Roads Global Market Report 2026

Roads are defined as elongated, narrow paved or smoothed surfaces intended for the use of motor vehicles. They serve the crucial purpose of connecting cities, towns, and villages, facilitating the transportation of cars and people between different locations. The concept of roads encompasses both their design and construction.

The primary categories of roads include highways, streets, and bridges. A highway is a substantial country thoroughfare, employed to delineate a route, whether in a rural or urban environment, where the entry and exit points for vehicles are regulated and restricted. This involves several components, including hardware, software, and services. Various types of construction encompass new construction, reconstruction, and repair.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the roads market by increasing costs of imported steel, asphalt binders, construction machinery, and electronic components used in traffic systems, resulting in higher project expenditures across highway, street, and bridge construction. Regions heavily dependent on imported raw materialssuch as North America, Europe, and parts of Asiaface the strongest cost pressures, particularly on large-scale infrastructure upgrades. However, tariffs are also prompting domestic material production and local machinery sourcing, which strengthens supply chain resilience and supports long-term cost stability.

The roads market research report is one of a series of new reports from The Business Research Company that provides roads market statistics, including roads industry global market size, regional shares, competitors with a roads market share, detailed roads market segments, market trends and opportunities, and any further data you may need to thrive in the roads industry. This roads market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The roads market size has grown steadily in recent years. It will grow from $271.53 billion in 2025 to $281.45 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to growth in national infrastructure spending, reliance on traditional road construction materials, expansion of rural connectivity projects, increasing demand for basic repair and maintenance, development of early highway and bridge networks.

The roads market size is expected to see steady growth in the next few years. It will grow to $331.06 billion in 2030 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increasing focus on sustainable road materials, rising investment in large-scale highway reconstruction, expansion of smart road infrastructure, growing demand for advanced construction machinery, heightened emphasis on long-term road durability. Major trends in the forecast period include increasing construction of bituminous and concrete roads, rising focus on road maintenance and rehabilitation projects, growing development of rural and intercity road networks, expansion of bridge and highway upgradation activities, higher use of advanced machinery such as road rollers and asphalt plants.

The increasing number of vehicles is expected to drive growth in the roads market moving forward. Vehicles, which are machines used to transport people or goods, typically operate on land and are equipped with wheels and engines, such as motor vehicles. Roads are essential for the transportation of these vehicles, making road infrastructure critical for moving people and goods. This growing reliance on vehicles will boost demand for road construction. For example, in 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, reported that electric car sales in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase. Thus, the increasing number of vehicles is propelling the growth of the roads market.

Leading companies operating in the roads market are prioritizing the development of innovative solutions such as unmanned traffic management platforms to address the increasing need for real-time monitoring, enhanced safety, and faster construction processes in road infrastructure development. Unmanned traffic management systems are cloud-based platforms created to oversee and regulate both manned and unmanned aerial vehicles. Unlike traditional manual monitoring approaches, these systems rely on automation, real-time data analytics, and integrated communication networks to improve oversight and operational efficiency. For example, in February 2023, the Ministry of Road Transport and Highways, a Government of India agency, introduced Skye UTM, an unmanned traffic management system aimed at advancing highway construction monitoring, identifying accident-prone areas, and facilitating autonomous traffic supervision. The platform offers real-time situational awareness, autonomous navigation assistance, risk evaluation tools, and centralized airspace management for drones and other aerial mobility systems. It integrates operations between manned and unmanned aircraft and supports intelligent decision-making in infrastructure development and traffic management.

In September 2024, Construction Partners, Inc., a U.S.-based civil infrastructure company specializing in the construction and maintenance of roads, bridges, airports, and commercial and residential sites, acquired John G. Walton Construction Company, Inc. for an undisclosed amount. This acquisition is intended to enhance Construction Partners, Inc.'s operational capacity, expand its market share in Alabama, and support its strategic growth initiatives in the southeastern U.S. infrastructure sector. John G. Walton Construction Company is a U.S.-based paving and heavy civil contractor that focuses on infrastructure construction services.

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.

Asia-Pacific was the largest region in the roads market in 2025. The regions covered in the roads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the roads market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The roads market consists of revenues earned by entities by constructing earthen roads, murrum roads, bituminous roads, concrete roads, highway roads, and gravel roads. The market includes new work, additions, alterations, maintenance, and repairs. 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.

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.

Roads Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses roads market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for roads ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The roads market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: 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.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.