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Road Maintenance Market Share

Report ID: GMI6474
Published Date: Aug 2023
Report Format: PDF

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Road maintenance Market Share

Major players operating in the Market are:

Balfour Beatty
Bechtel Corporation
Colas Group
Downer Group
Fluor Corporation
Group ACS
Hochtief
Kiewit Corporation
Vinci SA.
In March 2023, Vinci Highways acquired a 50% stake in Roadserve, a leading road maintenance company in the UK. This acquisition will give Vinci Highways a significant presence in the UK market.

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

The market size of road maintenance was reached USD 14.1 billion in 2022 and will witness over 5% CAGR from 2023 to 2032, due to the rising government investments in infrastructure development projects.

The highway road type segment held 40% of the road maintenance market share in 2022 and may grow significantly through 2032, driven by the critical need for safety, efficiency, and sustainability.

Asia Pacific road maintenance market size exceeded USD 5.2 billion in 2022 and will observe commendable growth from 2023 to 2032, due to rapid urbanization, population expansion, and increasing economic activities.

Balfour Beatty, Bechtel Corporation, Colas Group, Downer Group, Fluor Corporation, Group ACS, Hochtief, Kiewit Corporation, and Vinci SA are some of the key road maintenance firms.