India Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2045
The India Construction Market size was valued at USD 884.72 billion in 2023, and is predicted to reach USD 2134.43 billion by 2030, at a CAGR of 12.6% from 2024 to 2030.
The construction industry in India is currently experiencing noteworthy expansion, primarily driven by government-led initiatives aimed at advancing infrastructure development and urbanization. One such initiative, the National Investment Pipeline (NIP), earmarked a substantial investment budget of USD 1.4 trillion for various infrastructure projects. These projects encompass key sectors such as renewable energy, roads and highways, urban infrastructure, and railways, indicating a strategic focus on bolstering the nation's foundational elements. This targeted investment strategy is poised to serve as a catalyst for the construction industry's growth, with projections forecasting a market size of USD 1.4 trillion by 2025. Additionally, the burgeoning demand for residential and urban infrastructure projects, spurred by population growth and urbanization trends, further reinforces the sector's robust growth trajectory.
However, the construction industry grapples with substantial hurdles stemming from the intricate network of government regulations and permitting procedures. These processes often necessitate numerous approvals from various levels of authority, ranging from local to national bodies. The regulatory landscape encompasses a broad spectrum of requirements, including zoning regulations, environmental assessments, adherence to building codes, and safety standards. Delays in securing permits, bureaucratic inefficiencies, and inconsistencies across different jurisdictions can significantly prolong project timelines and escalate costs. Moreover, fluctuations in regulations or sudden policy changes can disrupt ongoing projects and dissuade potential investments. For example, the United States Environmental Protection Agency (EPA) oversees multiple facets of the construction sector, such as air quality, waste disposal, and water regulations, offering compliance assistance resources throughout various construction phases.
Conversely, the construction sector is undergoing a transformative shift fueled by digitalization and the adoption of Building Information Modeling (BIM). These advancements are reshaping project management processes by integrating cutting-edge technologies to enhance efficiency, accuracy, and collaboration. BIM, a sophisticated 3D modeling tool, empowers stakeholders to create and manage digital representations of structures and infrastructure, fostering improved coordination and communication among project teams. For instance, the National Institute of Building Sciences (NIBS) introduced the U.S. National Building Information Management (BIM) Program in September 2022. This initiative aims to modernize the construction industry and achieve unparalleled levels of industrial efficiency through digitalization. By addressing the lack of digitalization in the U.S. construction sector, this program seeks to optimize work processes, enhancing efficiency, cost-effectiveness, resilience, and safety in construction and maintenance activities.
KEY BENEFITS
The India construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.
Key Market Players
Leading players operating in the India construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group
KEY BENEFITS
• The India construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the India construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 India Construction Market By Type
- 2.1 Overview
- 2.2 Renovation Market
- 2.3 New Construction Market
- 3 India Construction Market By Sector
- 3.1 Overview
- 3.2 Real Estate Market
- 3.2.1 Residential
- 3.2.1.1 Affordable
- 3.2.1.2 Luxury
- 3.2.2 Commercial
- 3.2.2 Retail Buildings
- 3.2.2 Office Buildings
- 3.2.2 Hospitality
- 3.2.2 Healthcare Facilities
- 3.2.2 Educational Institutes
- 3.2.2 Entertainment Ventures
- 3.3 Infrastructure Market
- 3.3.1 Transportation
- 3.3.1 Airport
- 3.3.1 Port
- 3.3.1 Rail
- 3.3.1 Road
- 3.3.2 Water And Wastewater
- 3.3.3 Energy
- 3.3.4 Telecommunication
- 3.4 Industrial Market
- 3.4.1 Manufacturing Plant
- 3.4.2 Warehouses
- 3.4.3 Power Plants
- 3.4.4 Oil Refineries
- 3.4.5 Chemical Plants
- 4 Company Profiles
- 4.1 India State Construction Engineering Corp. Ltd. (Cscec)
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 India Railway Group Ltd. (Crec)
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 India Railway Construction Corp. Ltd. (Crcc)
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 India Communications Construction Group Ltd. (Cccc)
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Metallurgical Corporation Of India Ltd. (Mcc)
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Power Construction Corp. Of India
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Vinci Sa
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 India Energy Engineering Corp. (Ceec)
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Shanghai Construction Group (Scg)
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Bouygues Group
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
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