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.
View the full report here:
https://www.thebusinessresearchcompany.com/report/highway-maintenance-global-market-report
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.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19089&type=smp
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19089&type=smp
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19089
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Comprehensive 2025 Highway Maintenance Market Overview: Trends, Forecasts, and Growth Drivers here
News-ID: 4144737 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Main
Main Application Areas of Nonwoven Laminates
Nonwoven Laminates [https://www.hzecon.com/nonwoven-laminates/] are widely used across various industries due to their functional properties such as breathability, liquid resistance, durability, and customizability. The key sectors include:
Medical Market
Nonwoven laminates are critical in medical applications for creating sterile, disposable, and protective products. They offer:
Breathability: Allows moisture vapor to escape while blocking liquids.
Softness & Strength: Comfortable yet durable for medical use.
Antimicrobial Options: Can be treated for added protection.
Usage in Medical products
Surgical gowns, masks,…
TPU (Thermoplastic Polyurethane) Main Industry Applications
TPU (Thermoplastic Polyurethane [https://www.ytlinghua.com/t3-series-tpu/]) is a versatile material with excellent elasticity, wear resistance, and chemical resistance. Here are its main applications :
1. Footwear Industry - Used in shoe soles, heels, and upper parts for high elasticity and durability. - Commonly seen in sports shoes, outdoor footwear, and casual shoes to enhance shock absorption and grip.
2. Automotive Sector [https://www.ytlinghua.com/polyester-type-tpu-h3-series-product/] - Manufactures seals, gaskets, and weather strips for their flexibility and resistance…
Functionality the Main Deterrent with AccountEdge
Brandon, MB--July 28, 2022: With AccountEdge Pro, business owners can organize, process, and report on their financial information so they can focus on their business. Its feature set is built to allow users to handle every aspect of their business including accounting, integrated payroll, sales and purchases, contact management, inventory tracking, online orders, time billing, and more.
AccountEdge is designed to work with all types of small and medium-sized businesses.…
Who Are Berkshire Hathaway's Main Competitors?
Led by renowned investor Warren Buffett, Berkshire Hathaway is involved with multiple sectors of industry, facing different competitors in each one. In the diversified holding sector, Berkshire competes against challengers such as Leucadia National Corporation. Because many of its assets are insurance subsidiaries, Berkshire Hathaway is also a rival of large insurance firms such as The Allstate Corporation. Berkshire is sometimes seen, too, as a management investment company, competing with…
Space.Cloud.Unit: Main sale postponed
The main sale of the Space.Cloud.Unit (SCU), the world's first cloud construction kit based on blockchain technology, has been postponed indefinitely. CEO Christian Sprajc cited the currently changed mood with regard to ICOs and the sluggish, but necessary examination by official bodies as reasons for the changed schedule at the PowerFolder subsidiary SCU.
Düsseldorf, 18.01.2019 - After the highly satisfactory pre-sale of the Space.Cloud.Unit, which took place between October…
How many JEE Main mock test to take before the JEE Main exam?
JEE Main Mock Test – How many JEE Main mock tests to take before the JEE Main exam is one of the most frequently asked questions which nobody has a concrete answer to. In general, the amount of practice needed by any student depends on a number of factors like IQ of the student, willingness to work hard, the current level of understanding of concepts and much more.
There is one…
