Research Expert: Sarah Overall
  • Published: Aug 2024
  • Pages: 150
  • SKU: IRTNTR74698

  • Road Construction And Maintenance Market Size to grow by USD 214 billion between 2024-2028

    Technavio, a leading provider of market research reports, has released its latest study on Road Construction And Maintenance Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

    Key Highlights:

    • Market Research Overview: The Road Construction and Maintenance market falls under the broader category of non-residential construction. This market encompasses businesses specializing in road infrastructure development and upkeep, contributing to engineering services and EPC contracts. Market expansion is propelled by the escalating demand for urban infrastructure improvements. Cities face mounting population pressures and the necessity for enhanced transportation networks and essential utilities, such as water and electricity. - The Road Construction And Maintenance Market is experiencing significant growth, fueled by the Investments in road and highway infrastructure projects. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

    • Major Findings:
      • Investments in road and highway infrastructure projects
      • Growth in number of automobiles on roads
      • Rise in cost of construction
      • Lack of workforce in construction industry
    • Growth Projections

    The market size is estimated to grow by USD 214 billion, at a CAGR of 4.36% during the forecast period. In the road construction and maintenance market, technological innovations are driving significant changes. The adoption of new materials, such as durable and high-performance concrete, mineral admixtures, condensed silica fume, and high-volume fly ash concrete, is increasing productivity. Simultaneously, the shift towards prefabricated modular building blocks and automated manufacturing methods necessitates more efficient supply chain management. However, this transition brings increased product liability risks for road construction companies.

    For insights on company offerings- Request a sample report!

    • Regional Insights

    In the dynamic business landscape of infrastructure development, the Road Construction and Maintenance Market holds significant potential. This sector encompasses the production of raw materials, manufacturing of construction equipment, and provision of related services for the upkeep and enhancement of road networks. Market growth is driven by increasing urbanization, infrastructure development initiatives, and the need for efficient transportation systems. Companies in this market leverage advanced technologies and innovative practices to deliver high-quality, cost-effective solutions, ensuring the smooth flow of commerce and mobility.

    About Technavio                                                                        

    Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

    Read News Read Less
    Interested in this report?
    Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.

Document