Road & Highway Infrastructure Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Road & Highway Infrastructure Market
The global road & highway infrastructure market size was valued at USD 1134.28 billion in 2022 and is projected to grow from USD 1156.33 billion in 2023 to USD 1333.67 billion by 2030, exhibiting a CAGR of 2.06% during the forecast period of 2024-2032.
The COVID-19 pandemic messed up the Road & Highway Infrastructure Market, which caused delays in production and reduced funding. Decreased traffic volumes impacted toll sales and upkeep budgets. However, governments' stimulus programs and infrastructure investments aimed at financial recuperation provide possibilities for market revival submit-pandemic.
The Road & Highway Infrastructure Market is mainly pushed by increasing urbanization, population boom, and the want for green transportation networks. Additionally, authorities' tasks for infrastructure improvement, rising funding in clever transportation structures, and the demand for advanced street protection measures contribute to the marketplace boom. Furthermore, the focus on sustainability, environmental concerns, and the integration of advanced technologies in road creation and gas marketplace expansion.
The Road & Highway Infrastructure marketplace is experiencing a growth spurt, pushed through a surge in authorities investments and a focus on protection and sustainability. One key fashion is the upward push of wise transportation structures (ITS) that leverage sensors, records analytics, and verbal exchange technology.These ITS enhance traffic drift, beautify safety capabilities, and optimize upkeep efforts.Additionally, the market is witnessing a growing awareness of sustainable substances and production practices to reduce the environmental impact of avenue building.Expect to look at extra roads constructed with recycled substances and incorporating inexperienced infrastructure elements for higher stormwater control.
Comprehensive Analysis of Road & Highway Infrastructure Market
The Road & Highway Infrastructure Market is segmented with the aid of avenue kinds, components, and techniques. Under road kind, sub-segments consist of national/interstate highways, nation highways, and other roads. National highways witness a speedy boom due to government prioritization for connectivity and financial improvement. Other roads embody urban, rural, carrier, and connecting roads, driven via congestion remedy and mobility enhancement. Components include roads, bridges/tunnels, traffic management structures, and protection systems, with roads dominating due to their important role. Expansion tactics dominate, propelled by way of urbanization-driven infrastructure needs, while preservation stays essential for sustaining green transportation structures.
The Asia Pacific region led the road and highway infrastructure market by benefitting a size of USD 709.34 billion in 2023 due to demographic modifications, there is an accelerated want for improved transportation infrastructure to house the increasing urban regions and the growing mobility of individuals inside and throughout cities.
The dominant players in the road and highway infrastructure market significantly influence its growth trajectory and establish industry benchmarks. These key market players, such as Vinci SA (France), ACS Group (Spain), China Communications Construction Company (CCCC) (China), Bechtel Corporation (U.S.), Bouygues SA (France), Ferrovial (Spain), Skanska AB (Sweden), Strabag SE (Austria), L&T Infrastructure Development Projects Limited (India), Siemens AG (Germany), Hitachi, Ltd. (Japan), and Hyundai Engineering & Construction Co., Ltd. (South Korea), shape a competitive landscape by driving innovation and facilitating market advancement.
