Roads And Highways Global Market Report 2026

A road is a long, narrow section of land with a leveled or paved surface designed for vehicular and pedestrian traffic. Roads provide essential infrastructure for transportation, connecting different regions and facilitating the movement of goods and people. Highways are busy routes with multiple lanes, serving as major transportation arteries for large volumes of traffic. The design and construction of roads and highways are vital components of urban and regional planning.

Roads and highways products are categorized into road construction and maintenance, and highway construction and maintenance. Road construction and maintenance involve preservation, repairs, resurfacing, and new road construction, incorporating technologies such as intelligent transport management systems, intelligent traffic management systems, communication systems, monitoring systems, and others. This spans the creation of first-class roads, substandard roads, highways, second-class roads, and third-class roads.

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 and highways market by increasing costs of asphalt, steel, machinery components, and imported construction materials, causing delays and higher expenses in large-scale road and highway projects. Regions with heavy reliance on imported aggregates, steel, and bitumensuch as Asia-Pacific, Africa, and parts of Europeface the strongest disruptions. However, tariffs also encourage domestic material production, boost local sourcing, and stimulate investment in regional manufacturing capabilities for roadbuilding equipment and materials.

The roads and highways market research report is one of a series of new reports from The Business Research Company that provides roads and highways market statistics, including roads and highways industry global market size, regional shares, competitors with a roads and highways market share, detailed roads and highways market segments, market trends and opportunities, and any further data you may need to thrive in the roads and highways industry. This roads and highways 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 and highways market size has grown steadily in recent years. It will grow from $702.1 billion in 2025 to $732.88 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growing government spending on infrastructure, reliance on traditional road construction materials, steady expansion of national highway networks, historical dominance of manual construction methods, stable availability of bitumen and aggregates.

The roads and highways market size is expected to see steady growth in the next few years. It will grow to $886.97 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing adoption of smart transportation systems, shift toward sustainable and recycled road materials, rising investment in automated construction technologies, growth in large-scale public infrastructure programs, expanding deployment of intelligent traffic management systems. Major trends in the forecast period include increasing adoption of smart roadway technologies, growth in sustainable and recycled road construction materials, expansion of long-term highway rehabilitation projects, rising demand for advanced traffic management solutions, increasing integration of prefabricated and modular road components.

The rise in vehicle production is anticipated to drive the growth of the roads and highways market in the future. Vehicle production refers to the large-scale manufacturing of uniform models available for public sale. Many drivers prefer traveling on highways due to their long, direct routes that connect various locations, making travel easier. Additionally, highway travel can result in fuel savings by reducing distances between cities. For example, in September 2024, the European Automobile Manufacturers' Association, a Belgium-based organization under the European Commission, reported that car production in the European Union reached 12.2 million units in 2023, representing an 11.6% increase compared with 2022. Consequently, the growth in vehicle production is fueling the expansion of the roads and highways market.

Major companies in the roads and highways market are focusing on introducing novel products such as universal-class pavers to better cater to the needs of their existing clientele. An exemplary instance is VOGELE, a Germany-based road paving equipment manufacturing company, which unveiled the SUPER 1880 L in May 2023. The SUPER 1880 L is a robust tracked paver known for its versatility, designed to handle various road-building and paving activities. With a maximum pave width of 9.5 m, it is well-suited for highway and rural road projects, available at emission levels 3 and below. The Vogele SUPER 1880 L's sturdy structure allows for paving cold, coarse substances and hot asphalt layers, making it versatile for multiple paving applications, including highways, A roads, and B roads.

In June 2025, Cube Highways Trust, an India-based infrastructure investment trust (InvIT) focused on the roads and highways sector, acquired two highway assets in Jammu & Kashmir from the National Investment and Infrastructure Fund (NIIF) for $0.47 billion. Through this acquisition, Cube Highways Trust aims to strengthen its portfolio of toll road assets in northern India, enhance regional connectivity, and support long-term cash flow stability by strategically expanding in high-traffic corridors. The National Investment and Infrastructure Fund (NIIF) is an India-based provider of road and highway infrastructure investments.

Major companies operating in the roads and highways market are China Communications Construction Company Ltd., Vinci SA, Bouygues SA, ACS Group, CRH plc, Larsen & Toubro Ltd., STRABAG SE, Tata Projects, Bechtel Corporation, Jacobs Engineering Group Inc., Colas SA, Skanska AB, Fluor Corporation, Kiewit Corporation, AECOM, Acciona S.A., Balfour Beatty plc, Ferrovial S.A., Royal BAM Group, Porr AG, Granite Construction Inc., Lane Construction Corporation, Dilip Buildcon Limited, Walsh Construction LLC, Heidelberg Cement AG, IRB Infrastructure Developers Limited, Eurovia UK Limited, Hunan Road and Bridge Construction Group Co Ltd., Afcons Infrastructure Limited, Sichuan Railway Investment Group Co Ltd.

North America was the largest region in the roads and highways market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global roads and highways market report during the forecast period. The regions covered in the roads and highways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

The roads and highways market includes of revenues earned by entities by constructing earthen roads, murram roads, bituminous roads, concrete roads, highway roads, gravel roads, and more. 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 And Highways 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 and highways 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 and highways ? 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 and highways 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 Product Types: Road construction and maintenance; Highway construction and maintenance
• 2) By Technology: Intelligent transport management system; Intelligent traffic management system; Communication system; Monitoring System; Other Technologies
• 3) By End Use: First-class roads; Substandard roads; Highways; Second-class roads; Third-class roads
• Subsegments:
• 1) By Road Construction And Maintenance: Asphalt Paving; Concrete Paving; Road Marking And Signage; Surface treatment; Drainage And Erosion Control
• 2) By Highway Construction And Maintenance: Highway Paving; Bridge Construction And Maintenance; Guardrail Installation; Traffic Management Systems; Highway Signage And Lighting
• Companies Mentioned: China Communications Construction Company Ltd.; Vinci SA; Bouygues SA; ACS Group; CRH plc; Larsen & Toubro Ltd.; STRABAG SE; Tata Projects; Bechtel Corporation; Jacobs Engineering Group Inc.; Colas SA; Skanska AB; Fluor Corporation; Kiewit Corporation; AECOM; Acciona S.A.; Balfour Beatty plc; Ferrovial S.A.; Royal BAM Group; Porr AG; Granite Construction Inc.; Lane Construction Corporation; Dilip Buildcon Limited; Walsh Construction LLC; Heidelberg Cement AG; IRB Infrastructure Developers Limited; Eurovia UK Limited; Hunan Road and Bridge Construction Group Co Ltd.; Afcons Infrastructure Limited; Sichuan Railway Investment Group Co Ltd.
• 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.