Roads And Highways Global Market Opportunities And Strategies To 2033

Description

Roads typically refer to paved surfaces, facilitating local transportation within urban and rural areas, while highways are major routes designed for long-distance travel and for connecting cities and regions. Roads and highways are essential components of transportation infrastructure, providing interconnected networks for vehicular movement.

The roads and highways market consists of revenues earned by entities (organizations, sole traders and partnerships) that provide services which include construction, maintenance and technological advancements of road and highway networks. Roads and highways play an essential role in the transportation system, impacting economic development, trade and daily commuting for individuals and businesses.

The global roads and highways market was valued at $603,488.3 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.

Rise In Vehicle Ownership

The growth of the roads and highways market in the historic period was significantly propelled by a notable rise in vehicle ownership globally. As economies expanded and disposable incomes increased, there was a corresponding surge in the demand for personal vehicles, including cars, motorcycles and commercial vehicles. This escalation in vehicle ownership led to heightened pressure on existing transportation infrastructure, necessitating the construction, expansion and maintenance of roads and highways to accommodate the growing vehicular traffic. For instance, according to a study by Forbes, a US-based media company, the number of registered vehicles in the United States grew by 3.66% between 2017 and 2021, showing a rise in the ownership of vehicles. In 2021, 91.7% of households owned at least one vehicle. Therefore, the rise in vehicle ownership drove the growth of the roads and highways market.

Use Of 3D Intelligent Paving Technology For Enhanced Efficiency

Companies operating in the roads and highways market are adopting new technologies, such as 3D intelligent paving technology, to increase efficiency. 3D intelligent paving technology refers to advanced methods utilizing three-dimensional modeling and intelligent systems for the efficient and precise construction of roads, walkways and other paved surfaces. The main benefits of 3D intelligent paving technology in roads and highways are improvements to the quality, efficiency and sustainability of road paving and in providing better services. For example, in December 2022, China Communications Construction Company, a China-based engineering and construction company, completed the construction and started the operation of the two highways - Renhuai-Zunyi Expressway in Guizhou and the Pingguo-Nanning Expressway in Guangxi - using 3D intelligent paving technology. The project's quality is enhanced, and construction safety ensured using 3D intelligent paving technology in the road's video monitoring system.

The global roads and highways market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 21.08% of the total market in 2022.

Roads And Highways Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global roads and highways market as it emerges from the COVID-19 shut down.

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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 history and forecasts market growth by geography. It places the market within the context of the wider roads and highways market; and compares it with other markets.

The report covers the following chapters

Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type and by road type.
Key Trends- Highlights the major trends shaping the roads and highways market. This section also highlights likely future developments in the market.
Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on the global and regional markets, providing strategic insights for businesses in the roads and highways market.
Global Market Size and Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type and by road type in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies.
Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
Competitive Dashboard - Briefs on competitive dashboard of major players.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for roads and highways providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) By Product Type: Road Construction And Maintenance; Highway Construction And Maintenance
2) By Road Type: Main Roads; Secondary Roads; Tertiary Roads And Local Roads.
Companies Mentioned: China Communications Construction Co Ltd; Bouygues SA; Vinci SA; ACS Group; CRH Plc.
Countries: China; Australia; Philippines; Canada; Mexico; USA; Argentina; Colombia; France; Germany; Spain; UK; Greece; Poland
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; roads and highways indicators comparison.
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.

Product Code: o&s1126

1 Executive Summary

1.1 Roads And Highways - Market Attractiveness And Macro Economic Landscape

2 Table Of Contents

3 List Of Tables

4 List Of Figures

5 Report Structure

6 Market Characteristics

6.1 General Market Definition
6.2 Summary
6.3 Roads And Highways Market Definition And Segmentations
6.4 Market Segmentation By Product Type
- 6.4.1 Road Construction And Maintenance
- 6.4.2 Highway Construction And Maintenance
6.5 Market Segmentation By Road Type
- 6.5.1 Main Roads
- 6.5.2 Secondary Roads
- 6.5.3 Tertiary Roads
- 6.5.4 Local Roads

7 Major Market Trends

7.1 Use Of 3D Intelligent Paving Technology For Enhanced Efficiency
7.2 Focus On Sustainability In Roads And Highways Construction
7.3 Strategic Partnerships And Acquisitions Among Market Players

8 Roads And Highways Market - Macro Economic Scenario

8.1 COVID-19 Impact On The Roads And Highways Market
8.2 Impact Of The War In Ukraine On The Roads And Highways Market
8.3 Impact Of High Inflation On The Roads And Highways Market

9 Global Market Size And Growth

9.1 Market Size
9.2 Historic Market Growth, 2018 - 2023, Value ($ Million)
- 9.2.1 Market Drivers 2018 - 2023
- 9.2.2 Market Restraints 2018 - 2023
9.3 Forecast Market Growth, 2023 - 2028, 2033F Value ($ Million)
- 9.3.1 Market Drivers 2023 - 2028
- 9.3.2 Market Restraints 2023 - 2028

