Global Highway Maintenance Market Expansion at 5.9% CAGR, Valued at $10.3 Billion by 2029

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What Are the Highway Maintenance Market Size Forecast for 2025?
In recent times, a substantial growth has been observed in the highway maintenance market size. It is predicted that there will be a rise from $7.76 billion in 2024 to $8.19 billion in 2025, following a compound annual growth rate (CAGR) of 5.6%. This impressive growth during the historical period is due to factors such as deterioration of existing infrastructure, escalating vehicle traffic, legislative mandates and safety criteria, depreciation of roads, financial support from infrastructure investment plans, and breakthroughs in road construction and upkeep technology.

What Is the Market Size Outlook for Highway Maintenance Until 2029?
The market size for highway maintenance is anticipated to experience significant growth in the coming years, with an estimation to reach $10.3 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this projected growth within the forecast period include increased road accident fatalities, growth in road networks and urban areas, amplified attention towards sustainable and environmentally friendly materials, advancements in the field of predictive maintenance technologies, escalating demand for high-tech infrastructure, augmented governmental support, and collaborations between public and private entities. Emerging trends during the forecast period are expected to involve the utilization of Artificial Intelligence and machine learning for predictive maintenance, incorporation of smart sensors and Internet of Things for instantaneous monitoring, focus on sustainability and recycled materials usage, as well as automated and drone-powered inspection systems, and the creation of superior road surface materials.

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What Are the Strategic Drivers Boosting Highway Maintenance Market Performance?
The escalation in roadway incident fatalities is predicted to stimulate the advancement of the highway maintenance market. The increasing fatalities due to vehicular accidents frequently result from elements such as growing traffic concentration, distraction behind the wheel, fast driving, and insufficient roadway safety precautions. Highway preservation contributes to curbing the ascent in roadway crashes by ensuring enhanced road conditions, tackling potential hazards like potholes and fissures, and boosting the overall roadway safety structure. For example, in October 2022, as per the Govt. Wales, the governing division of the Welsh government operating within the United Kingdom, the police forces in Wales reported 4,447(r) roadway casualties in 2022, marking a 2% escalation from 2021. Thus, the augmenting roadway incident fatalities are propelling the expansion of the highway maintenance market.

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How Are End-Use Segments Shaping the Highway Maintenance Market Outlook?
The highway maintenance market 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

What Are the Strategic Trends Transforming the Highway Maintenance Market Landscape?
Key industry players in the highway maintenance market are shifting their focus towards artificial intelligence (AI) and machine learning for anticipatory repairs, such as AI for identifying anomalies in road surfaces, in order to boost prompt detection of problem areas like potholes and thus, increase road safety. The AI application for anomaly detection on road surfaces leverages AI algorithms to spot and scrutinize anomalies like potholes and cracks in road surfaces using images from cameras. For example, in September 2023, Toshiba Corporation, a multinational electronics company based in Japan, together with Toshiba Digital Solutions, a commercial services company also based in Japan, launched a pioneering AI technique specifically designed for detecting anomalies on expressway surfaces, particularly potholes. This AI is built on weakly supervised learning, considerably simplifying the training process and allowing high-precision real-time detection with fewer false positives. This technology provides real-time detection and accurate localization of anomalies, leading to timely maintenance and improved road safety. The effectiveness of these approaches has been confirmed via cooperative experiments with Nexco Central, which assures enhanced road safety and maintenance efficiency by systematizing and optimizing the detection of crucial road surface problems.

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Who Are the Prominent Companies in the Highway Maintenance Market by ?
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 Region Is Expected to See the Highest CAGR 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.

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