India Roads and Highways Construction Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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The Indian has the second-largest road network across the globe, which consists of state highways (1,56,694 km), national highways (1,32,500 km), and other roads (56,08,477 km).
The roads and highways sector in India is undergoing development in recent years, owing to the rising public-private partnerships, as well as adequate government support and investments through the Bharatmala Pariyojana initiative. National highways construction in India is forecasted to reach 65,000 km by FY 2022, growing at a compound annual growth rate (CAGR) of ~81.59% during the FY 2019-FY 2022 period. In the Union Budget of FY 2020, the Indian government has allocated a fund of INR 1.12 Tn to the Ministry of Road Transport and Highways for the improvement of road connectivity across the country.
Market segment insights
In FY 2018, the government of India has constructed 1,348 km roads in Maharashtra to ensure smooth transportation of freight to and from the ports. The National Highways Authority of India has allocated various roads and highway construction projects to companies, including Dilip Buildcon (~37.59%), IRB Infrastructure, PNC Infrastructure, and Ashoka Buildcon.
As of 3rd May 2019, ~52% of the public-private partnership projects in India are related to the construction of roads and bridges, especially for fulfilling the ambitious target of the Indian government of completing construction of ~65,000 km roads and highways by the end of FY 2022. Among the national highways built so far in India, ~59% are double lane roads, ~27% are single lane roads, and the rest are four, six, or eight-lane roads, by length.
Key growth drivers of the market
As of September 2018, roads accounted for ~59% of the overall freight transport across India. The arrival of tourists increased in April 2019 by ~3.5% from that of April 2018. To provide access to drivable roads to car owners, enable smooth freight transport, and cater to the preferences of tourists, the Ministry of Road Transport and Highways have been emphasizing on the construction of roads and highways across the country.
The Indian government has a keen focus to improve road infrastructure across the country. Under the Bharatmala Pariyojana project, the government has initiated the construction of 34,800 km roads and highways by the end of FY 2022, covering different regions of India. The government has also undertaken the Special Accelerated Road Development Programme for the North-East project, especially for the improvement of road and transport infrastructure in the north-eastern region of India.
Companies covered
Ashoka Buildcon Limited
Dilip Buildcon Limited
GVK Power & Infrastructure Limited
IRB Infrastructure Developers Limited
KNR Construction Limited
MEP Infrastructure Developers
Patel Engineering Limited
Reliance Infrastructure Limited
Sadbhav Engineering Limited
Larsen & Toubro Infrastructure Development Projects Limited
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Our most recent research report showcases the thriving expansion of the India Roads and Highways Construction Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Roads and Highways Construction market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Roads and Highways Construction in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Roads and Highways Construction market?
- What is the market share of the top 5 players in the India Roads and Highways Construction market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Roads and Highways Construction market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Roads and Highways Construction market?
- What are the challenges related to the supply chain and logistics that India Roads and Highways Construction market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Roads and Highways Construction market?
- What are the potential risks and uncertainties associated with investing in the India Roads and Highways Construction market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Roads and Highways Construction market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Roads and Highways Construction market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Roads and Highways Construction market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Roads and Highways Construction business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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