Analyzing the road infrastructure maintenance in the UK from 2013 to 2023 reveals a general declining trend. In 2013, expenditures stood at 3.1454 billion euros, decreasing to 1.7457 billion euros by 2023, representing a significant reduction in investment. Key highlights include a substantial year-on-year drop of 20.81% in 2016 and a persistent decline from 2021 to 2023, showcasing an ongoing reduction in maintenance investments.
The Compound Annual Growth Rate (CAGR) for the past five years stands at -5.62%, indicating an average yearly decline in maintenance spending. Forecasts from 2024 to 2028 predict continued reductions, with the 2028 expenditure expected at 1.1171 billion euros, marking a 30.77% decrease from 2023 values and a -7.09% forecasted CAGR over the five-year period.
Future trends to watch for include potential impacts of rising costs of raw materials, funding reallocations, or increased public scrutiny and demand for better road infrastructure, all influencing the investment patterns in maintenance. Monitoring government policy changes and technological advancements may also provide critical insights into future maintenance strategies.
