market – Industry Trends & Forecast Report, 2030
India Prefabricated Buildings Market size was estimated at USD 15.24 billion in 2023. During the forecast period between 2024 and 2030, India Prefabricated Buildings Market size is projected to grow at a CAGR of 5.88% reaching a value of USD 22.73 billion by 2030. Prominent drivers of the market include rising urbanization, supportive government policies, and the increasing demand for rapid, cost-efficient construction solutions. Prefabrication, which involves assembling building components off-site, accelerates project timelines and enhances quality, aligning with India's 'Housing for All' initiative and the need for quick infrastructure development. Leading companies such as Everest Industries, Epack Prefab, and Larsen & Toubro are expanding production to meet growing demand. Modular and hybrid construction methods are becoming more popular in residential, commercial, and industrial projects, with sectors like data centers and tourism infrastructure also embracing prefabricated technology for its efficiency in timely delivery. With India set to become the third-largest construction market globally by 2025, prefabrication represents a significant opportunity, though challenges like land availability and regulatory approvals persist outside major urban centers.
Prefabricated Buildings – Overview
Prefabricated buildings are structures built using components manufactured in a factory or controlled environment and then transported to the construction site for assembly. This method, known as prefabrication, allows for faster, more efficient, and cost-effective construction compared to traditional methods. The approach enhances quality control by reducing on-site work and exposure to environmental factors. Prefabricated buildings are used in residential, commercial, and industrial projects and can include modular units, panelized systems, or entire sections like walls and roofs. Prefab construction is ideal for projects needing quick completion, minimal disruption, and sustainable solutions through reduced waste and energy usage.
India Prefabricated Buildings Market
Growth Drivers
Government’s Supportive Initiatives and Regulations
Government of India is playing a crucial role in promoting the adoption of prefabricated construction. Initiatives such as the Pradhan Mantri Awas Yojana (PMAY), aimed at providing affordable housing for all, fuel the demand for quick, cost-effective construction solutions. Prefabricated buildings align well with these objectives by enabling faster project completion and delivering scalable housing solutions that meet quality and safety standards. In addition, regulatory support for sustainable urban development and housing infrastructure has created a conducive environment for prefabrication technologies. These initiatives, coupled with supportive policies, are accelerating the market’s growth by encouraging developers to invest in prefab structures that can meet the pressing housing needs across urban and rural areas alike.
Challenges
High Initial Investment
The high initial investment required for prefabricated construction is a notable barrier to the growth of India’s prefabricated buildings market. Establishing off-site manufacturing facilities, sourcing specialized materials, and adopting advanced technologies like robotics and automation involve significant upfront costs. These expenses can deter smaller developers or contractors who may lack the capital to invest in prefabrication, despite its long-term savings potential. Additionally, the costs associated with transportation and on-site assembly add to the financial burden, making it challenging for the market to achieve widespread adoption across diverse regions in India.
Impact of Escalating Geopolitical Tensions on India Prefabricated Buildings Market
Escalating geopolitical tensions among countries and spreading across regions could have a significant impact on the growth of India Prefabricated Buildings Market. These tensions can disrupt global supply chains, causing delays in the import of essential materials like steel, aluminum, and specialized construction components that are often sourced internationally for prefabricated buildings. Such disruptions could lead to increased material costs and project delays, impacting profitability and project timelines. Additionally, geopolitical uncertainties may reduce foreign investments and partnerships in India's construction sector, further slowing the adoption of advanced prefabrication technologies. This instability creates challenges in achieving rapid, cost-effective prefabricated construction across the country.
India Prefabricated Buildings Market
Segmental Coverage
India Prefabricated Buildings Market – By Type
By type, India Prefabricated Buildings Market is divided into Skeleton System, Panel System, Cellular System, and Combined System segments.
India Prefabricated Buildings Market – By Material Type
Based on material type, India Prefabricated Buildings Market is divided into Concrete, Glass, Metal, Timber, and other material (Steel, Wood, and Composites) segments. The other materials segment holds the highest share in India Prefabricated Buildings Market by material type. The other materials segment is subsegmented into Steel, Wood, and Composites. The steel segment holds the highest share in India Prefabricated Buildings Market by material type. In developing economies, this growth is fueled by steel’s strength, durability, and cost-effectiveness, making it a preferred material for pre-engineered buildings. Steel allows for faster construction, lower labor costs, and reduced material waste, enhancing project efficiency. Commonly used for warehouses, industrial facilities, and commercial buildings, steel structures offer flexibility to meet diverse requirements, making them essential in various applications across the market.
India Prefabricated Buildings Market – By Application
Based on application, India Prefabricated Buildings Market is divided into Residential, Commercial, and other (Industrial, Institutional, and Infrastructure) segments. The commercial segment holds the highest share in India Prefabricated Buildings Market by application. The growth is driven by increased consumer purchasing power, which has spurred business expansion. The quick construction timeline and low installation costs of pre-engineered buildings make them an attractive option for commercial projects, further boosting their adoption. Meanwhile, the residential segment is expected to record the fastest growth rate during the forecast period, as pre-engineered structures gain popularity in response to industrial growth. Increasing industrialization and the expansion of manufacturing sectors in developing countries like India are driving this trend.
India Prefabricated Buildings Market – By Region
The in-depth research report on India Prefabricated Buildings Market covers the market in the country’s major regions: North India, South India, East India, and West India.
