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

Increased infrastructure investments globally are likely to encourage innovation in highway, street, and bridge-building manufacturing, propelling the market throughout the forecast period.

The global highway, street, and bridge construction market is expected to grow from $855.12 billion in 2022 to $911.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The global highway, street, and bridge construction market size is expected to reach $1121.41 billion in 2027 at a CAGR of 5.3%.

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Global Highway, Street, And Bridge Construction Market Segments Include:

• By Type: Highway, Street, Bridge
• By Construction Type: New Construction, Reconstruction And Repair
• By Funding: Government Funding, Private Funding
• 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 highway, street, and bridge construction market in 2021.

Major Market Players in the highway, street, and bridge construction market include ACS Group S.A., AECOM, Balfour Beatty Plc, China Communications Construction Company Limited, China Railway Group Ltd., Fluor Corporation, Kiewit Corporation.

Technological developments are a prominent trend in the highway, street, and bridge construction markets. To increase their market position, major highway, street, and bridge building businesses are focusing on developing and integrating cutting-edge technology in highway, street, and bridge construction. For example, MX3D, a Netherlands-based software business that develops robotic 3D metal printing technology, built and debuted a 12-meter-long 3D-printed pedestrian streetsmart bridge’ in Amsterdam in July 2021. The bridge was constructed out of stainless steel rods with the help of six-axis robotic arms furnished with welding equipment and four commercially accessible industrial robots. The company equipped common industrial robots with tools made specifically for them and developed the software to control them. The novel technique allows the company to 3D-print metal structures that are strong, detailed, and graceful.

The Highway, Street, And Bridge Construction Global Market Report 2023  provides a highway, street, and bridge construction market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The highway, street, and bridge construction market forecast analyzes highway, street, and bridge construction market size, highway, street, and bridge construction 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.

Highway, street, and bridge construction are examples of infrastructure projects that include design, building, and maintenance. These constructions are critical to the country’s overall economy since they entail infrastructure repairs, recovery, maintenance, and building.

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