Global Pedestrian Bridge Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The global pedestrian bridge market size is expected to grow from $84.55 billion in 2022 to $90.02 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The pedestrian bridge market is expected to reach $112.67 billion in 2027 at a CAGR of 5.8%.
What will drive the pedestrian bridge market?
Government investments in the development of public infrastructure, such as roads, are expected to propel the growth of the pedestrian bridge market going forward.
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Who are the major players in the market?
Major players in the pedestrian bridge market are Skanska AB, Kiewit Corporation, SNC-Lavalin Group Inc., Arup Group, Contech Engineered Solutions LLC, Mace Group Ltd, Walsh Group Inc.
Which trend is gaining popularity in the pedestrian bridge market?
Technology developments are a key trend gaining popularity in the pedestrian bridge market. Major companies operating in the pedestrian bridge market are focused on developing advanced technologies to meet specific demands and sustain their position in the market.
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How is the pedestrian bridge market segmented?
Global Pedestrian Bridge Market Segments Include:
- By Type: Truss Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Pedestrian Bridges, Arch Bridges
- By Material: Concrete, Steel, Composite, Other Materials
- By Construction Type: New Construction, Reconstruction And Repair
- By End-User: Public, Private, Industrial, Transportation, Parks And Recreational Facilitie
- 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 pedestrian bridge market in 2021.
The Pedestrian Bridge Global Market Report 2023 provides an overview of the pedestrian bridge market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pedestrian bridge market forecast analyzes pedestrian bridge market size, pedestrian bridge market share, leading competitor and their market positions.
A pedestrian bridge is a constructed framework spanning a railway, river, or road, providing a secure passage for individuals or vehicles to cross between two distinct locations. It establishes a connection between separate areas and functions as a transitional space for people transitioning from one environment or activity to another, crucial in facilitating street life.
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