PUBLISHER: GlobalData | PRODUCT CODE: 1076267
PUBLISHER: GlobalData | PRODUCT CODE: 1076267
India Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
GlobalData expects the construction industry in India to expand by 5.8% in real terms this year, supported by increased government investment in transport, healthcare, energy, and housing construction. As part of the financial year (FY) 2022/2023 (April 2022 to March 2023) Budget, the government announced a capital expenditure of INR7.5 trillion ($99 billion). Of the total, the highest proportion of expenditure-equivalent to 25%-was allocated to the Ministry of Road Transport and Highways. According to the Ministry of Statistics and Program Implementation (MoSPI), the construction industry's value add rose by 8% year on year (YoY) in the first half of 2022. However, the industry's growth could slow in the second half of this year, owing to rising inflation and construction material prices. According to the Ministry of Road Transport and Highways (MoRTH), the pace of national highway construction slowed from 22.3km per day in the first five months of FY2021/2022 to 19.4km per day during the same period of FY2022/2023. The government is unlikely to meet its target of building 40km of highway per day in the current fiscal year, as it now has to build 55km of highway per day in the remaining seven-month period to meet its target.
The industry is expected to record an annual average growth of 6.1% from 2023 to 2026, supported by a strong pipeline of infrastructure projects. According to the Infrastructure and Project Monitoring Division of the MoSPI-as of September 1, 2022-India had 1,526 projects in the pipeline, valued at INR25.9 trillion ($337.7 billion). Of the total, projects in the road transport and highway sector account for the highest number of projects in the pipeline, equivalent to 54.5%; this is followed by railways (11.3%), petroleum (9.1%), coal (8%), power (5.1%), and water resources (2.7%). Financial assistance from a multitude of international financial institutions will further support demand in the Indian construction industry. In July 2022, the World Bank approved loans worth INR134.3 billion ($1.8 billion) to support the development of India's healthcare sector, and drive private sector investment. Of the total, INR76.7 billion ($1 billion) will be allocated to support the country's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), in order to improve public healthcare infrastructure across the country
The report provides detailed market analysis, information and insights into the Indian construction industry, including -
- The Indian construction industry's growth prospects by market, project type and construction activity
- 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
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in India. It provides -
- Historical (2017-2021) and forecast (2022-2026) 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.
Table of Contents
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 COVID-19 Status
- 3.5 Risk Profile
4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- 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
- 7.4 GlobalData Construction
- Contact Us
List of Tables
List of Tables
- Table 1: Construction Industry Key Data
- Table 2: India, Key Economic Indicators
- Table 3: India, Commercial Construction Output by Project Type (Real % Change), 2017-26
- Table 4: India, Top Commercial Construction Projects by Value
- Table 5: India, Industrial Construction Output by Project Type (Real % Change), 2017-26
- Table 6: India, Top Industrial Construction Projects by Value
- Table 7: India, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
- Table 8: India, Top Infrastructure Construction Projects by Value
- Table 9: India, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
- Table 10: India, Top Energy and Utilities Construction Projects by Value
- Table 11: India, Institutional Construction Output by Project Type (Real % Change), 2017-26
- Table 12: India, Top Institutional Construction Projects by Value
- Table 13: India, Residential Construction Output by Project Type (Real % Change), 2017-26
- Table 14: India, Top Residential Construction Projects by Value
- Table 15: India, Key Contractors
- Table 16: India, Key Consultants
- Table 17: India, Construction Output Value (Real, $ Million)
- Table 18: India, Construction Output Value (Nominal, INR Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
List of Figures
List of Figures
- Figure 1: South Asia, Construction Output (Real % Change), 2020-26
- Figure 2: India, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 3: India, COVID-19 Confirmed Cases
- Figure 4: India, Risk Summary
- Figure 5: India, Risk Regional Comparison
- Figure 6: India, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
- Figure 7: India, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 8: India, Construction Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 9: India, Gross Fixed Capital Formation (Constant 2011-12 Prices, INR Billion)
- Figure 10: India, Total Number of Projects in The Pipeline According to The Implementation Status
- Figure 11: India, Total Number of Projects in The Pipeline According to The Implementation Status
- Figure 12: India, Cement Production, In Million Tonnes (MT)
- Figure 13: India, Construction Projects Momentum Index
- Figure 14: Region, Construction Projects Momentum Index
- Figure 15: India, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 16: India, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: India, Trade, Hotels, Transport, and Communication Sector Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 18: India, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 19: India, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 20: India, Manufacturing Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 21: India, Industrial and Manufacturing Production Index (2011-12 Base Prices)
- Figure 22: India, Total Exports, in INR Billion
- Figure 23: India, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 24: India, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 25: India, Total Road Network Widened, Upgraded and Strengthened, In Km
- Figure 26: India, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 27: India, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: India, Electricity, Gas, and Water Services Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 29: India, Total Electricity Generation, In Billion Units (BU)
- Figure 30: India, Total Installed Power Capacity, In MW
- Figure 31: India, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 32: India, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: India, Public Administration, Defense, and Other Services Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 34: India, Residential Construction Output by Project Type (Real, $ Million), 2017-26
- Figure 35: India, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 36: India, Financial, Real Estate, and Professional Services Value Add (Constant 2011-12 Prices, INR Billion)
- Figure 37: India, Housing Price Index (2010-11=100)
- Figure 38: India, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 39: India, Headquarters of Key Consultants (% of Total Project Pipeline)
