Highway, Street, and Bridge Construction Market Size & Share 2026-2035

Highway, Street, and Bridge Construction Market Size

The global highway, street, and bridge construction market was valued at USD 2.21 trillion in 2025. The market is expected to grow from USD 2.29 trillion in 2026 to USD 3.34 trillion in 2035 at a CAGR of 4.3%, according to latest report published by Global Market Insights Inc.

Global infrastructure investment is continuously showing positive trends. Many emerging or developing nations are heavily spending on infrastructure such as highways & expressways, roads, bridges & flyovers. The IIJA in the United States, the European Union's Cohesion Fund and Trans-European Transport Network (TEN-T) revision, India's National Infrastructure Pipeline, and Brazil's Novo PAC collectively represent the largest coordinated infrastructure investment cycle in over two decades.^{[1]American Road & Transportation Builders Association (ARTBA), artba.org}

At a global level, the market is predicted to increase to USD 2.29 trillion in 2026, which translates to an immediate growth rate of around 3.4% due to the mobilization of construction activities on projects under current programs. It is predicted that the more significant change will occur during the 2028–2032 period due to the entry of next-generation programs such as reauthorization of US surface transportations after IIJA expiry and phase two of Bharatmala/National Infrastructure Pipeline of India projects. The total projected growth of the market from 2025 to 2035 implies an absolute growth of USD 1.13 trillion during the forecasted period.

The focus of governments continues to be on highway expansion, bridge renovation, and intelligent transport systems to cater to increasing numbers of vehicles, freight, and population. The Government of India’s Union Budget 2026-27 highlights that the allocation to the Ministry of Road Transport & Highways (MoRTH) is Rs 3.10 lakh crore as opposed to Rs 2.87 lakh crore from the previous budget estimates, whereas the allocation to the National Highways Authority of India (NHAI) is Rs 1.87 lakh crore towards national highways, expressways, and greenfield access controlled corridor development through budgetary allocations, toll collection, and highway monetization.

Rural road modernization projects are not limited to expressways but are now being considered in terms of rural connection, rehabilitation, and maintenance projects that will improve the nation’s transportation system. For instance, in August 2025, China launched a project on rural roads that has been approved and signed by the Ministry of Transport, Ministry of Finance, and Ministry of Natural Resources. This project aims at building or upgrading 300,000 km of rural roads, restorative maintenance for 300,000 km of rural roads, 70% maintenance of rural roads, and provision of public bus services in 55% of villages.^{[2]The People's Republic of China, gov.cn}

Highway, Street, and Bridge Construction Market Trends

The deployment of Building Information Modelling (BIM), IoT-supported structural health monitoring technologies, and artificial intelligence-driven project management tools within the delivery of highways and bridges has shifted from piloting to becoming an established procurement expectation in the most advanced markets.

In the US, the Every Day Counts program led by the Federal Highway Administration has encouraged digital delivery such as electronic submissions of designs and construction through modelling as a standardized component of IIJA projects. In Germany, Autobahn GmbH des Bundes has set the requirement that all future Autobahn projects will need to use BIM Level 2 technology involving geometry, schedule, and cost modelling.^{[3]Bundesministerium für Digitales und Verkehr (BMV), bmv.de}

The sustainability criteria included within the construction process of public infrastructure have moved from voluntary ratings to mandatory contractual requirements in an expanding number of markets. The climate resilience criterion mandating that the contractor proves that the design and specification of materials are able to stand up to certain flood return frequencies, temperatures, and rising sea levels is now mandatory in EU transport infrastructure contracts under the revised TEN-T regulation.

Specification of RAP content of 30–50% is required in the construction specifications of several US state DOTs as part of sustainability policy and cost reduction for bitumen. Low-carbon concrete mixes that include substitution of Portland cement with SCMs such as fly ash and slag are specified in large bridge construction projects in the UK, the Netherlands, and Canada.

