Industry Outlook of Mayasheel Ventures IPO
The global road and highway infrastructure market was valued at USD 1134.28 billion in 2022.
It is expected to reach USD 1333.67 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.06% from 2023 to 2030.
This sector includes a network of roadways, highways, bridges, tunnels, and related facilities.
Such infrastructure supports the movement of people, goods, and services across different areas.
Roads link various destinations including cities, rural zones, industrial hubs, and commercial locations.
Highways refer to major roads that enable long-distance travel and connect large regions or cities.
In India, the road and highways market was valued at USD 152.16 billion in 2024.
The Indian market is projected to reach USD 266.60 billion by 2030.
It is estimated to grow at a CAGR of 9.63% during the forecast period.
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