Road Construction and Maintenance Market: Historic Industry Size and Analysis of 15 Vendors and 7 Countries – Technavio – QNT Press Release

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NEW YORK, Nov. 26, 2022 /PRNewswire/ — The road construction and maintenance market size is forecasted to increase by USD 259.95 billion from 2022 to 2027, at a CAGR of 5.42%, According to the recent market study by Technavio. The growth of the market will be driven by investments in road and highway infrastructure projects, growth in the number of automobiles on roads, and the increasing demand for highway infrastructure.

Technavio categorizes the global road construction and maintenance market as a part of the construction and engineering market, which covers companies that are primarily engaged in non-residential constructionincluding engineering service providers and EPC contractors.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

Technavio has extensively analyzed 15 major vendors, including Advantage North Services Ltd., Afcons Infrastructure Ltd., Balfour Beatty Plc, Blacklidge, Cat Works LLC, Dilip Buildcon Ltd., Dragados, Ebenezer Commercial Works Ltd., Granite Construction Inc., Hunan Communication and Water Conservancy Group Ltd, Kiewit Corp. , Ledcor Group, National Highways and Infrastructure Development Corp. Ltd., STRABAG International GmbH, TATA Projects Ltd., Tenmile, The Lane Construction Corp., United Materials, and Xenomatix.

Key Benefits for Industry Players & Stakeholders
  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyzes of the market’s competitive landscape and vendors’ product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focus, industry focus ; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which is HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

Download the sample To get a holistic overview of the road construction and maintenance market by industry experts to evaluate and develop growth strategies.

The market is segmented by application (new construction, reconstruction, and repair) and type (highway, street, and bridge).

Segmentation by application (Inclusion/Exclusion)

  • Inclusion:
    • New construction:

The new construction segment grew gradually by USD 385.75 billion between 2017 and 2021. The growth of this segment is attributed to factors such as the rise in the number of vehicles, including passenger vehicles and commercial vehicles, and increasing investments in road infrastructure.

To get detailed insights about inclusions and exclusions, buy report.

Related Reports –

Construction Market in Turkey by End-user and Sector – Forecast and Analysis 2022-2026 – size is estimated to increase by USD 51.64 billion from 2021 to 2026, with an accelerated CAGR of 5.08%, According to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by end-user (residential, infrastructure, and commercial) and sector (private and public).

Construction Aggregates Market in the US by Product and End-user – Forecast and Analysis 2022-2026 – size is estimated to increase by 06.97 million metric tons from 2021 to 2026, According to the recent market study by Technavio. The rising construction activities in the US are one of the key factors driving the market growth.

What are the key data covered in the road construction and maintenance market?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the road construction and maintenance market between 2023 and 2027
  • Precise estimation of the size of the road construction and maintenance market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the road construction and maintenance market across APAC, North America, Europe, Middle East and Africaand South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of road construction and maintenance market vendors

Road Construction and Maintenance Market Scope

Report Coverage

Details

Page number

120

base year

2022

Historic Period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.42%

Market growth 2023-2027

USD 259.95 billion

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

North America, APAC, Europe, South America, and the Middle East and Africa

Performing contribution

APAC at 41%

Key countries

US, China, India, Russia, and UK

Competitive landscape

Full story available on Benzinga.com

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