Construction in India: Key Trends & Opportunities to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Construction in India: Key Trends & Opportunities to 2023" report has been added to ResearchAndMarkets.com's offering.

India's construction industry regained growth momentum in 2018, with output expanding by 8.8% in real terms - up from 1.9% in 2017. This was driven by positive developments in economic conditions, improvement in investor confidence and investments in transport infrastructure, energy and housing projects. In the 2018-2019 budget, the government increased its expenditure towards infrastructure development by 20.9%, going from INR4.9 trillion (US$75.9 billion) in the Financial Year (FY) 2017-2018 to INR6 trillion (US$89.2 billion) in FY2018-2019.

Consequently, the country's construction industry's output value, measured at constant 2017 US dollar exchange rates, rose from US$464.9 billion in 2017 to US$505.7 billion in 2018. The total construction project pipeline in including all mega projects with a value above US$25 million - stands at INR82.5 trillion (US$1.2 trillion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects, with 60.7% of the pipeline value being in projects in the pre-planning and planning stages as of March 2019.

In January 2019, the government outlined the investments under the second phase of Bharatmala scheme, which will drive the road infrastructure developments in the country. Accordingly, the government aims to invest INR3.4 trillion (US$50.3 billion) through the budgetary allocation between FY2019-2020 and FY2022-2023, while INR2.1 trillion (US$30.7 billion) will be made through market borrowings in the Bharatmala scheme by 2023. Moreover, population growth and urbanization will also drive the need for better infrastructure facilities in the country.

The industry's output value in real terms is expected to rise at a CAGR of 6.44% over the forecast period, compared to 4.31% during the review period (2014-2018). The industry is consequently expected to rise from a value of US$505.7 billion in 2018 to US$690.9 billion in 2023, measured at constant 2017 US dollar exchange rates.

Accounting for 30.6% of the industry's total value in 2018, residential construction was the largest market in the Indian construction industry during the review period. The market is expected to remain the largest market over the forecast period, accounting for 30.1% of the industry's total value in 2023. Energy and utilities construction accounted for 27.1% of the industry's total output in 2018, followed by infrastructure construction with 23.3%, industrial construction with 7.8%, commercial construction with 7.6% and institutional construction with 3.6%. Over the forecast period, the market will be supported by the government's vision to provide houses under the Housing for All by 2022. Under the Pradhan Mantri Awas Yojana (PMAY), the government built 15.3 billion houses during the period of 2014-2018.

Scope

  • This report provides a comprehensive analysis of the construction industry in India.
  • Historical (2014-2018) and forecast (2019-2023) 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 the author'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 the author's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Key Topics Covered

1. EXECUTIVE SUMMARY

2. CONSTRUCTION OUTLOOK: AT-A-GLANCE

3. LATEST NEWS AND INDICATORS

4. KEY DRIVERS AND RISKS

4.1. Economic Performance

4.2. Political Environment

4.3. Demographics

4.4. Risk Profile

5. CONSTRUCTION OUTLOOK

5.1. All Construction

5.1.1. Outlook

5.1.2. Project Analytics

5.2. Commercial Construction

5.3. Industrial Construction

5.4. Infrastructure Construction

5.5. Energy & Utilities Construction

5.6. Institutional Construction

5.7. Residential Construction

6. KEY INDUSTRY PARTICIPANTS

6.1. Contractors

6.2. Consultants

For more information about this report visit https://www.researchandmarkets.com/r/q3pv12

Contacts

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Laura Wood, Senior Press Manager
press@researchandmarkets.com
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Related Topics: Construction

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Construction