The India expressway construction market size reached USD XX Million in 2024. Looking forward, IMARC Group expects the market to reach USD XX Million by 2033, exhibiting a growth rate (CAGR) of XX% during 2025-2033. The market is fueled by government infrastructure initiatives, rapid urbanization, rising traffic demand, increased private sector and foreign investments, and advancements in construction technology. Moreover, programs like Bharatmala Pariyojana, smart highway innovations, and public-private partnerships (PPPs) are accelerating expressway development, thus further increasing the India expressway construction market share.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD XX Million |
Market Forecast in 2033 | USD XX Million |
Market Growth Rate 2025-2033 | XX% |
Government Initiatives and Infrastructure Investments
The Indian government is heavily investing in expressway construction through programs like Bharatmala Pariyojana, the National Infrastructure Pipeline (NIP), and Gati Shakti. These initiatives aim to improve connectivity, reduce travel time, and boost economic growth. Increased budget allocations for highway projects, the introduction of public-private partnerships (PPPs), and faster land acquisition processes have accelerated expressway development. The government is also emphasizing green and smart highways, incorporating electric vehicle (EV) charging stations, intelligent transport systems (ITS), and sustainable materials, further driving the India expressway construction market growth in the sector. For instance, in March 2025, Prime Minister’s Cabinet Committee on Economic Affairs approved a six-lane Greenfield National Highway project in Maharashtra that will improve connectivity between Chowk and JNPA Port (Pagote). The 29.219-kilometer highway, which would be built using the Build, Operate, and Transfer (BOT) model and be in line with the PM GatiShakti National Master Plan, which emphasizes integrated infrastructure development, will cost a total of INR 45 Billion. Rising container traffic at JNPA Port and the expected increase in travel demand when Navi Mumbai International Airport opens were the driving forces for the project's proposal.
Private Sector and Foreign Investments
The expansion of expressway projects is being fueled by increased participation from private companies and foreign investors. Public-private partnerships (PPPs) and foreign direct investment (FDI) in road infrastructure are attracting leading construction firms and global players. The introduction of the Hybrid Annuity Model (HAM) and Build-Operate-Transfer (BOT) models has made expressway projects more financially viable. Additionally, institutions like the National Investment and Infrastructure Fund (NIIF) and global investors are supporting large-scale road development projects, creating a positive India expressway construction market outlook.
Expansion of Connectivity
India's expressway construction is significantly enhancing regional connectivity, linking major cities, industrial hubs, and rural areas with high-speed road networks. These expressways are reducing travel time, improving logistics efficiency, and facilitating smoother transportation of goods and passengers. Key projects like the Delhi-Mumbai Expressway and Bengaluru-Chennai Expressway are expected to drive economic growth by improving access to markets and reducing transportation costs. Additionally, better road connectivity is boosting tourism and real estate development along expressway corridors. The integration of expressways with industrial zones and smart cities further strengthens economic activity. By improving intra-state and inter-state travel, these road networks are playing a crucial role in India's infrastructure modernization, supporting trade, commerce, and overall regional development.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on the type of expressway, construction type, construction material, technology & innovation, and application.
Type of Expressway Insights:
The report has provided a detailed breakup and analysis of the market based on the type of expressway. This includes greenfield expressways, brownfield expressways, and access-controlled expressways.
Construction Type Insights:
A detailed breakup and analysis of the market based on the construction type have also been provided in the report. This includes EPC (Engineering, Procurement, and Construction), PPP (Public-Private Partnership), Hybrid Annuity Model (HAM), and BOT (Build-Operate-Transfer).
Construction Material Insights:
A detailed breakup and analysis of the market based on the construction material have also been provided in the report. This includes concrete expressways, asphalt expressways, and hybrid & composite expressways.
Technology & Innovation Insights:
A detailed breakup and analysis of the market based on technology & innovation have also been provided in the report. This includes smart expressways, sustainable & eco-friendly construction techniques, and intelligent traffic management systems (ITS).
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes freight and logistics, passenger transport, and tourism.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types of Expressways Covered | Greenfield Expressways, Brownfield Expressways, Access-Controlled Expressways |
Construction Types Covered | EPC (Engineering, Procurement, and Construction), PPP (Public-Private Partnership), Hybrid Annuity Model (HAM), BOT (Build-Operate-Transfer) |
Construction Materials Covered | Concrete Expressways, Asphalt Expressways, Hybrid & Composite Expressways |
Technology & Innovations Covered | Smart Expressways, Sustainable & Eco-friendly Construction Techniques, Intelligent Traffic Management Systems (ITS) |
Applications Covered | Freight and Logistics, Passenger Transport, Tourism |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |