Product Code: ETC375684 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India construction nails market import shipment demonstrated a robust growth trend from 2020 to 2024, with a notable CAGR of 16.3%. The growth rate between 2023 and 2024 moderated slightly to 4.6%, indicating a stable expansion in the market during that period.
India construction nails market is estimated to have grown from US$ 614 million to US$ 684 million in 2025. It is further expected to reach a value of US $ 937 million with an annual growth rate of 8 percent during the forecast period. The growing demand for residential and commercial building projects has been driving this market?s growth. Factors such as rising investments in infrastructure, increasing urbanization, and government initiatives are some other factors that are contributing to the growth of this sector.
India construction nails market has experienced steady growth due to the robust growth in the construction and real estate sectors. The surge in residential and commercial construction projects across the country has driven the demand for nails for various applications, including framing, roofing, and carpentry. Additionally, the expansion of infrastructure projects, such as roads and bridges, has further bolstered the demand for construction nails.
The construction nails market in India encounters challenges related to raw material availability and pricing fluctuations. Ensuring product durability and meeting safety standards is vital to gain the confidence of construction companies and contractors. Market players also face competition from alternative fastening methods, requiring innovative marketing strategies to promote the benefits of using nails.
The construction nails market in India witnessed a turbulent phase during the COVID-19 pandemic. With construction projects temporarily halted and labor shortages, demand for construction nails declined. The restriction on movement and transportation challenges also disrupted the supply chain, leading to increased product costs and delayed projects.
In the India construction nails market, key players include Caparo Fasteners, Sundram Fasteners Limited (part of TVS Group), and Laxmi Industries. These companies produce a wide range of construction nails, catering to various construction and industrial applications.