The prefabricated construction industry in India is expected to grow by 14.4% to reach INR 1,146 billion in 2024.
The medium to long-term growth story in India remains intact. The prefabricated construction industry in India is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 13.5% during 2024-2028. The prefabricated construction output in the country is expected to reach INR 1,904.8 billion by 2028.
The Indian prefabricated construction market is expected to record strong growth over the medium term. The rising adoption of prefabricated technology, coupled with government initiatives will lead the market growth in 2024. Larsen & Turbo (L&T) revealed that their clients are widely accepting prefab construction technology due to faster construction time and project deliveries using off-site modular construction methods.
The Ayodhya Development Authority (ADA), on the other hand, is installing prefabricated toilets at all the scenic ghats along the holy Sarayu River. The industry is also expected to receive growth support from the booming data center market in India in 2024. Overall, the publisher maintains a positive growth outlook for the broader prefabricated construction market over the next three to four years.
This push, along with India's data protection laws and a proposed data center policy, is attracting major global players like Google, Microsoft, and Amazon to expand in India. The data center market is booming, driven by rising data consumption and the rapid adoption of cloud services, supported by government initiatives like Digital India, which are boosting the country's digital infrastructure.
The growth in the data center market means many new projects will be launched over the medium term. Prefabricated construction is emerging as the ideal technology to meet these demands in the Indian market. Consequently, the publisher expects the flourishing data center industry to offer growth support to the broader prefabricated construction market over the next three to four years.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in India. This is a databook offering, which primarily provides data-centric analysis with charts and tables.
The medium to long-term growth story in India remains intact. The prefabricated construction industry in India is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 13.5% during 2024-2028. The prefabricated construction output in the country is expected to reach INR 1,904.8 billion by 2028.
The Indian prefabricated construction market is expected to record strong growth over the medium term. The rising adoption of prefabricated technology, coupled with government initiatives will lead the market growth in 2024. Larsen & Turbo (L&T) revealed that their clients are widely accepting prefab construction technology due to faster construction time and project deliveries using off-site modular construction methods.
The Ayodhya Development Authority (ADA), on the other hand, is installing prefabricated toilets at all the scenic ghats along the holy Sarayu River. The industry is also expected to receive growth support from the booming data center market in India in 2024. Overall, the publisher maintains a positive growth outlook for the broader prefabricated construction market over the next three to four years.
The adoption of prefabrication technology is growing rapidly in the Indian market in 2024
The real estate and construction sector is transforming in the Indian market. This comes as industry leaders like Larsen & Toubro and Tata Realty & Infrastructure embrace prefabrication and precast technology.- Larsen & Turbo (L&T) revealed that their clients are widely accepting prefab construction technology due to faster construction time and project deliveries using off-site modular construction methods. The adoption of prefab technology is also aided due to rising awareness and the shortage of skilled manpower. L&T, in 2023, completed the construction of a 7-storey flight control system integration facility for DRDO in 45 days. The firm achieved the feet using integrated hybrid modular construction technology. The firm also delivered 96 apartments in 96 days, built with precast, for CIDCO.
Government investment in the sector will support the industry growth over the medium term
Many of the regional governments have undertaken prefabricated construction projects to provide housing to floods and violence-affected residents. Similar projects have been announced to offer convenient facilities to tourists.- The Ayodhya Development Authority (ADA), as part of the Vision Document 2047 projects, is installing prefabricated toilets at all the scenic ghats along the holy Sarayu River. This initiative aims to ensure that tourists visiting Ayodhya for the Ram Temple consecration ceremony and Magh Snan have convenient facilities. As of January 2024, the installation, operation, and maintenance of 500 prefabricated toilets have already begun at all the major ghats along the Sarayu River.
Prefabricated construction is expected to receive growth momentum from the flourishing data center industry in India
The global pandemic has caused increased dependency on digital services, leading to concerns about data privacy and security. As a result, the Indian government is focusing more on data localization.This push, along with India's data protection laws and a proposed data center policy, is attracting major global players like Google, Microsoft, and Amazon to expand in India. The data center market is booming, driven by rising data consumption and the rapid adoption of cloud services, supported by government initiatives like Digital India, which are boosting the country's digital infrastructure.
The growth in the data center market means many new projects will be launched over the medium term. Prefabricated construction is emerging as the ideal technology to meet these demands in the Indian market. Consequently, the publisher expects the flourishing data center industry to offer growth support to the broader prefabricated construction market over the next three to four years.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in India. This is a databook offering, which primarily provides data-centric analysis with charts and tables.
- End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry in India.
- Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction in India.
- Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.
- Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.
Scope
This report provides a detailed data-centric analysis of the prefabricated construction industry, covering market opportunity, and industry dynamics by prefabricated materials, methods, and products across various construction sectors. In addition, it provides market size and forecast of the prefabricated industry covering end markets along with demand analysis in India. With over 100 KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.India by Building Construction Sector
- Residential
- Single-Family
- Multi Family
- Commercial
- Office
- Retail
- Hospitality
- Other
- Institutional
- Industrial
India by Prefabrication Methods
- Panelised construction
- Modular (Volumetric) construction
- Hybrid (Semi-volumetric) construction
India by Prefabricated Material
- Aluminium
- Wood
- Iron & Steel
- Concrete
- Glass
- Other
India by Prefabricated Product
- Building Superstructure
- Roof Construction
- Floor Construction
- Interior Room Modules
- Exterior Walls
- Columns & Beams
- Other
India by Prefabricated Product
- Aluminium (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Wood (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Iron & Steel (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Concrete (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Glass (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Other (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
India by Prefabrication Construction Sector
- Residential (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Commercial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Industrial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Institutional (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
Reasons to buy
- In-depth Understanding of Prefabricated/Precast Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 50+ market segments.
- Deeper Segmentation of Prefabricated Product Analysis: Market size and forecast by prefabricated products, materials, and construction sectors.
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in prefabricated/precast construction industry in India.
- Comparable Data: Get detailed and comparable data for the prefabricated/precast market size. The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
Table of Contents
1. About this Report
3. India Prefabricated Building Construction Market Dynamics by Prefabrication Methods
4. India Prefabricated Product Demand Analysis and Outlook
5. India Prefabricated Material Demand Analysis and Outlook
6. India Prefabricated Market Dynamics and Outlook by Construction Sector
7. India Residential Prefabricated Construction Market Dynamics and Outlook
8. India Commercial Prefabricated Construction Market Dynamics and Outlook
9. India Residential Construction Demand Analysis and Outlook by Prefabricated Products
10. India Commercial Construction Demand Analysis and Outlook by Prefabricated Products
11. India Industrial Construction Demand Analysis and Outlook by Prefabricated Products
12. India Institutional Construction Demand Analysis and Outlook by Prefabricated Products
13. India Prefabricated Building Superstructure Demand Analysis by Material
14. India Prefabricated Roof Demand Analysis by Material
15. India Prefabricated Floor Demand Analysis by Material
16. India Prefabricated Interior Room Modules Demand Analysis by Material
17. India Prefabricated Exterior Walls Demand Analysis by Material
18. India Prefabricated Columns and Beams Demand Analysis by Material
19. Further Reading
List of Figures
List of Tables