インドの建築製品市場：製品タイプ別、用途別、材料タイプ別、エンドユーザー別、地域別、機会、予測、2018年～2032年

インドの建築用製品の市場規模は、2025年～2032年の予測期間中に7.65％のCAGRで拡大し、2024年の468億7,000万米ドルから2032年には845億3,000万米ドルに成長すると予測されています。同市場は、持続可能性に関する意識の高まり、技術の進歩、政府の取り組みによって大きく成長すると予測されます。主な促進要因としては、数100万人がより良い機会を求めて都市に移り住むようになったことによる急速な都市化が挙げられます。これにより、住宅、インフラ、商業活動に対する莫大な需要が創出され、市場参入企業に成長機会をもたらし、建築製品の需要を押し上げています。

持続可能性の重要性が高まったことで、低揮発性有機化合物（VOC）塗料やその他のリサイクル可能な品目といった環境に優しい建築資材や、気候条件に応じて地域ごとに調整されたモジュール建築のような持続可能な建築技術に対する需要が高まっています。さらに、効率性、カスタマイズ性、持続可能性を重視する顧客の需要に応えるため、企業はメタ屋根材やスマート電気ソリューションといった高品質の建築製品を製造しています。断熱材や遮音材などの建築製品は、プライベート空間に快適さを見出す都市生活者のライフスタイル嗜好の変化により、需要が増加しています。モノのインターネット（IoT）を利用したスマートホームに対する需要の高まりや、持続可能な市場開拓に向けた政府の取り組みが、スマートビルド製品の市場拡大を後押ししています。

当レポートでは、世インドの建築製品市場について調査し、市場の概要とともに、製品タイプ別、用途別、材料タイプ別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 インドの建築製品市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • 製品タイプ別
  • 用途別
  • 材料タイプ別
  • エンドユーザー別
  • 地域別

第6章 需要供給分析

第7章 バリューチェーン分析

第8章 ポーターのファイブフォース分析

第9章 PESTLE分析

第10章 価格分析

第11章 市場力学

第12章 市場の動向と発展

第13章 ケーススタディ

第14章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要参入企業トップ10の情勢
  • Kumar Arch Tech Limited
  • Palram Industries Limited
  • Tata Steel Limited
  • Saint-Gobain Group
  • Greenply Industries Limited
  • Biltech Building Elements Limited
  • Shankara Building Products Limited
  • VOX India
  • Everest Industries
  • Magicrete Building Solutions Private Limited

第15章 戦略的提言

第16章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Building Product Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Building Product Market, By Volume, In Units, FY2018-FY2032F
• Figure 3. India Building Product Market Share (%), By Product Type, FY2018-FY2032F
• Figure 4. India Building Product Market Share (%), By Application, FY2018-FY2032F
• Figure 5. India Building Product Market Share (%), By Material Type, FY2018-FY2032F
• Figure 6. India Building Product Market Share (%), By End-user, FY2018-FY2032F
• Figure 7. India Building Product Market Share (%), By Region, FY2018-FY2032F
• Figure 8. By Product Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Material Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India building product market is projected to witness a CAGR of 7.65% during the forecast period FY2025-FY2032, growing from USD 46.87 billion in FY2024 to USD 84.53 billion in FY2032. The market is projected to grow substantially owing to rising awareness concerning sustainability, technological advancements, and government initiatives. Key drivers include rapid urbanization as millions are shifting to cities for better opportunities. This has created an enormous demand for housing, infrastructure, and commercial activities, coupled with creating market growth opportunities for market players and boosting the demand for building products. The increased significance of sustainability has led to a growing demand for eco-friendly building materials such as low-volatile organic compounds (VOC) paints and other recyclable items, as well as sustainable construction techniques such as modular construction, locally tailored according to climatic conditions. Moreover, companies are manufacturing high-quality building products such as meta roofings and smart electric solutions to meet customer demands that are mostly more concerned with efficiency, customization, and sustainability. Building products such as thermal and acoustic insulation are witnessing increasing demand owing to the shift in lifestyle preferences of urban dwellers who are finding comfort in private spaces. The growing demand for smart homes using the Internet of Things (IoT) and government initiatives for sustainable development drive market expansion for smart build products.

For instance, in April 2023, 75F, an IoT-based building management system provider, introduced a suite of innovative solutions at ACREX India, targeting enhancements in building efficiency, air quality, and cost efficiency. These product offerings align seamlessly with 75F's mission to advocate technology adoption for energy efficiency and sustainability. The additions of 75F are the Chiller Plant Manager (CPM), Occupancy Temperature Node, True CFM, Hyperstat, Helio Node, Portfolio Analytics Manager, Occupant App, Domain Modeler, and QR code for asset tracking.

