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(Construction.IndustryNews247.Com, July 08, 2016 ) The construction market in India has expanded significantly after the economic liberalization in the 1990s. The introduction of PEBs has improved the construction market in India. Additionally, with the increased approval of FDIs and the Make in India campaign initiated by the government of India, there has been a rise in the demand for infrastructure from all sectors in the country. However, the traditional construction methods have been unsuccessful in meeting the increased demand for infrastructure from sectors such as power, warehousing, fast moving consumer goods, automotive and logistics, and pharmaceuticals. The PEB technology originated in the US and was introduced in India by Middle Eastern vendors. One of the major challenges for adopting PEBs in India is the persisting trust in traditional construction methods. With the rise in the awareness of the advantages of PEBs, the demand for these products is gradually increasing in the country.
Publisher's analysts forecast the pre-engineered building (PEB) market in India to grow at a CAGR of 16.15% during the period 2016-2020. For more information about this report: http://www.reportsweb.com/pre-engineered-buildings-market-in-india-2016-2020 . Covered in this report The report covers the present scenario and the growth prospects of the pre-engineered building (PEB) market in India for 2016-2020. To calculate the market size, the study considers the revenue generated from the sales of PEBs in India.
Key vendors - Tata BlueScope Steel - Kirby Building Systems - Interarch Building Products - Jindal Buildsys Limited
Other prominent vendors - Era Infra - Everest Industries - Lloyd Insulations - Multicolor Steels - PEBS Pennar - SML Group - Smith Structures - Tiger Steel Engineering
Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001291829/sample . Market driver - Easy construction in remote locations - For a full, detailed list, view our report
Market challenge - Shortage of labor - For a full, detailed list, view our report
Market trend - Increase in demand for warehouses - For a full, detailed list, view our report
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001291829/buying .
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
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