The global highway and road construction market is anticipated to grow at a CAGR of 7.9% during the forecast period (2023-2030). National highways and roads facilitate the movement of many natural resources from one location to another, while improving the connectivity between different cities. The number of roads and motorways around the globe is growing exponentially. For instance, in August 2023, the National Highways Authority of India (NHAI) established the Guinness World Record by successfully building the 75 km continuous single bituminous concrete road between Amravati and Akola on NH-53 in a record duration of 105 hours and 33 minutes. The development and maintenance of service roads and national highways has to utilize plastic garbage, according to the central government. The roads will become more resilient, affordable, robust, and pothole-free as a consequence.
For instance, in February 2023, NHAI has been building national highways with recyclable materials. Over the past three years, there has been an increase in the use of plastic trash and fly ash in construction. Recycled aggregates (RA) and recycled asphalt (RAP) have been promoted by NHAI for use in the construction of national highways. The development of novel technologies, materials, and methods for building highways, particularly in difficult climatic and geographic situations, may be the subject of several projects. For Instance, in May 2023, the signing of the Memorandum of Understanding (MoU) between National Highways & Infrastructure Development Corporation Ltd. (NHIDCL) and the Indian Institute of Technology (IIT) Guwahati is a significant step in advancing research and development (R&D) in the fields of civil engineering, road construction, planning, and design. In order to address the issues and advance advancements in technology in the construction of highways under difficult climatic and geographic conditions, this collaboration aims to make use of the knowledge of IIT Guwahati, a renowned institution in these fields.
To Request a Sample of our Report on Highway and Road Construction Market: https://www.omrglobal.com/request-sample/highway-and-road-construction-market
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Construction Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- includes Huawei Technologies Co., Ltd., ABB Ltd., VINCI Construction, Colas Ltd., and others.
A full Report of Highway and Road Construction Market is Available @ https://www.omrglobal.com/industry-reports/highway-and-road-construction-market
Highway and Road Construction Market Report Segment
By Type
- Highway
- Street
- Bridge
- Others (Tunnels)
By Construction Type
- New Construction
- Reconstruction
- Pavement construction
- Others (Repair/ Renovations)
Highway and Road Construction Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Advance North Services Ltd.
- Afcons Infrastructure Ltd.
- Balfour Beatty Plc
- Blacklidge
- Caterpillar Inc.
- Dilip Buildcon Ltd.
- Dragados
- Ebenezer commercial work Ltd.
- Kiewit Corp.
- Ledcor Group
- STRABAG International GmBH
- TATA Projects
- The Lane Construction Corp.
- United Materials
- Xenomatix
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/highway-and-road-construction-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
