Global Road Repairs and Maintenance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Road Repairs and Maintenance Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Road maintenance is defined as preserving and keeping the serviceable conditions of roads as normal as possible and practicable. The main objectives of road maintenance men are the allocation of available maintenance resources according to actual needs and priorities. If the maintenance works are not done at all or done faulty or the pavement structure inadequate for present-day loading.

Road maintenance consists of correcting deficiencies in the highway that have developed as the result of age, wear, weather, and damage and taking steps to prevent or delay the development of other deficiencies. In this way, there are two types of maintenance, namely, preventive and breakdown. In preventive maintenance, an attempt is made to anticipate potential failure and to do something to prevent or delay the failure. In breakdown maintenance, the failure has already occurred and steps or measures must be taken to determine and correct the cause as well as to repair the damage that has taken place.

Road maintenance is affected by budget restrictions, political influences, and numerous environmental and other variables. All these factors must be suitably accommodated in the highway system. As new needs are emerging, the maintenance procedures are also kept changing. For instance, precast pavement sections have been developed to provide a prompt replacement of localized sections of deteriorated pavement with minimum interference with the flow of traffic. The report studies the global road repairs and maintenance market.

Market Overview:

The latest research study on the global Road Repairs and Maintenance market finds that the global Road Repairs and Maintenance market reached a value of USD 168352.72 million in 2022. It’s expected that the market will achieve USD 196052.08 million by 2028, exhibiting a CAGR of 2.57% during the forecast period.
Road Repairs and Maintenance is mainly to maintain roads and structures and facilities on the roads, keep the road performance as much as possible, recover damaged parts in time, ensure safe, comfortable and smooth driving, and save transportation costs and time; Take correct technical measures to improve the engineering quality, prolong the service life of roads and delay the reconstruction time.
During the epidemic situation, countries implemented isolation and restriction measures, and construction activities decreased. In order to resolutely curb the spread of COVID-19 and ensure people's safety and health. Basically, all regions have taken measures to strictly strengthen prevention and control (strictly implement the management and control of resumption of work projects and strictly protect project site personnel), so as to avoid the risk of cross-infection caused by the concentration of personnel, which leads to the reduction of construction activities and the reduction of demand for Road Repairs and Maintenance projects.
Industry Trends
The development of new technologies for performance testing and maintenance of existing roads is an eternal theme
Long-term highway performance observation and research is a hot spot all over the world
Green conservation technology is the development direction of the world today
Intelligent management of road maintenance is characteristic of the digital economy
In the future, the maintenance of highway infrastructure will face great financial pressure

Region Overview:

Asia-Pacific had the highest growth rate of all regions, growing at a CAGR of 3.90% over 2017-2022.
In 2022, the share of the market in North America stood at 33.07%.

Company Overview:

Colas Group, Eiffage, Anas were the top 3 players in the market in 2022, taking up a market share of 6.27% together.

Colas Group

Colas Group is a major French civil engineering firm specializing in road construction and rail track construction through its Colas Rail subsidiary. Since the 1990s, the group has incorporated the Screg and Sacer road construction firms.
Road construction makes up 80% of the group's activities. Additional related activities include road signage, construction, various civil engineering activities including pipe-laying, and rail track construction and maintenance.

Eiffage

Eiffage is a contractor and a concessionaire. The Company operates through numerous business lines, including concessions and public-private partnerships, construction, public works, energy, metal.

Anas

The Company offers management, maintenance, repairs, and construction of roads and highways.

Segmentation Overview:

Value in the Maintenance Activities segment by type grew annually by 2.05% from 2017 to 2021.
Among different product types, Maintenance Activities segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Road Markings segment grew at the fastest CAGR (4.09% from 2017-2022).

Key Companies in the global Road Repairs and Maintenance market covered in Chapter 3:

Colas Group
Granite Construction
ACS Group
Balfour Beatty
FM Conway
Aecom
Louis Berger
Kier Group
Dawson Road Maintenance
Anas
Downer Group
Ferrovial Services
Crafco
Mainrod Group
ITINERA
Eiffage

In Chapter 4 and Chapter 14.2, on the basis of types, the Road Repairs and Maintenance market from 2018 to 2029 is primarily split into:

Maintenance Activities
Pavements
Road Markings
Road Lighting
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Road Repairs and Maintenance market from 2018 to 2029 covers:

Highway
Road and Street

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)