Press Release

India Construction Market is expected to grow at a CAGR of 6.87% Through 2030

India Construction Market is expected to show robust growth due to rising investments in the industry during the forecast period.

According to TechSci report on, “India Construction Market, By Region, Competition Forecast & Opportunities, 2020-2030”India construction market is anticipated to grow with an impressive CAGR during the forecast years and expand to generate high revenues for the country’s GDP on the backbone of growing investments in the sector. Industrial growth is highly dependent on the growing population of the country. The growing population coupled with their rising disposable income are upgrading the demands for the residential accommodations. While the below poverty line population is still dependent over government to provide for their accommodations. Middle class and high class population is actively spending lavishly over their residential accommodations and the growing demand for home ownerships further supports the growth of the India construction market in the next five years. Government aided growth schemes and investments are also aiding the market growth. Recently launched plans for the 100 smart cities project is one of the many inter-state construction growths in the country. Increasing construction in the industrial sector due to growing industrialization, and urbanization is also responsible for the futuristic growth of the India construction market in the future five years. Bharatmala Pariyojana is a new highways umbrella program that focuses on improving the efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps with effective interventions such as the development of Economic Corridors, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International Connectivity Roads, Coastal and Port Connectivity Roads, and Green-field expressways.


Browse over XX market data Figures spread through xx Pages and an in-depth TOC on "India Construction Market"


Based on type, Heavy and Civil Engineering Construction segment dominates the market, In the India construction market, the Heavy and Civil Engineering Construction segment holds significant dominance due to its pivotal role in infrastructure development. This segment encompasses projects of substantial scale and complexity, typically involving the construction of infrastructure such as highways, bridges, airports, railways, dams, and irrigation systems. These projects are crucial for enhancing connectivity, facilitating economic growth, and improving quality of life across the country.

One of the primary drivers of this dominance is the Indian government's ambitious infrastructure development agenda. Initiatives like Bharatmala, Sagarmala, and the National Infrastructure Pipeline (NIP) aim to modernize and expand India's infrastructure backbone. These programs prioritize the construction of new highways, expressways, and bridges to connect remote areas and reduce travel times between major cities. The development of ports, coastal economic zones, and inland waterways under Sagarmala is crucial for boosting maritime trade and industrial growth. The NIP, with its focus on strategic sectors like energy, water, and urban infrastructure, underscores the government's commitment to robust infrastructure development.

Urbanization and population growth drive the demand for heavy and civil engineering construction. As more people migrate to urban centers, there is a pressing need for urban infrastructure such as metro rail networks, mass transit systems, sewage treatment plants, and smart city initiatives. These projects require extensive civil engineering expertise and heavy construction capabilities to ensure durability, safety, and sustainability.

The industrialization of India further amplifies the dominance of this segment. The establishment of manufacturing hubs, industrial corridors, and special economic zones necessitates the construction of industrial infrastructure, including factories, warehouses, and logistics parks. These facilities require specialized civil engineering solutions to meet industry-specific requirements and adhere to regulatory standards.

Moreover, the emphasis on sustainable development and green infrastructure is influencing projects within the heavy and civil engineering construction segment. There is a growing adoption of eco-friendly construction practices, such as using recycled materials, incorporating renewable energy sources, and implementing water conservation measures. Infrastructure projects are increasingly designed to minimize environmental impact and enhance resilience against climate change, reflecting global sustainability trends.

Technological advancements also play a crucial role in driving this segment forward. The adoption of advanced construction technologies like Building Information Modeling (BIM), drones for site monitoring, and automated machinery improves project efficiency, reduces construction time, and enhances safety on-site. These innovations enable better project management, cost control, and quality assurance, making them indispensable in the execution of large-scale infrastructure projects.

The dominance of the Heavy and Civil Engineering Construction segment in the India construction market is underpinned by its essential role in infrastructure development, driven by government initiatives, urbanization, industrialization, sustainability goals, and technological advancements. As India continues to prioritize infrastructure modernization and expansion, this segment is poised to remain a key driver of economic growth and development in the years to come.

 A partial list of market players in the field includes:

  • Larsen & Toubro Limited
  • Megha Engineering & Infrastructures Limited
  • Shapoorji Pallonji & Company Private Limited
  • Tata Projects Limited
  • KEC International Limited
  • Afcons Infrastructure Limited
  • Dilip Buildcon Limited
  • Hindustan Construction Company Limited

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“Construction industry in India is anticipated to further grow in the future years owing to the growing investments in the sector. Government’s involvement through investments and favorable schemes is also anticipated to support the market growth. Higher prices of the construction equipment and supported with growing construction equipment rental market is expected to substantiate the growth of the India construction market. Rising population, coupled with their rising disposable income and demand for owing personal homes is fueling the India construction market. Although due to COVID-19 the market suffered losses since the further constructions were halted for two years. With the reinstatement of the construction projects, and government aided funds through state government involvement is substantiating the growth of the India construction market in the future five years. New market players may focus on the technological advancement, incorporating IT into the construction industry and various prospects would also aid the growth of the India construction market and support the new market players in establishing their brands in the industry,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


India Construction Market By Type (Building Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors, Land Planning and Development), By Machinery (Earth Moving, Material Handling, Concrete & Road Construction), By Industry (Industrial, Commercial, Infrastructure and Residential), By Region, Competition Forecast & Opportunities, 2030 has evaluated the future growth potential of India construction market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India construction market.

 


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