Roads and highways are one of the most significant part of any country’s infrastructure sector, and are also used as an indicator to validate any country’s economic prosperity. Roads and highways are used by passenger traffic and freight traffic for transportation purpose. India roads and highways market grew at a significant pace over the past few years, owing to increasing focus of Government of India towards better infrastructure of roads and highways network for public and freight transportation. Moreover, implementation of government programmes such as, Pradhan Mantri Gram Sadak Yojana (PMGSY) is aimed at enhancing connectivity of rural regions in India. Furthermore, implementation of hybrid annuity model in Public Private Partnership projects in roads and highways sector in the country, is further anticipated to increase participation of project developers in the bidding process, which is further forecast to drive India roads and highways market during the forecast period.
According to “India Roads & Highways Market By Type, Competition Forecast & Opportunities, 2011-2025”, the market for roads and highways in India is forecast to exhibit a CAGR of 36% during 2016-2025, on account growing requirement for better transportation. Roads and highways can be categorized on the basis of type into road, highway and expressways. Over the past few years, highways accounted for lion’s share in India roads and highways market owing to major investments in this segment. However, expressways are expected to dominate the roads and highways market in India during the forecast period, on account of upgradation of state highways and national highways with length over 1000 km into expressways to drive huge investments in expressways development. Moreover, north India dominated the roads and highways market in 2015 and is further expected to continue its dominance through 2025, owing to growing urbanization, and increasing investment in improving the road and highways infrastructure. “India Roads & Highways Market By Type, Competition Forecast & Opportunities, 2011-2025” discusses the following aspects of roads and highways sector in India:
• India Roads and Highways Market Size, Share & Forecast
• Segmental Analysis – By Type (Roads, Highways and Expressways)
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations