India construction market is
anticipated to grow with an impressive CAGR in the forecast period, 2024-2028,
on the account of increasing investment in the sector. Expansion of the
construction industry is also dependent on the growing need for the housing and
accommodations for the population. Rising population of the country and growing
demand for government aided accommodations, further drive the growth of the
India construction market in the upcoming five years. With rising concerns over
availability of the construction material and price inflation due to COVID-19,
the industry was drastically affected that is expected to reinstate its growth
in the next five years along with the government funding through Union Budget
2022.
Growing Demand For Building Infrastructure
Promises Market Growth
Rapidly increasing demands
for the residential buildings and other infrastructure is majorly responsible
for the growth of the India construction market in the upcoming five years.
Rising population of the country and growing demand for home ownerships further
facilitates the growth of the India construction market in the next five years.
Growing urbanization and industrialization further aids to the market growth. As
of August 1st, 2021, the India construction industry valued over
USD355.3 billion. The market is further anticipated to grow with the
government’s involvement and investments in the sector.
Expanding Construction of
Roads & Highways
Increasing construction of
roads and highways all over the country as a source of development in the state
is further responsible for the future growth of the India construction market
in the upcoming five years. The government is highly inclined toward renovating
and renewing the prior road & highway construction along with soon to start
100 smart cities project that is anticipated to further expand the growth of
the India construction market in the forecast years. Surge in the demand to
access the difficult terrains of the country along with increasing demand for
the vehicular access to the multiple locations also substantiate the growth of
the India construction market in the future five years.
Growing Industrial
Construction Promises Market Growth
In the recent years, multiple
industries and Make In India project has aided to the increasing construction
of the industries and factories. Surge in the demand for the heavy machinery,
excavation equipment, construction tools and growing prices of these products
further aid the growth of the India construction market in the upcoming five
years. Moreover, construction of airports, railways, seaports also support the
growth of the India construction market in the future five years. Under
Regional Connectivity Scheme, construction of airports and related
infrastructure is further increasing. For the construction of seaports in India
the government has planned an investment for over USD82 billion in 574
different projects, that substantiates the growth of the India construction
market in the next five years.
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Market Segmentation
The India construction
market segmentation is based on type, machinery, industry, regional
distribution, and competitional landscape. Based on type, the market is further
segmented into building
construction, heavy and civil engineering construction, specialty trade
contractors, and land planning & development. By machinery, the market is
fragmented into earth moving, material handling, and concrete & road
construction. Based on industry, the market is bifurcated into industrial,
commercial, infrastructure and residential. The India construction market
analysis also studies the regional segmentation divided among North India region,
South India region, East India region, and West India region.
Company Profile
L&T, Megha Engineering
& Infrastructures Limited, Shapoorji Pallonji Co. Pvt. Ltd., Tata Projects,
KEC International Limited, Afcons Infrastructure Ltd., Dilip Buildcon Limited, Hindustan
Construction Co. Ltd., NCC Limited, Lodha Group, are some of the major market
players in the country that lead the market growth analysis.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018 – 2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million, Volume in units, and CAGR for 2018 – 2021
and 2024 – 2028
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments covered
|
·
Type
·
Machinery
·
Industry
|
Regional scope
|
North; South; East; West;
|
Key companies profiled
|
L&T, Megha Engineering &
Infrastructures Limited, Shapoorji Pallonji Co. Pvt. Ltd., Tata Projects, KEC
International Limited, Afcons Infrastructure Ltd., Dilip Buildcon Limited,
Hindustan Construction Co. Ltd., NCC Limited, Lodha Group
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, India construction market is segmented into
following categories, in addition to the industry trends which have also been
detailed below:
·
India Construction
Market, By Type:
o Building Construction
o Heavy and Civil Engineering
Construction
o Specialty Trade Contractors
o Land Planning and Development
- India Construction Market, By Machinery:
o
Earth
Moving
o
Material
Handling
o
Concrete
& Road Construction
- India Construction Market, By Industry:
- Industrial
- Commercial
- Infrastructure
- Residential
- India Construction Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India construction market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Construction Market is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]