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The road construction and maintenance market size is forecast to increase by USD 214 billion at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth due to increased investments in road and highway infrastructure projects worldwide. Governments and private entities are allocating substantial budgets towards the development and upkeep of roads and highways, driving market growth. Additionally, the adoption of new technologies and materials, such as asphalt mixes with recycled content and intelligent transport systems, is revolutionizing the industry, enhancing road safety and durability. However, the rising cost of construction, including the cost of raw materials and labor, poses a challenge to market growth. Despite this, the market is expected to continue expanding due to the increasing demand for efficient and reliable transportation networks.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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