Accelerated Bridge Construction (ABC) systems, which use prefabricated elements of bridge structures and substructures in an effort to achieve faster assembly in the field, have gained substantial market success in North America, and their adoption is growing in the Asia Pacific region. The reason behind this phenomenon is the logistical challenge posed by the need to replace bridges on active high-traffic roadways; the traditional method of cast-in-place construction requires lengthy traffic disruptions, which is not acceptable due to political and economic reasons on heavily travelled roads. ABC systems utilizing prefabricated modular deck panels, precast bent caps, and prefabricated bridge modules shorten the construction period from months to days.^{[4]Federal Highway Administration (FHWA), U.S. Department of Transportation, fhwa.dot.gov} The promotion of ABC systems was one of the goals of the Bridge Formula Program and Bridge Investment Program of FHWA.

Highway, Street, and Bridge Construction Market Analysis

Based on construction, the highway, street, and bridge construction market is divided into highways construction, street construction and bridge construction. The highways construction segment dominated the market with market share of around 53.5% and generating revenue of around USD 1.2 billion in 2025.

• The highway construction segment dominated the global highway, street, and bridges construction market in 2025. This segment includes various types of construction projects such as greenfield expressway construction, intercity highway extension, national highway renovation, and urban ring roads. This type of construction has the highest level of activity in Asia Pacific region, which includes construction of the largest parallel national highways in the world, undertaken by China and India.
• NHAI in India achieved the construction objective in FY 2024–25 by constructing 5,614 km of national highways while the objective was set for only 5,150 km of highways with the total capital expenditure being an all-time high of Rs 2,50,000 crore (~USD 30 billion), which is a 21% year-on-year rise.^{[5]The Economic Times, economictimes.indiatimes.com} In China, the largest expressway network in the world, which extends to over 180,000 km, is still growing by around 7,000–8,000 km per annum.
• The construction of bridges accounted for 8.7% of the total construction of highways, streets, and bridges in the world market valued at USD 191.9 million in 2025, but it is expected to grow at a significantly faster pace compared to the overall average of the market on account of two different demand drivers – one being replacement due to aging assets in North America and Europe, and the other new construction in the Asia Pacific region and the Middle East.
• In the U.S., the average bridge expenditure in the IIJA era is estimated to be USD 12 billion per annum, 22% more than the amount under the previous FAST Act authorization.^{[6]Congressional Research Service (CRS), congress.gov} The Bridge Formula Program itself allocated USD 5.5 billion annually up to FY2026.

Based on material, the highway, street, and bridge construction market is divided into under asphalt, steel, concrete, composite materials and others. The concrete segment accounts for 44.8% in 2025, valued at around USD 991.5 billion.

• Steel is the one of the dominant materials used for building the superstructure of bridges around the world and a complementary material in highway construction as guardrails, overhead sign bridges, drainage facilities, and soil stabilization systems. In bridge construction, steel girder bridges, which are composite and non-composite, constitute a substantial number of medium span bridges constructed in North America and Europe where there is an existing system of fabrication and design expertise.
• Steel is naturally better than concrete in terms of its weight-strength ratio, making it appropriate for long spans; moreover, its accuracy in fabricated components is in line with the ABC delivery approach becoming popular in highway, street, and bridge construction.
• Among construction materials, concrete is the most commonly used in highway, street, and bridge construction in terms of quantity used, covering areas like rigid pavement construction, bridges' decks, substructure works, culvert works, retaining walls, and drainages works. In highway construction works, rigid pavement of concrete is selected in high-traffic highways where the longevity of about 30 to 50 years, against 15 to 20 years in case of flexible pavements of asphalt, and lower maintenance cost over the life cycle outweighs the initial capital cost. The use of concrete is prevalent in bridge construction works, such as deck slabs, piers, abutments, piles, and girders.

Based on end use, the highway, street, and bridge construction market is divided into government & public sector, private sector and others. The government & public sector segment is expected to grow at a strong CAGR of 4.1% between 2026 and 2035.

