What is Roads & Highways Construction Market Scope?
The highways and roads market required huge construction and maintenance of transportation infrastructure including highways, railroads, and others. They required heavy construction-related infrastructure, that also relies upon contracting services including engineering, equipment, machinery, and others. With the increase in investment from the government road-related projects, are driving this market in rapid manner.
Influencing Trend:
Increase in Demand for Smart Highways and Technology Advancement in Engineering & Designing
Market Growth Drivers:
The Rise in Production of Commercial Vehicles and Increase in Urbanization
Challenges:
The Slowdown in Economy Because Of Coronavirus Pandemic
Restraints:
Lack of Policy Support for Road Infrastructure in Under Developing Regions
Opportunities:
Increase in investment from government in terms of enhancing roads & construction, with the development of industrialization. Countries like India, the government is spending around USD 741.51 billion in FY 2022 for national highways. This shows huge opportunities for players in industry in the coming years.
The Roads & Highways Construction market study is being classified by Type (Roads, Bridges, Highway and Others), by Application and major geographies with country level break-up.
The market is seeing strong rivalry among market players, by seeing huge growth in this market the key leading players are extremely focusing on the production technologies, efficiency enhancement, and product portfolio. There is various growth opportunity in this market which is captured by market-leading players via tracking the ongoing process enhancement and huge invest in business growth strategies. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Roads & Highways Construction market throughout the predicted period.
Larsen and Toubro (India), Punj Lloyd Infrastructure Limited (India), Jaiprakash Associates Limited (India), Reliance Group (Reliance Infrastructure Limited) (India), ACS Actividades de Construcción y Servicios S.A.(Spain), Hochtief Aktiengesellschaft (Germany), China Communications Construction Group Ltd. (China), VINCI (France), Strabag (Austria) and TechnipFMC (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Bouygues (France), Skanska AB (Sweden) and Power Construction Corp. of China (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Roads & Highways Construction market by Type, Application and Region.
On the basis of geography, the market of Roads & Highways Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Roads & Highways Construction Companies, Government Regulatory and Research Organizations and End-Use Industries
Roads & Highways Construction Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Roads & Highways Construction Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Roads & Highways Construction industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.