The aggregate in road construction global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aggregate In Road Construction Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
aggregate in road construction market size has grown rapidly in recent
years. It will grow from $735.36 billion in 2023 to $828.16 billion in
2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the
historic period can be attributed to increasing urbanization, growing
population, increasing economic development, growing industrialization,
and rising vehicle ownership.
The aggregate in road construction market size is expected to see rapid growth in the next few years. It will grow to $1339.87 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to smart city initiatives, stricter environmental regulations, rising adoption of green construction, growth in public-private partnerships, and urban densification trends. Major trends in the forecast period include greater automation in construction processes, growth of 3D printing technologies in road building, smart road infrastructure integration, expansion of electric vehicle charging networks, and a focus on reducing carbon emissions in construction.
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Scope Of Aggregate In Road Construction Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aggregate In Road Construction Market Overview
Market Drivers -
The
increasing road transportation is expected to propel the growth of the
aggregate in road construction market going forward. Road transportation
refers to the movement of people and goods using vehicles on roads. It
encompasses a wide range of transportation modes and vehicles. Road
transportation is increasing due to more people owning cars,
technological advances, improvements in road infrastructure,
urbanization, policy and regulation, and the higher demand for quickly
delivering goods as cities grow. Aggregate in road construction enhances
road durability, load-bearing capacity, and overall infrastructure
quality, enabling the development of more extensive and efficient road
networks. For instance, in May 2024, according to statistics published
by the Department for Transport UK-based government department, between
2022 and 2023, car traffic on Great Britain’s ‘A’ roads increased by
3.3% to 111.6 billion vehicle miles, while van traffic rose by 1.0% to
24.3 billion vehicle miles. Therefore, the increasing road
transportation is driving the growth of the aggregate in road
construction market.
Market Trends -
Major companies operating
in the aggregate in road construction market are focusing on developing
innovative products such as carbon-neutral asphalt material to support
Aggregate Industries' goal of reducing emissions and achieving net-zero
construction. Carbon-neutral asphalt material is a type produced that
eliminates or offsets carbon emissions, making its overall environmental
impact net zero in terms of carbon dioxide. For instance, in March
2024, AGGREGATE Industries, a UK-based construction and building
materials company, launched Foamix Eco. This carbon-neutral, cold-lay
asphalt is made with a high percentage of recycled materials, reducing
reliance on virgin resources and minimizing energy consumption during
production. Its use of on-site recycling, reduced HGV movements, and
lower carbon footprint makes it a cost-effective, eco-friendly solution
that contributes to achieving net zero construction goals.
The aggregate in road construction market covered in this report is segmented –
1) By Type: Granite, Sand, Gravel, Limestone, Crushed Rock, Other Types
2) By Application: Highway Construction, Railway Construction, Other Applications
3) By End-User: Government, Private Contractors, Public-Private Partnership
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Regional Insights -
North
America was the largest region in the aggregate in road construction
market in 2023. The regions covered in the aggregate in road
construction market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
Key Companies -
Major
companies operating in the aggregate in road construction market are
Holcim Group, CRH plc, CEMEX S.A.B. de C.V., Vulcan Materials Company,
Terex Corporation, Buzzi S.p.A., Arcosa Inc., Boral Limited, Breedon
Group plc, LSR Group, Adbri Limited, Rogers Group Inc., Carmeuse,
Norlite LLC, Eagle Materials Inc., Sully-Miller Contracting Co., Titan
America LLC, Stalite Lightweight Aggregate, Salt River Materials Group,
Liapor Group, Okanagan Aggregates, Wharehine Construction, Rock Road
Companies Inc.
Table of Contents
1. Executive Summary
2. Aggregate In Road Construction Market Report Structure
3. Aggregate In Road Construction Market Trends And Strategies
4. Aggregate In Road Construction Market – Macro Economic Scenario
5. Aggregate In Road Construction Market Size And Growth
…..
27. Aggregate In Road Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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