India Road and Highways Construction Market, By Type (New Construction, Reconstruction and Repair) - Trends, Analysis and Forecast till 2034

A road is a thoroughfare, route, or way on land between two places, which has been paved or otherwise improved to allow travel by some conveyance. Whereas Highway engineering is an engineering discipline branching from civil engineering that involves the planning, design, construction, operation, and maintenance of roads, bridges, and tunnels to ensure safe and effective transportation of people and goods.

Rising number of vehicle on roads

Rising number of vehicle on roads is leading to traffic congestions thus boosting the demand of highway, street and bridge construction market. To improve connectivity to rural areas newer streets are being constructed. Increasing number of vehicle sales is also expected to drive the highway, street and bridge construction market.

Maintenance for roads and highways

The maintenance of bridge includes deck replacement, and other structural work contributing to the growth of repair segment. The highways also need maintenance such as   highway markers, patching pavements, repairing crash guards and thus contribute to the growth of the highway, street and bridge construction market.

Downturn in economy

Downturn in economy discourages the investment in for infrastructure and development thus acting as a restraining factor for the roads, and highway construction market. Environmental rules and regulations developed by UNEP India, insufficient funds, complex loading, complex structural geometry, and unavailability of quality of raw materials , such as sand are some of the factors that limit the growth of the roads and highways construction market.

The India road and highways construction market size and share is segmented based on type.

On the basis of type, the India Road and Highways Construction market is segmented into new construction, reconstruction and repair. The new construction segment is anticipated to witness highest growth owing to development of new projects in country. The repair segment is also expected to hold a significant share due to the maintenance requirement of the bridges and highway.

India Road And Highways Construction Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the India road and highways construction market report based on type:

India Road and Highways Construction Market, By Type:

• New Construction
• Reconstruction and Repair

The key players operating the India road and highways construction market includes L&T Engineering & Construction Division (L&T ECC), Shapoorji Pallonji & Co Ltd, Gammon India Ltd, Gammon Infrastructure Projects Limited (GIPL), Tata Projects Ltdm, Afcons Infrastructure Limited, GMR Group, Hindustan Construction Company (HCC), IVRCL, J Kumar Infra. For instance, On February 7, 2020, L&T completed India's Second Largest Operational Metro Project at Hyderabad. December 09, 2019, TATA Projects Ltd., had announced that the company has recently commenced work on the Pune Metro Underground line. December 25, 2018: Prime Minister Shri Narendra Modi dedicated the Bogibeel Bridge to the nation. Built on the Brahmaputra River in Dibrugarh district of Assam, it is the first fully welded steel bridge and the longest rail-cum-road bridge in India. HCC constructed the entire 4.9 km-long superstructure.

• L&T Engineering & Construction Division (L&T ECC)
• Shapoorji Pallonji & Co Ltd
• Gammon India Ltd
• Gammon Infrastructure Projects Limited (GIPL)
• Tata Projects Ltdm
• Afcons Infrastructure Limited
• GMR Group
• Hindustan Construction Company (HCC)
• IVRCL
• J Kumar Infra