Construction in India - Key Trends and Opportunities to 2018

Published: Jul, 2014 | Pages: 85 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This 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 type of construction activity
Analysis of equipment, material and service costs across each project type within India
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Indian construction industry
Profiles of the leading operators in the Indian construction industry.
Data highlights of the largest construction projects in India 

Summary
The Indian construction industry registered a compound annual growth rate (CAGR) of 13.52% in nominal terms during the review period (2009-2013), driven by private and public investments in infrastructure, as well as institutional and commercial construction projects. Industry growth is expected to remain strong over the forecast period (2014-2018), as a result of the government's commitment to making infrastructural improvements and the implementation of the 12th Five-Year Plan (2012-2017), under which the government expressed plans to invest INR56.3 trillion (US$1.0 trillion) in various long-term development plans. Consequently, industry output is expected to record a forecast-period nominal CAGR of 10.09%. 
Scope
This report provides a comprehensive analysis of the construction industry in India. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in India using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in India 
Reason To Buy
 Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors  
Key Highlights
 According to the Ministry of Statistics and Programme Implementation, the construction industry's value add at constant prices rose by 3.0% in 2013 - up from 1.8% in 2012. The annual pace of growth has slowed, however, from an average of 8.5% in 2010?2011. The outlook for growth is positive, having been supported by government investment to improve the country's infrastructure, education and healthcare, as well as spending on affordable homes to meet the country's rising demand for housing. Large-scale investments in infrastructure development under the 12th Five-Year Plan will be an important driver of growth. 
Infrastructure investment remains a key strategy for supporting economic growth. In its 2014-2015 budget, the Indian government increased its expenditure on the infrastructure sector and allocated INR1.8 trillion (US$27.3 billion); an increase of 8.6% over the 2013-2014 budget expenditure. This will contribute to the continued expansion of infrastructure construction over the forecast period. 
With an aim to increase foreign exchange earnings from the tourism industry to INR1.5 trillion (US$26.0 billion) and attract eight million tourists by 2015, the government is focusing on the construction of new tourist destinations such as Tannirbhavi aquamarine park, the Bhaleydunga Skywalk in Gangtok and the construction of a film city at Hesaraghatta in Bangalore. This will help to support growth in the leisure and hospitality buildings category over the forecast period. 
As a robust and modern transportation infrastructure is vital for the growth and competitiveness of the economy, the government is focusing more on infrastructure development. Accordingly, a total of INR56.3 trillion (US$1.0 trillion) is planned to be spent in the next planning period of 2012-2017; an increase in investment of 136.0% from the 11th Five-Year Plan. From this proposed investment, INR15.0 trillion (US$279.4 billion) will be spent on electricity, INR9.7 trillion (US$180.4 billion) on roads and bridges, and INR5.2 trillion (US$97.1 billion) on railways. The government plans to achieve these objectives through the PPP model, and attract half of the funding amount from the private sector. 
The country's rising population and urbanization trends will continue to provide some support for residential construction. According to the World Population Statistics, the country's population grew by 17.7% from 2000 to 2011 - from 1.1 billion to 1.2 billion - and is expected to reach 1.4 billion and 1.6 billion by 2020 and 2040 respectively. As a proportion of the total, the country's urban population increased from 27.8% in 2001 to 31.2% in 2011, and is expected to reach 33.0% by 2026. The country's growing population and rapid urban development will create fresh demand for residential construction market over the forecast period.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Larsen & Toubro LTD
