Highway, Street, and Bridge Construction

Global Highway, Street, and Bridge Construction Market to Reach US$3.1 Trillion by 2030

The global market for Highway, Street, and Bridge Construction estimated at US$2.3 Trillion in the year 2024, is expected to reach US$3.1 Trillion by 2030, growing at a CAGR of 5.0% over the analysis period 2024-2030. Highway Type, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$1.8 Trillion by the end of the analysis period. Growth in the Street Type segment is estimated at 4.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$627.2 Billion While China is Forecast to Grow at 9.2% CAGR

The Highway, Street, and Bridge Construction market in the U.S. is estimated at US$627.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$656.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 4.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Highway, Street, and Bridge Construction Market – Key Trends & Drivers Summarized

Why Is Highway, Street, and Bridge Construction Gaining Momentum? The Demand for Modernized Infrastructure

The construction of highways, streets, and bridges is crucial for economic development, urban expansion, and improved transportation connectivity. With increasing traffic volumes, aging infrastructure, and the need for efficient road networks, governments and private sector players are accelerating investments in large-scale construction projects. The push for smart cities, coupled with technological advancements in construction materials and methods, is reshaping the industry.

How Are Digitalization & Automation Transforming Construction Processes?

The adoption of Building Information Modeling (BIM), AI-driven project management, and automated construction equipment is streamlining construction workflows and enhancing efficiency. Prefabrication and modular bridge construction techniques are reducing project timelines while improving structural integrity. Additionally, drone-based surveying, 3D printing, and robotic bridge inspection tools are enabling faster and more cost-effective infrastructure development.

What Role Do Sustainability & Climate Resilience Play in Market Growth?

Governments are prioritizing green infrastructure initiatives, incorporating recycled materials, energy-efficient lighting, and low-carbon concrete in highway and bridge projects. Climate resilience is also a major focus, with new construction techniques being developed to withstand extreme weather events, rising sea levels, and seismic activities.

What’s Driving the Growth of the Highway, Street, and Bridge Construction Market?

The growth in the highway, street, and bridge construction market is fueled by increasing government infrastructure spending, public-private partnerships, and rising urbanization. Major economies, including the U.S., China, and India, are implementing ambitious infrastructure programs to enhance road connectivity, reduce congestion, and support economic growth. Smart road technologies, such as embedded sensors for traffic monitoring and automated toll collection, are becoming integral to modern highway projects. Additionally, the shift toward electric and autonomous vehicles is driving demand for adaptive road infrastructure, including smart intersections, dynamic lane systems, and connected bridges with integrated vehicle-to-infrastructure (V2I) communication. The rapid expansion of e-commerce and logistics networks is also creating pressure to build high-capacity roadways and bridges that can support increased freight transportation. With global efforts to transition to net-zero carbon emissions, sustainable construction practices, including green pavements, solar-powered roadways, and carbon-neutral bridges, are gaining traction. The combination of technological advancements, environmental policies, and growing mobility needs is expected to drive sustained growth in the highway, street, and bridge construction market, making it a key pillar of future urban and intercity development.

SCOPE OF STUDY:

The report analyzes the Highway, Street, and Bridge Construction market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Highway Type, Street Type, Bridge Type); Construction Type (New Construction Type, Reconstruction Type, Repair Construction Type)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Balfour Beatty plc
• China Communications Construction Group Ltd.
• China Railway Construction Corp. Ltd.
• China Railway Group Ltd.
• China State Construction Engineering Corp. Ltd.
• Dilip Buildcon Ltd.
• DL E&C Co. Ltd.
• Ferrovial S.E.
• Grupo ACS/Hochtief
• Hyundai Engineering & Construction Co. Ltd.
• Kokosing Construction Company
• OHLA
• Onur Taahhut Tasimacilik Insaat Tic. Ve Sanayi AS
• PNC Infratech Limited
• Power Construction Corp. of China
• Shandong Hi-Speed Group Corporation
• Skanska AB
• Stanley Road Construction
• T.Y. Lin International
• WeBuild S.p.A.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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