• Governments are highly focusing on infrastructure upgrades and adding new roads, highways & expressways. In India, the government allocated around INR 3.1 lakh crore for MoRTH in Union Budget 2026–27. Similarly, in August 2025, China announced the plan to upgrade 300,000 kilometers of rural roads, highlighting continued public-sector commitment toward transportation network expansion and improvement. Such instances show that governments are also serious about moving towards a developed nation.
• On the other hand, private sector investments are also increasing. These firms are now using new technological approaches like digital engineering, automated construction techniques, and sustainable construction techniques that increase efficiency in project implementation. Recent contracts signed include the EUR 431 million Australian transport infrastructure projects awarded to VINCI and the EUR 450 million Berliner Brückenzug highway modernization project signed by HOCHTIEF.

Based on project, the market is divided into under new construction, reconstruction & rehabilitation, repair & maintenance and expansion/widening. The new construction segment accounts for 46.9% in 2025, valued at around USD 1 billion.

• Companies working in this sector receive most of the contracts for the construction of new highways or bridges due to the increasing trend of construction of greenfield highways, expressways, bridges, and integrated mobility corridors to facilitate economic development, cargo logistics, and urban development.
• The segment of expansion/widening is forecasted to witness strong CAGR during 2026-2035. Expansion of road networks through widening of roads and expressways is taking place in many countries. For example, the recently launched Hyderabad Greenfield Radial Road Phase-2 project in India, which entails construction of 22.3 km access controlled highway with a viaduct of 3.6 km length. In the same way, the I-77 South Express Lanes Project of North Carolina, which is estimated to be worth about US$3.2 billion, entails the provision of managed express lanes on 11 miles of Interstate 77.

The U.S. highway, street, and bridge construction market reached USD 532.5 billion in 2025 and growing at a CAGR of 3.7% between 2026-2035.

• There is a need for thousands of bridges and roads that require rehabilitation or replacement, providing sustained opportunities to construction companies, engineering firms, and technology providers in the infrastructure sector. Growth will be driven more from reconstruction, resiliency upgrades, expansion of freight corridors, improvements to urban mobility, and bridge replacement than new highways.
• The investment from the federal government is still the major market driver. Via the Infrastructure Investment and Jobs Act (IIJA), the Federal Highway Administration keeps making the largest amount of investment in highway, bridge, tunnel, and roadway improvements. About $350 billion has been allocated for highway projects during five years in the law, while the specific Bridge Formula and Bridge Investment Program are aimed at bridge replacement and rehabilitation across the nation. In 2025, the FHWA revealed more multi-billion-dollar investments for bridge projects, which shows the government’s intentions to increase transportation reliability and public safety.

The North America region is valued at USD 631.8 billion in 2025. The market for highway, street, and bridge construction is expected to grow at the CAGR of 3.5% from 2026 to 2035.

• North America is among the most developed markets for the building of highways, streets, and bridges as a result of steady investments into modernizing transport, upgrading aged infrastructures and constructing resilience infrastructures. While the US and Canada represent major builders within the region, It is not only about the construction of new roads but also about the upgrade of current infrastructures, replacement of old bridges, smart transport infrastructures, and climate engineering.
• Growing demand for transportation is caused by e-commerce, manufacturing reshoring, and trade between countries through regional economic associations contributes to such trends as well. Utilization of innovative construction techniques, such as BIM, artificial intelligence for asset monitoring, use of drones, and intelligent transportation systems brings additional efficiency to projects while lowering their maintenance expenses throughout the lifecycle.

The Europe region holds 18.2% of the highway, street, and bridge construction market in 2025 and is expected to grow at a CAGR of 2.4% between 2026 and 2035.