10 Global Roads And Highways Market Segmentation

10.1 Global Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.2 Global Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

11 Roads And Highways Market, Regional and Country Analysis

11.1 Global Roads And Highways Market, By Region, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11.2 Global Roads And Highways Market, By Country, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

12 Asia-Pacific Market

12.1 Summary
- 12.1.1 Market Overview
- 12.1.2 Region Information
- 12.1.3 Market Information
- 12.1.4 Background Information
- 12.1.5 Government Initiatives
- 12.1.6 Regulations
- 12.1.7 Regulatory Bodies
- 12.1.8 Major Associations
- 12.1.9 Taxes Levied
- 12.1.10 Corporate Tax Structure
- 12.1.11 Investments
- 12.1.12 Major Companies
12.2 Asia-Pacific Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.3 Asia-Pacific Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Roads And Highways Market: Country Analysis
12.5 China Market
12.6 Summary
- 12.6.1 Market Overview
- 12.6.2 Country Information
- 12.6.3 Market Information
- 12.6.4 Background Information
- 12.6.5 Government Initiatives
- 12.6.6 Regulations
- 12.6.7 Regulatory Bodies
- 12.6.8 Major Associations
- 12.6.9 Taxes Levied
- 12.6.10 Corporate Tax Structure
- 12.6.11 Investments
- 12.6.12 Major Companies
12.7 China Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.8 China Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.9 Australia Market
12.10 Australia Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.11 Australia Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.12 Philippines Market
12.13 Philippines Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.14 Philippines Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

13 Western Europe Market

13.1 Summary
- 13.1.1 Market Overview
- 13.1.2 Region Information
- 13.1.3 Market Information
- 13.1.4 Background Information
- 13.1.5 Government Initiatives
- 13.1.6 Regulations
- 13.1.7 Regulatory Bodies
- 13.1.8 Major Associations
- 13.1.9 Taxes Levied
- 13.1.10 Corporate Tax Structure
- 13.1.11 Investments
- 13.1.12 Major Companies
13.2 Western Europe Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.3 Western Europe Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Roads And Highways Market: Country Analysis
13.5 UK Market
13.6 UK Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.7 UK Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.8 Germany Market
13.9 Germany Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.10 Germany Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.11 France Market
13.12 France Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.13 France Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.14 Spain Market
13.15 Spain Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.16 Spain Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

14 Eastern Europe Market

14.1 Summary
- 14.1.1 Market Overview
- 14.1.2 Region Information
- 14.1.3 Market Information
- 14.1.4 Background Information
- 14.1.5 Government Initiatives
- 14.1.6 Regulations
- 14.1.7 Regulatory Bodies
- 14.1.8 Major Associations
- 14.1.9 Taxes Levied
- 14.1.10 Corporate Tax Structure
- 14.1.11 Investments
- 14.1.12 Major Companies
14.2 Eastern Europe Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.3 Eastern Europe Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Roads And Highways Market: Country Analysis
14.5 Poland Market
14.6 Poland Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.7 Poland Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.8 Greece Market
14.9 Greece Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.10 Greece Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

15 North America Market

15.1 Summary
- 15.1.1 Market Overview
- 15.1.2 Region Information
- 15.1.3 Market Information
- 15.1.4 Background Information
- 15.1.5 Government Initiatives
- 15.1.6 Regulations
- 15.1.7 Regulatory Bodies
- 15.1.8 Major Associations
- 15.1.9 Taxes Levied
- 15.1.10 Corporate Tax Structure
- 15.1.11 Investments
- 15.1.12 Major Companies
15.2 North America Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.3 North America Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.4 North America Roads And Highways Market: Country Analysis
15.5 USA Market
15.6 Summary
- 15.6.1 Market Overview
- 15.6.2 Country Information
- 15.6.3 Market Information
- 15.6.4 Background Information
- 15.6.5 Government Initiatives
- 15.6.6 Regulations
- 15.6.7 Regulatory Bodies
- 15.6.8 Major Associations
- 15.6.9 Taxes Levied
- 15.6.10 Corporate Tax Structure
- 15.6.11 Investments
- 15.6.12 Major Companies
15.7 USA Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.8 USA Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.9 Canada Market
15.10 Canada Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.11 Canada Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.12 Mexico Market
15.13 Mexico Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.14 Mexico Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

16 South America Market

16.1 Summary
- 16.1.1 Market Overview
- 16.1.2 Region Information
- 16.1.3 Market Information
- 16.1.4 Background Information
- 16.1.5 Government Initiatives
- 16.1.6 Regulations
- 16.1.7 Regulatory Bodies
- 16.1.8 Major Associations
- 16.1.9 Taxes Levied
- 16.1.10 Corporate Tax Structure
- 16.1.11 Investments
- 16.1.12 Major Companies
16.2 South America Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.3 South America Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.4 South America Roads And Highways Market: Country Analysis
16.5 Argentina Market
16.6 Argentina Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.7 Argentina Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.8 Colombia Market
16.9 Colombia Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.10 Colombia Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

