Product Code: r6985
“Roads And Highways Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on roads and highways market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for roads and highways? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The roads and highways market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Types: Road construction and maintenance; Highway construction and maintenance
- 2) By Technology: Intelligent transport management system; Intelligent traffic management system; Communication system; Monitoring System; Other Technologies
- 3) By End Use: First-class roads; Substandard roads; Highways; Second-class roads; Third-class roads
- Companies Mentioned: Afcons Infrastructure Limited; Dilip Buildcon Limited; Tata Projects; China Communications Construction Company Ltd.; Granite Construction Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major companies in the the roads and highways market are: Afcons Infrastructure Limited, Dilip Buildcon Limited, Tata Projects, China Communications Construction Company Ltd., Granite Construction Inc., Hunan Road and Bridge Construction Group Co. Ltd., Kiewit Corporation, Lane Construction Corporation, Sichuan Railway Investment Group Co. Ltd., Larsen & Toubro Ltd., and IRB Infrastructure Developers Limited.
The global roads and highways market is expected to grow from $674.98 billion in 2022 to $716.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The roads and highways market is expected to reach $871.36 billion in 2027 at a CAGR of 5.0%.
The roads and highways market includes of revenues earned by entities by constructing earthen roads, murrum roads, bituminous roads, concrete roads, highway roads, gravel roads, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. The roads market also includes sales of motor grader, asphalt plant, asphalt paver, and road roller machine which are used in constructing roads. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A road refers to a long, narrow section of land having a leveled or paved surface designed for vehicular and pedestrian traffic while a busy route with multiple lanes is called a highway. Roads and highways have been the main means by which entire economies and communities have arisen and grown over time. It involves the design and construction of roads and highways.
North America was the largest region in the roads and highways market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in roads and highways report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the roads and highways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The main types of roads and highways products are road construction and maintenance and highway construction and maintenance. Road construction and maintenance refers to preservation, including repairs and resurfacing of a highway, and new road construction. Various technologies are involved such as intelligent transport management system, intelligent traffic management system, communication system, monitoring system, and others, which are used in making first-class roads, substandard roads, highways, second-class roads, and third-class roads.
The increasing production of vehicles is expected to propel the growth of the roads and highways market going forward. The term vehicle production refers to the mass manufacturing of identical models that are offered for sale to the public. Most of the drivers prefer traveling on highways, as they are the long, straight roadways that connect places with one another, making it simpler to travel on them. Moreover, highway travel allows for fuel savings because it shortens the distance between cities. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the increasing production of vehicles is driving the growth of the roads and highways market.
Technological advancements have emerged as a key trend gaining popularity in the roads and highways market. Major companies operating in the roads and highways market are focused on incorporating advanced technologies to strengthen their position in the market. For instance, in February 2023, the Ministry of Road Transport and Highways, an organization under the Central Government of India, launched Skye UTM, an unmanned traffic management system that helps speed up highway construction, monitor deadly traffic accidents, and supervise real-time traffic monitoring. Skye UTM is a cloud-based system for managing air traffic that links manned and unmanned flights together. In order to provide situational awareness, autonomous navigation, risk assessment, and traffic management to all drone and other aerial mobility operators throughout the airspace, Skye UTM is the most sophisticated and indigenous aerial traffic management platform.
In September 2021, Bird Construction, a Canada-based institutional building construction company, acquired Dagmar Construction Inc. for $32 million. With this acquisition, Bird Construction aims to give itself more opportunities to develop its contacts and capabilities in the country's biggest market for civil infrastructure, create more and more specialized projects, and drive higher self-perform margins. Dagmar Construction Inc. is a Canada-based construction company with extensive experience in civil infrastructure, including rail, road, bridge, sewer, and commercial and institutional sites.
The market value is defined as the revenues that enterprises gain from selling goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The roads and highways market research report is one of a series of new reports from The Business Research Company that provides roads and highways market statistics, including roads and highways industry global market size, regional shares, competitors with a roads and highways market share, detailed roads and highways market segments, market trends and opportunities, and any further data you may need to thrive in the roads and highways industry. This roads and highways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Roads And Highways Market Characteristics
3. Roads And Highways Market Trends And Strategies
4. Roads And Highways Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Roads And Highways Market
- 4.2. Ukraine-Russia War Impact On Roads And Highways Market
- 4.3. Impact Of High Inflation On Roads And Highways Market
5. Roads And Highways Market Size And Growth
- 5.1. Global Roads And Highways Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Roads And Highways Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Roads And Highways Market Segmentation
- 6.1. Global Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Road construction and maintenance
- Highway construction and maintenance
- 6.2. Global Roads And Highways Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Intelligent transport management system
- Intelligent traffic management system
- Communication system
- Monitoring System
- Other Technologies
- 6.3. Global Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- First-class roads
- Substandard roads
- Highways
- Second-class roads
- Third-class roads
7. Roads And Highways Market Regional And Country Analysis
- 7.1. Global Roads And Highways Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Roads And Highways Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Roads And Highways Market
- 8.1. Asia-Pacific Roads And Highways Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Roads And Highways Market
- 9.1. China Roads And Highways Market Overview
- 9.2. China Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Roads And Highways Market
- 10.1. India Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Roads And Highways Market
- 11.1. Japan Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Roads And Highways Market
- 12.1. Australia Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Roads And Highways Market
- 13.1. Indonesia Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Roads And Highways Market
- 14.1. South Korea Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Roads And Highways Market
- 15.1. Western Europe Roads And Highways Market Overview
- 15.2. Western Europe Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Roads And Highways Market
- 16.1. UK Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Roads And Highways Market
- 17.1. Germany Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Roads And Highways Market
- 18.1. France Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Roads And Highways Market
- 19.1. Eastern Europe Roads And Highways Market Overview
- 19.2. Eastern Europe Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Roads And Highways Market
- 20.1. Russia Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Roads And Highways Market
- 21.1. North America Roads And Highways Market Overview
- 21.2. North America Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Roads And Highways Market
- 22.1. USA Roads And Highways Market Overview
- 22.2. USA Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Roads And Highways Market
- 23.1. South America Roads And Highways Market Overview
- 23.2. South America Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Roads And Highways Market
- 24.1. Brazil Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Roads And Highways Market
- 25.1. Middle East Roads And Highways Market Overview
- 25.2. Middle East Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Roads And Highways Market
- 26.1. Africa Roads And Highways Market Overview
- 26.2. Africa Roads And Highways Market, Segmentation By Product Types, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Roads And Highways Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Roads And Highways Market Competitive Landscape And Company Profiles
- 27.1. Roads And Highways Market Competitive Landscape
- 27.2. Roads And Highways Market Company Profiles
- 27.2.1. Afcons Infrastructure Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Dilip Buildcon Limited
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Tata Projects
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. China Communications Construction Company Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Granite Construction Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Roads And Highways Market
29. Roads And Highways Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer