The Indian economy is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The future expectation index improved due to an increase in positive perceptions of factors, such as economic conditions, household circumstances, income, and employment. The increasing consumer spending and consumer confidence are expected to boost public spending on construction activities and repair construction activities in India.
High Economic Growth to Drive the Market
The Government of India is carrying out robust infrastructure development in the country, initiating policies and ensuring time-bound creation of world-class infrastructure in the country. Various government flagship programs, including 100 Smart Cities Mission, Housing for All, Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Make in India, and Power for All, are expected to drive growth in this sector.
The Ministry of Road Transport and Highways & Shipping, has projected the government’s target of INR 25 trillion (USD 376.53 billion) investment in infrastructure over few years, which includes INR 8 trillion (USD 120.49 billion) for renovating 27 industrial clusters and an additional INR 5 trillion (USD 75.30 billion) for road, railway, and port connectivity projects in the recent past. Though there is a huge availability of cheap labor, the availability of skilled labor is low in India.
Rising Demand in the Coastal Region
The growth in the repair construction market in the coastal region is due to the ‘Sagarmala Initiative’, wherein ports of India would be modernized to augment port-led development and coastlines can be developed to contribute to India’s GDP. The ongoing Sagarmala project has boosted the repair construction market in coastal plains. Under this initiative, the government has mobilized INR10 lakh crore and has undertaken 173 projects, comprising 53 port modernization projects, 83 port connectivity projects, and eight port community development projects. This is expected to augment the growth of the Indian repair construction market in coastal areas.
February 2018: Sika India was proud to partner with Construction Chemical Manufacturers Association (CCMA) for promoting the interest of its members in relation to commerce and industry in India.
Major Players: Sika India Pvt. Ltd, BR Buildcare Solutions Pvt. Ltd, and Ushta Infinity Construction Company Pvt. Ltd, among others.
Reasons to Purchase the Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 PESTEL Analysis
4. Market Dynamics
4.1.1 Government Initiatives
4.1.2 High Economic Growth
4.2.1 Lack of Skilled Labor
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Application
5.2 By Type
5.2.1 Crack Repair
5.3 By Construction
5.3.2 Roads & Bridges
6. Competitive Landscape
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
7. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
7.1 Antrix Constructions
7.2 BR Buildcare Solutions Pvt. Ltd
7.3 LeakSeal India Pvt. Ltd
7.4 Sika India Pvt. Ltd
7.5 Ushta Infinity Construction Company Pvt. Ltd
*List not exhaustive
**Subject to availability on public domain