Press release
Comprehensive 2025 Highway Maintenance Market Overview: Trends, Forecasts, and Growth Drivers
Highway Maintenance Market
What Is the Expected CAGR for the Highway Maintenance Market Through 2025?
In recent times, there has been a robust growth in the size of the highway maintenance market. The market value, estimated to be $7.76 billion in 2024, is projected to expand to $8.24 billion in 2025, marking a compound annual growth rate (CAGR) of 6.2%. This growth trend in the past can be linked to factors such as deteriorating infrastructure, increasing vehicular traffic, government policy enforcement and safety standards, depreciation of roads, financial backing from infrastructure development initiatives and advancements in the technology related to roadway construction and its maintenance.
What's the Projected Size of the Global Highway Maintenance Market by 2029?
The market for highway maintenance is forecast to exhibit robust expansion in the upcoming years, with its value anticipated to reach $10.39 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.0%. Factors contributing to the forecast period's growth encompass a surging number of fatalities due to road incidents, widening road networks and urban growth, heightened attention to sustainable and environmentally friendly materials, innovation in predictive maintenance technologies, a rising call for intelligent infrastructure, amplified government sponsorship, and joint ventures between public and private sectors. Over the forecast period, significant trends include the implementation of artificial intelligence (AI) and machine learning for predictive maintenance, the incorporation of intelligent sensors and the Internet of Things for real-time tracking, a focus on sustainability and recycled materials use, automated and drone-enabled inspection approaches, and the creation of improved road surface materials.
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Top Growth Drivers in the Highway Maintenance Industry: What's Accelerating the Market?
The escalating figures of road accident victims are predicted to boost the expansion of the highway maintenance market. The increment in road accident victims can be credited to numerous elements such as the amplification of traffic volume, driver distractions, excessive speed, and insufficient road safety precautions. Highway upkeep contributes to the decrease in road accident victims by assuring superior roadway conditions, handling danger zones like potholes and cracks, and enhancing the total road safety system. For instance, as reported by the Govt. Wales, the executive division of the Welsh ruling body within the United Kingdom, the police forces in Wales registered 4,447(r) road casualties in 2022, marking a 2% rise compared to 2021. Thus, the augmenting figures of road accident victims are propelling the upward trend of the highway maintenance market.
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What Trends Will Shape the Highway Maintenance Market Through 2029 and Beyond?
Leading enterprises in the highway maintenance market are turning their attention to artificial intelligence (AI) and machine learning for predictive maintenance. This includes the implementation of AI for road surface irregularity detection that improves immediate recognition of potholes and boosts overall road safety. The process involves using AI algorithms to spot and scrutinize anomalies on road surfaces like potholes and cracks captured in camera images. Toshiba Corporation and Toshiba Digital Solutions, both Japan-based companies, launched a pioneering AI technology for road surface irregularity detection in September 2023. This specific technology focuses on highway potholes. The AI employs weakly supervised learning that greatly simplifies the training procedure, thereby facilitating real-time detection with better accuracy and minimizing false positives. This state-of-the-art technology enables instant detection and pinpoint localization of irregularities, which subsequently aids in prompt maintenance and enhances road safety. This has been confirmed through collaborative experiments with Nexco Central, which aims to improve road safety and maintenance efficiency by automating the detection and enhancement of key road surface issues.
What Are the Main Segments in the Highway Maintenance Market?
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 Top Companies are Driving Growth in the Highway Maintenance Market?
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
Which Regions Will Dominate the Highway Maintenance Market Through 2029?
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.
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