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Highway Maintenance Market Share

Report ID: GMI7535
Published Date: Nov 2023
Report Format: PDF

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Highway Maintenance Market Share

Major companies operating in the highway maintenance industry are:

AECOM
Amey plc
Balfour Beatty
Colas Group
Eurovia
Ferrovial Services
Fluor Corporation
Galfar Engineering & Contracting SAOG
Galliford Try
Graham Construction
Interserve Group Limited
Jacobs Engineering Group Inc.
Kier Group
Skanska AB
Tarmac

Colas Group and Balfour Beatty are the major companies operating in the highway maintenance market. Companies in this space are deploying strategic initiatives such as technological integration for efficient operations, forming collaborative partnerships, embracing sustainable practices, and prioritizing innovation. These approaches enhance their market presence, foster growth, and address evolving challenges in the dynamic infrastructure sector.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of highway maintenance reached USD 7.8 billion in 2022 and is set to grow at 4.2% CAGR between 2023 and 2032, backed by the need to ensure safety & functionality of aging road networks, along with the government initiatives & funding.

In 2022, the outsourced maintenance contracts segment held a market share of over 68% and are preferred for highway maintenance as outsourcing allows governments and authorities to tap into specialized expertise, ensuring that maintenance tasks are handled by professionals with the requisite skills and experience.

Asia Pacific market was valued at 35% in 2022 and is flourishing due to rapid urbanization and extensive infrastructure development.

AECOM, Amey plc, Balfour Beatty, Colas Group, Eurovia, Ferrovial Services, Fluor Corporation, Galfar Engineering & Contracting SAOG, Galliford Try, and Graham Construction.