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Highway Maintenance Market Trends

Report ID: GMI7535
Published Date: Nov 2023
Report Format: PDF

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Highway Maintenance Market Trends

Sustainable practices and materials will help carve a healthy growth trajectory for the highway maintenance industry. There is a growing emphasis on sustainability in infrastructure projects, including highway maintenance. Future trends may involve the adoption of eco-friendly materials, energy-efficient technologies, and environmentally conscious practices in road maintenance.

For instance, in November 2023, SYSTRA MVA Consulting (India) Private Limited and the Indian Institute of Technology Roorkee Development Foundation (IITRDF) unveiled a collaborative venture, signaling a significant stride in sustainable infrastructure development. The joint effort, encapsulated in the CSR project "Unravelling the Characteristics of Ultra-High-Performance Concrete: From Micro to Macro," seeks to decode the complexities of Ultra-High-Performance Concrete. Employing state-of-the-art research methodologies, this partnership aims to revolutionize the construction industry's approach to creating enduring and robust infrastructure. This shift towards sustainability aims to reduce the environmental impact of maintenance activities while promoting longevity and resilience in road infrastructure.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of highway maintenance reached USD 7.8 billion in 2022 and is set to grow at 4.2% CAGR between 2023 and 2032, backed by the need to ensure safety & functionality of aging road networks, along with the government initiatives & funding.

In 2022, the outsourced maintenance contracts segment held a market share of over 68% and are preferred for highway maintenance as outsourcing allows governments and authorities to tap into specialized expertise, ensuring that maintenance tasks are handled by professionals with the requisite skills and experience.

Asia Pacific market was valued at 35% in 2022 and is flourishing due to rapid urbanization and extensive infrastructure development.

AECOM, Amey plc, Balfour Beatty, Colas Group, Eurovia, Ferrovial Services, Fluor Corporation, Galfar Engineering & Contracting SAOG, Galliford Try, and Graham Construction.