Road & Highway Construction in Canada - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Hit the road: Increased traffic congestion, urbanization and aging road stock will likely further encourage investment in Canada's road network

The Road and Highway Construction industry in Canada builds, expands, alters and reconstructs roads, highways, streets and runways for the public and private sectors. Road and highway construction has benefited government spending on infrastructure, notably through the New Building Canada Plan and Investing in Canada Plan. Disruptions to projects due to the COVID-19 pandemic weighed heavily on industry growth around the middle of the current five-year period. Industry revenue has been declining at a CAGR of 1.2% over the past five years and is expected to reach $15.7 billion in 2023. This includes a 1.3% rise in 2023 alone, reflecting government capital spending increases.

The Road and Highway Construction industry in Canada constructs new highways, streets, roads and airport runways, excluding elevated roadways. The industry also includes highway and street construction management operators and special-trade contractors that perform subcontract work on projects, such as grading, laying pavement, installing guardrails and installing public sidewalks. Operators may subcontract some or all of the actual construction work.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.