Up to US$548 billion will be used for road maintenance worldwide.
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.
