Road Construction Project Insights and Analytics (Q4 2023)
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Road Construction Projects Overview
The road construction projects is valued at $2.94 trillion in Q4 2023, which includes projects from the pre-planning stage to the execution stage. Demand for the construction of road infrastructure is expected to differ regionally this year, with works funded by the Infrastructure Investment and Jobs Act supporting growth in North America and China’s infrastructure investment program driving robust activity in Asia-Pacific.
However, new road construction investment levels in emerging and frontier economies are expected to be constrained by high levels of external debt and the strength of the US Dollar, due to the resulting increase in the servicing costs of dollar-denominated debt. The ongoing conflict between Russia and Ukraine is expected to exert additional downward pressure on new investment levels, particularly in Eastern Europe due to the significant increase of uncertainty within the region.
The road construction projects report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects.
Market Size (Q4 2023) | $2.94 trillion |
Key Regions | · Middle East and North Africa (MENA)
· North America · Northeast Asia · South Asia · Southeast Asia · Western Europe · Eastern Europe · Latin America · Australasia · Sub-Saharan Africa |
Key Funding Mode | · Public
· Private · Public/Private |
Leading Contractors | · Salini Impregilo SpA.
· The Sacyr Group · STRABAG SE · NCC LTD · China Communications Construction Group (Limited) |
Leading Designers and Consultants | · Jacobs Engineering Group Inc
· Empresa de Planejamento e Logistica EPL · Sweco AB · Consitrans · China Communications Construction Group (Limited) |
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Road Construction Projects Regional Segmentation
The key regions in the road construction projects are North America, Northeast Asia, South Asia, Middle East and North Africa (MENA), Southeast Asia, Western Europe, Eastern Europe, Latin America, Australasia, and Sub-Saharan Africa. North-East Asia accounts for the largest share of the road construction projects in 2023.
North-East Asia: The pipeline of road infrastructure construction in North-East Asia remains the largest by value globally, driven by China’s significant project pipeline. The Chinese government continues to invest heavily in public infrastructure development in an attempt to offset the downturn in the real estate sector and weaker industrial activity due to softer external demand. Investment in road infrastructure is expected to remain strong in the short term. Furthermore, South Korea accounts for the second-largest proportion of regional project value. Major projects in the South Korean pipeline include the Seoul-Yangpyeong Expressway development.
North America: Road construction in North America is expected to continue to be driven by the US Infrastructure Investment and Jobs Act (IIJA). As of end-September 2023, the government had announced a significant amount in transportation development projects including roads, bridges, and public transport through the Rebuilding Infrastructure program. However, in the short term, high interest rates, high material costs, a shortage of skilled labour, and volatility in the supply chain, pose downside risks in the form of project delays and cancellations.
Road Construction Projects Analysis, by Regions, 2023 (%)
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Road Construction Projects Segmentation by Funding Modes
The key funding modes for the road construction projects are public, public/private, and private. The public funding mode accounts for the majority share of the road construction projects in 2023. It was followed by public/private mode.
Road Construction Projects Analysis, by Funding Modes, 2023 (%)
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Road Construction Projects – Competitive Landscape
Some of the leading contractors involved in the road construction projects are:
- Salini Impregilo SpA.
- The Sacyr Group
- STRABAG SE
- NCC LTD
- China Communications Construction Group (Limited)
Some of the leading designers and consultants involved in the road construction projects are:
- Jacobs Engineering Group Inc
- Empresa de Planejamento e Logistica EPL
- Sweco AB
- Consitrans
- China Communications Construction Group (Limited)
Road Construction Projects Analysis, by Contractors, 2023 (%)
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Road Construction Projects - Latest Developments
- The Utah Department of Transportation (UDOT) has granted construction company Granite a contract to widen and enhance State Route 108 (SR-108) in Davis County.
- Chelmsford City Council has appointed GRAHAM to design and construct a new bridge and road that will provide access to the new city center neighborhood, Chelmer Waterside. The new single-span bridge has been designed to carry pedestrians, cyclists, and vehicles accessing the new neighborhood.
Road Construction Projects Segmentation
Road Construction Projects Regional Outlook (Value, $ Billion)
- North America
- Northeast Asia
- South Asia
- Middle East and North Africa (MENA)
- Southeast Asia
- Western Europe
- Eastern Europe
- Latin America
- Australasia
- Sub-Saharan Africa
Road Construction Projects Funding Mode Outlook (Value, $ Billion)
- Public
- Public/Private
- Private
Scope
- The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region are listed giving the country, stage, and value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers, and project owners.
Reasons to Buy
- Gain insight into the development of the road buildings construction sector.
- Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Frequently asked questions
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What is the total value of the road construction projects in 2023?
The road construction projects is valued at $2.94 trillion in Q4 2023.
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Which region held the largest share of the road construction projects?
Northeast Asia accounts for the largest share of the road construction projects total pipeline value in 2023.
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Which funding mode held the highest share in the road construction projects?
The public funding mode accounts for the majority share of the road construction projects in 2023.
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Who are the major contractors operating in the road construction projects?
Some of the leading contractors involved in the road construction projects are Salini Impregilo SpA., The Sacyr Group, STRABAG SE, NCC LTD, and China Communications Construction Group (Limited) among others.
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Who are the major designers and consultants operating in the road construction projects?
Some of the leading designers and consultants involved in the road construction projects are Jacobs Engineering Group Inc., Empresa de Planejamento e Logistica EPL, Sweco AB, Consitrans, and China Communications Construction Group (Limited) among others.
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