Global bridges Market
Construction

Global Bridges Market Report 2024: Size, Drivers, And Top Segments

The bridges market has demonstrated robust growth, ascending from$118.56 billion in 2023 to$126.41 billion in 2024, reflecting a steady CAGR of 6.6%, driven primarily by governmental investments and urbanization trends. Projections suggest continued growth, with the market expected to reach$164.69 billion by 2028, growing at a CAGR of 6.8%. This growth is attributed to the emphasis on sustainable infrastructure and the adoption of advanced construction materials. Key trends influencing this market include the rise of public-private partnerships and the adoption of modular construction techniques.

An increase in infrastructure developments globally is expected to propel the growth of the bridges market, with infrastructure encompassing physical and organizational structures necessary for societal and enterprise operations. This includes constructions such as buildings, roads, power supplies, and bridges, crucial for managing increasing traffic demands. Notably, investments in infrastructure development are on the rise, as evidenced by FDI investments in construction and development infrastructure, projected to escalate from $17.22 billion in 2020 to an anticipated $1.4 trillion by the end of 2023, thereby bolstering the growth prospects of the bridges market.

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What Are The Key Trends That Influence 3D IC And 2.5D IC Packaging Market Share Analysis?

Major companies in the bridges market are developing AI-based construction solutions to gain a competitive edge. These solutions utilize artificial intelligence algorithms to enhance efficiency, safety, and precision in bridge construction projects. For instance, in November 2022, Disperse.io, a UK-based construction technology company, launched Impulse, an AI-powered tool for construction planning and project management. Impulse uses 360° site scans captured within Disperse.io’s platform to highlight and address issues, integrating performance insights into building elevations and allowing project managers to identify incomplete work or inconsistencies. This tool provides valuable insights, tracking issues using photographic documentation, coordinating drawings and construction schedules, and facilitating more informed project decisions.

Which Market Players Are Driving Growth In The Bridges Market?

Major companies operating in the market are ACS Actividades de Construcción y Servicios S.A., AECOM Technology Corporation, Balfour Beatty plc, China Communications Construction Company Limited, China Railway Group Limited, Fluor Corporation, Hochtief Aktiengesellschaft, Kiewit Corporation, Samsung C&T Corporation, VINCI S.A., Sanford Contractors Inc., Precon Smith Construction Inc., Brennan Industries Inc., Milbocker & Sons Inc., WSP Global Inc., Bouygues Construction, Bechtel Corporation, Skanska AB, Larsen & Toubro Limited, Obayashi Corporation, Salini Impregilo S.p.A., Koninklijke BAM Groep nv (Royal BAM Group), Ferrovial S.A., JFE Engineering Corporation, T.Y. Lin International Group, The Lane Construction Corporation, COWI A/S, KBR Inc., The Walsh Group Ltd., HNTB Corporation, Tutor Perini Corporation, Sundt Construction Inc., Graham Construction & Engineering LP, PCL Construction Enterprises Inc.

How Is The Global Bridges Market Segmented?

The bridges market covered in this report is segmented –

1) By Type: Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge
2) By Material: Steel, Concrete, Composite Material
3) By Application: Road and Highway, Railway

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The Bridges Global Market Report 2024 provides an overview of the bridgesmarket 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 and their market positions.

The Table Of Content For The Bridges Market Include

1. Bridges Market Executive Summary
2. Bridges Market Segments
3. Bridges Market Size And Template Market Growth Rate
4.  Key Bridges Market Trends
5. Major Bridges Market Drivers
……
25. Key Mergers And Acquisitions In The Bridges Market
26. Top Bridges Companies
27. Bridges Market Opportunities And Strategies
28. Bridges Market, Conclusions And Recommendations
29. Appendix

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