US$548 billion for road maintenance

Up to US$548 billion will be used for road maintenance worldwide.
By MJ Woof January 22, 2025 Read time: 1 min
The value of the world’s road maintenance market continues to grow as urbanisation and road construction continues around the globe - image courtesy of Mike Woof



Road maintenance works are expected to continue to grow in value around the world. Estimates suggest that the global market for road upgrades was worth US$548 billion in 2022, growing to $572.85 billion in 2023.

A continued growth in the value of road maintenance is expected around the world, climbing 4.52% and reaching a total of $852.5 billion by 2032. The data comes from a report published by Market Research Future. 

The increasing global value of the road maintenance sector comes from the increased numbers of roads being constructed around the world as the move towards urbanisation increases.

The upcoming bauma 2025 exhibition in Munich, Germany in April of this year is expected to be a launchpad for a range of construction machinery manufacturers focussing on road repair equipment. These will include Ammann, the Fayat Group and the Wirtgen Group. The bauma exhibition is world’s largest trade fair for construction machinery and will be held in Munich from April 7 to 13, 2025.

 

 

Maintenance

For more information on companies in this article

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