8.1 Larsen & Toubro Ltd - Company Overview
8.2 Larsen & Toubro Ltd - Business Description
8.3 Larsen & Toubro Ltd - Main Products and Services
8.4 Larsen & Toubro Ltd - History
8.5 Larsen & Toubro Ltd - Company Information
8.5.1 Larsen & Toubro Ltd - key competitors
8.5.2 Larsen & Toubro Ltd - key employees
9 Company Profile: Jaiprakash Associates Ltd
9.1 Jaiprakash Associates Ltd - Company Overview
9.2 Jaiprakash Associates Ltd - Business Description
9.3 Jaiprakash Associates Ltd - Main Products and Services
9.4 Jaiprakash Associates Ltd - History
9.5 Jaiprakash Associates Ltd - Company Information
9.5.1 Jaiprakash Associates Ltd - key competitors
9.5.2 Jaiprakash Associates Ltd - key employees
10 Company Profile: GMR Infrastructure Ltd
10.1 GMR Infrastructure Ltd - Company Overview
10.2 GMR Infrastructure Ltd - Business Description
10.3 GMR Infrastructure Ltd - Main Products and Services
10.4 GMR Infrastructure Ltd - History
10.5 GMR Infrastructure Ltd - Company Information
10.5.1 GMR Infrastructure Ltd - key competitors
10.5.2 GMR Infrastructure Ltd - key employees
11 Company Profile: DLF Ltd
11.1 DLF Ltd - Company Overview
11.2 DLF Ltd - Business Description
11.3 DLF Ltd - Main Products and Services
11.4 DLF Ltd - History
11.5 DLF Ltd - Company Information
11.5.1 DLF Ltd - key competitors
11.5.2 DLF Ltd - key employees
12 Company Profile: Punj Lloyd Ltd
12.1 Punj Lloyd Ltd - Company Overview
12.2 Punj Lloyd Ltd - Business Description
12.3 Punj Lloyd Ltd - Main Services
12.4 Punj Lloyd Ltd - History
12.5 Punj Lloyd Ltd - Company Information
12.5.1 Punj Lloyd Ltd - key competitors
12.5.2 Punj Lloyd Ltd - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - ATVL - Surat Theme Park Development - Gujarat
Table 3: Commercial Construction Project 2 - RADAG - Universal Theme Park and Resort Development - India
Table 4: Commercial Construction Project 3 - EMLBPL - Doddaballapur IT Park Development - Kartaka
Table 5: Industrial Construction Project 1 - Posco - Paradip Integrated Steel Plant - Orissa
Table 6: Industrial Construction Project 2 - MT - Jharkhand Steel Plant - India
Table 7: Industrial Construction Project 3 - BDL - Ibrahimpatm Missiles Manufacturing Plant - Andhra Pradesh
Table 8: Infrastructure Construction Project 1 - DIPP - Delhi to Mumbai Industrial Corridor - India
Table 9: Infrastructure Construction Project 2 - NHAI - tiol Highway Development Program - India
Table 10: Infrastructure Construction Project 3 - DIPP - Cheni to Bangalore Industrial Corridor - India
Table 11: Institutiol Construction Project 1 - GMR - Shamshabad Airport Multi Specialty Hospital - Andhra Pradesh
Table 12: Institutiol Construction Project 2 - TIH - Trivandrum Technopark - Kerala
Table 13: Institutiol Construction Project 3 - MoHFW - Jugadh Medical Complex Development - Gujarat
Table 14: Residential Construction Project 1 - PC - Pacifica Aurum Integrated Township - Tamil du
Table 15: Residential Construction Project 2 - MMRDA - Affordable Rental Housing Scheme - Maharashtra
Table 16: Residential Construction Project 3 - HDIL - Virar Housing Scheme - Maharashtra
Table 17: Larsen & Toubro Ltd, Key Facts
Table 18: Larsen & Toubro Ltd, Main Products and Services
Table 19: Larsen & Toubro Ltd, History
Table 20: Larsen & Toubro Ltd, Key Employees
Table 21: Jaiprakash Associates Ltd, Key Facts
Table 22: Jaiprakash Associates Ltd, Main Products and Services
Table 23: Jaiprakash Associates Ltd, History
Table 24: Jaiprakash Associates Ltd, Key Employees
Table 25: GMR Infrastructure Ltd, Key Facts
Table 26: GMR Infrastructure Ltd, Main Products and Services
Table 27: GMR Infrastructure Ltd, History
Table 28: GMR Infrastructure Ltd, Key Employees
Table 29: DLF Ltd, Key Facts
Table 30: DLF Ltd, Main Products and Services
Table 31: DLF Ltd - History
Table 32: DLF Ltd, Key Employees
Table 33: Punj Lloyd Ltd, Key Facts
Table 34: Punj Lloyd Ltd, Main Services
Table 35: Punj Lloyd Ltd - History
Table 36: Punj Lloyd Ltd, Key Employees
