Indian Construction Market Report and Forecast 2025-2034
Description
The Indian construction market reached USD 687.38 Billion in 2024. The market is projected to grow at a CAGR of 8.60% between 2025 and 2034, reaching almost USD 1568.54 Billion by 2034.
Indian Construction Market Growth
The Indian government’s focus on boosting socio-economic development has led to initiatives like the Parvatmala project, under which the construction of bridges in major pilgrimage sites in Uttarakhand has received a big boost. Moreover, major metropolitan cities like Mumbai are also expected to attract investments worth $60 billion over the next 5-7 years in major infrastructure development projects that can boost connectivity between the mainland and the island region of Mumbai and turn the city into a major IT hub.
Roadway development projects are expected to ease the problem of traffic congestion in Mumbai, as the city has 2000 cars for each km of road . The expansion of the luxury real estate sector in India, driven by the increasing demand for premium living spaces is expected to drive the market development in the coming years.
Rising infrastructural investments have spurred the demand for TMT (thermos-mechanically treated) bars which are durable, earthquake-resistant, and high-strength building reinforcement materials. TMT bars accounted for nearly 42% of India’s overall steel production in 2023. The development of advanced construction technologies and sustainable infrastructure is expected to drive the demand for cost-effective TMT bars and rods over the forecast period.
Indian Construction Industry Segmentation
Indian Construction Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by End-Use
Commercial_x000D_ _x000D_ Medical and Healthcare _x000D_ Retail _x000D_ Sports _x000D_ Others _x000D_ _x000D_
Commercial_x000D_ _x000D_ Medical and Healthcare _x000D_ Retail _x000D_ Sports _x000D_ Others _x000D_ _x000D_
Residential
Industrial
Infrastructure
Residential
Industrial
Infrastructure
Market Breakup by Region
North India
East and Central India
West India
South India
Indian Construction Market Share
Based on end-use, the market is divided into commercial, residential, industrial, and infrastructure. Though all market segments are expected to witness substantial growth in the forecast period, the infrastructure segment is expected to account for a major market share in the coming years. This is because of increasing government investments in the sector, which are aimed at attracting new businesses and boosting economic growth.
Leading Companies in the Indian Construction Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Larsen & Toubro Limited
Reliance Infrastructure Ltd.
Punj Lloyd Limited
Shapoorji Pallonji Co. Pvt. Ltd
GMR Infrastructure Limited
Tata Projects
Gammon India Limited.
KEC International Limited
Welspun Group
Others
Major players in the market are adopting innovative technologies like BIM and AI to enhance the efficiency of construction activities.
Indian Construction Market Growth
The Indian government’s focus on boosting socio-economic development has led to initiatives like the Parvatmala project, under which the construction of bridges in major pilgrimage sites in Uttarakhand has received a big boost. Moreover, major metropolitan cities like Mumbai are also expected to attract investments worth $60 billion over the next 5-7 years in major infrastructure development projects that can boost connectivity between the mainland and the island region of Mumbai and turn the city into a major IT hub.
Roadway development projects are expected to ease the problem of traffic congestion in Mumbai, as the city has 2000 cars for each km of road . The expansion of the luxury real estate sector in India, driven by the increasing demand for premium living spaces is expected to drive the market development in the coming years.
Rising infrastructural investments have spurred the demand for TMT (thermos-mechanically treated) bars which are durable, earthquake-resistant, and high-strength building reinforcement materials. TMT bars accounted for nearly 42% of India’s overall steel production in 2023. The development of advanced construction technologies and sustainable infrastructure is expected to drive the demand for cost-effective TMT bars and rods over the forecast period.
Indian Construction Industry Segmentation
Indian Construction Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by End-Use
Commercial_x000D_ _x000D_ Medical and Healthcare _x000D_ Retail _x000D_ Sports _x000D_ Others _x000D_ _x000D_
Commercial_x000D_ _x000D_ Medical and Healthcare _x000D_ Retail _x000D_ Sports _x000D_ Others _x000D_ _x000D_
Residential
Industrial
Infrastructure
Residential
Industrial
Infrastructure
Market Breakup by Region
North India
East and Central India
West India
South India
Indian Construction Market Share
Based on end-use, the market is divided into commercial, residential, industrial, and infrastructure. Though all market segments are expected to witness substantial growth in the forecast period, the infrastructure segment is expected to account for a major market share in the coming years. This is because of increasing government investments in the sector, which are aimed at attracting new businesses and boosting economic growth.
Leading Companies in the Indian Construction Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Larsen & Toubro Limited
Reliance Infrastructure Ltd.
Punj Lloyd Limited
Shapoorji Pallonji Co. Pvt. Ltd
GMR Infrastructure Limited
Tata Projects
Gammon India Limited.
KEC International Limited
Welspun Group
Others
Major players in the market are adopting innovative technologies like BIM and AI to enhance the efficiency of construction activities.
Table of Contents
120 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Indian Economy Outlook
- 5.1 Population
- 5.2 Inflation
- 5.3 GDP
- 5.4 Income Demographics
- 6 Government Initiatives and Policies
- 7 Indian Construction Market Overview
- 7.1 Key Industry Highlights
- 7.2 Indian Construction Historical Market (2018-2024)
- 7.3 Indian Construction Market Forecast (2025-2034)
- 8 Indian Construction Market by End-Use
- 8.1 Commercial
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.1.3 Market by Type
- 8.1.3.1 Medical and Healthcare
- 8.1.3.2 Retail
- 8.1.3.3 Sports
- 8.1.3.4 Others
- 8.2 Residential
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Industrial
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Infrastructure
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 9 Indian Construction Market by Region
- 9.1 North India
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 East and Central India
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 West India
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 South India
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Margin Analysis
- 12 Cost Structure
- 12.1 Materials
- 12.2 Labour Cost
- 12.3 Machinery
- 12.4 Utilities
- 12.5 Transportation/Distribution
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Larsen & Toubro Limited
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Reliance Infrastructure Ltd.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Punj Lloyd Limited
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Shapoorji Pallonji Co. Pvt. Ltd
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 GMR Infrastructure Limited
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Jaiprakash Associates Limited (Jaypee Group)
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Tata Projects
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Gammon India Limited.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 KEC International Limited
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Welspun Group
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
Pricing
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