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Road & Highway Infrastructure Market Trends

Report ID: GMI7074
Published Date: Oct 2023
Report Format: PDF

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Road & Highway Infrastructure Market Trends

Collaborations aimed at constructing roadways in mountainous terrains are driving the market growth. Partnerships between governments, international organizations, and private entities facilitate the implementation of innovative engineering solutions tailored to challenging landscapes. The completion of five comprehensive guidelines marks a crucial milestone in ensuring the development of high-quality and sustainable road projects in hilly regions. These collaborations ensure the construction of safe &and efficient roads, fostering economic development and regional connectivity. The expertise shared in such ventures not only improves transportation networks but also stimulates investment, promoting the expansion of the overall market expansion.

Growing economies require robust transportation systems to support trade, commerce, and industrial activities. Investments in road & highway projects create jobs, enhance connectivity, and facilitate the movement of goods &and services. Improved infrastructure attracts further investments, stimulates economic growth, and fosters regional development. Consequently, the demand for advanced transportation networks continues to rise, driving the road & highway infrastructure development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of road & highway infrastructure was worth USD 1.4 Trillion in 2022 and is anticipated to register a CAGR of over 3% between 2023 and 2032.

The road segment held around 80% market share in 2022 and is poised for significant growth through 2032, backed by the rising investments in road development initiatives by governments and private entities for expanding the network, improving connectivity, and enhancing transportation efficiency.

Asia Pacific market was valued at USD 568.7 billion in 2022 and is poised for significant growth through 2032, owing to the substantial population growth, leading to an increased demand for efficient transportation networks, along with rapid urbanization and rising population densities.

ACS Group, Bechtel Corporation, Bouyges Construction, China Communications Construction Company, Skanska, STRABAG, and Vinci Group among others.