Roads And Highways Market Report 2023 - Market Research, Size, Analysis And Outlook 2032 | Afcons Infrastructure Limited, Dilip Buildcon Limited, Tata Projects, China Communications Construction Company Ltd., Granite Construction Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Roads And Highways Market Size, Growth Rate, And Forecast

The global roads and highways market size 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 global roads and highways market size is expected to reach $871.36 billion in 2027 at a CAGR of 5.0%.

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Roads And Highways Market Drivers

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.

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Roads And Highways Market Segments

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.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Roads And Highways market.

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Roads And Highways Market Key Players

Major competitors in the roads and highways market include Afcons Infrastructure Limited, Dilip Buildcon Limited, Tata Projects, China Communications Construction Company Ltd., Granite Construction Inc., Hunan Road and Bridge Construction Group Co. Ltd.

The Business Research Company's "Global Roads And 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 Roads And Highways Market Include:

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
5. Roads And Highways Market Size And Growth
……
26. Africa Roads And Highways Market
27. Roads And Highways Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Roads And Highways Market
29. Roads And Highways Market Future Outlook and Potential Analysis
30. Appendix

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