India Roads & Highways Market on a Long-term Growth Trend
Growing investments in infrastructure development and
favorable government policies aimed at improving connectivity in rural as well
as urban areas to induce growth in roads & highways sector in India through
2027
According to TechSci Research report “India
Roads & Highways Market By Type, Competition Forecast &
Opportunities, 2013 – 2027”, the roads &
highways market in India is forecast to reach $ 24 billion by 2027. Growth in
the market is anticipated on account of increasing need to develop and expand
roads & highways network to cater to expanding vehicular population and increasing freight transportation in the country. The
government has launched various major projects including SARDP-NE and LWE to improve road connectivity in remote as well as urban
areas in the country’s eastern states, owing to poor infrastructure and limited
connectivity in the region. All these road infrastructure initiatives are
expected to hugely benefit the country’s road and highways market over the next
5-10 years.
Browse 32 market data Tables and 39 Figures spread through 117
Pages and an in-depth TOC on "India Roads & Highways Market"
https://www.techsciresearch.com/report/india-roads-highways-market/2092.html
Increasing investments in improving
the roads and highways infrastructure, rising influx of passenger vehicles, growing
urbanization and continuing economic development are fueling demand for better
road infrastructure in India. As of 2017, India’s transport sector contributed
6% to the country’s GDP, with road sector accounting for more than 70% of the market
share. Moreover, over 60% of freight traffic and more than 90% of passenger
traffic in the country is handled by roads and highways. With the country’s
economy being among the fastest growing major developing nations, the roads and
highways network is anticipated to receive heavy investments during the
forecast period.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2092
Customers can also
request for 10% free customization on this report.
“The roads & highways sector is considered to be the backbone of a
nation’s economy. Over the last decade, government of India has been increasing
its focus on expanding and improving the country’s roads and highways network
infrastructure for strengthening the transportation and logistics sector in
India. As a result, several initiatives such as NHDP, SARDP, LWE, etc., have been
launched to support road development. Moreover, rising government focus on the development
of expressways and upgrading of existing highways is expected to drive India
roads & 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, 2013 – 2027” has evaluated the future growth potential of the
India roads & highways market and provides statistics and information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in the India roads
& highways market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]