India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1495
Buy Report View Sample

Published: September 27, 2023 Report Code: GDCN1225MR-ST

Select Item

India Construction Market Report Overview

The Indian construction market size was $701.7 billion in 2022. The market is projected to achieve an AAGR of more than 5% during 2024-2027. The growth of the market will be supported by a strong pipeline of infrastructure and energy projects. This includes an investment under the National Green Hydrogen Mission to achieve an annual production target of green hydrogen by 2030.

India Construction Market Outlook, 2022-2027 ($ Billion)

India Construction Market Outlook, 2022-2027 ($ Billion)

Buy Full Report to Know More about the India Construction Market Forecast

Download A Free Report Sample

The India construction market research report provides detailed market analysis, information, and insights into the Indian construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Indian construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.

Market Size (2022) $701.7 billion
AAGR (2024-2027) >5%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction
Key Contractors ·        Larsen & Toubro Ltd

·        Hindustan Construction Co Ltd

·        Shapoorji Pallonji & Co Pvt Ltd

·        NCC Ltd

·        ITD Cementation India Ltd

·        Tata Projects Ltd
Key Consultants ·        RITES Ltd

·        Engineers India Ltd

·        RATP Group

·        Aarvee Associates Architects Engineers & Consultants Pvt Ltd

·        AECOM

·        SYSTRA S.A.
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

India Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Indian construction market in 2022.

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: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The growth of the sector over the forecast period will be supported by an expected improvement in tourism activity, as well as growth in wholesale and retail trade.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The growth of the sector over the forecast period will be supported by investment in the industrial and manufacturing sectors, as well as an improvement in the wider economy and external demand.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investment to develop transport infrastructure. The construction and development of the road network as well as other rail infrastructure projects will support the sector’s output over the forecast period.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector will be supported by investment in renewable energy projects, in line with the government’s focus on reducing carbon emissions. The government’s aim to achieve energy independence by 2047 and achieve net zero objective and energy security by 2070 are also factors driving the sector growth.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by public and private investment in the healthcare and education sectors. The sector’s growth will also be supported by grants provided by international development organizations.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The growth of the residential construction sector over the forecast period will be supported by the country’s rising urbanization and population and government initiatives to address the housing deficit. Since consumer and investor confidence is improving, demand for housing is increasing, which will support investment in the sector.

India Construction Market Analysis by Sectors, 2022 (%)

India Construction Market Analysis by Sectors, 2022 (%)

Buy Full Report for more Sector Insights into the India Construction Market

Download A Free Report Sample

India Construction Market - Competitive Landscape

Larsen & Toubro Ltd led the India construction market in 2022.

Some of the leading contractors in the India construction market are:

  • Larsen & Toubro Ltd
  • Hindustan Construction Co Ltd
  • Shapoorji Pallonji & Co Pvt Ltd
  • NCC Ltd
  • ITD Cementation India Ltd
  • Tata Projects Ltd

Domestic contractors account for a majority share of the project pipeline in the Indian construction market.

India Construction Market Analysis by Contractors, 2022 (%)

India Construction Market Analysis by Contractors, 2022 (%)

Buy Full Report to Know More about the Contractors in the India Construction Market

Download A Free Report Sample

Some of the leading consultants in the India construction market are:

  • RITES Ltd
  • Engineers India Ltd
  • RATP Group
  • Aarvee Associates Architects Engineers & Consultants Pvt Ltd
  • AECOM
  • SYSTRA S.A.

RITES Ltd led the market in 2022. Consultants with headquarters within India are involved in most of the project pipeline by value.

India Construction Market Analysis by Consultants, 2022 (%)

India Construction Market Analysis by Consultants, 2022 (%)

Buy Full Report to Know More about Consultants in the India Construction Market

Download A Free Report Sample

India Construction Market – Latest Developments

  • The largest commercial project currently in the pipeline is the Logistics Centre project in Uttar Pradesh which involves the construction of a logistic facility comprising storage units, an office space, loading and unloading facilities, and parking facilities.
  • The largest industrial project currently in the pipeline is the Odisha Semiconductor Manufacturing Facility which involves the construction of a semiconductor manufacturing plant, a production unit, a manufacturing unit, storage facilities, office spaces, administration space, installation of machinery, and safety and security systems.

Segments Covered in the Report

India Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

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 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

  • 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. Risk Profile

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook

      • 4.1.2. Latest news and developments

      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook

      • 4.2.2. Project analytics

      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook

      • 4.3.2. Project analytics

      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook

      • 4.4.2. Project analytics

      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook

      • 4.5.2. Project analytics

      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook

      • 4.6.2. Project analytics

      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook

      • 4.7.2. Project analytics

      • 4.7.3. 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

  • 8. About GlobalData

  • 9. Contact Us

Frequently asked questions

India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027 thematic reports
Currency USD
$1,495

Can be used by individual purchaser only

Most Popular
$2,242

Can be shared by unlimited users within one corporate location e.g. a regional office

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Construction reports
Construction
New
Internet of Things (IoT) in Construction - Thematic Research
$995 | November 2023
Construction
New
Oil and Gas Construction Project Insights and Analytics (Q4 2023)
$1,950 | November 2023
Construction
New
Angola Construction Market Size, Trend Analysis by Sector, Competitive Landscape…
$1,495 | November 2023
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027 in real time.

  • Access a live India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more