Highways Global Market Report 2024

Highways Global Market Report 2024 – By Type (Road Construction And Maintenance, Highway Construction And Maintenance), By Component (Hardware, Software, Service), By Product Technology (Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System) – Market Size, Trends, And Global Forecast 2024-2033

Name: Highways Global Market Report 2024
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Highways Global Market Report 2024

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Highways Market Definition

A highway refers to a main road that connects towns or cities. Because they are wide and have high-speed limits, they decrease travel time.

The main highway types are road construction and maintenance, and highway construction and maintenance. Road construction and maintenance refers to the activities undertaken to build roads, railroads, bridges, culverts, and other works incidental to road construction and maintenance activities that involve grading or excavation. The various component includes hardware, software, and service with product technology of smart traffic management systems, smart transport management systems, monitoring systems, and communication system.

Highways Market Segmentation

The highways market covered in this report is segmented –

1) By Type: Road Construction And Maintenance, Highway Construction And Maintenance

2) By Component: Hardware, Software, Service

3) By Product Technolgy: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System

Global Highways Market Size 2023 to 2028: Graph

Highways Market Size 2024 And Growth Rate

The highways market size has grown steadily in recent years. It will grow from $428.56 billion in 2023 to $449.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to population growth and urbanization, economic development, industrialization and trade, government infrastructure investments, changing mobility patterns.

Highways Market Growth Forecast

The highways market size is expected to see strong growth in the next few years. It will grow to $551.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to urban mobility solutions, smart city initiatives, resilience planning, public-private partnerships, sustainable transportation. Major trends in the forecast period include high-speed rail connectivity, intelligent transportation systems (its), innovative toll collection methods, bicycle and pedestrian infrastructure, climate-resilient highway design.

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Highways Market Driver: Surging Vehicle Numbers And Electric Car Sales Propel Growth In The Highway Market

The rise in the number of vehicles is expected to propel the growth of the highway market going forward. A vehicle is a means used to carry or transport a person or something from one place to another. Vehicles require highways in good condition as they connect large metropolises and rural communities across the country, which helps in the quick transportation of people and products. Therefore, the rise in the number of vehicles is driving the growth of the highway market. For instance, in February 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization that provides analysis and data on the entire global energy sector, the sales of electric cars worldwide increased by around 60% in 2022, surpassing 10 million, up from sales of 6.6 million in 2021. Therefore, the rise in the number of vehicles is driving the highway market.

Highways Market Driver: Increasing Urbanization Is Anticipated To Fuel The Highways Market

The increasing urbanization is expected to propel the growth of the highway market going forward. Urbanization refers to the process by which rural areas become urbanized as a result of economic development and industrialization. The development of highways provides vital transportation that connects urban centers, fosters economic growth, and enhances accessibility. For instance, in April 2023, according to the World Bank Group, a US-based bank, reported that currently, more than half of the global population resides in urban regions. By 2045, this urban population is projected to surge to 6 billion, marking 1.5 times increase. Therefore, the increasing urbanization is driving the highways market.

Global Highways Market Major Players

Major companies operating in the highways market report are Granite Construction Inc., Fujian Expressway Development Co. Ltd., Hunan Communication & Water Conservancy Group Ltd., Sichuan Railway Investment Guangrun Logistics Co. Ltd., IBI Group, Construction Partners Inc., Tutor Perini Corporation, Stanley Road Construction, Muscat Road Construction & Civil Works LLC, PNC Infratech Limited, New Road Construction Management, Kokosing Construction Company, Sanders Brothers Construction Company Inc., Rogers Group Inc., R.S. Audley Inc., Kiewit Corporation, The Lane Construction Corporation, Skanska USA, Fluor Corporation, AECOM Inc., Jacobs Engineering Group Inc., Turner Construction Company, Clark Construction Group LLC, PCL Construction Enterprises Inc., McCarthy Building Companies Inc., The Whiting-Turner Contracting Company, Swinerton Inc., Mortenson Constructions, DPR Construction, Gilbane Building Company, JE Dunn Construction, Webcor Builders, Hathaway Dinwiddie Construction Company, Sundt Construction Inc., Ryan Companies US Inc., The Boldt Company, Gray Construction Services Inc., .

Global Highways Market Trend: Technological Advancements For Enhanced Traffic Management

Technological advancements are a key trend gaining popularity in the highway market. Companies operating in the highway market are adopting new technologies to sustain their position in the market. For instance, in November 2021, the Vienna government of Austria and Kapsch TrafficCom, an Austria-based provider of transportation solutions for sustainable mobility, launched Traffic Management 2.0. for smart transportation management and traffic management. It is uniquely designed to improve the traffic conditions that help in the CO2 (carbon dioxide) balance saving up to 15% of emissions thereby improving air quality.

