Global Roads & Highways Construction Market Overview:
The highways and roads market required huge construction and maintenance of transportation infrastructure including highways, railroads, and others. They required heavy construction-related infrastructure, that also relies upon contracting services including engineering, equipment, machinery, and others. With the increase in investment from the government road-related projects, are driving this market in rapid manner. Some of the key players profiled in the study are Larsen and Toubro (India), Punj Lloyd Infrastructure Limited (India), Jaiprakash Associates Limited (India), Reliance Group (Reliance Infrastructure Limited) (India), ACS Actividades de Construcción y Servicios S.A.(Spain), Hochtief Aktiengesellschaft (Germany), China Communications Construction Group Ltd. (China), VINCI (France), Strabag (Austria) and TechnipFMC (United Kingdom).
On the basis of geography, the market of Roads & Highways Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Software will boost the Roads & Highways Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Steel will boost the Roads & Highways Construction market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Rise in Production of Commercial Vehicles
- Increase in Urbanization
- Increase in Demand for Smart Highways
- Technology Advancement in Engineering & Designing
- Lack of Policy Support for Road Infrastructure in Under Developing Regions
- Increase in investment from government in terms of enhancing roads & construction, with the development of industrialization. Countries like India, the government is spending around USD 741.51 billion in FY 2022 for national highways. This shows huge opportunities for players in industry in the coming years.
- The Slowdown in Economy Because Of Coronavirus Pandemic
The market is seeing strong rivalry among market players, by seeing huge growth in this market the key leading players are extremely focusing on the production technologies, efficiency enhancement, and product portfolio. There is various growth opportunity in this market which is captured by market-leading players via tracking the ongoing process enhancement and huge invest in business growth strategies.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Roads & Highways Construction Companies, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Roads & Highways Construction market on the basis of product [Roads, Bridges, Highway and Others] , application [Urban Areas and Rural Areas], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Roads & Highways Construction market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Roads & Highways Construction industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Bouygues (France), Skanska AB (Sweden) and Power Construction Corp. of China (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Roads & Highways Construction market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.