The production value for the construction of roads and motorways in the UK is forecasted to increase from 2024 to 2028, starting at 9.8 billion euros in 2024 and reaching 10.45 billion euros in 2028. The year-on-year growth averaging around 1.5% from 2024 shows a consistent upwards trajectory. Backtracking to 2023, with a noted value of approximately 9.65 billion euros, the compound annual growth rate (CAGR) from 2024 to 2028 is expected to be stable but moderate, reflecting a sustained focus on infrastructure improvements.
Future trends to watch for:
- Emerging technologies like smart road solutions enhancing operational efficiency.
- Government policy shifts impacting investment levels in sustainable infrastructure.
- Economic factors and inflation rates influencing construction costs and timelines.