Press release
Surge In Road Accident Casualties Fuels Growth In Highway Maintenance Market Driver: A Major Catalyst in the Evolution of the Highway Maintenance Market in 2025
Highway Maintenance
The escalating number of road mishap victims is anticipated to boost the expansion of the highway maintenance market. The increasing frequency of road accidents is usually linked to components such as high traffic volume, distracted driving, speeding, and insufficient road safety measures. The implementation of highway maintenance contributes to mitigating the increasing number of road disaster victims, ensuring enhanced road conditions, addressing potential dangers like potholes and cracks, and augmenting the overall roadway security infrastructure. For instance, in October 2022, as per the Govt. Wales, the governing body of the Welsh government operating within the UK, in 2022, the police forces in Wales reported the occurrence of 4,447(r) road causalities, reflecting a 2% rise compared to 2021. Hence, the escalating count of road mishap victims is spurring the expansion of the highway maintenance market.
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How will the growth rate of the highway maintenance market shape industry trends by 2034?
In recent years, the size of the highway maintenance market has seen a robust growth. The market is projected to expand from $7.76 billion in 2024 to $8.24 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the historical period include aged infrastructure, rising vehicle traffic, government regulations and safety standards, normal wear and tear of roads, funds provided by infrastructure investment schemes, and advances in road construction and maintenance technology.
In the upcoming years, the highway maintenance market is projected to experience robust growth, reaching a value of $10.39 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The anticipated growth during the forecast period can result from various factors, including an increase in road accident fatalities, expansion of road networks and urbanization, heightened emphasis on sustainability and eco-friendly building materials, advancements in the field of predictive maintenance technologies, rising demand for intelligent infrastructure, improved government funding alongside public-private collaborations. Key trends that will surface in the forecast period include the utilization of AI and machine learning for predictive maintenance, the integration of smart sensors and the internet of things for real-time tracking, focus on sustainability and use of recycled materials, automation and drone-based inspection methods, and the creation of innovative road surface materials.
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What trends are poised to drive the future success of the highway maintenance market?
Predominant businesses in the highway maintenance market are investing in artificial intelligence (AI) and machine learning for proactive repairs, including AI for identifying road surface anomalies to upgrade the immediate spotting of potholes, thereby boosting road safety. The technique of AI for road surface anomaly detection employs artificial intelligence algorithms to discern and scrutinize inconsistencies on road surfaces, like potholes and cracks, via camera images. For instance, in September 2023, Toshiba Corporation, a Japanese electronics firm, and Toshiba Digital Solutions, a Japanese commercial services firm, launched an innovative AI method for detecting road surface anomalies, particularly focusing on expressway potholes. The AI adopts a weakly supervised learning approach to considerably simplify the training process, thus enabling real-time detection with impressive precision and decreased false positives. This technology provides real-time detection and exact pinpointing of anomalies, thus enabling prompt maintenance and enhancement of road safety. The effectiveness of these innovations has been confirmed through collaborative experiments with Nexco Central, pledging to uplift road safety and maintenance efficacy by automating and refining essential road surface problem detection.
Which primary segments of the highway maintenance market are driving growth and industry transformations?
The highway maintenancemarket covered in this report is segmented -
1) By Service Type: Road Surface Repair and Resurfacing, Signage And Markings, Drainage Maintenance, Other Services
2) By Contract Type: Outsourced Maintenance Contracts, In-House Maintenance Teams
3) By Highway Type: National Highway, State Highway, County Highway
Subsegments:
1) By Road Surface Repair And Resurfacing: Asphalt Patching And Resurfacing, Concrete Repair And Resurfacing, Surface Treatment
2)By Signage And Markings: Road Sign Installation And Maintenance, Pavement Marking Services, Reflective Signage Installation
3) By Drainage Maintenance: Drain Cleaning And Maintenance, Ditch And Culvert Maintenance, Stormwater Management Services
4) By Other Services: Vegetation Control, Snow And Ice Removal, Roadway Lighting Maintenance, Safety Inspections And Audits
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Which geographical regions are pioneering growth in the highway maintenance market?
Asia-Pacific was the largest region in the highway maintenance market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the highway maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the highway maintenance market landscape?
Major companies operating in the highway maintenance market are Vinci SA, Colas Group, Skanska AB, Jacobs Engineering Group Inc., AECOM, WSP Global Inc., Ferrovial SA, Balfour Beatty plc, Stantec Inc., Kier Group plc, Amey plc, Tarmac Limited, Costain Group plc, John Sisk & Son Limited, VolkerHighways Ltd., The Miller Group, Ringway Infrastructure Services Ltd., FM Conway Limited, BAM Nuttall, AE Yates, Dawson Road Maintenance, Markolines
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What Is Covered In The Highway Maintenance Global Market Report?
•Market Size Forecast: Examine the highway maintenance market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the highway maintenance market for a structured understanding.
•Key Players Overview: Analyze major players in the highway maintenance market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the highway maintenance market.
•Segment Contributions: Evaluate how different segments drive overall growth in the highway maintenance market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the highway maintenance market.
•Industry Challenges: Identify potential risks and obstacles affecting the highway maintenance market.
•Competitive Landscape: Review strategic developments in the highway maintenance market, including expansions, agreements, and new product launches.
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