Table 37: Indian Construction Output by Project Type (INR Million), 2009-2013
Table 38: Indian Construction Output by Project Type (INR Million), 2013-2018
Table 39: Indian Construction Output by Cost Type (INR Million), 2009-2013
Table 40: Indian Construction Output by Cost Type (INR Million), 2013-2018
Table 41: Indian Construction Output by Activity Type (INR Million), 2009-2013
Table 42: Indian Construction Output by Activity Type (INR Million), 2013-2018
Table 43: Indian Construction Value Add by Project Type (INR Million), 2009-2013
Table 44: Indian Construction Value Add by Project Type (INR Million), 2013-2018
Table 45: Indian Commercial Construction Output by Project Type (INR Million), 2009-2013
Table 46: Indian Commercial Construction Output by Project Type (INR Million), 2013-2018
Table 47: Indian Commercial Construction Output by Cost Type (INR Million), 2009-2013
Table 48: Indian Commercial Construction Output by Cost Type (INR Million), 2013-2018
Table 49: Indian Commercial Construction Output by Activity Type (INR Million), 2009-2013
Table 50: Indian Commercial Construction Output by Activity Type (INR Million), 2013-2018
Table 51: Indian Commercial Construction Value Add by Project Type (INR Million), 2009-2013
Table 52: Indian Commercial Construction Value Add by Project Type (INR Million), 2013-2018
Table 53: Indian Industrial Construction Output by Project Type (INR Million), 2009-2013
Table 54: Indian Industrial Construction Output by Project Type (INR Million), 2013-2018
Table 55: Indian Industrial Construction Output by Cost Type (INR Million), 2009-2013
Table 56: Indian Industrial Construction Output by Cost Type (INR Million), 2013-2018
Table 57: Indian Industrial Construction Output by Activity Type (INR Million), 2009-2013
Table 58: Indian Industrial Construction Output by Activity Type (INR Million), 2013-2018
Table 59: Indian Industrial Construction Value Add by Project Type (INR Million), 2009-2013
Table 60: Indian Industrial Construction Value Add by Project Type (INR Million), 2013-2018
Table 61: Indian Infrastructure Construction Output by Project Type (INR Million), 2009-2013
Table 62: Indian Infrastructure Construction Output by Project Type (INR Million), 2013-2018
Table 63: Indian Infrastructure Construction Output by Cost Type (INR Million), 2009-2013
Table 64: Indian Infrastructure Construction Output by Cost Type (INR Million), 2013-2018
Table 65: Indian Infrastructure Construction Output by Activity Type (INR Million), 2009-2013
Table 66: Indian Infrastructure Construction Output by Activity Type (INR Million), 2013-2018
Table 67: Indian Infrastructure Construction Value Add by Project Type (INR Million), 2009-2013
Table 68: Indian Infrastructure Construction Value Add by Project Type (INR Million), 2013-2018
Table 69: Indian Institutiol Construction Output by Project Type (INR Million), 2009-2013
Table 70: Indian Institutiol Construction Output by Project Type (INR Million), 2013-2018
Table 71: Indian Institutiol Construction Output by Cost Type (INR Million), 2009-2013
Table 72: Indian Institutiol Construction Output by Cost Type (INR Million), 2013-2018
Table 73: Indian Institutiol Construction Output by Activity Type (INR Million), 2009-2013
Table 74: Indian Institutiol Construction Output by Activity Type (INR Million), 2013-2018
Table 75: Indian Institutiol Construction Value Add by Project Type (INR Million), 2009-2013
Table 76: Indian Institutiol Construction Value Add by Project Type (INR Million), 2013-2018
Table 77: Indian Residential Construction Output by Project Type (INR Million), 2009-2013
Table 78: Indian Residential Construction Output by Project Type (INR Million), 2013-2018
Table 79: Indian Residential Construction Output by Cost Type (INR Million), 2009-2013
Table 80: Indian Residential Construction Output by Cost Type (INR Million), 2013-2018
Table 81: Indian Residential Construction Output by Activity Type (INR Million), 2009-2013
Table 82: Indian Residential Construction Output by Activity Type (INR Million), 2013-2018
Table 83: Indian Residential Construction Value Add by Project Type (INR Million), 2009-2013
Table 84: Indian Residential Construction Value Add by Project Type (INR Million), 2013-2018
Table 85: Timetric Construction Market Definitions