The road & highway infrastructure market is poised to reach USD 1.99 billion by 2034, growing at over 3% CAGR between 2025 and 2034, according to a report by Fundamental Business Insights and Consulting. The market growth is driven by the increasing demand for efficient transportation networks. As urbanization progresses and populations grow, cities require enhanced road systems to accommodate higher traffic volumes. This growing urban density necessitates the development of new roadways, as well as the expansion and upgrading of existing infrastructures, to facilitate smoother traffic flow and reduce congestion.
Government investments in infrastructure development serve as a key driver of growth. Across the globe, many governments are prioritizing infrastructure upgrades to stimulate economic expansion and improve public safety. Programs like the U.S. Infrastructure Investment and Jobs Act have allocated significant funding for road and highway projects, fueling a rise in constructio