Press Release

India Rapid Transit System Market to be dominated by Metro Rail segment through 2028

Rise in demand for public transport system and investment in metro rail are the major factors propelling the India Rapid Transit System Market growth during the forecast period.

According to TechSci Research report,India Rapid Transit System Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the India Rapid Transit System Market is expected to register robust growth during the forecast period, 2024-2028.

Mass Transit System refers to public transportation, including trains, buses, ferries and many others that can travel passengers from starting place to vacation spot on a no-reserved basis and in lesser time. It could additionally be termed as public transport.

Rapid transit or mass transit includes subways and surface mild rail structures, designed for commuting inter-metropolis or intra-city. Mass transit can be based totally on constant path system together with subway trains, metros or non-constant direction system such as buses. It is more budget friendly. Moreover, it's the most effective way of reducing the ever-developing congestion of the growing metropolis.

The development of mass transit not only improves the availability and efficiency of the public transit system, but also leads to increased business in commercial development and helps improve the economy of the country. Mass transit systems offer significant savings in labor, materials, and energy compared to civilian transportation systems. Public transportation also has a modest capacity compared to private vehicles, allowing large amounts of luggage to be transported to distant destinations in a short period of time. It also helps conserve fuel due to its large capacity and can carry highly efficient engines.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "India Rapid Transit System Market."

The India Rapid Transit System Market is segmented into type, ownership, region and competitive landscape. On the basis of type, the market is divided into metro rail, busways & bus, regional rail, and tramways. During the projected period, the metro rail segment by type is expected to dominate the market. There are currently 16 operating metro systems in 15 cities across India, with Delhi Metro being the largest. As of December 2022, India has 822,038 km of metro lines in operation and 16 systems. Another 568.15 kilometers of track is under construction. In 2022, the center's government has received 16 proposals for metro projects from states and federal territories. The proposal includes three regional rapid transit systems connecting different parts of Haryana and Rajasthan to Delhi and two regional rapid transit systems in Jammu and Kashmir. Of the 16 proposals, most (three) came from Maharashtra and included the construction of the 43.80 km second phase of the Nagpur Metro within five years of the date of approval. Similarly, the state has submitted a proposal to complete the 33 km-long Nashik Metro within four years of the approval date. The third proposal is the 29 km long Thane Internal Ring project, which is expected to be completed within five years from the grant date. The Delhi government has submitted a proposal for the construction of the remaining three corridors (total length of 43.677 km) of the Delhi Metro as part of the 4th phase. These projects are expected to drive the India Rapid Transit System during the forecast period.

Key market players in the India Rapid Transit System Market: -

           ·         Delhi Metro Rail Corporation 

           ·         Bangalore Metro Rail Corporation Limited 

           ·         Reliance Infrastructure Limited 

           ·         Larsen & Toubro Ltd 

           ·         Mumbai Metropolitan Region Development Authority (MMRDA) 

           ·         IL&FS Engineering and Construction Company Limited  

           ·         Ahmedabad Janmarg Limited 

           ·         AFCONS Infrastructure Ltd

           ·         J. Kumar Infraprojects Ltd. 

           ·         Lucknow Metro Rail Corporation

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"India Rapid Transit System Market is expanding at a rapid pace. The Indian government is investing a huge amount of money which won’t only make the connectivity easier but also reduce the negative impact on the environment due to traffic jams. In the union budget of 2023-2024, the Indian government allocated USD2,364.8 million for upcoming metro projects in the country, thus driving the India Rapid Transit System Market." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Rapid Transit System Market By Type (Metro Rail, Busways & Bus, Regional Rail, Tramways), By Ownership (Central Government, State Government and Public & Private Partnership), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of India Rapid Transit System Market and provides statistics & 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 India Rapid Transit System Market.


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