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Road Construction Market Size, Share and Forecast 2026-2036

The global road construction market is worth USD 1.5 tn in 2026 and is forecast to reach USD 2.6 tn by 2036, growing at a 5.5% CAGR. China is the largest country market and New construction is the largest by work type segment.

USD 1.5 tnMarket size 2026
USD 2.6 tnForecast 2036
5.5%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global road construction market is worth USD 1.5 tn in 2026 and is forecast to reach USD 2.6 tn by 2036, growing at a 5.5% CAGR. China is the largest country market and New construction is the largest by work type segment.

ScopeValue of road construction work: new highways, roads, urban streets, resurfacing and rehabilitation, including contractor revenue for earthworks, paving and road structures but excluding bridges and tunnels.
IndustryServices and Utilities
Value 2025USD 1.4 tn
Value 2026USD 1.5 tn
Value 2036USD 2.6 tn
CAGR 2026-20365.5%
Volume 20261,138 thousand lane-kilometres
Volume 20361,594 thousand lane-kilometres
Average price 2026USD 1,345,000 per lane-kilometre
Report priceStarts from USD 1,999
PublishedNovember 2026

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Road Construction market size and forecast, 2026-2036

Exhibit 1The global road construction market is forecast to grow from USD 1.5 tn in 2026 to USD 2.6 tn by 2036, a rise of 71%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.5%
Road Construction market value, 2025 to 2036Market value by year. 2025: USD 1.4 tn; 2026: USD 1.5 tn; 2027: USD 1.6 tn; 2028: USD 1.7 tn; 2029: USD 1.8 tn; 2030: USD 1.9 tn; 2031: USD 2.0 tn; 2032: USD 2.1 tn; 2033: USD 2.2 tn; 2034: USD 2.3 tn; 2035: USD 2.5 tn; 2036: USD 2.6 tn. Compound annual growth rate 2026 to 2036: 5.5%.20251.5 tn20262.0 tn20312.6 tn20365.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 1.5 tn
2027USD 1.6 tn
2028USD 1.7 tn
2029USD 1.8 tn
2030USD 1.9 tn
2031USD 2.0 tn
2032USD 2.1 tn
2033USD 2.2 tn
2034USD 2.3 tn
2035USD 2.5 tn
2036USD 2.6 tn

Road Construction market segmentation

By work type

Exhibit 2New construction is the largest segment by work type, with 44.0% of 2026 revenueEstimated share of 2026 global revenue, by work type
Road Construction market share by work type, 2026Share of 2026 revenue by work type. New construction: 44.0%; Rehabilitation and resurfacing: 36.0%; Maintenance: 20.0%.New construction44.0%Rehabilitation and resurfacing36.0%Maintenance20.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
New construction44.0%41.7%USD 673 bn4.9%
Rehabilitation and resurfacing36.0%37.5%USD 551 bn5.9%
Maintenance20.0%20.8%USD 306 bn5.9%

By road type

Exhibit 3Highways and expressways adds the most revenue by road type, growing from USD 520 bn in 2026 to USD 921 bn by 2036Estimated revenue in USD by road type, 2026 and 2036 forecast
Road Construction market by road type, 2026 and 2036Revenue by road type in 2026 and 2036. Highways and expressways: USD 520 bn in 2026, USD 921 bn in 2036, change +77%; Urban roads and streets: USD 459 bn in 2026, USD 775 bn in 2036, change +69%; Rural roads: USD 367 bn in 2026, USD 620 bn in 2036, change +69%; Other: USD 184 bn in 2026, USD 296 bn in 2036, change +61%.20262036 forecastChangeHighways and expressways+77%520 bn921 bnUrban roads and streets+69%459 bn775 bnRural roads+69%367 bn620 bnOther+61%184 bn296 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Highways and expressways34.0%35.3%USD 520 bn5.9%
Urban roads and streets30.0%29.7%USD 459 bn5.4%
Rural roads24.0%23.7%USD 367 bn5.4%
Other12.0%11.3%USD 184 bn4.9%

By material

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Asphalt60.0%60.8%USD 918 bn5.6%
Concrete30.0%30.4%USD 459 bn5.6%
Gravel and other10.0%8.8%USD 153 bn4.1%

By funding source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Public budgets68.0%63.0%USD 1.0 tn4.7%
Public-private partnerships and concessions18.0%21.0%USD 275 bn7.1%
Multilateral loans and aid14.0%16.0%USD 214 bn6.9%

By procurement method

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Design-bid-build54.0%46.0%USD 826 bn3.8%
Design-build30.0%34.0%USD 459 bn6.8%
EPC and concession delivery16.0%20.0%USD 245 bn7.9%

Top 25 countries for road construction by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 75.0% of 2026 revenue and the 25 countries below together hold 93.5%.

