Witnessing a growth rate of 15-20 percent, aesthetics evolve as an apt USP trend for sustaining competitive market sphere, shares Sanjay Loya, Director, Loya Pre Engineered Buildings
Please review last year growth trends for preengineered building (PEB) segments?
Last year posed numerous hurdles before the infrastructure and construction industry, wherein numerous infrastructure projects were held-up or delayed in execution process. The construction sector as a whole witnessed a downtrend in the last fiscal. Yes, the impact of this overall slowdown was witnessed in the market pace of PEB segments as well. However, the rapid pace of technology and demand for on-time delivery of project has scaled up the importance of PEB structures, particularly the metal. The increasing utilization of steel has further escalated the prominence and market prospects of the steel buildings. The industry is currently progressing at an average growth rate of 15-20 percent per annum as against the last decade.
“Light Gauge Steel (LGS) framed building construction for large scale projects can reduce the project time by 50 percent and the overall material cost by 30 percent.”
Has the demand for on-time, affordable and sustainable structures raised the market scope for PEBs today?
Yes definitely. Cost and time are the two prime factors in a construction process. These elements along with the technology utilized can be considered as core determinants in delivery of sustainable structures and on-time completion of projects. The technical progress witnessed in the PEB sector has evolved this segment as an apt solution than the conventional buildings. Besides, the ease in installation saves time and cost of construction and opens more positive prospects for the sector in the Indian market. Today, PEBs enjoy scope not only in the industrial and warehousing segment but in numerous infrastructure sectors like power, and even in small residential segments as well. PEBs though internationally are already accepted as a preferred solution in the residential realty segment, the scope in Indian mainland is still at a nascent stage.
Upholding the values of time and cost involved in the construction process, we now offer products on Light Gauge Steel (LGS) framed building construction. Normally, for large scale projects, LGS construction can reduce the project time by 50 percent and the overall material cost by 30 percent.
How has the technical advancements witnessed in the construction industry raised the aesthetic bars in PEB construction? The scope enjoyed by PEBs in the Indian construction market is enormous and growing at a constant rapid pace. This enormous scope has opened the market for international players in expanding their presence in India, leading to an acute competitive market sphere. Sustaining this competitive market environment, involving both the national and international players, is a crucial operational aspect. The rising opportunities in the realty and infra-construction segments have boosted the importance of aesthetic essence today in the PEB structures. The concept is increasingly being outlined as an emerging trend, particularly among the smaller to medium level players involved in the PEB business. While adding an aesthetic galore to the PEB structures, the concept also opens more creative opportunities for the players involved in PEB business in expanding their operational expertise.