Global Bridges Market Trends
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Global Bridges Market Size, Drivers, Trends, Opportunities And Strategies – Includes Bridges Market Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

An increase in infrastructure developments across the globe are expected to drive innovation in bridges manufacturing, thus driving the market during the forecast period.

 

The global bridges market is expected to grow from $110.11 billion in 2022 to $118.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The bridges market size is expected to grow from $155.32 billion in 2027 at a CAGR of 7.0%.

 

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Global Bridges 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 is the largest region in the global bridges market in 2021.

 

Major Market Players in the bridges market include ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd., Fluor, Hochtief AG, Kiewit Corporation.

 

Introducing new technologies in construction is shaping the Bridges market. Major companies operating in the Bridges market are focused on implementing new technologies in Bridges, 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. For instance, the new under-construction arch steel bridge in Bangladesh is constructed with advanced technology in bridge maintenance and management to improve the structural performance of the bridges.

 

The Bridges Global Market Report 2023  provides a bridges market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bridges market forecast analyzes bridges market size, bridges market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

 

Bridges 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 behavior of the bridge.

 

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