The transportation infrastructure market size was valued at $1,770 billion in 2021 and is projected to reach $3,606.8 billion by 2031, registering a CAGR of 7.2% from 2022 to 2031. The transportation infrastructure includes construction and renovation activities carried out for roads, bridges, ports, and railways for effective logistics and tourism.
The factors, such as growing e-commerce industry coupled with rise in trade related agreements, fuel the market growth. In addition, introduction of the highly innovative solutions such as AI driven construction equipment helps in making construction process more efficient and faster. Thus, this is expected to drive the growth of the market.
However, lack of control of manufacturers on logistics service, poor infrastructure, along with higher costs of purchasing equipment for transportation infrastructure development hinder the market growth.
In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for transportation infrastructure development as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by end of 2021.
On the contrary, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to better transportation infrastructure are some of the factors that are anticipated to foster the market growth.
The transportation infrastructure market is segmented on the basis of type, application, construction type, and region. By type, the transportation infrastructure market is fragmented into railway, airport, roads & bridges, and ports. By application, the market is categorized into urban and rural. By construction type, the market is divided into new construction and renovation. By region, the transportation infrastructure market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2021, Asia-Pacific was the highest contributor to the global cargo handling equipment market share and is anticipated to secure a leading position during the forecast period.
On the basis of type, in 2021, the roads & bridges segment dominated the transportation infrastructure market, in terms of revenue, and the ports segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2021, the IC engine segment led the transportation infrastructure market, and the electric segment is expected to exhibit highest CAGR in the near future. By application, the road & rail segment led the market in 2021, in terms of revenue and the air segment is anticipated to register highest CAGR during the forecast period. By construction type, the new construction segment dominated the market in terms of revenue and the renovation segment is expected to witness growth at the highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; and is anticipated to register highest CAGR during the forecast period.
The factors, such as growing e-commerce industry coupled with rise in trade related agreements, fuel the market growth. In addition, introduction of the highly innovative solutions such as AI driven construction equipment helps in making construction process more efficient and faster. Thus, this is expected to drive the growth of the market.
However, lack of control of manufacturers on logistics service, poor infrastructure, along with higher costs of purchasing equipment for transportation infrastructure development hinder the market growth.
In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for transportation infrastructure development as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by end of 2021.
On the contrary, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to better transportation infrastructure are some of the factors that are anticipated to foster the market growth.
The transportation infrastructure market is segmented on the basis of type, application, construction type, and region. By type, the transportation infrastructure market is fragmented into railway, airport, roads & bridges, and ports. By application, the market is categorized into urban and rural. By construction type, the market is divided into new construction and renovation. By region, the transportation infrastructure market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2021, Asia-Pacific was the highest contributor to the global cargo handling equipment market share and is anticipated to secure a leading position during the forecast period.
On the basis of type, in 2021, the roads & bridges segment dominated the transportation infrastructure market, in terms of revenue, and the ports segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2021, the IC engine segment led the transportation infrastructure market, and the electric segment is expected to exhibit highest CAGR in the near future. By application, the road & rail segment led the market in 2021, in terms of revenue and the air segment is anticipated to register highest CAGR during the forecast period. By construction type, the new construction segment dominated the market in terms of revenue and the renovation segment is expected to witness growth at the highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; and is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the transportation infrastructure market report include ACS Group, Balfour Beatty plc, Bechtel Corporation, Bouygues Construction SA., CK Hutchison Holdings, Globalvia Inversiones SA, kiewit Corporation, laing o'rourke, Larsen & Toubro Ltd and Vinci SA.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global transportation infrastructure market analysis from 2021 to 2031 to identify the prevailing global transportation infrastructure market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global transportation infrastructure market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global transportation infrastructure market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Railway
- Airport
- Roads and Bridges
- Ports
By Application
- Urban
- Rural
By Construction Type
- New Construction
- Renovation
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Larsen & Toubro Ltd
- ACS Group
- Kiewit Corporation
- Vinci SA
- Laing O'Rourke
- Balfour Beatty plc
- Globalvia Inversiones SA
- Bechtel Corporation
- CK Hutchison Holdings
- Bouygues Construction SA.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL TRANSPORTATION INFRASTRUCTURE MARKET, BY TYPE
CHAPTER 5: GLOBAL TRANSPORTATION INFRASTRUCTURE MARKET, BY APPLICATION
CHAPTER 6: GLOBAL TRANSPORTATION INFRASTRUCTURE MARKET, BY CONSTRUCTION TYPE
CHAPTER 7: GLOBAL TRANSPORTATION INFRASTRUCTURE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Transportation Infrastructure Market is likely to experience a significant growth rate of 3.8 % from 2022-2031 owing to growth in demand from metal and construction sector.A transport system is a vital driver of social and economic development, which generates opportunities for both poor and facilitating economies to become competitive. Transportation infrastructure connects individuals to jobs, health services, and education on a daily basis. It facilitates the supply of goods and services globally.
