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India Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The India construction market size was valued at $609.4 billion in 2021. The market is projected to grow at an AAGR of more than 6% during the period 2023-2026. The industry’s growth will be supported by the government’s plan to significantly increase the stock of affordable housing units for low- and middle-income cohorts, under the ‘Housing for All’ program by 2022.

The India construction market report provides detailed market analysis, information, and insights into the India construction industry, including the growth prospects of the industry by market, project type, and construction activity.

India construction market overview

India construction market overview

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What are the key sectors in the India construction market?

The key sectors in the India construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction market in India

The commercial construction projects pipeline in India includes all projects from pre-planning to execution but is skewed towards early-stage projects. The pipeline also includes a share of mixed-use developments, which comprise commercial and residential elements. The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction.

Industrial construction market in India

The industrial construction projects pipeline in the India includes all projects from pre-planning to execution. However, the sector is skewed towards early-stage projects. The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants.

Infrastructure construction market in India

The pipeline of infrastructure projects in the India includes all projects from pre-planning to execution stage and is skewed towards early-stage projects. The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects.

Energy and utilities construction market in India

Projects in the India energy and utilities sector includes all projects from pre-planning to the execution stage. However, the sector is skewed towards early-stage projects. The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure.

Institutional construction market in India

The institutional construction projects pipeline in the India includes all projects from pre-planning to execution, but it is skewed towards early-stage projects. The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings.

Residential construction market in India

The pipeline of mega-projects in the residential sector includes all projects from pre-planning to execution stage. However, the sector is dominated by late-stage projects. The project types in this sector include single-family housing and multi-family housing.

India construction market, by sectors

India construction market, by sectors

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Who are the key contractors in the India construction market?

The key contractors in the India construction market are Larsen & Toubro Ltd, Hindustan Construction Co. Ltd, Shapoorji Pallonji & Co. Ltd, NCC Ltd, Tata Projects Ltd, Italian-Thai Development PCL, Simplex Infrastructures Ltd, Ircon International Ltd, KEC International Ltd, and J. Kumar Infraprojects Ltd.

India construction market, by key contractors

India construction market, by key contractors

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Who are the key consultants in the India construction market?

The key consultants in the India construction market are RITES Ltd, Engineers India Ltd, RATP Group, WSP Global Inc., Delhi Metro Rail Corporation Ltd, Aarvee Associates Architects Engineers & Consultants Pvt Ltd, Larsen & Toubro Ltd, Oriental Consultants Holdings Company Limited, General Electric Co., and Egis Group.

India construction market, by key consultants

India construction market, by key consultants

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Market report scope

Market size (Year – 2021) $609.4 billion
Growth rate (2023 – 2026) AAGR of >6%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Key contractors Larsen & Toubro Ltd, Hindustan Construction Co. Ltd, Shapoorji Pallonji & Co. Ltd, NCC Ltd, Tata Projects Ltd, Italian-Thai Development PCL, Simplex Infrastructures Ltd, Ircon International Ltd, KEC International Ltd, and J. Kumar Infraprojects Ltd
Key consultants RITES Ltd, Engineers India Ltd, RATP Group, WSP Global Inc., Delhi Metro Rail Corporation Ltd, Aarvee Associates Architects Engineers & Consultants Pvt Ltd, Larsen & Toubro Ltd, Oriental Consultants Holdings Company Limited, General Electric Co., and Egis Group

This report provides:

  • A comprehensive analysis of the construction industry in India.
  • Historical and forecast valuations of the construction industry in India, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector.
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

7.4 GlobalData Construction

Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: India, Key Economic Indicators

Table 3: India, Commercial Construction Output by Project Type (Real % Change), 2017-2026

Table 4: India, Top Commercial Construction Projects by Value

Table 5: India, Industrial Construction Output by Project Type (Real % Change), 2017-2026

Table 6: India, Top Industrial Construction Projects by Value

Table 7: India, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026

Table 8: India, Top Infrastructure Construction Projects by Value

Table 9: India, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026

Table 10: India, Top Energy and Utilities Construction Projects by Value

Table 11: India, Institutional Construction Output by Project Type (Real % Change), 2017-2026

Table 12: India, Top Institutional Construction Projects by Value

Table 13: India, Residential Construction Output by Project Type (Real % Change), 2017-2026

Table 14: India, Top Residential Construction Projects by Value

Table 15: India, Key Contractors

Table 16: India, Key Consultants

Table 17: India, Construction Output Value (Real, $ Million)

Table 18: India, Construction Output Value (Nominal, INR Billion)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: South Asia, Construction Output (Real % Change), 2020-2026

Figure 2: India, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026

Figure 3: India, COVID-19 Confirmed Cases

Figure 4: India, Risk Summary

Figure 5: India, Risk Regional Comparison

Figure 6: India, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026

Figure 7: India, Construction Output Value, by Sector (Real, $ Million), 2017-2026

Figure 8: India, Construction Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 9: India, Gross Fixed Capital Formation (Constant 2011-2012 Prices, INR Billion)

Figure 10: India, Total Number of Projects in The Pipeline According to The Implementation Status

Figure 11: India, Number of Projects in the Top Five Sectors with Maximum Number of Time and Cost Overruns

Figure 12: India, Cement Production, In Million Tonnes (MT)

Figure 13: India, Construction Projects Momentum Index

Figure 14: Region, Construction Projects Momentum Index

Figure 15: India, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 16: India, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 17: India, Trade, Hotels, Transport and Communication Sector Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 18: India, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 19: India, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: India, Manufacturing Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 21: India, Industrial and Manufacturing Production Index (2011-2012 Base Prices)

Figure 22: India, Total Exports, in INR Billion

Figure 23: India, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 24: India, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: India, Total Road Network Widened, Upgraded and Strengthened, In Km

Figure 26: India, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 27: India, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: India, Electricity, Gas and Water Services Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 29: India, Total Electricity Generation, In Billion Units (BU)

Figure 30: India, Total Installed Power Capacity, In MW

Figure 31: India, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 32: India, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: India, Public Administration, Defence and Other Services Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 34: India, Residential Construction Output by Project Type (Real, $ Million), 2017-2026

Figure 35: India, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: India, Financial, Real Estate and Professional Services Value Add (Constant 2011-2012 Prices, INR Billion)

Figure 37: India, Housing Price Index (2010-11=100)

Figure 38: India, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 39: India, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in India was valued at $609.4 billion in 2021.

 

 

 

 

The construction market in India is projected to grow at an AAGR of more than 6% during the period 2023-2026.

The key sectors in the Indian construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

The key contractors in the Indian construction market are Larsen & Toubro Ltd, Hindustan Construction Co. Ltd, Shapoorji Pallonji & Co. Ltd, NCC Ltd, Tata Projects Ltd, Italian-Thai Development PCL, Simplex Infrastructures Ltd, Ircon International Ltd, KEC International Ltd, and J. Kumar Infraprojects Ltd.

The key consultants in the Indian construction market are RITES Ltd, Engineers India Ltd, RATP Group, WSP Global Inc., Delhi Metro Rail Corporation Ltd, Aarvee Associates Architects Engineers & Consultants Pvt Ltd, Larsen & Toubro Ltd, Oriental Consultants Holdings Company Limited, General Electric Co., and Egis Group.

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