• Europe is one of the most developed regions in terms of the construction of highways, streets, and bridges. In Europe, investment is currently being made to modernize and make transport climate-proof and inter-connected but not expand the existing road network. Construction in Europe is fueled by the need to upgrade the aging infrastructure, build the Trans-European Transport Network (TEN-T) corridors and make the mobility of cities better. Various countries of this region focus on building projects which will improve the delivery of goods, reduce congestion, and connect ports, industrial areas, and neighboring countries.
• In continuation, the EU still promotes transport infrastructure development via the CEF (Connecting Europe Facility). The new TEN-T Regulation, adopted in 2024, sets new rules regarding standardization and timetables for creating an effective and sustainable transport system until 2030, 2040, and 2050. Furthermore, due to the RRF (Recovery and Resilience Facility), several Member States could speed up the investment in the infrastructure of the transport sector that enhances competitiveness and regional integration. Thus, there are still many chances for highway widening, bridge reconstruction, and intelligent transport infrastructure in Europe.

Germany market is growing quickly in Europe, with a CAGR of 3.3% between 2026 and 2035.

• The Federal Government has continued to support the market through the Federal Transport Infrastructure Plan (Bundesverkehrswegeplan) and the federal transport budget every year, with the Autobahn GmbH des Bundes taking charge of the large-scale modernization of motorways and bridge construction programs. After the increasing concern about the age of the country's bridges, Germany has increased the amount of investment in the renovation of structurally vital bridges and congested stretches of the motorways.
• Among the most recent announcements is the EUR 450 million upgrade of the A59 road and construction of a completely renovated interchange on the A40 in Duisburg awarded by Autobahn GmbH to a HOCHTIEF-led consortium. The works are set to begin in January 2026 and will be completed until autumn 2029 without interruption of traffic operations. The project implies the widening of almost two kilometers of the A59 to six lanes and replacing five bridges crossing the Ruhr River, the Rhine-Herne Canal, Duisburg harbour basin, the multi-track Deutsche Bahn rail line and the city park.

The Asia Pacific region is expected to grow at the fastest CAGR of 5.6% between 2026 and 2035 in the highway, street, and bridge construction market.

• Asia Pacific constitutes the largest and fastest growing regional component of the global market for highway, street, and bridge construction, with 41.6% share of market value in 2025, with China constituting 51.8% share of the region. The Chinese 14th Five Year Plan has earmarked expressway construction as one of the essential infrastructure deliverables, and the NDRC is continuing its efforts to coordinate development of corridors across provinces, while China Communications Construction and China State Construction are implementing their highway and bridge construction program simultaneously in Southeast Asia, South Asia, Africa, and the Middle East under the Belt and Road Initiative.
• According to the Asian Transport Observatory, East and South Asia would together constitute 74% of total global infrastructure investment requirements for transport during the period 2020-2035. There is an essential contribution by India to the growth of the region. NHAI has listed 124 national highway projects spanning 6,376 km, which are to be awarded in 2025-26, worth Rs 3.45 lakh crore (approx. USD 41 billion). The USD 120 billion investment for highways planned by the country in Northeast constitutes the most crucial greenfield construction effort at the sub-regional level.

China is estimated to grow with a CAGR of 5% in the projected period between 2026 and 2035, in the Asia Pacific market.

• Government policies and strategic infrastructure development remain the key drivers for growth in the market. According to the 14th Five-Year Plan (2021-2025) of China, the country's government plans to build a modern transport system that will include developments in expressways, national highways, intelligent roads, and integrated transportation networks. The MOT of China has continued its efforts to build quality transportations that will involve improvements in connectivity and integration of infrastructure and digitization.
• The planning of the national comprehensive three-dimensional transportation network (2021-2035) will seek to improve the integrated transportation networks through improved intercity connectivity and logistics corridors. Recent investments have been concentrated in the western and central parts of China to minimize differences in infrastructure across the regions.

Brazil is estimated to grow with a CAGR of 3.8% between 2026 and 2035, in the Latin America highway, street, and bridge construction market.

• The roads are responsible for carrying the bulk of cargo movements in Brazil, hence making it very necessary to develop and rehabilitate roads for competitive reasons. This market is mainly served by investment in national highways, regional roads, urban transport projects, and logistics corridors linking agro-production areas to industrial and port locations. There are demands for highway concession, asphalt rehabilitation, bridges, and development of infrastructure in regions that have agribusiness and mining.
• Government policies are still important in the development of this market. The Brazilian Ministry of Transport has emphasized infrastructure development through highway concession projects as well as PPPs which will facilitate private investment in road developments and maintenance projects. The PNLT and other federal infrastructure programs are expected to address logistics issues through highway upgrade and removal of transport bottlenecks.

