RAPIDLY INCREASING INFRASTRUCTURE DEVELOPMENT

 

 

Rapidly increasing infrastructure development and improving the condition of roads across the globe is a key factor expected to drive growth of the global market over the forecast period.

In addition, ongoing projects – smart city development and immigration of rural population to urban areas which in turn is increasing construction of new roads across various countries are some other factors expected to further fuel growth of the target market over the forecast period.

Moreover, technological development in construction of over sea bridges and increasing demand for high-quality road infrastructure are some other factors expected to propel growth of the target market over the forecast period.

Furthermore, increasing international sports activities across the globe and increasing government initiatives and spending for repairing and maintaining rural and urban road is another factor expected to boost growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing government focus towards road safety and maintenance, which in turn is expected to support growth of the target market over the forecast period.

Increasing manufacturers focus towards development of innovative products and increasing collaboration and acquisition activities for improving company’s product portfolio are some other factors expected to create potential revenue opportunities for players operating in the target marker over the forecast period.