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.
| Scope | Value 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. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 1.4 tn |
| Value 2026 | USD 1.5 tn |
| Value 2036 | USD 2.6 tn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 1,138 thousand lane-kilometres |
| Volume 2036 | 1,594 thousand lane-kilometres |
| Average price 2026 | USD 1,345,000 per lane-kilometre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Road Construction market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Road Construction market segmentation
By work type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| New construction | 44.0% | 41.7% | USD 673 bn | 4.9% |
| Rehabilitation and resurfacing | 36.0% | 37.5% | USD 551 bn | 5.9% |
| Maintenance | 20.0% | 20.8% | USD 306 bn | 5.9% |
By road type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Highways and expressways | 34.0% | 35.3% | USD 520 bn | 5.9% |
| Urban roads and streets | 30.0% | 29.7% | USD 459 bn | 5.4% |
| Rural roads | 24.0% | 23.7% | USD 367 bn | 5.4% |
| Other | 12.0% | 11.3% | USD 184 bn | 4.9% |
By material
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Asphalt | 60.0% | 60.8% | USD 918 bn | 5.6% |
| Concrete | 30.0% | 30.4% | USD 459 bn | 5.6% |
| Gravel and other | 10.0% | 8.8% | USD 153 bn | 4.1% |
By funding source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Public budgets | 68.0% | 63.0% | USD 1.0 tn | 4.7% |
| Public-private partnerships and concessions | 18.0% | 21.0% | USD 275 bn | 7.1% |
| Multilateral loans and aid | 14.0% | 16.0% | USD 214 bn | 6.9% |
By procurement method
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Design-bid-build | 54.0% | 46.0% | USD 826 bn | 3.8% |
| Design-build | 30.0% | 34.0% | USD 459 bn | 6.8% |
| EPC and concession delivery | 16.0% | 20.0% | USD 245 bn | 7.9% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 398 bn | 26.0% | USD 614 bn | 4.4% |
| 2 | United States | USD 275 bn | 18.0% | USD 444 bn | 4.9% |
| 3 | India | USD 168 bn | 11.0% | USD 395 bn | 8.9% |
| 4 | Japan | USD 61.2 bn | 4.0% | USD 78.4 bn | 2.5% |
| 5 | Brazil | USD 53.5 bn | 3.5% | USD 99.3 bn | 6.4% |
| 6 | Indonesia | USD 45.9 bn | 3.0% | USD 99.3 bn | 8.0% |
| 7 | Russia | USD 45.9 bn | 3.0% | USD 65.3 bn | 3.6% |
| 8 | Germany | USD 38.2 bn | 2.5% | USD 52.3 bn | 3.2% |
| 9 | Saudi Arabia | USD 30.6 bn | 2.0% | USD 65.3 bn | 7.9% |
| 10 | Mexico | USD 30.6 bn | 2.0% | USD 52.3 bn | 5.5% |
| 11 | France | USD 29.4 bn | 1.9% | USD 47.6 bn | 4.9% |
| 12 | United Kingdom | USD 29.4 bn | 1.9% | USD 47.6 bn | 4.9% |
| 13 | Canada | USD 28.8 bn | 1.9% | USD 46.5 bn | 4.9% |
| 14 | Australia | USD 24.5 bn | 1.6% | USD 39.7 bn | 5.0% |
| 15 | Turkey | USD 21.7 bn | 1.4% | USD 38.7 bn | 5.9% |
| 16 | Egypt | USD 19.6 bn | 1.3% | USD 35.0 bn | 6.0% |
| 17 | South Korea | USD 18.1 bn | 1.2% | USD 29.3 bn | 5.0% |
| 18 | Italy | USD 16.7 bn | 1.1% | USD 26.9 bn | 4.9% |
| 19 | Thailand | USD 15.8 bn | 1.0% | USD 28.2 bn | 6.0% |
| 20 | Vietnam | USD 14.8 bn | 1.0% | USD 29.0 bn | 6.9% |
| 21 | Pakistan | USD 14.1 bn | 0.9% | USD 25.1 bn | 6.0% |
| 22 | Nigeria | USD 13.5 bn | 0.9% | USD 24.0 bn | 6.0% |
| 23 | Philippines | USD 12.8 bn | 0.8% | USD 23.0 bn | 6.0% |
| 24 | South Africa | USD 12.2 bn | 0.8% | USD 19.9 bn | 5.0% |
| 25 | Argentina | USD 11.8 bn | 0.8% | USD 19.1 bn | 4.9% |
| Rest of world | USD 99.4 bn | 6.5% | USD 169 bn | 5.4% |
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.
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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