NEW YORK, October 27, 2016 /PRNewswire/ --
Rising Government Initiatives Towards Better Roads and Highways Infrastructure for Freight and Public Transportation to Drive India Roads and Highway Sector Through 2025
According to a recently published TechSci Research report "India Roads & Highways Market By Type, Competition Forecast & Opportunities, 2011-2025", the market for roads and highways is projected to exhibit a CAGR of 36.16% during 2016-2025, on account of growing government initiatives to improve transportation infrastructure in the country. Improvement in the transportation infrastructure can be attributed to increasing road traffic density, thereby propeling Government of India to develop better road infrastructure. Indian government has planned to build 18,637 kilometres of expressways by 2022. Moreover, highways account for 2% of total length of roads in India, whereas it carries 40% traffic load of the country. Development of expressways would reduce traffic load on expressways in the country.
Browse 18 market data Tables and 22 Figures spread through 128 Pages and an in-depth TOC on
"India Roads & Highways Market"
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.
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India GDP Growth Rate, 2016E-2021F (%)
Year GDP Growth (%) 2016E 7.45 2017F 7.49 2018F 7.60 2019F 7.69 2020F 7.68 2021F 7.79
"Economic development and increasing disposable income in India has led to increase in ownership of private vehicles among both urban and rural population of the country. Moreover, rising freight transport is fueling demand for better roads infrastructure in the country. Growing requirement for better roads and highways infrastructure, coupled with rising government initiatives to drive India roads and highways market during the forecast period" said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Roads & Highways Market By Type, Competition Forecast & Opportunities, 2011-2025" has evaluated the future growth potential of roads and highways market in India and provided statistics and information on market structure, industry behaviour and trend. The report includes market projections and demand forecast. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in roads and highways sector in the country.
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