The India Prefabricated Buildings Industry Study Market Research Report Forecast 2020 – 2025 provides useful insights into a wide range of business aspects such as pillars, features, sales strategies, planning models, in order to enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments and platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
Top Key Players in the India Prefabricated Buildings Industry Study Market: EVEREST INDUSTRIES LIMITED, LARSEN AND TOUBRO LIMITED, SATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED, PARAMOUNT BUILDING SOLUTIONS PRIVATE LIMITED, BALARKA FABRICON PRIVATE LIMITED, NCC LIMITED, Interarch, Simplex Infrastructures, EPack Prefab, Champion Prefabs
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The Prefabricated Building Market in India is expected to grow at a CAGR of approximately 8.5% during the forecast period mainly driven by nations initiatives like Digital India, Smart Cities, etc. The next decade belongs to prefabrication with the Indian construction sector expected to expand to a size of USD 1 trillion and contribute over 15% to the overall GDP.
The concept of prefabrication is gaining prominence in the Indian construction market. The entry of prefabricated homes in India has paved the way to innovative and technologically advanced construction and design methods for all kinds of construction, such as high rises, low rises, villas, and mass townships.
India is comparatively backward and slow in incorporating prefab constructions into the real estate market. According to an industrial source, India has only around 1-2% of prefabricated buildings, out of its more than USD 100 billion real estate market. One of the main reasons for low penetration of prefabrication solutions in India is a mindset blockade in India, with most developers averse to investing in modular methods of construction and hesitant to incorporate prefabrication in their new and ongoing projects.
There is a big opportunity for prefab companies in India and hundreds or thousands of plants are expected to be required in the future. Over the next few years, India would feature among the fastest-growing countries in terms of construction output, making the technology intervention a key component. India is expected to become the third-largest construction market in the world by 2025.
The construction sector in the country is expected to expand to a size of USD 1 trillion, over the next decade, and contribute over 15% to GDP. Given the high anticipated growth of the Indian construction industry, during the forecast period, prefabricated structures are expected to gain popularity. Slated to have the world’s third-largest construction industry by 2025, India is witnessing a high uptake of modular techniques with its construction sector slowly transforming and behaving more like the business of manufacturing.
The government is taking major steps to strengthen the infrastructure for the ever-growing population. In a country that is already congested with its high population, there is a need to build mass housing to make homes for 900 million more people by 2050. In the top seven cities alone, the demand is estimated to increase by 32% year-on-year as of 2019.
Key Market Trends
Government Initiatives in Infrastructure and Construction Sector to Boost the Industry
The demand for infrastructure in India is at an all-time rise. As the government is now looking towards accelerating the growth of infrastructure in India, it has given approval for Real Estate Investment Trust (REIT) to help investors come forward to invest in the Indian real estate market, thus creating an opportunity worth USD 19.65 billion in the Indian market over the coming years. Through GHTC- I, Global Housing Technology Challenge, the government plans to bring the latest technologies in the construction sector.
Through the Smart-Cities mission, the nation aims to create sustainable world-class cities and has allocated a budget of USD 29.2 billion. As of Jun 2020, 75% of the projects planned were completed with USD 16.5 billion in investments. Through HRIDAY, a scheme to develop the heritage cities, an amount of USD 16.5 million has been approved by the central government. With many other initiatives and plans by the government like AMRUT, PMAY (Pradhan Mantri Awas Yojana, a national housing scheme), the infrastructure and construction sector is set to see a rapid growth which in many ways boosts the prefabrication industry.
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of India Prefabricated Buildings Industry Study Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of India Prefabricated Buildings Industry Study Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the India Prefabricated Buildings Industry Study Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate, and figure and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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