Press release
Road Maintenance Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Road Maintenance
What Is the Expected Road Maintenance Market Size During the Forecast Period?
The road maintenance market size will grow from $14.49 billion in 2024 to $15.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The historic growth is attributed to increasing vehicular traffic, government infrastructure development programs, aging road infrastructure, urbanization, and growing public safety concerns.
The road maintenance market size is expected to grow to $19.38 billion by 2029, at a CAGR of 5.9%. Growth is driven by smart city initiatives, electric vehicle adoption, and population growth in urban areas. Trends include AI for predictive maintenance, IoT integration, green infrastructure development, and 3D road pri
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What Are the High-Growth Segments in the Road Maintenance Market?
The road maintenancemarket covered in this report is segmented -
1) By Product: Pavement Management, Maintenance To Road Fixtures, Litter Control, Vegetation Management
2) By Pavement: Asphalt, Concrete
3) By Roadways: Highways, Lower Traffic Volume Roadways, Local streets
4) By Managing Agencies: Federal, State, Municipal
Subsegments:
1) By Pavement Management: Pavement Assessment, Pavement Repair, Pavement Rehabilitation, Pavement Preservation
2) By Maintenance To Road Fixtures: Traffic Signal Maintenance, Road Sign Maintenance, Guardrail Maintenance, Lighting Maintenance
3) By Litter Control: Manual Litter Pickup, Mechanical Litter Collection, Public Awareness Campaigns, Litter Management Programs
4) By Vegetation Management: Mowing and Trimming, Herbicide Application, Tree Trimming And Removal, Erosion Control Measures
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What Key Drivers Are Expected to Influence Future Road Maintenance Market Growth?
The rising number of road accidents is anticipated to drive the growth of the road maintenance market. Factors such as increased vehicle traffic, distracted driving, speeding, and poor road conditions contribute to the growing number of road accidents. Proper road maintenance is crucial to preventing accidents by repairing road surfaces, improving safety features, and addressing infrastructure issues like potholes. In May 2023, the Bureau of Infrastructure and Transport Research Economics (BITRE) reported a 5.8% increase in road crash deaths in Australia in 2022. Therefore, the rising road accident numbers are boosting the road maintenance market.
Which Companies Hold the Largest Share Across Different Road Maintenance Market Segments?
Major companies operating in the road maintenance market are Vinci SA, CRH Total, Group ACS, Hochtief AG, Eiffage S.A., Bechtel Corporation, Dawson Road Maintenance, Colas Group, Cemex S.A.B. de C.V., Fluor Corporation, Kiewit Corporation, AECOM, Downer Group, Sika AG, Balfour Beatty plc, Ferrovial S.E., Martin Marietta Materials Inc., Granite Construction, Tarmac, The Miller Group, Heidelberg Materials, Crafco Inc., Midland Asphalt Materials Inc.
What Trends Are Expected to Dominate the Road Maintenance Market in the Next 5 Years?
Major Companies in the road maintenance market are developing innovative systematic inspection solutions to improve infrastructure quality and safety. For example, in May 2024, the National Highways Authority of India (NHAI) launched Highway Maintenance Units (HMUs) to conduct routine inspections and maintenance on national highways. These units aim to improve road safety and infrastructure quality by proactively addressing issues and ensuring timely maintenance.
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What Are the Emerging Geographies for The Road Maintenance Market Growth?
Asia-Pacific was the largest region in the road maintenance market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the road maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Road Maintenance Market?
2. What is the CAGR expected in the Road Maintenance Market?
3. What Are the Key Innovations Transforming the Road Maintenance Industry?
4. Which Region Is Leading the Road Maintenance Market?
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