The Highways Global Market Report 2023, provides comprehensive information on the highways market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/highways-global-market-report
The global highways market size is expected to grow from $407.97 billion in 2022 to $435.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global highways market size is expected to reach $540.62 billion in 2027 at a CAGR of 5.5%.
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Technological advancements are a key trend gaining popularity in the highway market. Companies operating in the highway market are adopting new technologies to sustain their position in the market. For instance, in November 2021, the Vienna government of Austria and Kapsch TrafficCom, an Austria-based provider of transportation solutions for sustainable mobility, launched Traffic Management 2.0. for smart transportation management and traffic management. It is uniquely designed to improve the traffic conditions that help in the CO2 (carbon dioxide) balance saving up to 15% of emissions thereby improving air quality.
The highways market is segmented:
1) By Type: Road Construction And Maintenance, Highway Construction And Maintenance
2) By Component: Hardware, Software, Service
3) By Product Technology: Smart Traffic Management Systems, Smart Transport Management Systems, Monitoring Systems, Communication System
North America was the largest region in the highways market in 2022.
The table of contents in TBRC’s highways market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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