Competitive Landscape
Major players operating in India Prefabricated Buildings Market include Everest Industries Limited, Satec Envir Engineering (India) Private Limited, Epack Prefab, Speed 4 Prefab Solutions Pvt Ltd, Balarka Fabricon Private Limited, Loom Crafts, Angath Exterior & Interior, Primex Building Systems, Champion Prefabs, and Interarch Building Products Pvt Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In September 2024 – ClaySys, an IT firm based in Kochi, Kerala, announced its plans to address housing shortages in the United States by exporting prefabricated homes by establishing a factory in Coimbatore to produce prefabricated homes using fiberglass materials, allowing for significant cost savings.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue - USD Billion |
Market Coverage |
India |
Product/ Service Segmentation |
Type, Material Type, Application, Region |
Key Players |
Everest Industries Limited, Satec Envir Engineering (India) Private Limited, Epack Prefab, Speed 4 Prefab Solutions Pvt Ltd, Balarka Fabricon Private Limited, Loom Crafts, Angath Exterior & Interior, Primex Building Systems, Champion Prefabs, Interarch Building Products Pvt Ltd |
By Type
-
Skeleton System
-
Panel System
-
Cellular System
-
Combined System
By Material Type
-
Concrete
-
Glass
-
Metal
-
Timber
-
Other Materials (Steel, Wood, Composites)
By Application
-
Residential
-
Commercial
-
Others
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Prefabricated Buildings Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing adoption in commercial and industrial sectors
- Increasing sustainability and environmental concerns
- Government initiatives and regulations
- Restraints
- High initial investment
- Transportation challenges related to large, prefabricated modules
- Opportunities
- Increasing demand for housing in urban areas
- Infrastructure development in India
- Innovations in materials, manufacturing processes, and design software
- Challenges
- High competition with traditional construction methods
- Lack of skilled workers in the prefabricated construction industry
- Growth Drivers
- Technological Advancements/Recent Developments
-
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Prefabricated Buildings Market: Marketing Strategies
- India Prefabricated Buildings Market: Pricing Analysis
- India Prefabricated Buildings Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share and Forecast
- By Type
- Skeleton System
- Panel System
- Cellular System
- Combined System
- By Material Type
- Concrete
- Glass
- Metal
- Timber
- Other Materials (Steel, Wood, Composites)
- By Application
- Residential
- Commercial
- Others (Industrial, Institutional, Infrastructure)
- By Region
- North India
- South India
- East India
- West India
- By Type
- Market Size & Forecast, 2019–2030
- North India Prefabricated Buildings Market Overview
- Market Size & Forecast, 2019–2030
- Market Share & Forecast
- By Type
- By Material Type
- By Application
- South India Prefabricated Buildings Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Material Type
- By Application
- Market Size & Forecast, 2019–2030
- East India Prefabricated Buildings Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Material Type
- By Application
- Market Size & Forecast, 2019–2030
- West India Prefabricated Buildings Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Material Type
- By Application
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Prefabricated Buildings Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Prefabricated Buildings Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Everest Industries Limited
- Satec Envir Engineering (India) Private Limited
- Epack Prefab
- Speed 4 Prefab Solutions Pvt. Ltd
- Balarka Fabricon Private Limited
- Loom Crafts
- Angath Exterior & Interior
- Primex Building Systems
- Champion Prefabs
- Interarch Building Products Pvt Ltd
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 India Prefabricated Buildings Market Segmentation
Figure 2 India Prefabricated Buildings Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Figure 6 India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Figure 7 India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Figure 8 India Prefabricated Buildings Market Share, By Region, By Value (USD Billion) 2019–2030
Figure 9 North India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Figure 10 North India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Figure 11 North India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Figure 12 North India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Figure 13 South India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Figure 14 South India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Figure 15 South India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Figure 16 South India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Figure 17 East India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Figure 18 East India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Figure 19 East India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Figure 20 East India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Figure 21 West India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Figure 22 West India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Figure 23 West India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Figure 24 West India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
List of Tables
Table 1 India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Table 2 India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Table 3 India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Table 4 India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Table 5 India Prefabricated Buildings Market Share, By Region, By Value (USD Billion) 2019–2030
Table 6 North India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Table 7 North India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Table 8 North India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Table 9 North India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Table 10 South India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Table 11 South India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Table 12 South India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Table 13 South India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Table 14 East India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Table 15 East India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Table 16 East India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Table 17 East India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Table 18 West India Prefabricated Buildings Market Size, By Value (USD Billion), 2019–2030
Table 19 West India Prefabricated Buildings Market Share, By Type, By Value (USD Billion) 2019–2030
Table 20 West India Prefabricated Buildings Market Share, By Material Type, By Value (USD Billion) 2019–2030
Table 21 West India Prefabricated Buildings Market Share, By Application, By Value (USD Billion) 2019–2030
Table 22 Everest Industries Limited Company Overview
Table 23 Everest Industries Limited Financial Overview
Table 24 Satec Envir Engineering (India) Private Limited Company Overview
Table 25 Satec Envir Engineering (India) Private Limited Financial Overview
Table 26 Epack Prefab Company Overview
Table 27 Epack Prefab Financial Overview
Table 28 Speed 4 Prefab Solutions Pvt. Ltd Company Overview
Table 29 Speed 4 Prefab Solutions Pvt. Ltd Financial Overview
Table 30 Balarka Fabricon Private Limited Company Overview
Table 31 Balarka Fabricon Private Limited Financial Overview
Table 32 Loom Crafts Company Overview
Table 33 Loom Crafts Financial Overview
Table 34 Angath Exterior & Interior Company Overview
Table 35 Angath Exterior & Interior Financial Overview
Table 36 Primex Building Systems Company Overview
Table 37 Primex Building Systems Financial Overview
Table 38 Champion Prefabs Company Overview
Table 39 Champion Prefabs Financial Overview
Table 40 Interarch Building Products Pvt Ltd Company Overview
Table 41 Interarch Building Products Pvt Ltd Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.