Saudi Arabia to experience substantial growth in the Middle East and Africa market in 2025.

• The government policies of Saudi Vision 2030 and the National Transport and Logistics Strategy (NTLS) are key factors behind market growth. NTLS intends to transform Saudi Arabia into one of the most prominent global logistics centers through better transport connectivity, greater efficiency of infrastructure, and integration of road, rail, air, and sea networks. Ministry of Transport and Logistic Services (MOTLS) is committed to investing in highways, road safety, and transport infrastructure development. Infrastructure development linked to urban development projects such as NEOM, Riyadh development projects, and tourism sectors is creating a requirement for modern road networks and bridges.

Highway, Street, and Bridge Construction Market Share

The top 7 companies in the market are ACS, Balfour Beatty, China Communications Construction, Larsen & Toubro (L&T), Skanska, Strabag and VINCI 3% of the market in 2025.

• ACS  provides highway, street, and bridge construction services consisting of road construction, bridge construction, civil infrastructure construction, and transportation infrastructure. These services include construction, rehabilitation, structural engineering, paving, earthworks, and other similar civil infrastructure constructions.
• Balfour Beatty offers highway, street, and bridge construction services that consist of road construction, bridge construction, interchange construction, paving, structural engineering, and transportation infrastructure. Rehabilitation, maintenance, and civil engineering of transport networks are included in its service portfolio as well.
• China Communications Construction  provides highway, street, and bridge construction services that consist of expressways, urban roads, bridges, tunnels, and other transportation infrastructures. It includes engineering, construction, structural engineering, foundation engineering, and rehabilitation of civil infrastructures in its service portfolio.
• Larsen & Toubro (L&T) provides highway, street, and bridge construction services that consist of expressways, flyovers, bridges, road corridors, interchanges, and other transportation infrastructure. Engineering, construction, paving, structural engineering, and rehabilitation of civil infrastructure are offered in its service portfolio.
• Skanska offers construction of highways, streets, and bridges including road infrastructures, bridge engineering, paving construction, structural engineering, and transportation network development. Its services cover new construction, reconstruction, rehabilitation, earthworks, drainage facilities, and civil engineering services.
• Strabag offers construction of highways, streets, and bridges including road construction, bridge engineering, paving construction (asphalt, concrete), transportation infrastructures development, and civil engineering works. It also covers rehabilitation, maintenance, earthworks, and structural infrastructures construction in both the public and private sector.
• VINCI offers construction of highways, streets, and bridges including road infrastructures, bridges, tunnels, interchanges, paving works, and transportation network development. It covers engineering, construction, rehabilitation, maintenance, and civil engineering works for surface transportation infrastructures.

Highway, Street, and Bridge Construction Market Companies

Major players operating in the market are:

• ACS 
• Balfour Beatty
• Bechtel
• Bouygues Construction
• China Communications Construction
• Kiewit Corporation
• Larsen & Toubro (L&T)
• Skanska
• Strabag
• VINCI

• Highway and bridge construction operations of the VINCI Construction group are carried out through Eurovia (road construction and materials) and VINCI Construction's civil and structural division. The company is not limited to its home country and continually expands on an international level.
• China Communications Construction Group (CCCG) acts as China's main state-owned entity conducting highway, bridge, and port construction operations both in and outside of China. Construction operations of the group rely heavily on China's ongoing expressway expansion program and BRI projects in Asia, Africa, and Latin America.
• The ACS covers highway, bridge, and civil construction through its Hochtief, Flatiron, and Dragados divisions. Additionally, the ACS Group covers highway, street, and bridge construction through its IRIDIUM infrastructure investment division.
• The Strabag group is Central Europe's leading construction group with the leading market position in Germany, Austria, Poland, and the Czech Republic. Road construction operations of the Strabag group benefit greatly from constant public investments in the construction of new Autobahn infrastructure and from an increasing pipeline of rehabilitation works resulting from aging infrastructure in Central and Eastern European highway network.
• Skanska focuses on the Nordic markets, the United Kingdom, and the United States, where its sustainability performance credentials and integrated design-build capabilities support strong positioning on environmentally progressive public infrastructure contracts.

