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Highways Market Report 2023 - Market Research, Growth Analysis, Trends And Forecast To 2032 | Granite Construction Inc., Fujian Expressway Development Co. Ltd., Hunan Communication & Water Conservancy Group Ltd., Sichuan Railway Investment Guangrun Logist
Highways Market
Highways Market Size, Growth Rate, And Forecast
The global highways market size is expected to grow from $407.97 billion in 2022 to $435.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. 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 global highways market size is expected to reach $540.62 billion in 2027 at a CAGR of 5.5%.
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Highways Market Drivers
The rise in the number of vehicles is expected to propel the growth of the highway market going forward. A vehicle is a means used to carry or transport person or something from one place to another. Vehicles require highways in good condition as they connect large metropolises and rural communities across the country, which helps in the quick transportation of people and products.
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Highways Market Segments
By Type: Road Construction And Maintenance, Highway Construction And Maintenance.
By Component: Hardware, Software, Service.
By Product Technology: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Highways market.
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Highways Market Key Players
Major competitors in the highways market include Granite Construction Inc., Fujian Expressway Development Co. Ltd., Hunan Communication & Water Conservancy Group Ltd., Sichuan Railway Investment Guangrun Logistics Co. Ltd., IBI Group, Construction Partners Inc.
The Business Research Company's "Global Highways Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Highways Market Include:
1. Executive Summary
2. Highways Market Characteristics
3. Highways Market Trends And Strategies
4. Highways Market - Macro Economic Scenario
5. Highways Market Size And Growth
……
26. Africa Highways Market
27. Highways Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Highways Market
29. Highways Market Future Outlook and Potential Analysis
30. Appendix
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