Exhibit 4China is the largest country market at USD 398 bn in 2026, and the three largest countries hold 55.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Road Construction market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 398 bn, 26.0%; United States: USD 275 bn, 18.0%; India: USD 168 bn, 11.0%; Japan: USD 61.2 bn, 4.0%; Brazil: USD 53.5 bn, 3.5%; Indonesia: USD 45.9 bn, 3.0%; Russia: USD 45.9 bn, 3.0%; Germany: USD 38.2 bn, 2.5%; Saudi Arabia: USD 30.6 bn, 2.0%; Mexico: USD 30.6 bn, 2.0%.China398 bn 26.0%United States275 bn 18.0%India168 bn 11.0%Japan61.2 bn 4.0%Brazil53.5 bn 3.5%Indonesia45.9 bn 3.0%Russia45.9 bn 3.0%Germany38.2 bn 2.5%Saudi Arabia30.6 bn 2.0%Mexico30.6 bn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 398 bn26.0%USD 614 bn4.4%
2United StatesUSD 275 bn18.0%USD 444 bn4.9%
3IndiaUSD 168 bn11.0%USD 395 bn8.9%
4JapanUSD 61.2 bn4.0%USD 78.4 bn2.5%
5BrazilUSD 53.5 bn3.5%USD 99.3 bn6.4%
6IndonesiaUSD 45.9 bn3.0%USD 99.3 bn8.0%
7RussiaUSD 45.9 bn3.0%USD 65.3 bn3.6%
8GermanyUSD 38.2 bn2.5%USD 52.3 bn3.2%
9Saudi ArabiaUSD 30.6 bn2.0%USD 65.3 bn7.9%
10MexicoUSD 30.6 bn2.0%USD 52.3 bn5.5%
11FranceUSD 29.4 bn1.9%USD 47.6 bn4.9%
12United KingdomUSD 29.4 bn1.9%USD 47.6 bn4.9%
13CanadaUSD 28.8 bn1.9%USD 46.5 bn4.9%
14AustraliaUSD 24.5 bn1.6%USD 39.7 bn5.0%
15TurkeyUSD 21.7 bn1.4%USD 38.7 bn5.9%
16EgyptUSD 19.6 bn1.3%USD 35.0 bn6.0%
17South KoreaUSD 18.1 bn1.2%USD 29.3 bn5.0%
18ItalyUSD 16.7 bn1.1%USD 26.9 bn4.9%
19ThailandUSD 15.8 bn1.0%USD 28.2 bn6.0%
20VietnamUSD 14.8 bn1.0%USD 29.0 bn6.9%
21PakistanUSD 14.1 bn0.9%USD 25.1 bn6.0%
22NigeriaUSD 13.5 bn0.9%USD 24.0 bn6.0%
23PhilippinesUSD 12.8 bn0.8%USD 23.0 bn6.0%
24South AfricaUSD 12.2 bn0.8%USD 19.9 bn5.0%
25ArgentinaUSD 11.8 bn0.8%USD 19.1 bn4.9%
Rest of worldUSD 99.4 bn6.5%USD 169 bn5.4%
Exhibit 5India and China account for 41% of the USD 1.1 tn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Road Construction market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 1.5 tn. India: +USD 226 bn; China: +USD 216 bn; United States: +USD 169 bn; Indonesia: +USD 53.4 bn; Brazil: +USD 45.8 bn; 20 other countries: +USD 304 bn; Rest of world: +USD 69.1 bn. Market value 2036: USD 2.6 tn.Market value 20261.5 tnIndia+226 bnChina+216 bnUnited States+169 bnIndonesia+53.4 bnBrazil+45.8 bn20 other countries+304 bnRest of world+69.1 bnMarket value 20362.6 tn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • China Communications Construction
  • China State Construction Engineering
  • VINCI
  • Bouygues
  • ACS Group
  • Skanska
  • China Railway Construction Corporation
  • China Railway Group
  • Hochtief

Group 2: Regional and specialist players

  • STRABAG
  • Eiffage
  • Sacyr
  • Kiewit
  • Larsen & Toubro
  • Colas
  • Balfour Beatty
  • Taisei
  • Hyundai Engineering & Construction
  • NCC

Group 3: Emerging and niche players

  • Granite Construction
  • Webuild
  • Ferrovial
  • Fulton Hogan
  • Downer Group
  • Heijmans
  • Tarmac

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the road construction market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.

The market is divided by work type, by road type, by material, by funding source, by procurement method. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the road construction market?

The global road construction market is estimated at USD 1.4 tn in 2025 and USD 1.5 tn in 2026.

How fast will the road construction market grow?

It is forecast to reach USD 2.6 tn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 1.1 tn.

Which country is the largest market for road construction?

China is the largest market by revenue at USD 398 bn in 2026, 26.0% of the global total. The three largest countries together hold 55.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 8.9% a year from 2026 to 2036.

Which road construction segment is largest?

In the by work type split, New construction is the largest segment with 44.0% of 2026 revenue.

Who are the leading road construction companies?

Global leaders include China Communications Construction, China State Construction Engineering, VINCI, Bouygues.

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