Rapid Urbanization to Drive Market Growth in India

Urbanization is a major driver for the growth of the building products market in India, as the workforce is expanding from agriculture to services and manufacturing industries. With this increasing population in cities, Genz and millennials are buying more residential houses than ever before, especially in tier 1 and tier 2 cities. Also, there is a rising need for housing in residential and commercial spaces, along with the growing need for sustainability, which leads to high demand for building products. This urban growth leads to a rise in the demand for residential buildings and commercial areas, including offices, factories, retail outlets, and industries, and the requirement for homes for the increasing workforce and consumers in urban areas. Moreover, people living in urban areas require modern and aesthetically pleasant environments, which boosts the demand for innovative building products. Hence, growth in India's building products market is catalyzed and provoked by urbanization. To solve the housing crisis due to rapid urbanization, companies initiate acquisitions and form joint ventures (JV) with financial institutions and construction companies.

For instance, in September 2023, International Finance Corporation (IFC) and Sunteck Realty Limited established a joint platform with a total investment of up to USD 90 million to promote the development of nearly 12,000 high-quality housing units across four to six green housing projects in the Mumbai Metropolitan Region (MMR) of Maharashtra. The IFC proposes investing up to USD 40 million, with Sunteck Realty providing the remainder.

Government Initiatives to Boost Market Growth for Building Products

Initiatives and policies by the government boost the building product market growth by making affordable homes for the middle-class section of society. The central and state governments have played a crucial role through policies, which include the NTR Housing Scheme, Interest Subsidy for First-time Homebuyers, Credit-Linked Subsidy Scheme (CLSS), Real Estate Regulatory Authority (RERA), and the Smart Cities Mission. NTR Housing Scheme and CLSS intend to make housing affordable for middle-income families as well as low-income groups by providing financial aid and subsidies, which in turn increase the demand for housing projects and, subsequently, demand for various building products such as doors, door frames, wall panels, and windows. These initiatives and policies make homes affordable for current and future generations while the building products market responds to the substantial growth in demand driven by these policies.

For instance, in August 2024, under the CLSS, 25.04 lakh people benefitted, including 6.08 lakh from the Mid Income Group (MIG) category, who availed the benefits of interest subsidy amounting to USD 7.003 billion. Interest subvention on home loans taken by eligible urban poor (Economically Weaker Section/Low Income Group) for acquisition, construction, or enhancement of houses. With the growth in the construction of homes, the building product market will benefit. Collectively, these factors act as a catalyst for substantial growth in the building products market.

Residential Construction Segment to Compose the Maximum Market Share

Residential construction constitutes the largest share of India building products market. Housing demand is driven by rapid urbanization, population growth, and an increase in real estate development. The diverse features offered by building products catering to the needs of modern homes lead to the growing acceptance of advanced building products in residential projects. Products such as fiberglass and underfloor heating systems excel in thermal insulation, helping to maintain comfortable indoor temperatures while reducing heating and cooling costs. Additionally, these products offer excellent sound insulation, creating a more pleasant living environment by minimizing noise transmission in the home from external sources. In India, consumers are increasingly upgrading their old building materials to higher-quality options that promise improved performance and greater durability. Many building products are light and easy to handle, therefore accelerating the construction process. Companies catering to the demands of residents and real estate contractors are launching innovative products with better quality and features.

For instance, in February 2022, Tata Steel Tubes Division launched innovative door and window frames under its new brand, Tata EzyFit. EzyFit comes in two options of single-door and double-door frame sections. The size of the single door frame section is 100x55 mm2, while the double door frame section is 140x80 mm2. The Tata EzyFit sections are made of YST-210 grade hot-rolled steel coils from Tata Steel that provide robustness to sustain the imposed loads.

Southern India to Dominate Market Share

The market for building products such as insulation systems, ceilings, and wall panels is rising in Southern India due to the growing demand from the building and construction industry, particularly in cities such as Bengaluru and Chennai. Additionally, the increasing construction of residential buildings is contributing to market growth in the forecast period. The increasing government investments in the development of new infrastructure projects and surging public-private partnerships for residential construction projects are boosting the revenue growth of the building and construction sector in Southern India, thereby fostering the growth of the building products market.

