The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Highways Global Market Report 2024 offers crucial insights into the highways market help businesses analyse and build stronger strategies.

• Rise in Vehicle Numbers: Increased vehicle ownership fuels demand for highways.
• Electric Car Sales Surge: Electric vehicle adoption contributes to highway usage.
• Global Energy Agency Data: Sales of electric cars exceeded 10 million in 2022, up from 6.6 million in 2021.
• Key Companies in the Highways Market: A plethora of companies are driving growth in the highways sector.

Technological Advancements For Enhanced Traffic Management

• Adoption of New Technologies: Companies embrace innovations for sustainable growth.
• Example of Vienna Government and Kapsch TrafficCom: Implementation of Traffic Management 2.0 for improved traffic conditions and CO2 emissions reduction.
• Clyde Companies Strengthens Presence In Denver Market Through Acquisition Of Interstate Highway Construction (IHC)

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https://www.thebusinessresearchcompany.com/report/highways-global-market-report

Strategic Acquisition by Clyde Companies, Inc.

• Acquisition of Interstate Highway Construction (IHC): Clyde Companies expands its portfolio in Denver.
• Formation of IHC Scott, Inc.: Integration of IHC with Scott Contracting to enhance construction services.
• Segmentation of the Highways Market

Segmentation of the Market

• By Type: Road Construction And Maintenance, Highway Construction And Maintenance.
• By Component: Hardware, Software, Service.
• By Product Technology: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System.
• Regional Dominance of North America

North America Leads the Market

• Largest Region in 2023: North America tops the highways market.

Conclusion

The highways market is witnessing robust growth, driven by factors like increased vehicle ownership, electric vehicle adoption, and technological advancements in traffic management. Strategic acquisitions and partnerships further enhance market dynamics. With the rise of smart city initiatives and sustainable transportation solutions, the highways sector is poised for continued expansion, offering lucrative opportunities for stakeholders across the globe.

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The Highways Global Market Report 2024  provides a comprehensive outlook of the highways market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The highways market forecast offers a thorough analysis on highways market size, highways market share, prominent players and their strategies.

The Table Of Content For The Highways Market Include:
1. Highways Market Executive Summary
2. Highways Market Segments
3. Highways Market Size And Highways Market Growth Rate
4. Key Highways Market Trends
5. Major Highways Market Drivers
……
25. Key Mergers And Acquisitions In The Highways Market
26. Top Highways Companies
27. Highways Market Opportunities And Strategies
28. Highways Market, Conclusions And Recommendations
29. Appendix

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