Highways Market Report 2026

Highways Market Overview

• Highways market size has reached to $430.53 billion in 2025 • Expected to grow to $555.88 billion in 2030 at a compound annual growth rate (CAGR) of 5.3% • Growth Driver: Increasing Urbanization Is Anticipated To Fuel The Highways Market • Market Trend: T GIS-Based Highway Monitoring Software Enhances Traffic Management And Reduces Congestion ment • North America was the largest region in 2025.

What Is Covered Under 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. 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 components include hardware, software, and service with product technology of smart traffic management systems, smart transport management systems, monitoring systems, and communication system.

What Is The Highways Market Growth Forecast?

The highways market size is expected to see strong growth in the next few years. It will grow to $555.88 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing investment in smart mobility infrastructure, growing demand for predictive maintenance solutions, rising focus on climate-resilient road designs, adoption of AI-enabled monitoring systems, expansion of large-scale highway modernization initiatives. Major trends in the forecast period include rising demand for highway expansion projects, increased focus on long-term asset maintenance, growing adoption of advanced construction materials, expansion of emergency repair capabilities, greater use of specialized highway maintenance equipment.

Global Highways Market Segmentation

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 Subsegments: 1) By Road Construction And Maintenance: New Road Construction, Road Rehabilitation And Resurfacing, Routine Maintenance, Emergency Repairs, Road Expansion Projects 2) By Highway Construction And Maintenance: New Highway Construction, Highway Widening Projects, Bridge Construction And Maintenance, Interchange Development, Highway Rehabilitation And Repair

What Is The Driver Of 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 industry.

Key Players In The Global Highways Market

Major companies operating in the highways market are Granite Construction Inc., Fujian Expressway Development Co. Ltd., Hunan Communication & Water Conservancy Group Ltd., 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., 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, Hathaway Dinwiddie Construction Company, Sundt Construction Inc., Ryan Companies US Inc., The Boldt Company, Gray Construction Services Inc.

Global Highways Market Trends and Insights

Major companies operating in the highways market are focusing on developing innovative solutions, such as GIS-based highway monitoring software to integrate advanced technologies for real-time traffic management, improved safety, and reduced environmental impact. GIS-based highways monitoring software refers to specialized software that uses Geographic Information Systems (GIS) to collect, analyze, and visualize data related to highway infrastructure and operations. For instance, in September 2024, the National Highways Authority of India (NHAI), an India-based authority, introduced GIS-based software to monitor 100 toll plazas on national highways, aiming to enhance traffic flow and reduce congestion. This innovative system enables real-time tracking of queue lengths, waiting times, and vehicle speeds while also providing congestion alerts and recommendations for lane management. The software offers comprehensive data sharing, including traffic conditions, weather updates, and local events, facilitating proactive traffic management. Initially focused on 100 toll plazas identified through user feedback, the initiative is set to expand further.

What Are Latest Mergers And Acquisitions In The Highways Market?

In June 2024, VINCI Construction, a France-based construction engineering company, acquired Newport Construction for an undisclosed amount. Through this acquisition, VINCI aims to expand its public works and road construction capabilities in North America, particularly in the northeastern U.S. and Quebec, enhancing its presence in the growing mobility infrastructure market. Newport Construction is a US-based operator of a heavy highway civil construction company focused on serving federal, state, and local public clients.

Regional Insights

North America was the largest region in the highways market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Highways Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in theHighways Market Report 2026?

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