Road Construction and Maintenance Market: Historic Industry Size and Analysis of 15 Vendors and 7 Countries - Technavio
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 construction, including 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 analyses 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 focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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.
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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 Africa, and 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
Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks
Companies profiled
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
Market Dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 124: Balfour Beatty Plc - Business segments
Exhibit 125: Balfour Beatty Plc - Key offerings
Exhibit 126: Balfour Beatty Plc - Segment focus
12.6 Blacklidge
Exhibit 127: Blacklidge - Overview
Exhibit 128: Blacklidge - Product / Service
Exhibit 129: Blacklidge - Key offerings
12.7 Cat Works LLC
Exhibit 130: Cat Works LLC - Overview
Exhibit 131: Cat Works LLC - Product / Service
Exhibit 132: Cat Works LLC - Key offerings
12.8 Dilip Buildcon Ltd.
Exhibit 133: Dilip Buildcon Ltd. - Overview
Exhibit 134: Dilip Buildcon Ltd. - Business segments
Exhibit 135: Dilip Buildcon Ltd. - Key offerings
Exhibit 136: Dilip Buildcon Ltd. - Segment focus
12.9 Dragados
Exhibit 137: Dragados - Overview
Exhibit 138: Dragados - Product / Service
Exhibit 139: Dragados - Key offerings
12.10 Ebenezer Commercial Works Ltd.
Exhibit 140: Ebenezer Commercial Works Ltd. - Overview
Exhibit 141: Ebenezer Commercial Works Ltd. - Product / Service
Exhibit 142: Ebenezer Commercial Works Ltd. - Key offerings
12.11 Granite Construction Inc.
Exhibit 143: Granite Construction Inc. - Overview
Exhibit 144: Granite Construction Inc. - Business segments
Exhibit 145: Granite Construction Inc. - Key offerings
Exhibit 146: Granite Construction Inc. - Segment focus
12.12 Hunan Communication and Water Conservancy Group Ltd
Exhibit 147: Hunan Communication and Water Conservancy Group Ltd - Overview
Exhibit 148: Hunan Communication and Water Conservancy Group Ltd - Product / Service
Exhibit 149: Hunan Communication and Water Conservancy Group Ltd - Key offerings
12.13 Kiewit Corp.
Exhibit 150: Kiewit Corp. - Overview
Exhibit 151: Kiewit Corp. - Product / Service
Exhibit 152: Kiewit Corp. - Key offerings
12.14 Ledcor Group
Exhibit 153: Ledcor Group - Overview
Exhibit 154: Ledcor Group - Product / Service
Exhibit 155: Ledcor Group - Key offerings
12.15 Strabag International GmbH
Exhibit 156: Strabag International GmbH - Overview
Exhibit 157: Strabag International GmbH - Product / Service
Exhibit 158: Strabag International GmbH - Key offerings
12.16 TATA projects
Exhibit 159: TATA projects - Overview
Exhibit 160: TATA projects - Business segments
Exhibit 161: TATA projects - Key offerings
Exhibit 162: TATA projects - Segment focus
12.17 The Lane Construction Corp.
Exhibit 163: The Lane Construction Corp. - Overview
Exhibit 164: The Lane Construction Corp. - Product / Service
Exhibit 165: The Lane Construction Corp. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations
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