Road Maintenance Market Size - By Road Type (Highway and Expressway, Urban Road, Rural Road), By Service Type (Routine maintenance, Emergency maintenance, Reactive maintenance), Forecast 2023 - 2032

Road Maintenance Market Size

Road Maintenance Market size was valued at USD 14.1 billion in 2022 and will grow at a CAGR of over 5% from 2023 to 2032. This growth can be attributed to the increasing government investments in infrastructure development projects. Economic stimulus plans and transportation policies have attracted significant government funding for infrastructure projects.

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Regulations that mandate road safety standards, environmental sustainability, and overall quality positively influence road maintenance activities. In April 2023, the American Association of State Highway and Transportation Officials (AASHTO) released a new guide on the use of drones for road maintenance. Such moves and initiatives will help bring about favorable outcomes for the market development.

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Limited public funding or budgetary constraints for infrastructure projects can hinder road maintenance efforts. Insufficient investment may lead to delayed repairs, reduced maintenance frequency, and overall deterioration of road networks. In addition, road maintenance projects may encounter difficulties when navigating complicated regulatory frameworks, obtaining required permits, and adhering to numerous environmental and safety regulations. Bureaucratic delays and hurdles may slow down maintenance initiatives and impact their effectiveness, leading to sluggish market growth.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the road maintenance market, disrupting schedules, budgets, and workforce availability. Lockdowns and restrictions led to delays in planned maintenance projects worldwide, affecting road quality and safety. The UK Road maintenance programs faced challenges due to reduced resources. These instances underscore how the pandemic hindered regular maintenance efforts, potentially affecting road infrastructure conditions.

Road Maintenance Market Trends

The road maintenance industry is expected to see increased technological integration for more efficient and data-driven maintenance practices. This includes promoting the use of sensors, drones, and other Internet of Things (IoT) devices to monitor road conditions in real-time, allowing authorities to identify issues and prioritize maintenance efforts effectively. In April 2023, the US Department of Transportation awarded a USD 100 million grant to the University of California, Berkeley, to develop new technologies for road maintenance. More efforts in this direction will help carve a healthy growth trajectory for the road maintenance sector.

Road Maintenance Road Market Analysis

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The highway segment captured around 40% share of the road maintenance market in 2022 and set to grow significantly by 2032. Road maintenance is experiencing high demand on roadways and expressways due to the critical need for safety, efficiency, and sustainability. These busy transportation arteries are vital for commerce and public mobility. For example, India's National Highway Development Program focuses on maintaining and upgrading its vast roadway network to support economic growth. Besides, the U.S. Interstate Highway System necessitates continuous maintenance to ensure safe and seamless travel. The increased traffic volume and economic significance of these routes emphasize the importance of robust road maintenance practices.

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The routine maintenance segment held approximately 45% share of the market in 2022. Routine maintenance segment growth is anticipated to dominate the service landscape of the road maintenance market by 2032, driven by the necessity to ensure safe, smooth, and efficient travel. Regular maintenance prevents roads from wear and tear, reduces accidents, and minimizes traffic disruptions. These benefits have prompted governments and authorities worldwide to focus on routine maintenance of roads. The Australia's Roads and Maritime Services conducts routine maintenance to extend road lifespans and prevent costly repairs. These instances underscore the crucial role of routine maintenance in preserving road infrastructure and optimizing transportation networks, thus, propelling segment growth.

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Asia Pacific Road maintenance market size exceeded USD 5.2 billion in 2022 and is estimated to witness commendable growth through 2032, owing to rapid urbanization, population expansion, and increasing economic activities. The demand for well-maintained road networks to support efficient transportation and logistics is escalating. India's aggressive infrastructure development plans and urbanization have accentuated the need for upgraded road systems. These factors highlight the Asia Pacific's market dynamic propelled by burgeoning urban landscapes and economic progress.

Road maintenance Market Share

Major players operating in the Market are

• Balfour Beatty
• Bechtel Corporation
• Colas Group
• Downer Group
• Fluor Corporation
• Group ACS
• Hochtief
• Kiewit Corporation
• Vinci SA.
  
  In March 2023, Vinci Highways acquired a 50% stake in Roadserve, a leading road maintenance company in the UK. This acquisition will give Vinci Highways a significant presence in the UK market.

This road maintenance market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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By Road Type

• Highway and Expressway
• Urban Road
• Rural Road

By Service Type

• Routine maintenance
• Emergency maintenance
• Reactive maintenance

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • UAE
  • Saudi Arabia