Global Highways Market Trend: Revolutionizing System To Meet New Regulation (GSR) Standards

Major companies operating in the highways market are focused on developing revolutionary systems that utilize technology, such as traffic sign relevancy technology to meet new regulation (GSR) standards. Traffic sign relevancy technology refers to a feature that enables the system to identify whether a specific speed sign is relevant to a particular lane or road segment. For instance, in July 2023, Mobileye, an Israel-based system software company launched the world's first vision-only Intelligent Speed Assist (ISA) system, meeting EU standards without relying on third-party maps and GPS. The system, designed for Mobileye's EyeQ platform, detects traffic signs and visual signals using only cameras, providing a cost-effective and reliable solution.

Highways Market Merger And Acquisition: Clyde Companies Strengthens Presence In Denver Market Through Acquisition Of Interstate Highway Construction (IHC)

In January 2021, Clyde Companies, Inc., a US-based construction organization, acquired Interstate Highway Construction (IHC) for an undisclosed amount. Through this acquisition, Clyde combined IHC with its previously acquired construction company Scott Contracting, and formed IHC Scott, Inc., which serves the Denver (Colorado, the USA) market with high-quality construction products and services, strengthening Clyde’s strategic growth. Interstate Highway Construction (IHC) is a US-based airport, heavy civil, and highway construction company.

Regional Analysis For The Global Highways Market

North America was the largest region in the highways market in 2023. The regions covered in the highways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the highways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The highways market includes revenues earned by entities by constructing and maintaining highways. The market value includes the value of related goods sold by the service provider or included within the service offering. The highways market also includes sales of pothole patchers, hydro excavators, street sweepers, leaf vacuums, and highway monitoring devices and equipment used in providing highway construction services and maintenance. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The highways market research report is one of a series of new reports from The Business Research Company that provides highways market statistics, including highways industry global market size, regional shares, competitors with a highways market share, detailed highways market segments, market trends, and opportunities, and any further data you may need to thrive in the highways industry. This highways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Highways Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$449.59 billion
Revenue Forecast In 2033	$551.14 billion
Growth Rate	CAGR of 5.2% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Road Construction And Maintenance, Highway Construction And Maintenance 2) By Component: Hardware, Software, Service 3) By Product Technology: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Granite Construction Inc.; Fujian Expressway Development Co. Ltd.; Hunan Communication & Water Conservancy Group Ltd.; Sichuan Railway Investment Guangrun Logistics Co. Ltd.; IBI Group; Construction Partners Inc.; Tutor Perini Corporation; Stanley Road Construction; Muscat Road Construction & Civil Works LLC; PNC Infratech Limited; New Road Construction Management; Kokosing Construction Company; Sanders Brothers Construction Company Inc.; Rogers Group Inc.; R.S. Audley Inc.; Kiewit Corporation; The Lane Construction Corporation; Skanska USA; Fluor Corporation; AECOM Inc.; Jacobs Engineering Group Inc.; Turner Construction Company; Clark Construction Group LLC; PCL Construction Enterprises Inc.; McCarthy Building Companies Inc.; The Whiting-Turner Contracting Company; Swinerton Inc.; Mortenson Constructions; DPR Construction; Gilbane Building Company; JE Dunn Construction; Webcor Builders; Hathaway Dinwiddie Construction Company; Sundt Construction Inc.; Ryan Companies US Inc.; The Boldt Company; Gray Construction Services Inc.;
Customization Scope	Request for Sample
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1. Executive Summary

2. Highways Market Characteristics

3. Highways Market Trends And Strategies

4. Highways Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Highways Market Size and Growth

5.1. Global Highways Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Highways Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Highways Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Highways Market Segmentation

6.1. Global Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Road Construction And Maintenance

Highway Construction And Maintenance

6.2. Global Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hardware

Software

Service

6.3. Global Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Smart Traffic Management Systems

Smart Transport Management Systems

Monitoring Systems

Communication System

7. Highways Market Regional And Country Analysis

7.1. Global Highways Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Highways Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Highways Market

