The Indian Construction Industry has witnessed a growth trajectory quite comparable to the development of the overall economic infrastructure of the country. The Indian Pre-Engineered Steel Buildings (PEB) market is experiencing robust growth fuelled by infrastructure development and the increasing popularity of PEB systems in the industrial sector. Sectors such as automotive, power, logistics, Pharma, FMCG, and capital goods provide huge growth opportunity for PEB in India.
While initially there was a big need for construction of basic infrastructure post-independence, the available technology at that time and strong British legacy inculcated fascination with concrete and stone structures, symbolizing strength of presence and permanence.
Over time, the need of the hour evolved to a need 'within the hour' where turnaround time and scalability have become important for construction across micro and macro projects for private, corporate and institutional use. This need-gap has been filled by pre-engineered steel structures. The erstwhile new and cost intensive concept in India has now become a widely accepted solution with proven benefits for construction in the Indian environment.
It has been an interesting journey for the PEB industry over the last almost three decades in terms of observing the changing trends in the Indian construction industry. There have been times when pre-engineered solutions were not much in demand, but, gradually with the due course of time, people are becoming more aware and inclined towards it.