The pedestrian bridge market size is expected to see strong growth in the next few years. It will grow to $120.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to factors such as public transport integration, integration with smart city initiatives, increasing awareness of health benefits, the development of bike-friendly infrastructure, and adaptive reuse of existing structures. Major trends in the forecast period include architectural innovation, a focus on inclusive design, eco-friendly design trends, technological advancements in construction materials, integration with green spaces, and the adoption of digital twin technology.
Anticipated government investments in public infrastructure, particularly road development, are poised to drive the growth of the pedestrian bridge market. This involves allocating financial resources to various projects with specific economic, social, or developmental objectives. Notably, the Australian government has earmarked $5.3 billion for road infrastructure improvement in the 2023-24 state budget, emphasizing the development of regional road projects. As a result, such government investments contribute significantly to the expansion of the pedestrian bridge market.
The escalating issue of traffic congestion is expected to be a key driver for the growth of the pedestrian bridge market. Traffic congestion occurs when the volume of vehicles surpasses available road capacity, causing significant slowdowns. Pedestrian bridges play a crucial role in urban planning, enhancing safety, reducing congestion, and promoting sustainable transportation options. In the UK, motor vehicle traffic increased by 8.8%, reaching 323.8 billion vehicle miles between 2021 and 2022, underscoring the importance of pedestrian bridges in alleviating traffic congestion.
Technological advancements emerge as a prominent trend in the pedestrian bridge market. Major companies are dedicated to developing cutting-edge technologies to meet specific demands and maintain their market positions. An example is the Netherlands-based MX3D, which unveiled the world's first 3D-printed steel footbridge equipped with advanced sensors for real-time pedestrian traffic measurement. This innovative structure, designed using 3D printing techniques and welding robots, represents a significant stride in understanding the potential of 3D-printed steel in construction.
Strategic investments by major companies are a focal point for product development and market positioning in the pedestrian bridge sector. Company investments, involving the allocation of financial resources into various assets or projects, aim to generate returns and achieve strategic objectives. Nutifood, a Vietnam-based dairy company, invested $41.3 million in constructing a pedestrian bridge spanning 1.4 kilometers in Ho Chi Minh City. This bridge, featuring a unique design resembling a mangrove palm leaf, is expected to become a landmark symbolizing the Mekong Delta region.
In April 2022, Egis Group, a France-based engineering and consulting company, acquired Waagner-Biro AG, an Austria-based steel engineering and bridge construction company. This strategic move is aimed at expanding global reach, strengthening infrastructure and mobility consulting services, and enhancing project structuring and infrastructure engineering capabilities.
Major companies operating in the pedestrian bridge market report are Skanska AB, Kiewit Corporation, SNC-Lavalin Group Inc., Arup Group, Contech Engineered Solutions LLC, Mace Group Ltd, Walsh Group Inc., Southland Holdings Inc, Flatiron Construction Corporation, Cianbro Corporation, Kinsley Construction, Skidmore Owings & Merrill LLP, TrueNorth Steel Inc., Denton Corker Marshall LLP, McLean Contracting Company, IJP Corporation Ltd, Creative Pultrusions Inc., Bridge Brothers Inc., Conti Corporation, Lonestar Prestress Manufacturing Inc., Backwoods Bridges LLC, Nature Bridges, Big R Bridge, Modjeski and Masters Inc., Bridge Masters Inc., Landmark Products Pty Ltd.
Asia-Pacific was the largest region in the pedestrian bridge market in 2023. The regions covered in the pedestrian bridge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pedestrian bridge market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The main types of pedestrian bridges include truss bridges, beam bridges, suspension bridges, cable-stayed pedestrian bridges, and arch bridges. Truss bridges are structures made of interconnected elements forming a series of triangles, offering long-span structures. They can be made of materials such as steel or wood and are employed in various applications, including military operations, especially in areas where riverbanks are steep and navigation must be maintained. The construction materials for pedestrian bridges include concrete, steel, composite, and others, and they are utilized in different construction types such as new construction and reconstruction and repair. These bridges are used by various end-users, including the public, private entities, industrial sectors, transportation, and parks and recreational facilities.
The pedestrian bridges market research report is one of a series of new reports that provides pedestrian bridges market statistics, including pedestrian bridges industry global market size, regional shares, competitors with a pedestrian bridges market share, detailed pedestrian bridges market segments, market trends and opportunities, and any further data you may need to thrive in the pedestrian bridges industry. This pedestrian bridge market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pedestrian bridge market includes revenues earned by entities by providing structural engineering, architectural design, functional structural engineering, bridge design, maintenance, and fabrication services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Pedestrian Bridge Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on pedestrian bridge market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for pedestrian bridge? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Truss Bridges; Beam Bridges; Suspension Bridges; Cable-Stayed Pedestrian Bridges; Arch Bridges
2) By Material: Concrete; Steel; Composite; Other Materials
3) By Construction Type: New Construction; Reconstruction and Repair
4) By End-user: Public; Private; Industrial; Transportation; Parks and Recreational Facilities
Key Companies Mentioned: Skanska AB; Kiewit Corporation; SNC-Lavalin Group Inc.; Arup Group; Contech Engineered Solutions LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Skanska AB
- Kiewit Corporation
- SNC-Lavalin Group Inc.
- Arup Group
- Contech Engineered Solutions LLC
- Mace Group Ltd
- Walsh Group Inc.
- Southland Holdings Inc
- Flatiron Construction Corporation
- Cianbro Corporation
- Kinsley Construction
- Skidmore Owings & Merrill LLP
- TrueNorth Steel Inc.
- Denton Corker Marshall LLP
- McLean Contracting Company
- IJP Corporation Ltd
- Creative Pultrusions Inc.
- Bridge Brothers Inc.
- Conti Corporation
- Lonestar Prestress Manufacturing Inc.
- Backwoods Bridges LLC
- Nature Bridges
- Big R Bridge
- Modjeski and Masters Inc.
- Bridge Masters Inc.
- Landmark Products Pty Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 95.66 Billion |
Forecasted Market Value ( USD | $ 120.11 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |