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:
    • South
    • West
    • North
    • East

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).


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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Construction Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Customer Satisfaction Level

5.4.  Major Challenges Faced

6.    India Construction Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development)

6.2.2.     By Machinery (Earth Moving, Material Handling, Concrete & Road Construction)

6.2.3.     By Industry (Industrial, Commercial, Infrastructure and Residential)

6.2.4.     By Region

6.2.5.     By Company (2022)

6.3.  Product Market Map

7.    India Building Construction Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value 

7.2.  Market Share & Forecast

7.2.1.     By Machinery

7.2.2.     By Industry

7.2.3.     By Region

8.    India Heavy and Civil Engineering Construction Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value 

8.2.  Market Share & Forecast

8.2.1.     By Machinery

8.2.2.     By Industry

8.2.3.     By Region

9.    India Specialty Trade Contractors Construction Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value 

9.2.  Market Share & Forecast

9.2.1.     By Machinery

9.2.2.     By Industry

9.2.3.     By Region

10.  India Land Planning and Development Construction Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value 

10.2.              Market Share & Forecast

10.2.1.  By Machinery

10.2.2.  By Industry

10.2.3.  By Region

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Company Profiles

15.1.              L&T

15.2.              Megha Engineering & Infrastructures Limited

15.3.              Shapoorji Pallonji Co. Pvt. Ltd.

15.4.              Tata Projects

15.5.              KEC International Limited

15.6.              Afcons Infrastructure Ltd.

15.7.              Dilip Buildcon Limited

15.8.              Hindustan Construction Co. Ltd.

15.9.              NCC Limited

15.10.            Lodha Group

16.   Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. Ex: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023. Please note that all the macro-economic indicators in the economic profiles are for Calendar year.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com