What are the recent trends in market size and growth for the road maintenance market?
The road maintenance market size has grown strongly in recent years. It will grow from $14.49 billion in 2024 to $15.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing vehicular traffic, government infrastructure development programs, aging road infrastructure, rising urbanization, and increasing public safety concerns.
The road maintenance market size is expected to see strong growth in the next few years. It will grow to $19.38 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to smart city initiatives, rising electric vehicle adoption, employing environmental regulations, population growth in urban areas, and increasing toll road development. Major trends in the forecast period include the use of AI in predictive maintenance, integration of IoT in road monitoring, development of green infrastructure, robotics for automated road repairs, and implementation of 3D road printing.
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How have varous drivers impacted the growth of the road maintenance market?
The rising number of road accidents is expected to propel the growth of the road maintenance market going forward. The rising number of road accidents is a complex issue influenced by various factors such as increased vehicle traffic, distracted driving, speeding, poor road conditions, and aggressive driving. Road maintenance is essential in mitigating road accidents by maintaining and repairing road surfaces, upgrading safety features, enhancing signage and road markings, and addressing issues such as potholes and wear and tear, all of which contribute to safer driving conditions and help prevent accidents caused by deteriorating infrastructure. For instance, in May 2023, according to a report published by the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based government agency, there were 1,194 road crash deaths in 2022, marking a 5.8% increase from 2021. Therefore, the rising number of road accidents is driving the growth of the road maintenance market.
What are the primary segments of the road maintenance market?
The road maintenancemarket covered in this report is segmented –
1) By Product: Pavement Management, Maintenance To Road Fixtures, Litter Control, Vegetation Management
2) By Pavement: Asphalt, Concrete
3) By Roadways: Highways, Lower Traffic Volume Roadways, Local streets
4) By Managing Agencies: Federal, State, Municipal
Subsegments:
1) By Pavement Management: Pavement Assessment, Pavement Repair, Pavement Rehabilitation, Pavement Preservation
2) By Maintenance To Road Fixtures: Traffic Signal Maintenance, Road Sign Maintenance, Guardrail Maintenance, Lighting Maintenance
3) By Litter Control: Manual Litter Pickup, Mechanical Litter Collection, Public Awareness Campaigns, Litter Management Programs
4) By Vegetation Management: Mowing and Trimming, Herbicide Application, Tree Trimming And Removal, Erosion Control Measures
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Which firms are leading the road maintenance market?
Major companies operating in the road maintenance market are Vinci SA, CRH Total, Group ACS, Hochtief AG, Eiffage S.A., Bechtel Corporation, Dawson Road Maintenance, Colas Group, Cemex S.A.B. de C.V., Fluor Corporation, Kiewit Corporation, AECOM, Downer Group, Sika AG, Balfour Beatty plc, Ferrovial S.E., Martin Marietta Materials Inc., Granite Construction, Tarmac, The Miller Group, Heidelberg Materials, Crafco Inc., Midland Asphalt Materials Inc.
How will industry trends affect the trajectory of the road maintenance market?
Major companies operating in the road maintenance market are focused on developing innovative, systematic inspection solutions to enhance infrastructure quality and safety. Innovative systematic inspection solutions in road maintenance involve using advanced technologies such as sensors, AI, and drones to monitor and assess road conditions efficiently. For instance, in May 2024, the National Highways Authority of India (NHAI), an India-based autonomous agency of the Government of India that manages the country’s national highway, launched Highway Maintenance Units (HMUs), marking a significant step towards improving the upkeep and management of national highways. This initiative focuses on ensuring timely maintenance and enhancing the overall quality of highway infrastructure nationwide. The HMUs will conduct routine inspections, carry out maintenance activities, and address various highway-related issues. This proactive strategy aims to boost road safety and provide a better travel experience for all users.
Which geographic trends are shaping the road maintenance market, and which region has the highest market share?
Asia-Pacific was the largest region in the road maintenance market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the road maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Road Maintenance Market Report 2025 Offer?
The road maintenance market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Road maintenance refers to the systematic process of keeping roads and related infrastructure in good condition through routine upkeep and repairs. This includes a range of activities designed to ensure the road surface remains safe, functional, and durable over time. Road maintenance helps keep roads safe, smooth, and in good condition for drivers and pedestrians.
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