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

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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

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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

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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

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Market report 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 (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.