Global Roads Market

5 Major Insights Into The Roads Market Report 2024

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 Roads Global Market Report 2024 offers crucial insights into the roads market help businesses analyse and build stronger strategies.


  • Steady Growth Projection: The roads market is set to grow from $277.51 billion in 2023 to $287.46 billion in 2024 at a CAGR of 3.6%.
  • Key Growth Drivers: Population growth, urbanization, economic development, industrialization, and government infrastructure investments are fueling market expansion.
  • Future Growth Forecast: The market is expected to reach $336.02 billion in 2028, with a CAGR of 4.0%, driven by renewable energy integration and smart city initiatives.


Elevating Road Construction Integration Of Advanced Technologies With The Launch Of Skye UTM By The Ministry Of Road Transport And Highways

  • Technological Advancements: Advanced technologies in road construction operations are becoming increasingly prominent.
  • Skye UTM Introduction: The Ministry of Road Transport and Highways launched Skye UTM, an unmanned traffic management system, to enhance highway construction efficiency and monitor traffic.
  • Implications: Skye UTM facilitates real-time traffic monitoring, autonomous navigation, and risk assessment, bolstering road construction capabilities.


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Bird Construction Enhances Capabilities With Acquisition Of Dagmar Construction Inc.

  • Acquisition Details: Bird Construction acquired Dagmar Construction Inc. for $32 million in September 2021.
  • Strategic Objectives: The acquisition aims to expand Bird Construction’s presence in civil infrastructure projects and drive higher self-perform margins.
  • Dagmar Construction Inc.: The acquired company brings extensive experience in civil infrastructure, including rail, road, bridge, sewer, and commercial projects.


Market Segmentation and Regional Analysis

  • Segmentation Overview: The roads market is segmented by component (hardware, software, service), type (highway, street, bridge), and construction type (new construction, reconstruction, repair).
  • Regional Dominance: Asia-Pacific led the roads market in 2023, indicating significant opportunities in the region for infrastructure development and expansion.



The roads market is witnessing steady growth, driven by various factors such as population growth, urbanization, and government infrastructure investments. Technological advancements, exemplified by initiatives like Skye UTM, are revolutionizing road construction operations, enhancing efficiency, and ensuring safety. Strategic acquisitions, like Bird Construction’s acquisition of Dagmar Construction Inc., further strengthen market players’ capabilities and market presence. With continued investment and innovation, the roads market is poised for substantial expansion, particularly in regions like Asia-Pacific, presenting lucrative opportunities for stakeholders across the industry.


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


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


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