Prefabrication is becoming increasingly prevalent in the real estate industry. The advent of the prefabricated approach paved the door for cutting-edge and technologically advanced building and design processes. Its cutting-edge technology is applicable to all forms of construction, including high and low-rise buildings, rental properties, commercial structures, mass townships, railway stations, airports, and so on. Prefabricated constructions have gained in popularity in recent years, particularly in the real estate business. Technically advanced and novel design methods are employed, which aids in the improvement of building quality.
The market for prefabricated structures in India is estimated to be worth USD 2.3 billion and to expand at a CAGR of over 13% between 2023 and 2028, according to a report by Research and Markets. The report also emphasises how prefabricated buildings are becoming more popular across a range of industries, including commercial, industrial, residential, and institutional.
In India, there is a sizable market for prefab businesses, and there will likely be a need for hundreds of thousands such plants in the future. India’s infrastructure output is expected to rise at one of the quickest rates in the next years, making technology intervention essential. By 2025, India is anticipated to overtake China as the third-largest construction market in the world.
With a variety of options, including precast concrete, steel structures, and modular buildings, several businesses have already established themselves in India and are increasing their production capacities. The following are some of the prominent companies in the Indian prefabrication market which have recently expanded :
EPACK PREFAB, a manufacturer of pre-engineered building solutions, is expanding its manufacturing footprint by seting up a new facility spread over 25 acres in Andhra Pradesh. At present, it has two manufacturing plants in Rajasthan and Greater Noida, with a total capacity to produce 1,00,000 metric tonnes of prefabricated material annually, which will increase to 200,000 metric tonnes with the third plant.
EPACK Prefab, incorporated in 1999, has evolved as one of the largest rising infrastructure businesses, offering sustainable and smart building solutions. EPACK offers a sizable infrastructure for commodities like PEB buildings, light gauge steel frames, and thermally insulated panels. Over the past 20 years, these goods have supported innumerable industries, as well as some major government initiatives in various Indian states and exports worldwide. Some of the key projects include – Hindon airport, Amartnath Yatri Niwas, International Squash stadium (New Delhi), Hospitals, Schools, warehouses .
Kirby Building Systems India recently inaugurated its new Kirby plant in Halol, Gujarat. The pre-engineered steel building (PEB) manufacturing facility is the company’s third plant in India, and seventh globally. The new plant is spread over an area of 1,14,000 sq mtrs and will have an initial annual production capacity of 50,000 tonne which is expandable to 1,00,000 tonne. It will supplement the overall current 2,00,000 tonne capacity of the company’s Hyderabad and Haridwar plants.
Kirby India has a history of more than 20 years of industrial innovations in the country. Kirby Building Systems India is part of Kuwait-based Alghanim Industries.
Everest Industries Ltd.
Everest Industries Ltd is coming up with a new plant at Gudipalli in Andhra Pradesh or any other appropriate location in South India, subject to the receipt of requisite approvals. The new investment will help the company to enhance its existing capacity of 72,000 MTPA to 1,14,000 MTPA for the Steel Buildings Division.
Everest is one of India’s largest complete building solutions providers with 7 active plants. Incorporated in 1934, Everest has a rich history in the manufacturing of building materials for roofing, cladding, ceiling, flooring and walls & Pre-Engineered Steel Buildings for industrial, commercial and residential sectors.