Highway and road construction market is anticipated to grow at a CAGR of 7.9% during the forecast period (2023-2030). Improving transportation efficiency and safety is a key driving factor for highway and road construction. Government and transportation authority’s invest in constructing new highways and roads equipped with modern technologies to enhance traffic flow congestion and increase safety for commuters. For instance, in April 2020, Bharat Petroleum Corp. Ltd. and Noida Authority launched the pilot project for the first road construction in India using the plastic waste module. A 500-meter-long road parallel to Noida-Greater Expressway was constructed in Sector 129, using 35 metric tons of plastic waste. Various other countries are also adopting advanced technologies for highway and road construction. For Instance, in January 2022, Blue Climate Deutschland GmbH, a German-based infrastructure development Company assisted it in addressing some of these crucial road situations with a specific focus on rural counties. Blue Climate Deutschland is credited for using its new technology, UNDERBOLD-POD30 which is the mixture of the existing soil, cement, and a manufactured organic liquid with the machine used to compress the mixture.

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Among the construction type, the highway sub-segment is expected to hold a considerable share of the global highway and road construction market. As the population continues to grow and urbanization increases, the demand for efficient transportation system, including highway remain high. Several other factors increasing the market growth includes upgraded infrastructure, government initiatives, connectivity, and regional integration via the development of highways. For instance, in July 2021, A non-binding memorandum of understanding (MOU) was signed by United E&P Pte Ltd (UE&P) and Shell Singapore to establish a strategic partnership to advance their shared goals of decarbonization and environmentally friendly highway in Singapore. The partnership between Shell and Singapore, which will concentrate on the decarbonization of the road-building industry, is the first of its type.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Highway and Road Construction Market Report Segment

By Type

Highway
Street
Bridge
Others (Tunnels)

By Construction Type

New Construction
Reconstruction
Pavement construction
Others (Repair/ Renovations)

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global highway and road construction market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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