In March 2023, Bechtel Corporation entered into a partnership agreement with Enka İnşaat ve Sanayi A.Ş., its Turkish joint assignment, to assemble sixty eight miles of highways in North Macedonia's phase of Pan-European Corridor VIII. This collaboration pursuits to finish the assignment by using 2027, with an envisioned price of USD 1.Four billion.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 2.06% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Road Type
National/Interstate Highways
State Highways
Other Roads
By Components
Road
Bridges/Tunnels/Culverts
Marking and Signage
Safety Equipment
Traffic Management System
Others
By Process
Maintenance
Expansion
By Geography
North America (By Road Type, By Components, By Process)
- U.S. (By Process)
- Canada (By Process)
- Mexico (By Process)
Europe (By Road Type, By Components, By Process)
- Germany (By Process)
- France (By Process)
- U.K. (By Process)
- Rest of Europe (By Process)
Asia Pacific (By Road Type, By Components, By Process)
- China (By Process)
- Japan (By Process)
- India (By Process)
- South Korea (By Process)
- Rest of Asia Pacific (By Process)
Rest of the World (By Road Type, By Components, By Process)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 4.5. Impact of Russia-Ukraine on Global Naval Actuators and Valves
- 5. Global Naval Actuators and Valves Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Platform
- 5.2.1. Aircraft Carriers
- 5.2.2. Destroyers
- 5.2.3. Frigates
- 5.2.4. Corvettes
- 5.2.5. Offshore Patrol Vehicles
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Type
- 5.3.1. Linear Actuators
- 5.3.2. Rotary Actuators
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Valves & Actuation
- 5.4.2. Propulsion System Valve Control
- 5.4.3. Weapon Handling & Release System
- 5.4.4. Carrier Flight Deck Operations
- 5.4.5. Radar Deployment Operations
- 5.4.6. Navigation System
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Naval Actuators and Valves Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Platform
- 6.1.1. Aircraft Carriers
- 6.1.2. Destroyers
- 6.1.3. Frigates
- 6.1.4. Corvettes
- 6.1.5. Offshore Patrol Vehicles
- 6.1.6. Others
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Linear Actuators
- 6.2.2. Rotary Actuators
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Valves & Actuation
- 6.3.2. Propulsion System Valve Control
- 6.3.3. Weapon Handling & Release System
- 6.3.4. Carrier Flight Deck Operations
- 6.3.5. Radar Deployment Operations
- 6.3.6. Navigation System
- 6.3.7. Others
- 6.4. Market Analysis – By Country
- 6.4.1. U.S
- 6.4.1.1. Market Analysis, Insights and Forecast – By Application
- 6.4.1.1.1. Valves & Actuation
- 6.4.1.1.2. Propulsion System Valve Control
- 6.4.1.1.3. Weapon Handling & Release System
- 6.4.1.1.4. Carrier Flight Deck Operations
- 6.4.1.1.5. Radar Deployment Operations
- 6.4.1.1.6. Navigation System
- 6.4.1.1.7. Others
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast – By Application
- 6.4.2.1.1. Valves & Actuation
- 6.4.2.1.2. Propulsion System Valve Control
- 6.4.2.1.3. Weapon Handling & Release System
- 6.4.2.1.4. Carrier Flight Deck Operations
- 6.4.2.1.5. Radar Deployment Operations
- 6.4.2.1.6. Navigation System
- 6.4.2.1.7. Others
- 7. Europe Naval Actuators and Valves Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Platform
- 7.1.1. Aircraft Carriers
- 7.1.2. Destroyers
- 7.1.3. Frigates
- 7.1.4. Corvettes
- 7.1.5. Offshore Patrol Vehicles
- 7.1.6. Others