Highway, Street, and Bridge Construction Industry News

• In Feb 2026, ACS Group, through its ACS Infra (IRIDIUM) and Flatiron–Dragados platforms in partnership with Kiewit Development Company and Meridian, was shortlisted by the North Carolina Department of Transportation (NCDOT) to advance to the next procurement phase for the I-77 South Express Lanes project in Mecklenburg County, an approximately USD 3.2 billion managed express lane addition covering 11 miles of I-77 from the South Carolina state line to I-277/N.C. 16.
• In Jan 2026, L&T won a significant order for an Extradosed Cable-Stayed Bridge over the Muri Ganga River in South 24 Parganas, West Bengal. L&T's scope covers a 2+2 lane, 3.2 km structure with a 177-meter maximum span, along with 1.55 km of approach roads and advanced infrastructure including a Bridge Health Monitoring System, Architectural Bridge Lighting, Hybrid Street Lighting, and Advanced Traffic Management Systems.
• In Dec 2025, HOCHTIEF was awarded a contract by federally owned Autobahn GmbH to expand the A59 highway in Duisburg to six lanes over approximately two kilometers and to renew the associated A40 highway interchange ("Berliner Brückenzug"). The contract, valued at approximately EUR 450 million, was awarded to a HOCHTIEF-led joint venture.
• In Dec 2025, L&T won an order for the Hyderabad Greenfield Radial Road (Phase 2) in Ranga Reddy district, a 22.3 km, 3+3 lane access-controlled radial road incorporating a 3.6 km viaduct, minor bridges, underpasses, culverts, service roads, storm water drainage, and cycling and pedestrian infrastructure.
• In Jul 2025, VINCI was awarded three construction contracts in Australia totaling EUR 431 million, covering construction of the Coomera Connector's southern section in Gold Coast (Queensland), renovation of a road and bridge in Moreton Bay (Queensland), and design-and-build of the M5 Motorway Westbound Upgrade in Sydney (New South Wales).

The highway, street, and bridge construction market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) from 2022 to 2035, for the following segments:

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Market, By Construction

• Highways Construction
  • National Highways & Interstate Corridors
  • Expressways & Freeways
  • Airport Runways & Taxiways
  • Rural & Secondary Roads 
• Street Construction
• Bridge Construction
  • Beam Bridge
  • Truss Bridge
  • Arch Bridge
  • Suspension Bridge
  • Cable-Stayed Bridge
  • Others

Market, By Material

• Asphalt
  • Hot-Mix Asphalt (HMA)
  • Warm-Mix Asphalt (WMA)
  • Recycled Asphalt Pavement (RAP)
  • Cold Mix & Specialty Asphalt
• Steel  
  • Carbon Steel
  • Weathering Steel (Corten)
  • High-Strength Low-Alloy (HSLA) Steel
  • Stainless & Specialty Steel
• Concrete  
  • Reinforced Concrete (RC)
  • Prestressed Concrete (PC)
  • Ultra-High-Performance Concrete (UHPC)
• Composite Materials
  • Steel-Concrete Composites
  • Fiber-Reinforced Polymer
• Others

Market, By Project

• New Construction
• Reconstruction & Rehabilitation
• Repair & Maintenance
• Expansion/widening

Market, By End-Use

• Government & Public Sector
  • Federal / National Agencies
  • State / Provincial Governments
  • Municipal Authorities
  • Defense & Military
• Private Sector
  • Private Infrastructure & Toll Road Operators
  • Industrial & Mining Facility Owners
  • Real Estate & Commercial Developers
• Others

The above information is provided for the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Thailand
  • Vietnam
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE