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Report

Indian Construction Market Report and Forecast 2025-2034

Market Report I 2025-05-29 I 120 Pages I EMR Inc.

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.

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

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