Bridge Construction Market by Type (Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-stayed Bridge, and Others), Material (Steel, Concrete, and Composite Material), and Application (Roads & Highway and Railway): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global bridge construction market size was valued at $857.7 billion in 2020, and is projected to reach $1,416.9 billion by 2030, registering a CAGR of 5.0% from 2021 to 2030. A bridge is a structure, which is constructed to span a physical obstacle by offering a passage over the obstacle. There are different types of bridges, such as Beam Bridge, truss bridge, arch bridge, suspension bridge, cable-stayed bridge, and others. The bridge is supported by a pier or abutment at each end. It is the simplest structural form for bridge spans, which is constructed from concrete or steel or a combination of both. Its architecture includes beam-built side by side with a deck at the top, supporting a deck between them. The main beams are I-beams, H-beams, box girders, and trusses.
The factors such as growth of the construction industry and rise in number of vehicles drive the growth of the market. In addition, urban population is projected to rise by 2050; thereby, fueling the demand for bridge construction for transport infrastructure in the near future. Furthermore, surge in standard of living, particularly in the developing countries encourages the repair and renovation of floors, which drives the market growth. However, slow economic activity after Brexit directly affects the market, which in turn is expected to hamper the market growth. Furthermore, the growth in focus on public–private partnerships for infrastructure development around the globe offers lucrative growth opportunities for the market players during the forecast period.
The bridge construction market is classified into type, material, application, and region. By type, the market is categorized into Beam Bridge, truss bridge, arch bridge, suspension bridge, cable-stayed bridge, and others. By material, the market is segmented into steel, concrete, and composite materials. Based on application, the market is bifurcated into road & highway and railway.
By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to growth in urbanization and increase in infrastructure investments.
Competition analysis
The key companies profiled in the report include ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd, Fluor, HOCHTIEF AG, Kiewit Corporation, SAMSUNG C&T, and VINCI.Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the bridge construction market.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current trends, future estimations, and dynamics of the bridge construction market.
In-depth bridge construction market analysis is conducted by estimations for the key segments between 2021 and 2030.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
The market forecast analysis from 2021 to 2030 is included in the report.
The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.
KEY MARKET SEGMENTS
KEY MARKET SEGMENTS
By Type
Beam Bridge
Truss Bridge
Arch Bridge
Suspension Bridge
Cable-Stayed Bridge
Others
By Material
Steel
Concrete
Composite Material
By Application
Road & Highway
Railway
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Norway
Sweden
Poland
Romania
Bulgaria
Turkey
Serbia
Croatia
Netherlands
Belgium
Rest of Europe
Asia-Pacific
China
Japan
India
Philippines
Indonesia
Vietnam
Myanmar
Bangladesh
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Companies
ACS Group
AECOM
Balfour Beatty
China Communications Construction Company Limited
China Railway Group Ltd
Fluor
HOCHTIEF AG
Kiewit Corporation
SAMSUNG C&T
VINCI
List of Company Profiles
ACS Group, AECOM
Balfour Beatty
China Communications Construction Company Limited
China Railway Group Ltd
Fluor
HOCHTIEF AG
Kiewit Corporation
SAMSUNG C&T
VINCI.
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