Rapid evolution of transportation networks is transforming the global road infrastructure market, projected to reach USD 1.5 trillion in 2024 and expand steadily at a CAGR of 3% through 2032. This sector spans highway development, urban road networks, expressways, bridges, and smart mobility systems, with an increasing focus on intelligent transportation systems (ITS) and EV-ready highways. Regional trends reveal Asia-Pacific as a growth hotspot, led by China and India, while North America and Europe are prioritizing infrastructure modernization, AI-driven traffic solutions, and smart city integrations. Governments and private stakeholders are emphasizing climate-resilient roads, green highways, and sustainable construction technologies, driving innovation and long-term infrastructure resilience.
Road Infrastructure overview
Published by MMR Statistics Research Team, Updated