Global Bridge Construction Market Overview And Prospects – Includes Bridge Construction Market Trends
Learn about the global bridge construction market through The Business Research Company, which provides information on bridge construction market size, bridge construction market drivers and restraints, bridge construction market players, the COVID-19 impact on the bridge construction market, and more.
The global bridge construction market size is expected to grow from $846.44 billion in 2021 to $887.11 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The bridge construction market is expected to grow to $1.10 brillion in 2026 at a CAGR of 5.4%.
An increase in infrastructure developments across the globe is expected to propel the growth of the bridge construction market.
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The bridge construction market consists of sales of bridge construction by entities (organizations, sole traders, and partnerships) that refer to the construction of a structure over a physical obstacle such as water bodies, valleys, and roads, to provide crossing over that obstacle. The common materials used in the construction of bridges include structural steel, reinforced concrete, pre-stressed concrete, or post-tensioned concrete, depending on the structural behaviour of the bridge.
Global bridge construction market segments include:
By Type: Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge
By Material: Steel, Concrete, Composite Material
By Application: Road and Highway, Railway
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the bridge construction market in 2021
Introducing new technologies in construction is shaping the bridge construction market. Major companies operating in the bridge construction market are focused on implementing new technologies in bridge construction, to build bridges better and faster and contribute to longer bridge life. New Technologies like road-rail cable-stayed are used in the construction of new bridges especially bridges constructed on rivers. Further, advanced technologies such as robots, virtual reality and augmented reality technologies are being used to construct bridges at reduced operational cost and reduce the lead time of the projects.
Major Market Players: ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd, Fluor, Hochtief AG, Kiewit Corporation, Samsung CAndT, VINCI, Sanford Contractors, Precon Smith Construction, Brennan, Milbocker and Sons, and WSP.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Bridge Construction Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides bridge construction market overviews, analyzes and forecasts market size, share, bridge construction market players, bridge construction market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s bridge construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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