Global Roads Market Segments 2024, Forecast To 2033
5 Mar, 2024
The roads market has demonstrated steady growth, escalating from $277.51 billion in 2023 to $287.46 billion in 2024, with a 3.6% CAGR. Growth drivers include population growth and government infrastructure investments. The forecast anticipates continued growth, reaching $336.02 billion in 2028, with a 4.0% CAGR. Trends involve renewable energy integration and smart city initiatives.
Global Roads Market Key Driver
The roads market is witnessing growth driven by the rising number of vehicles, as seen in the increase in global car sales to 63.2 million in 2021. The sales of passenger cars in the USA increased by 5.5%, highlighting the strong demand for roads to support transportation infrastructure.
Get A Free Sample Of The Global Roads Market ReportGlobal Roads Market Segments
The roads market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Type: Highway, Street, Bridge
3) By Construction Type: New Construction, Reconstruction, Repair
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the roads market in 2023. The regions covered in the roads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Roads Industry Players
Afcons Infrastructure Limited; Dilip Buildcon Limited; Tata Projects Limited; China Communications Construction Company Ltd.; Granite Construction Inc.; Hunan Road and Bridge Construction Group Co. Ltd.; Kiewit Corporation; Lane Construction Corporation; Sichuan Railway Investment Group Co. Ltd.; Larsen & Toubro Limited; IRB Infrastructure Developers Limited; H.G. Infra Engineering Limited; NCC Infrastructure Holdings Limited; Stanley Road Construction; Muscat Road Construction & Civil Works LLC; PNC Infratech Limited; New Road Construction Management Co. Inc.; Caterpillar Inc.; Komatsu Ltd.; Volvo Construction Equipment; Wirtgen GmbH; Dynapac Road Construction Equipment India Pvt. Ltd.; The Lane Construction Corporation; IRB Infrastructure Developers Ltd.; JMC Projects Ltd.; Gayatri Projects Limited; Hindustan Construction Company Limited; Nagarjuna Construction Company Limited; Bhartia Infra Projects Ltd.; Sany Heavy Industry Co. Ltd.; Palfinger AG; Terex Corporation; Liebherr-International AG; Deere & Company; Zoomlion Heavy Industry Science and Technology Co. Ltd.; Fayat Group; Wacker Construction Equipment AG; Ammann Group Holding AG; CNH Industrial; Hitachi Sumitomo Heavy Industries Construction Cranes Co. Ltd.
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AIOps Roads Market Overview
Roads refer to a long, narrow section of paved or smoothed ground designed for use by motor vehicles. Roads are used to connect various cities, towns, and even villages, and they provide a vital mechanism for getting cars and people from one place to another. It involves the design and construction of roads.
Roads Global Market Report 2023 provides data on the global roads market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The roads market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.