For instance, in July 2024, Capgemini SE announced the development of a new state-of-the-art facility in Chennai. The company has pledged an investment of approximately USD 118.95 million over the next three years, strengthening its commitment to innovation, growth, and sustainability in Tamil Nadu. The campus will integrate advanced energy and water-efficient technologies, utilize recycled materials, and implement rainwater harvesting during construction, boosting the demand for building products. The demand for housing in South India will create a prominent scope for demand growth of the building components to ensure superior quality in such facilities. As a result, the recent ongoing development of building and construction projects across Southern India is spurring the growth of the building product market.

Future Market Scenario (FY2025 - FY2032F)

Rising demand for sustainable construction practices will increase demand for eco-friendly building products as homeowners are becoming more conscious of the environment.

Increasing smart building technologies and automation systems will gain more market influence in the forecasted period, leading to enhanced energy efficiency and user experience.

Rapid nuclearization in metropolitan regions will stimulate demand for new building solutions to accommodate growing populations.

The building codes and regulation requirements will be much more stringent and allow manufacturers to develop compliant, high-performance building products that keep evolving with changing standards.

Key Players Landscape and Outlook

Building product manufacturers are currently evaluating the diversification of their product portfolios in response to innovations. This assessment allows them to determine whether to pursue organic growth or consider inorganic strategies, such as mergers and acquisitions. In this competitive landscape, building products companies have a unique opportunity to harness smart building solutions, offering more cost-effective services. As the industry currently underutilizes these digital advancements, early adopters stand to gain a competitive edge. Industry leaders can implement digital platforms for sales and leverage them to enhance the overall customer experience. Sustainability remains a critical concern, with consumers and builders prioritizing eco-friendly products and manufacturing processes that reduce environmental impact. This shift has led to increased investment by many companies to expand their manufacturing facilities and products that promote energy efficiency collaboration and acquire land in India to set up their manufacturing plants.

For instance, in May 2022, Asian Granito India Limited (AGL) completed a land acquisition for all its three upcoming greenfield manufacturing plants for manufacturing SPC flooring, luxury surfaces, and bathware products, including GVT tiles and sanitaryware in Morbi, Gujarat. The company plans to commence civil works, including site development, building, construction, and engineering, at three manufacturing sites.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-added Services
  • 4.3.2. Efficiency of Green Solutions
  • 4.3.3. After-sales Support
• 4.4. Consideration of Privacy and Regulations

5. India Building Product Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Product Type
    • 5.2.1.1. Wall Panels
    • 5.2.1.2. Ceiling Panels
    • 5.2.1.3. Columns
    • 5.2.1.4. Molding
    • 5.2.1.5. Flooring
    • 5.2.1.6. Decking
    • 5.2.1.7. Trims
    • 5.2.1.8. Door and Door Frames
    • 5.2.1.9. Others
  • 5.2.2. By Application
    • 5.2.2.1. New Construction
    • 5.2.2.2. Renovations
    • 5.2.2.3. Reconstruction
  • 5.2.3. By Material Type
    • 5.2.3.1. Poly Vinyl Chloride
    • 5.2.3.2. Plywood
    • 5.2.3.3. Fiber Board
    • 5.2.3.4. Others
  • 5.2.4. By End-user
    • 5.2.4.1. Residential
    • 5.2.4.2. Non-residential
  • 5.2.5. By Region
    • 5.2.5.1. North
    • 5.2.5.2. South
    • 5.2.5.3. East
    • 5.2.5.4. West and Central
  • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Product Type
  • 5.3.2. By Application
  • 5.3.3. By Material Type
  • 5.3.4. By End-user
  • 5.3.5. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Pricing Analysis

11. Market Dynamics

• 11.1. Market Drivers
• 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

• 14.1. Competition Matrix of Top 5 Market Leaders
• 14.2. SWOT Analysis for Top 5 Players
• 14.3. Key Players Landscape for Top 10 Market Players
  • 14.3.1. Kumar Arch Tech Limited
    • 14.3.1.1. Company Details
    • 14.3.1.2. Key Management Personnel
    • 14.3.1.3. Products and Services
    • 14.3.1.4. Financials (As Reported)
    • 14.3.1.5. Key Market Focus and Geographical Presence
    • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 14.3.2. Palram Industries Limited
  • 14.3.3. Tata Steel Limited
  • 14.3.4. Saint-Gobain Group
  • 14.3.5. Greenply Industries Limited
  • 14.3.6. Biltech Building Elements Limited
  • 14.3.7. Shankara Building Products Limited
  • 14.3.8. VOX India
  • 14.3.9. Everest Industries
  • 14.3.10. Magicrete Building Solutions Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer