At a time when change in technology is consistent, it is important to innovate and come up with new ways of doing things. Consequently, many industries worldwide have been undergone major change. The construction industry is but no exception. In the future, there would be a gamut of changes in the construction industry, particularly in on site and offsite activities. There would be new technology and regulations coming in.
Prefabrication is one of the fastest growing technologies and has a huge potential in commercial and industrial sectors of India. Let us have a look at how it will impact construction trends.
Quick construction at reduced cost
Prefabrication is a process where the components are manufactured offsite, in a factory which are then shipped to client location for assembling. Thus, it is a much faster process as opposed to traditional method of brick and mortar construction. The technology has been prevailing for quite some time, however, its popularity has been soaring in recent times. This has led to a sharp increase in demand for prefabricated construction.
With prefabrication buildings can be erected at much lower overall costs. Being factory manufactured, there are minimal chances of human error as the processes are automated. Therefore, prefabricated buildings are more consistent than traditional ones.
Savings in time and money
Arguably, there are many other construction trends which may or may not survive long enough. Prefabrication is a technology which is enticing buildings and organizations alike. Statistics reveal that a house can be fabricated in three weeks offsite and then installed onsite within two days. On the other hand, with traditional construction, it can take anywhere up to 6 months for a standard house to be built and made livable. With prefabrication, therefore one can save time and money to a large extent.
Apart from the savings in time and money, the success of prefabricated construction can be attributed to some other factors. In recent times, there has been a shortage of skilled labor all over the world. The process of prefabrication being mostly automated, requires minimum human intervention. Thus, the factor of labor scarcity does not affect this kind of construction.
The concept of pre-engineered buildings has been widely adopted around the world. It is very successful in Europe, USA and Australia. The proliferation in now slowly happening in India. Engineered construction is about 40% faster than traditional brick and mortar.
In India, the PEB market is expected to grow at 11.63% CAGR from 2016 to 2020.