Roads Market Report 2026

The roads market size has grown steadily in recent years. It will grow from $271.53 billion in 2025 to $281.45 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to growth in national infrastructure spending, reliance on traditional road construction materials, expansion of rural connectivity projects, increasing demand for basic repair and maintenance, development of early highway and bridge networks.

The roads market size is expected to see steady growth in the next few years. It will grow to $331.06 billion in 2030 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increasing focus on sustainable road materials, rising investment in large-scale highway reconstruction, expansion of smart road infrastructure, growing demand for advanced construction machinery, heightened emphasis on long-term road durability. Major trends in the forecast period include increasing construction of bituminous and concrete roads, rising focus on road maintenance and rehabilitation projects, growing development of rural and intercity road networks, expansion of bridge and highway upgradation activities, higher use of advanced machinery such as road rollers and asphalt plants.

The increasing number of vehicles is expected to drive growth in the roads market moving forward. Vehicles, which are machines used to transport people or goods, typically operate on land and are equipped with wheels and engines, such as motor vehicles. Roads are essential for the transportation of these vehicles, making road infrastructure critical for moving people and goods. This growing reliance on vehicles will boost demand for road construction. For example, in 2024, the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, reported that electric car sales in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase. Thus, the increasing number of vehicles is propelling the growth of the roads market.

Leading companies operating in the roads market are prioritizing the development of innovative solutions such as unmanned traffic management platforms to address the increasing need for real-time monitoring, enhanced safety, and faster construction processes in road infrastructure development. Unmanned traffic management systems are cloud-based platforms created to oversee and regulate both manned and unmanned aerial vehicles. Unlike traditional manual monitoring approaches, these systems rely on automation, real-time data analytics, and integrated communication networks to improve oversight and operational efficiency. For example, in February 2023, the Ministry of Road Transport and Highways, a Government of India agency, introduced Skye UTM, an unmanned traffic management system aimed at advancing highway construction monitoring, identifying accident-prone areas, and facilitating autonomous traffic supervision. The platform offers real-time situational awareness, autonomous navigation assistance, risk evaluation tools, and centralized airspace management for drones and other aerial mobility systems. It integrates operations between manned and unmanned aircraft and supports intelligent decision-making in infrastructure development and traffic management.

In September 2024, Construction Partners, Inc., a U.S.-based civil infrastructure company specializing in the construction and maintenance of roads, bridges, airports, and commercial and residential sites, acquired John G. Walton Construction Company, Inc. for an undisclosed amount. This acquisition is intended to enhance Construction Partners, Inc.'s operational capacity, expand its market share in Alabama, and support its strategic growth initiatives in the southeastern U.S. infrastructure sector. John G. Walton Construction Company is a U.S.-based paving and heavy civil contractor that focuses on infrastructure construction services.

Major companies operating in the roads market are Afcons Infrastructure Limited, Dilip Buildcon Limited, Tata Projects Limited, China Communications Construction Company Ltd., Granite Construction Inc., Hunan Road and Bridge Construction Group Co. Ltd., Kiewit Corporation, Lane Construction Corporation, Sichuan Railway Investment Group Co. Ltd., Larsen & Toubro Limited, IRB Infrastructure Developers Limited, H.G. Infra Engineering Limited, NCC Infrastructure Holdings Limited, Muscat Road Construction & Civil Works LLC, PNC Infratech Limited, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Wirtgen GmbH, Dynapac Road Construction Equipment India Pvt. Ltd., The Lane Construction Corporation, JMC Projects Ltd., Gayatri Projects Limited, Hindustan Construction Company Limited, Nagarjuna Construction Company Limited, Bhartia Infra Projects Ltd., Sany Heavy Industry Co. Ltd., Terex Corporation, Liebherr-International AG, Deere & Company, Zoomlion Heavy Industry Science and Technology Co. Ltd., Fayat Group, Wacker Construction Equipment AG, Ammann Group Holding AG, CNH Industrial.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the roads market by increasing costs of imported steel, asphalt binders, construction machinery, and electronic components used in traffic systems, resulting in higher project expenditures across highway, street, and bridge construction. Regions heavily dependent on imported raw materialssuch as North America, Europe, and parts of Asiaface the strongest cost pressures, particularly on large-scale infrastructure upgrades. However, tariffs are also prompting domestic material production and local machinery sourcing, which strengthens supply chain resilience and supports long-term cost stability.

The roads market research report is one of a series of new reports that provides roads market statistics, including roads industry global market size, regional shares, competitors with a roads market share, detailed roads market segments, market trends and opportunities, and any further data you may need to thrive in the roads industry. This roads market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Roads are defined as elongated, narrow paved or smoothed surfaces intended for the use of motor vehicles. They serve the crucial purpose of connecting cities, towns, and villages, facilitating the transportation of cars and people between different locations. The concept of roads encompasses both their design and construction.

The primary categories of roads include highways, streets, and bridges. A highway is a substantial country thoroughfare, employed to delineate a route, whether in a rural or urban environment, where the entry and exit points for vehicles are regulated and restricted. This involves several components, including hardware, software, and services. Various types of construction encompass new construction, reconstruction, and repair.Asia-Pacific was the largest region in the roads market in 2025. The regions covered in the roads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the roads market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The roads market consists of revenues earned by entities by constructing earthen roads, murrum roads, bituminous roads, concrete roads, highway roads, and gravel roads. The market includes new work, additions, alterations, maintenance, and repairs. The market value includes the value of related goods sold by the service provider or included within the service offering. The roads market also includes sales of motor grader, asphalt plant, asphalt paver, and road roller machine which are used in constructing roads. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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