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Up to US$548 billion will be used for road maintenance worldwide.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. The increasing global value of the road maintenance sector comes from the increased numbers of roads being constructed around the world as the move towards urbanisation increases. The upcoming bauma 2025 exhibition in Munich, Germany in April of this year is expected to be a launchpad for a range of construction machinery manufacturers focussing on road repair equipment. These will include Ammann, the Fayat Group and the Wirtgen Group. The bauma exhibition is world’s largest trade fair for construction machinery and will be held in Munich from April 7 to 13, 2025. |