The key driver that supports the transportation infrastructure market raises the demand for transportation due to globalization. Transportation is one of the crucial sectors of any country's economy. It is involved in supporting the extensive movement of passengers and cargo within and outside its borders. Cargo transportation, such as raw materials, parts, and finished items, due to national & international trade has facilitated considerable diversity, affordability, and availability of goods in various countries.
In addition, the rapidly aging transport infrastructure also drives the market globally. For instance, bridges and roads collapse due to a sharp increase in heavy vehicular traffic. The old, urban transport systems can no longer cope with the present requirements and natural catastrophes such as earthquakes and landslides that are also alding in infrastructure destruction. To address the problems & requirements, governments and investors are investing large amounts of money in infrastructure projects.
Increase in public investment in transportation infrastructure to ensure safe and efficient economic activities is expected to drive the growth of the global transportation infrastructure market. Moreover, surge in demand for transportation of liquefied natural gas export by sea is expected to contribute to the market growth. In addition, many industries depend on ocean shipping to import or export goods globally which further grows the use of port for the market.
However, trade barriers are hindering the growth of the transportation infrastructure market. Trade barriers are the tariffs on imported goods. Tariffs make imported goods more expensive as tariff imports reduce. For instance, the U.S. imports from China were high compared to exports to China. The U.S. Government had introduced a tariff system to control imports and bail out domestic businesses. However, construction and maintenance of port infrastructure require a large amount of capital investment and construction completion time. Hence, this is expected to serve as a potential barrier for the growth of the market.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, disrupted the supply chain, thereby hindering growth of the transportation infrastructure market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
The use of automation in port infrastructure has grown over the years. The use of IoT & AI for cargo and transport management can shorten the time necessary for waterway transport delivery. Hence, this is likely to offer new opportunity for the market growth. A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers traveling by sea and the number of commodities transported by water increase at a substantial rate. As a result, this aids in the development of port infrastructure.
The transportation infrastructure market is segmented on the basis of type, application, construction type, and region. By type, the transportation infrastructure market is fragmented into railway, airport, roads & bridges, and ports. By application, the market is categorized into urban and rural. By construction type, the market is divided into new construction and renovation. By region, the transportation infrastructure market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the transportation infrastructure market include ACS Group, Balfour Beatty plc, Bechtel Corporation, Bouygues Construction SA., CK Hutchison Holdings, Globalvia Inversiones SA, kiewit Corporation, laing o'rourke, Larsen & Toubro Ltd and Vinci SA.
Key Market Insights
Depending on type, the roads & bridges segment was the largest revenue generator in 2021.- By application, the urban segment generated the highest revenue in 2021.
- On the basis of construction type, the new construction segment dominated the market in 2021.
- Region wise, Asia-Pacific is anticipated to dominate the global transportation infrastructure market throughout the study period.
Companies Mentioned
- Larsen & Toubro Ltd
- ACS Group
- Kiewit Corporation
- Vinci SA
- Laing O'Rourke
- Balfour Beatty plc
- Globalvia Inversiones SA
- Bechtel Corporation
- CK Hutchison Holdings
- Bouygues Construction SA.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 218 |
| Published | December 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1770 billion |
| Forecasted Market Value ( USD | $ 3606.8 billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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