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Roads And Highways Global Market Report 2025: Predicted to Expand to $879.21 billion by 2029 - Key Players, CAGR Figures, and Market Drivers Revealed
Roads And Highways Global Market Report
What Is The Projected Market Size Of The Global Roads And Highways Global Market Report 2025 And Its Growth Rate?
The steadily expanding roads and highways market is showing promising signs.
•The market is predicted to grow from $697.79 billion in 2024 to $727.44 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.2%.
•By 2029, the market will have grown to $879.21 billion, an impressive CAGR of 4.9%.
•Driving the market's historic period growth are factors such as urbanization, population growth, economic developments, emerging tourism trends, and expansions in trade and commerce.
•Looking forward, the adoption of intelligent transportation solutions, sustainable infrastructure, resilience strategies, electric vehicles, and autonomous vehicle integration will likely prop up the market.
What Is Driving The Growth In The Roads And Highways Global Market Report 2025?
The roads and highways market is characterized by steady growth due to an increase in vehicle production. Majority of drivers favor highways and are the preferred roadways for connecting cities, offering ease of travel and fuel efficiency by reducing distance. For instance, the International Council on Clean Transportation reported a substantial increase in electric vehicle (EV) sales from the first quarter of 2021 to the third quarter of 2023. Over this period, EV sales rose from 3% to over 10% of total light-duty vehicle sales. As the production of vehicles continues to rise so does the growth of the roads and highways market.
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Who Are the Key Players Driving Roads And Highways Global Market Report 2025 Growth?
•China Communications Construction Company Ltd.
•Vinci SA
•Bouygues SA
•ACS Group
•CRH plc
•Larsen & Toubro Ltd.
•STRABAG SE
•Tata Projects
•Bechtel Corporation
•Jacobs Engineering Group Inc.
•Colas SA
•Skanska AB
•Fluor Corporation
•Kiewit Corporation
•AECOM
•Acciona S.A.
•Balfour Beatty plc
•Ferrovial S.A.
•Royal BAM Group
•Porr AG
•Granite Construction Inc.
•Lane Construction Corporation
•Dilip Buildcon Limited
•Walsh Construction LLC
•Heidelberg Cement AG
•IRB Infrastructure Developers Limited
•Eurovia UK Limited
•Hunan Road and Bridge Construction Group Co Ltd.
•Afcons Infrastructure Limited
•Sichuan Railway Investment Group Co Ltd.
What Are The Key Trends In The Roads And Highways Global Market Report 2025?
Key trends in the forecast period include:
•Public-Private Partnerships (PPPs)
•Smart Infrastructure and Technology Integration
•Focus on Sustainable and Eco-friendly Practices
•Adoption of Advanced Materials
•Emphasis on Safety Measures
What Are The Segments Of The Global Roads And Highways Global Market Report 2025?
1) Road Construction and Maintenance
2) Highway Construction and Maintenance
3) By Technology: Intelligent Transport Management System, Intelligent Traffic Management System, Communication System, Monitoring System, Other Technologies
4) By End Use: First-Class Roads, Substandard Roads, Highways, Second-Class Roads, Third-Class Roads
Which Region Leads The Roads And Highways Global Market Report 2025?
In 2024, North America was the largest region in the roads and highways market. However, Asia-Pacific is expected to be the fastest-growing region in the road and highways global market report during the forecast period. Other regions analyzed in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Roads And Highways Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Roads And Highways Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Roads And Highways Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Roads And Highways Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Roads And Highways Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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