Tuesday, 02 January 2024 12:17 GMT

Road Construction Services Industry Report 2025: Market Will Grow From $147.36 Billion In 2024 To $195.29 Billion In 2029 - Global Long-Term Forecast To 2034


(MENAFN- GlobeNewsWire - Nasdaq) The road construction services market is poised for expansion driven by infrastructure investment, urban growth, sustainable materials, and innovations in automation and smart technologies. Key opportunities include smart traffic systems, IoT-enabled sensors, autonomous equipment, and large-scale contracts enhancing regional connectivity.

Dublin, Oct. 16, 2025 (GLOBE NEWSWIRE) -- The "Road Construction Services Market Report 2025" report has been added to ResearchAndMarkets's offering.
The road construction services market size has grown strongly in recent years. It will grow from $147.36 billion in 2024 to $156.2 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to increasing infrastructure investments, rising automation levels, expanding urbanization and population, growing demand for maintenance, and greater adoption of eco-friendly materials.

The road construction services market size is expected to see strong growth in the next few years. It will grow to $195.29 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The projected growth during the forecast period can be attributed to ongoing infrastructure investments, increased focus on sustainable materials, rising demands driven by urban expansion, the growing need for smart infrastructure projects, and the demand for durable pavement solutions. Key trends expected in this period include automation and robotics, smart traffic management research, IoT-enabled road sensors, autonomous construction equipment, and drone-based surveying techniques.
The growing investment in road infrastructure is expected to drive the expansion of the road construction services market in the coming years. Road infrastructure includes physical structures and facilities such as roads, bridges, tunnels, and signage that enable the safe and efficient movement of vehicles and pedestrians.

This increase in road infrastructure investment is driven by economic growth and the need to facilitate trade, as efficient transportation networks are crucial for connecting markets, lowering logistics costs, and supporting industrial and commercial activities. Investments in road infrastructure support road construction services by financing new projects, upgrading existing roads, and enhancing the transportation network.
Key players in the road construction services market are focusing on winning large-scale infrastructure contracts to boost their market share and increase revenue. These contracts often involve access-controlled highways, expressways, and ring roads that play a vital role in regional connectivity and reducing urban congestion.
Asia-Pacific was the largest region in the road construction services market in 2024. The regions covered in road construction services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the road construction services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Key Attributes:

Report Attribute Details
No. of Pages 250
Forecast Period 2025 - 2029
Estimated Market Value (USD) in 2025 $156.2 Billion
Forecasted Market Value (USD) by 2029 $195.29 Billion
Compound Annual Growth Rate 5.7%
Regions Covered Global

Report Scope

Markets Covered:

  • Type: Freeway; Main Road; Secondary Road; Branch Road
  • Service Type: Asphalt Paving; Concrete Paving; Road Marking Services; Road Maintenance Services; Traffic Management Services
  • Deployment Type: On-Premises; Cloud-Based; Hybrid Deployment
  • Application: Integrated Circuit (IC) Design; Wafer Fabrication; Wireless Communications; Consumer Electronics; Automotive
  • End-User: Government Agencies; Private Contractors; Real Estate Developers; Infrastructure Investment Agencies; Public-Private Partnerships

Subsegments:

  • Freeway: Urban Freeway; Rural Freeway; Elevated Expressway; Controlled-Access Highway
  • Main Road: National Highways; State Highways; Dual Carriageways; Arterial Roads
  • Secondary Road: District Roads; Collector Roads; Feeder Roads; Rural Access Roads
  • Branch Road: Local Streets; Residential Roads; Service Roads; Alleyways

Companies Featured

  • China Railway Group Limited
  • China Communications Construction Company
  • Vinci SA
  • Larsen & Toubro (L&T) Construction
  • Bechtel Corporation
  • Strabag SE
  • Kiewit Corporation
  • Fluor Corporation
  • Bouygues Construction
  • AECOM
  • Ferrovial SE
  • Eurovia SAS
  • WSP USA
  • Parsons Corporation
  • Tutor Perini Corporation
  • Clark Construction Group
  • Granite Construction Inc.
  • Sterling Infrastructure Inc.
  • The Lane Construction Corporation
  • ACS Group
  • Hanson Contracting

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Attachment

  • Road Construction Services Market
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