Roads And Highways Market Report 2026

Roads And Highways Market Overview

• Roads And Highways market size has reached to $702.1 billion in 2025 • Expected to grow to $886.97 billion in 2030 at a compound annual growth rate (CAGR) of 4.9% • Growth Driver: Surging Vehicle Production Fuels Expansion Of Roads And Highways Market • Market Trend: Innovative Road Paving Solutions Versatile Universal-Class Paver For Diverse Applications • North America was the largest region and fastest growing region.

What Is Covered Under Roads And Highways Market?

A road refers to a long, narrow section of land having a leveled or paved surface designed for vehicular and pedestrian traffic while a busy route with multiple lanes is called a highway. Roads and highways have been the main means by which entire economies and communities have arisen and grown over time. It involves the design and construction of roads and highways. The main types of roads and highways products are road construction and maintenance and highway construction and maintenance. Road construction and maintenance refers to preservation, including repairs and resurfacing of a highway, and new road construction. Various technologies are involved such as intelligent transport management system, intelligent traffic management system, communication system, Monitoring System, and others, which are used in making first-class roads, substandard roads, highways, second-class roads, and third-class roads.

What Is The Roads And Highways Market Growth Forecast?

The roads and highways market size is expected to see steady growth in the next few years. It will grow to $886.97 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing adoption of smart transportation systems, shift toward sustainable and recycled road materials, rising investment in automated construction technologies, growth in large-scale public infrastructure programs, expanding deployment of intelligent traffic management systems. Major trends in the forecast period include increasing adoption of smart roadway technologies, growth in sustainable and recycled road construction materials, expansion of long-term highway rehabilitation projects, rising demand for advanced traffic management solutions, increasing integration of prefabricated and modular road components.

Global Roads And Highways Market Segmentation

1) By Product Types: Road construction and maintenance, Highway construction and maintenance 2) By Technology: Intelligent transport management system, Intelligent traffic management system, Communication system, Monitoring System, Other Technologies 3) By End Use: First-class roads, Substandard roads, Highways, Second-class roads, Third-class roads Subsegments: 1) By Road Construction And Maintenance: Asphalt Paving, Concrete Paving, Road Marking And Signage, Surface treatment, Drainage And Erosion Control 2) By Highway Construction And Maintenance: Highway Paving, Bridge Construction And Maintenance, Guardrail Installation, Traffic Management Systems, Highway Signage And Lighting

What Is The Driver Of The Roads And Highways Market?

The increasing production of vehicles is expected to propel the growth of the roads and highways market going forward. The term vehicle production refers to the mass manufacturing of identical models that are offered for sale to the public. Most of the drivers prefer traveling on highways, as they are long, straight roadways that connect places, making it simpler to travel on them. Moreover, highway travel allows for fuel savings because it shortens the distance between cities. For instance, in September 2024, according to the European Automobile Manufacturers' Association, a Belgium-based European Commission, in 2023, car production in the European Union reached 12.2 million units, marking an 11.6% rise from 2022. Therefore, the increasing production of vehicles is driving the growth of the roads and highways industry.

Key Players In The Global Roads And Highways Market

Major companies operating in the roads and highways market are China Communications Construction Company Ltd., Vinci SA, Bouygues SA, ACS Group, CRH plc, Larsen & Toubro Ltd., STRABAG SE, Tata Projects, Bechtel Corporation, Jacobs Engineering Group Inc., Colas SA, Skanska AB, Fluor Corporation, Kiewit Corporation, AECOM, Acciona S.A., Balfour Beatty plc, Ferrovial S.A., Royal BAM Group, Porr AG, Granite Construction Inc., Lane Construction Corporation, Dilip Buildcon Limited, Walsh Construction LLC, Heidelberg Cement AG, IRB Infrastructure Developers Limited, Eurovia UK Limited, Hunan Road and Bridge Construction Group Co Ltd., Afcons Infrastructure Limited, Sichuan Railway Investment Group Co Ltd.

Global Roads And Highways Market Trends and Insights

Major companies operating in the roads and highways market are focusing on innovative products such as universal-class pavers to better meet the needs of their existing consumers. A Universal Class Paver is a type of road paver that is noted for its versatility and wide variety of uses. These pavers are built to handle a variety of road-building and paving activities, making them suited for a wide range of applications. For instance, in May 2023, VOGELE, a Germany-based manufacturing company of road paving equipment, launched the SUPER 1880 L. The SUPER 1880 L from Vogele is a low-cost, extremely robust tracked paver designed for paving water-bound substances and asphalt mixtures. Additionally, with a maximum pave width of 9.5 m, the SUPER 1880 L is an excellent choice for highway and rural road projects. The paver is available at emission levels 3 and below. The Vögele SUPER 1880 L's sturdy structure is suited for paving cold, coarse substances and is also appropriate for paving hot asphalt layers. The versatile SUPER 1880 L stands out for its versatility, making it suitable for several paving applications, including highways, A roads, and B roads.

What Are Latest Mergers And Acquisitions In The Roads And Highways Market?

In June 2025, Cube Highways Trust, an India-based infrastructure investment trust (InvIT) in the roads and highways sector, acquired 2 highway assets in Jammu & Kashmir from the National Investment and Infrastructure Fund (NIIF) for $0.47 billion. With this acquisition, Cube Highways Trust aims to strengthen its portfolio of toll road assets in northern India, enhancing regional connectivity and supporting long-term cash flow stability through strategic expansion in high-traffic corridors. The National Investment and Infrastructure Fund (NIIF) is an India-based provider of road and highway infrastructure investment.

Regional Insights

North America was the largest region in the roads and highways market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global roads and highways market report during the forecast period. 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 Roads And Highways Market?

The roads and highways market includes of revenues earned by entities by constructing earthen roads, murram roads, bituminous roads, concrete roads, highway roads, gravel roads, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. The roads market also includes sales of motor grader, asphalt plant, asphalt paver, and road roller machine which are used in constructing roads. 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 theRoads And Highways Market Report 2026?

The roads and 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 roads and 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.