Global Road Construction And Maintenance Market 2024-2028
Technavio has been monitoring the road construction and maintenance market and is forecast to grow by $ 214 bn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. Our report on the road construction and maintenance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by investments in road and highway infrastructure projects, growth in number of automobiles on roads, and increasing need for highway infrastructure.
Technavio's road construction and maintenance market is segmented as below:
By Application
- New construction
- Reconstruction
- Repair
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the adoption of new technologies and materials as one of the prime reasons driving the road construction and maintenance market growth during the next few years. Also, emergence of smart cities and increasing incidence of road accidents will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the road construction and maintenance market covers the following areas:
- Road construction and maintenance market sizing
- Road construction and maintenance market forecast
- Road construction and maintenance market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading road construction and maintenance market vendors that include ACS Actividades de Construccion Y Servicios SA, Advantage North Services Ltd., Afcons Infrastructure Ltd., Balfour Beatty Plc, Blacklidge, Cat Works LLC, Dilip Buildcon Ltd., Ebenezer Commercial Works Ltd., Granite Construction Inc., Hunan Communication and Water Conservancy Group Ltd, Kiewit Corp., Ledcor IP Holdings Ltd., National Highways and Infrastructure Development Corp. Ltd., Strabag International GmbH, TATA projects, Tenmile, The Lane Construction Corp., United Materials , and Xenomatix. Also, the road construction and maintenance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.