The latest report published by IMARC Group, titled “Bridge Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on bridge construction market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global bridge construction market size reached US$ 921.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,243.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.89% during 2023-2028.
Bridge construction involves the process of building structures that span physical obstacles like bodies of water, valleys, or roads, without closing the way underneath. It is a significant part of civil engineering and infrastructure development that encompasses a range of methods, materials, and designs. Characterized by its strength, functionality, and design versatility, bridge construction operates on principles of physics and mathematical analysis to ensure stability and longevity. The process entails the careful selection of materials such as steel, concrete, or timber, and the integration of engineering concepts like tension, compression, and torsion. It incorporates various techniques ranging from arch and beam bridges to suspension and cantilever bridges, providing connectivity, easing transportation, and often adding aesthetic value to landscapes.
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Market Trends:
The global market is primarily driven by the increasing demand for enhanced transportation infrastructure and connectivity. In line with this, the widespread need for replacing aging bridges and enhancing the resilience of existing structures is also providing an impetus to the market. Moreover, the considerable rise in urbanization and population growth is acting as a significant growth-inducing factor for the market. In addition to this, the expanding investment in infrastructure development projects by governments and private entities is resulting in higher engagement in bridge construction. Furthermore, the growing emphasis on sustainable and eco-friendly construction materials and methods is creating lucrative opportunities in the market. Apart from this, collaboration between countries on international connectivity projects and increased investment in public transportation are propelling the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AECOM, Balfour Beatty plc
- Bouygues S.A.
- China Communications Construction Company Limited
- China State Construction Engineering Corporation
- Fluor Corporation
- Kiewit Corporation
- Samsung C&T Corporation
- Strabag SE
- Vinci SA
Bridge Construction Market Segmentation:
Our report has categorized the market based on region, type, material and application.
Breakup by Type:
- Beam Bridge
- Truss Bridge
- Arch Bridge
- Suspension Bridge
- Cable-stayed Bridge
- Others
Breakup by Material:
- Steel
- Concrete
- Composite Materials
Breakup by Application:
- Road and Highway
- Railway
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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