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Linear Actuators
- 7.2.2. Rotary Actuators
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Valves & Actuation
- 7.3.2. Propulsion System Valve Control
- 7.3.3. Weapon Handling & Release System
- 7.3.4. Carrier Flight Deck Operations
- 7.3.5. Radar Deployment Operations
- 7.3.6. Navigation System
- 7.3.7. Others
- 7.4. Market Analysis – By Country
- 7.4.1. U.K
- 7.4.1.1. Market Analysis, Insights and Forecast – By Application
- 7.4.1.1.1. Valves & Actuation
- 7.4.1.1.2. Propulsion System Valve Control
- 7.4.1.1.3. Weapon Handling & Release System
- 7.4.1.1.4. Carrier Flight Deck Operations
- 7.4.1.1.5. Radar Deployment Operations
- 7.4.1.1.6. Navigation System
- 7.4.1.1.7. Others
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast – By Application
- 7.4.2.1.1. Valves & Actuation
- 7.4.2.1.2. Propulsion System Valve Control
- 7.4.2.1.3. Weapon Handling & Release System
- 7.4.2.1.4. Carrier Flight Deck Operations
- 7.4.2.1.5. Radar Deployment Operations
- 7.4.2.1.6. Navigation System
- 7.4.2.1.7. Others
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast – By Application
- 7.4.3.1.1. Valves & Actuation
- 7.4.3.1.2. Propulsion System Valve Control
- 7.4.3.1.3. Weapon Handling & Release System
- 7.4.3.1.4. Carrier Flight Deck Operations
- 7.4.3.1.5. Radar Deployment Operations
- 7.4.3.1.6. Navigation System
- 7.4.3.1.7. Others
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast – By Application
- 7.4.4.1.1. Valves & Actuation
- 7.4.4.1.2. Propulsion System Valve Control
- 7.4.4.1.3. Weapon Handling & Release System
- 7.4.4.1.4. Carrier Flight Deck Operations
- 7.4.4.1.5. Radar Deployment Operations
- 7.4.4.1.6. Navigation System
- 7.4.4.1.7. Others
- 8. Asia Pacific Naval Actuators and Valves Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Platform
- 8.1.1. Aircraft Carriers
- 8.1.2. Destroyers
- 8.1.3. Frigates
- 8.1.4. Corvettes
- 8.1.5. Offshore Patrol Vehicles
- 8.1.6. Others
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Linear Actuators
- 8.2.2. Rotary Actuators
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Valves & Actuation
- 8.3.2. Propulsion System Valve Control
- 8.3.3. Weapon Handling & Release System
- 8.3.4. Carrier Flight Deck Operations
- 8.3.5. Radar Deployment Operations
- 8.3.6. Navigation System
- 8.3.7. Others
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast – By Application
- 8.4.1.1.1. Valves & Actuation
- 8.4.1.1.2. Propulsion System Valve Control
- 8.4.1.1.3. Weapon Handling & Release System
- 8.4.1.1.4. Carrier Flight Deck Operations
- 8.4.1.1.5. Radar Deployment Operations
- 8.4.1.1.6. Navigation System
- 8.4.1.1.7. Others
- 8.4.2. Japan
- 8.4.2.1. Market Analysis, Insights and Forecast – By Application
- 8.4.2.1.1. Valves & Actuation
- 8.4.2.1.2. Propulsion System Valve Control
- 8.4.2.1.3. Weapon Handling & Release System
- 8.4.2.1.4. Carrier Flight Deck Operations
- 8.4.2.1.5. Radar Deployment Operations
- 8.4.2.1.6. Navigation System
- 8.4.2.1.7. Others
- 8.4.3. India
- 8.4.3.1. Market Analysis, Insights and Forecast – By Application
- 8.4.3.1.1. Valves & Actuation
- 8.4.3.1.2. Propulsion System Valve Control
- 8.4.3.1.3. Weapon Handling & Release System
- 8.4.3.1.4. Carrier Flight Deck Operations
- 8.4.3.1.5. Radar Deployment Operations
- 8.4.3.1.6. Navigation System
- 8.4.3.1.7. Others
- 8.4.4. Rest of Asia Pacific
- 8.4.4.1. Market Analysis, Insights and Forecast – By Application
- 8.4.4.1.1. Valves & Actuation
- 8.4.4.1.2. Propulsion System Valve Control
