With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Large Could The Roads Market Become By 2030 At A 4.1% CAGR?
The roads market has experienced steady expansion in recent years. It is forecast to grow from $271.53 billion in 2025 to $281.45 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 3.7%. This historic growth can be attributed to increased national infrastructure spending, a reliance on traditional road construction materials, the expansion of rural connectivity initiatives, a rising demand for basic repair and maintenance, and the development of early highway and bridge networks.
The roads market size is projected to experience consistent expansion over the coming years. It is forecast to reach $331.06 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 4.1%. This anticipated growth during the forecast timeframe is attributable to a heightened focus on sustainable road construction materials, increased investments in extensive highway rebuilding efforts, the broadening of smart road infrastructure, an escalating need for sophisticated construction equipment, and a greater emphasis on ensuring long-lasting road durability. Key trends anticipated for this period encompass a rise in the construction of bituminous and concrete roadways, an intensified focus on initiatives for road upkeep and restoration, the expanding establishment of road networks connecting rural and urban areas, an increase in bridge and highway enhancement projects, and the greater deployment of advanced equipment like road rollers and asphalt plants.
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Roads Market Outlook: Key Driver Supporting Long-Term Growth
An escalating volume of vehicles is projected to stimulate the expansion of the roads market moving forward. Vehicles are mechanisms engineered to convey individuals or merchandise, generally over land, often equipped with wheels and an engine, such as motor vehicles. These vehicles predominantly rely on roads for their transit needs and frequently use them to transport people and various commodities. This reliance will, in turn, create demand for road constructions. For instance, in 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric cars in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase. Consequently, the increasing number of vehicles is propelling the growth of the roads market.
Segmentation Of The Roads Market: Key Categories Explained
The roads market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Type: Highway, Street, Bridge
3) By Construction Type: New Construction, Reconstruction, Repair
Subsegments:
1) By Hardware: Motor Graders, Asphalt Plants, Road Rollers
2) By Software: Road Design And Engineering Software, Construction Project Management Software, Construction Equipment Monitoring Software
3) By Service: Maintenance And Repair Services, Consulting Services, Installation Services
Roads Market Evolving Trends: What Businesses Should Know
Technological advancement represents a significant and growing trend within the roads market. Key companies active in the roads market are prioritizing the adoption of advanced technologies in road construction processes to solidify their market position. For example, in February 2023, the Ministry of Road Transport and Highways, an organization part of the Central Government of India, introduced Skye UTM, an unmanned traffic management system that aids in accelerating highway construction, observing severe traffic accidents, and conducting real-time traffic monitoring. Skye UTM is a cloud-based air traffic management system that integrates manned and unmanned flights. It serves as the most sophisticated and indigenous aerial traffic management platform, providing situational awareness, autonomous navigation, risk assessment, and traffic management capabilities to all drone and other aerial mobility operators across the airspace.
Who Competes In The Roads Market? Major Companies Listed
Major companies operating in the roads market are Afcons Infrastructure Limited, Dilip Buildcon Limited, Tata Projects Limited, China Communications Construction Company Ltd., Granite Construction Inc., Hunan Road and Bridge Construction Group Co. Ltd., Kiewit Corporation, Lane Construction Corporation, Sichuan Railway Investment Group Co. Ltd., Larsen & Toubro Limited, IRB Infrastructure Developers Limited, H.G. Infra Engineering Limited, NCC Infrastructure Holdings Limited, Muscat Road Construction & Civil Works LLC, PNC Infratech Limited, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Wirtgen GmbH, Dynapac Road Construction Equipment India Pvt. Ltd., The Lane Construction Corporation, JMC Projects Ltd., Gayatri Projects Limited, Hindustan Construction Company Limited, Nagarjuna Construction Company Limited, Bhartia Infra Projects Ltd., Sany Heavy Industry Co. Ltd., Terex Corporation, Liebherr-International AG, Deere & Company, Zoomlion Heavy Industry Science and Technology Co. Ltd., Fayat Group, Wacker Construction Equipment AG, Ammann Group Holding AG, CNH Industrial.
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Roads Market Regional Ranking: Which Geography Comes First?
Asia-Pacific was the largest region in the roads market in 2025. The regions covered in the roads market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
