Indian PEB market to become $3.56 billion by 2020

Pre-engineered buildings are factory-built fabricated structures which uses raw material which is best suited such as primary and secondary frames, roof and wall sheets that are connected with each other using different engineering methods to build structural and aesthetic requirements. These construction types are basically used in industrial buildings and warehouses. The demand of pre-engineered buildings is poised to be driven by growing construction, rising urban population and growing number of special economic zones in India (SEZ). However, factors such as fluctuations in raw material prices and shortage of skilled labor are the major restraints that could hinder the market growth.

The PEB market is valued at $2.06 billion in 2015 and it is projected to reach at $3.56 billion by 2020, growing at 11.63 per cent CAGR.

The report for India Pre-Engineered Buildings market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.