17 Middle East Market

17.1 Summary
- 17.1.1 Market Overview
- 17.1.2 Region Information
- 17.1.3 Market Information
- 17.1.4 Background Information
- 17.1.5 Government Initiatives
- 17.1.6 Regulations
- 17.1.7 Regulatory Bodies
- 17.1.8 Major Associations
- 17.1.9 Taxes Levied
- 17.1.10 Corporate Tax Structure
- 17.1.11 Investments
- 17.1.12 Major Companies
17.2 Middle East Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.3 Middle East Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

18 Africa Market

18.1 Summary
- 18.1.1 Market Overview
- 18.1.2 Region Information
- 18.1.3 Market Information
- 18.1.4 Background Information
- 18.1.5 Government Initiatives
- 18.1.6 Regulations
- 18.1.7 Regulatory Bodies
- 18.1.8 Major Associations
- 18.1.9 Taxes Levied
- 18.1.10 Corporate Tax Structure
- 18.1.11 Investments
- 18.1.12 Major Companies
18.2 Africa Roads And Highways Market, Segmentation By Product Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.3 Africa Roads And Highways Market, Segmentation By Road Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

19 Competitive Landscape And Company Profiles

19.1 Company Profiles
19.2 China Communications Construction Co Ltd
- 19.2.1 Company Overview
- 19.2.2 Products And Services
- 19.2.3 Business Strategy
- 19.2.4 Financial Overview
19.3 Bouygues SA
- 19.3.1 Company Overview
- 19.3.2 Products And Services
- 19.3.3 Business Strategy
- 19.3.4 Financial Overview
19.4 Vinci S.A.
- 19.4.1 Company Overview
- 19.4.2 Products And Services
- 19.4.3 Business Strategy
- 19.4.4 Financial Overview
19.5 ACS Group
- 19.5.1 Company Overview
- 19.5.2 Products And Services
- 19.5.3 Business Strategy
- 19.5.4 Financial Overview
19.6 CRH Plc
- 19.6.1 Company Overview
- 19.6.2 Products And Services
- 19.6.3 Business Strategy
- 19.6.4 Financial Overview

20 Other Major And Innovative Companies

20.1 Bechtel Corp
- 20.1.1 Company Overview
- 20.1.2 Products And Services
20.2 Strabag SE
- 20.2.1 Company Overview
- 20.2.2 Products And Services
20.3 Jacobs Engineering Group Inc
- 20.3.1 Company Overview
- 20.3.2 Products And Services
20.4 Skanska AB
- 20.4.1 Company Overview
- 20.4.2 Products And Services
20.5 Kiewit Corp
- 20.5.1 Company Overview
- 20.5.2 Products And Services
20.6 AECOM
- 20.6.1 Company Overview
- 20.6.2 Products And Services
20.7 Larsen & Toubro Ltd
- 20.7.1 Company Overview
- 20.7.2 Products And Services
20.8 Ferrovial SA
- 20.8.1 Company Overview
- 20.8.2 Products And Services
20.9 Balfour Beatty Plc
- 20.9.1 Company Overview
- 20.9.2 Products And Services
20.10 Royal BAM Group
- 20.10.1 Company Overview
- 20.10.2 Products And Services
20.11 Acciona SA
- 20.11.1 Company Overview
- 20.11.2 Products And Services
20.12 Porr AG
- 20.12.1 Company Overview
- 20.12.2 Products And Services
20.13 Fluor Corp
- 20.13.1 Company Overview
- 20.13.2 Products And Services
20.14 Granite Construction Inc
- 20.14.1 Company Overview
- 20.14.2 Products And Services
20.15 Tata Projects
- 20.15.1 Company Overview
- 20.15.2 Products And Services

21 Competitive Benchmarking

22 Competitive Dashboard

23 Key Mergers And Acquisitions

23.1 Construction Partners, Inc. Acquired SJ&L General Contractor, LLC
23.2 Stantec Inc Acquired ZETCON Engineering
23.3 M Group Services Acquired Skanska AB
23.4 Aggregate Industries Acquired Northumbrian Roads
23.5 THI Investments Acquired WJ Group
23.6 Clyde Companies Acquired Interstate Highway Construction

24 Opportunities And Strategies

24.1 Global Roads And Highways Market In 2028 - Countries Offering Most New Opportunities
24.2 Global Roads And Highways Market In 2028 - Segments Offering Most New Opportunities
24.3 Global Roads And Highways Market In 2028 - Growth Strategies
- 24.3.1 Market Trend Based Strategies
- 24.3.2 Competitor Strategies

25 Roads And Highways Market, Conclusions And Recommendations

25.1 Conclusions
25.2 Recommendations
- 25.2.1 Product
- 25.2.2 Place
- 25.2.3 Price
- 25.2.4 Promotion
- 25.2.5 People

26 Appendix

26.1 Geographies Covered
26.2 Market Data Sources
26.3 Research Methodology
26.4 Currencies
26.5 The Business Research Company
26.6 Copyright and Disclaimer