- 8.4.4.1.3. Weapon Handling & Release System
- 8.4.4.1.4. Carrier Flight Deck Operations
- 8.4.4.1.5. Radar Deployment Operations
- 8.4.4.1.6. Navigation System
- 8.4.4.1.7. Others
- 9. Rest of the World Naval Actuators and Valves Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Platform
- 9.1.1. Aircraft Carriers
- 9.1.2. Destroyers
- 9.1.3. Frigates
- 9.1.4. Corvettes
- 9.1.5. Offshore Patrol Vehicles
- 9.1.6. Others
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Linear Actuators
- 9.2.2. Rotary Actuators
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Valves & Actuation
- 9.3.2. Propulsion System Valve Control
- 9.3.3. Weapon Handling & Release System
- 9.3.4. Carrier Flight Deck Operations
- 9.3.5. Radar Deployment Operations
- 9.3.6. Navigation System
- 9.3.7. Others
- 9.4. Market Analysis – By Sub-Region
- 9.4.1. South America
- 9.4.1.1. Market Analysis, Insights and Forecast – By Application
- 9.4.1.1.1. Valves & Actuation
- 9.4.1.1.2. Propulsion System Valve Control
- 9.4.1.1.3. Weapon Handling & Release System
- 9.4.1.1.4. Carrier Flight Deck Operations
- 9.4.1.1.5. Radar Deployment Operations
- 9.4.1.1.6. Navigation System
- 9.4.1.1.7. Others
- 9.4.2. Middle East & Africa
- 9.4.2.1. Market Analysis, Insights and Forecast – By Application
- 9.4.2.1.1. Valves & Actuation
- 9.4.2.1.2. Propulsion System Valve Control
- 9.4.2.1.3. Weapon Handling & Release System
- 9.4.2.1.4. Carrier Flight Deck Operations
- 9.4.2.1.5. Radar Deployment Operations
- 9.4.2.1.6. Navigation System
- 9.4.2.1.7. Others
- 10. Competitive Analysis
- 10.1. Competition Dashboard
- 10.2. Global Naval Actuators and Valves Market Revenue Market Ranking Analysis by Key Players, 2022
- 11. Company Profiles
- 11.1. MOOG Inc.
- 11.1.1. Overview
- 11.1.2. Products & services
- 11.1.3. SWOT analysis
- 11.1.4. Recent developments
- 11.1.5. strategies
- 11.1.6. financials
- 11.2. Honeywell International Inc.
- 11.2.1. Overview
- 11.2.2. Products & services
- 11.2.3. SWOT analysis
- 11.2.4. Recent developments
- 11.2.5. strategies
- 11.2.6. financials
- 11.3. Rotork plc
- 11.3.1. Overview
- 11.3.2. Products & services
- 11.3.3. SWOT analysis
- 11.3.4. Recent developments
- 11.3.5. strategies
- 11.3.6. financials
- 11.4. Emerson Electric Co.
- 11.4.1. Overview
- 11.4.2. Products & services
- 11.4.3. SWOT analysis
- 11.4.4. Recent developments
- 11.4.5. strategies
- 11.4.6. financials
- 11.5. Curtiss Wright Corporation
- 11.5.1. Overview
- 11.5.2. Products & services
- 11.5.3. SWOT analysis
- 11.5.4. Recent developments
- 11.5.5. strategies
- 11.5.6. financials
- 11.6. Wartsila
- 11.6.1. Overview
- 11.6.2. Products & services
- 11.6.3. SWOT analysis
- 11.6.4. Recent developments
- 11.6.5. strategies
- 11.6.6. financials
- 11.7. Rockwell Automation, Inc.
- 11.7.1. Overview
- 11.7.2. Products & services
- 11.7.3. SWOT analysis
- 11.7.4. Recent developments
- 11.7.5. strategies
- 11.7.6. financials
- 11.8. Woodward, Inc
- 11.8.1. Overview
- 11.8.2. Products & services
- 11.8.3. SWOT analysis
- 11.8.4. Recent developments
- 11.8.5. strategies
- 11.8.6. financials
- 11.9. Flowserve Corporation
- 11.9.1. Overview
- 11.9.2. Products & services
- 11.9.3. SWOT analysis
- 11.9.4. Recent developments
- 11.9.5. strategies
- 11.9.6. financials
- 11.10. Schlumberger Ltd
- 11.10.1. Overview
- 11.10.2. Products & services
- 11.10.3. SWOT analysis
- 11.10.4. Recent developments
- 11.10.5. strategies
- 11.10.6. financials
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