8.1. Asia-Pacific Highways Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Highways Market

9.1. China Highways Market Overview

9.2. China Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Highways Market

10.1. India Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Highways Market

11.1. Japan Highways Market Overview

11.2. Japan Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Highways Market

12.1. Australia Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Highways Market

13.1. Indonesia Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Highways Market

14.1. South Korea Highways Market Overview

14.2. South Korea Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Highways Market

15.1. Western Europe Highways Market Overview

15.2. Western Europe Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Highways Market

16.1. UK Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Highways Market

17.1. Germany Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Highways Market

18.5. France Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Highways Market

19.9. Italy Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Highways Market

20.13. Spain Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Highways Market

21.1. Eastern Europe Highways Market Overview

21.2. Eastern Europe Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Highways Market

22.1. Russia Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Highways Market

23.1. North America Highways Market Overview

23.2. North America Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Highways Market

24.1. USA Highways Market Overview

24.2. USA Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Highways Market

25.1. Canada Highways Market Overview

25.2. Canada Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Highways Market

26.1. South America Highways Market Overview

26.2. South America Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Highways Market

27.1. Brazil Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Highways Market

28.1. Middle East Highways Market Overview

28.2. Middle East Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Highways Market

29.1. Africa Highways Market Overview

29.2. Africa Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Highways Market Competitive Landscape And Company Profiles

30.1. Highways Market Competitive Landscape

30.2. Highways Market Company Profiles

30.2.1. Granite Construction Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Fujian Expressway Development Co. Ltd.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Hunan Communication & Water Conservancy Group Ltd.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Sichuan Railway Investment Guangrun Logistics Co. Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. IBI Group

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Highways Market Competitive Benchmarking

32. Global Highways Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Highways Market

34. Highways Market Future Outlook and Potential Analysis

34.1 Highways Market In 2028 - Countries Offering Most New Opportunities

34.2 Highways Market In 2028 - Segments Offering Most New Opportunities

34.3 Highways Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Highways Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Highways Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Granite Construction Inc. Financial Performance

Table 75: Fujian Expressway Development Co. Ltd. Financial Performance

Table 76: Hunan Communication & Water Conservancy Group Ltd. Financial Performance

Table 77: Sichuan Railway Investment Guangrun Logistics Co. Ltd. Financial Performance

Table 78: IBI Group Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Highways Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Highways Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Highways Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Highways Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Highways Market, Segmentation By Product Technolgy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Granite Construction Inc. Financial Performance

Figure 75: Fujian Expressway Development Co. Ltd. Financial Performance

Figure 76: Hunan Communication & Water Conservancy Group Ltd. Financial Performance

Figure 77: Sichuan Railway Investment Guangrun Logistics Co. Ltd. Financial Performance

Figure 78: IBI Group Financial Performance

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Frequently Asked Questions

What is the definition of the highways market?

A highway refers to a main road that connects towns or cities. Because they are wide and have high-speed limits, they decrease travel time. For further insights on the highways market, request a sample here

How will the highways market drivers and restraints affect the highways market dynamics? What forces will shape the highways industry going forward?

The highways market major growth driver - surging vehicle numbers and electric car sales propel growth in the highway market. For further insights on the highways market, request a sample here

What is the forecast market size or the forecast market value of the highways market ?

The highways market size has grown steadily in recent years. It will grow from $428.56 billion in 2023 to $449.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to population growth and urbanization, economic development, industrialization and trade, government infrastructure investments, changing mobility patterns.. The highways market size is expected to see strong growth in the next few years. It will grow to $551.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to urban mobility solutions, smart city initiatives, resilience planning, public-private partnerships, sustainable transportation.. Major trends in the forecast period include high-speed rail connectivity, intelligent transportation systems (its), innovative toll collection methods, bicycle and pedestrian infrastructure, climate-resilient highway design.. For further insights on the highways market, request a sample here

How is the highways market segmented?

The highways market is segmented
1) By Type: Road Construction And Maintenance, Highway Construction And Maintenance
2) By Component: Hardware, Software, Service
3) By Product Technolgy: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication SystemFor further insights on the highways market, request a sample here

Which region has the largest share of the highways market? What are the other regions covered in the report?

North America was the largest region in the highways market in 2023. The regions covered in the highways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the highways market, request a sample here.

Who are the major players in the highways market?

What are the key trends in the highways market?

Major trend in the highways market - technological advancements for enhanced traffic management. For further insights on the highways market, request a sample here.

What are the major opportunities in the highways market? What are the strategies for the highways market?

For detailed insights on the major opportunities and strategies in the highways market, request a sample here.

How does the highways market relate to the overall economy and other similar markets?

For detailed insights on highways market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the highways industry?

For detailed insights on the mergers and acquisitions in the highways industry, request a sample here.

What are the key dynamics influencing the highways market growth? SWOT analysis of the highways market.

For detailed insights on the key dynamics influencing the highways market growth and SWOT analysis of the highways industry, request a sample here.