India construction market is anticipated to grow with an impressive CAGR in the forecast period, 2024-2028, on account of increasing investment in the sector. Expansion of the construction industry is also dependent on the growing need for housing and accommodations for the population. The rising population of the country and growing demand for government-aided accommodations, further drive the growth of the Indian 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 government funding through Union Budget 2022.
Growing Demand For Building Infrastructure Promises Market Growth
Rapidly increasing demands for residential buildings and other infrastructure is majorly responsible for the growth of the India construction market in the upcoming five years. The rising population of the country and growing demand for home ownership further facilitate the growth of the Indian construction market in the next five years.
Growing urbanization and industrialization further aid market growth. As of August 1st, 2021, the Indian construction industry is valued at 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. The surge in the demand to access the difficult terrains of the country along with increasing demand for vehicular access to multiple locations also substantiates the growth of the India construction market in the future five years.
Growing Industrial Construction Promises Market Growth
In recent years, multiple industries and the Make In India project have aided the increasing construction of industries and factories. The surge in the demand for heavy machinery, excavation equipment, and construction tools and the growing prices of these products further aid the growth of the India construction market in the upcoming five years.
Moreover, the construction of airports, railways, and seaports also supports the growth of the India construction market in the future five years. Under Regional Connectivity Scheme, the construction of airports and related infrastructure is further increasing. For the construction of seaports in India, the government has planned an investment of over USD82 billion in 574 different projects, which substantiates the growth of the India construction market in the next five years.
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Market Segmentation
The Indian 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 earthmoving, 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 the 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, Indian construction market is segmented into the 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 Indian construction market.
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Product Overview
- Research Methodology
- Impact of COVID-19 on India Construction Market
- Executive Summary
- Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered while Selecting Supplier
5.3. Customer Satisfaction Level
5.4. Major Challenges Faced
- 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
- 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
- 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