The bridges market size has grown strongly in recent years. It will grow from $118.56 billion in 2023 to $126.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. Historical growth in the construction of bridges can be attributed to several key factors. These include substantial government spending on infrastructure projects, the trend toward urbanization, rapid industrialization, population growth leading to increased infrastructure needs, and the expansion of trade, necessitating better transportation networks and connectivity.
The bridges market size is expected to see strongly grown in the next few years. It will grow to $164.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. Anticipated growth in the forecast period for bridge construction is expected to be driven by several factors. These include the emphasis on sustainable infrastructure practices, the development of smart infrastructure solutions, the focus on resilience and adaptability in construction, the integration of renewable energy into bridge projects, and advancements in utilizing advanced materials for construction.
Anticipated growth in global infrastructure development stands as a driving force behind the expansion of the bridges market. Infrastructure encompasses essential physical and organizational structures vital for societal and enterprise operations, including bridges, roads, buildings, and power supplies. Bridges, a critical component of hard infrastructure, manage burgeoning traffic demands. Notably, a study by the Department for Promotion of Industry and Internal Trade (DPIIT) in February 2021 revealed a surge in Foreign Direct Investments (FDI) in construction and infrastructure, escalating from $17.22 billion in 2020 to an expected $1.4 trillion by 2023. This substantial increase in infrastructure investments augurs well for the burgeoning bridges sector.
The escalating frequency of natural disasters globally is poised to propel the growth of the bridges market. Events like earthquakes, hurricanes, and floods often cause severe damage to bridges, necessitating reconstruction and retrofitting efforts. To fortify against future calamities, there's a heightened focus on designing resilient bridges, spurring demand for such projects. Governments typically allocate funds for infrastructure repair and reconstruction post-major disasters, further stimulating growth in the bridge construction industry. For instance, in 2021, catastrophic events linked to natural hazards totaled 432, causing significant fatalities, affecting millions, and incurring approximately $252.1 billion in economic losses, surpassing the annual average recorded in the past decade. This surge in natural disasters underscores the driving force behind the growing bridges market. The evolution of new construction technologies is shaping the landscape of the bridges market. Leading companies within the sector are deeply invested in integrating advanced technologies into bridge construction processes, aiming to enhance efficiency, speed, and longevity. Innovations like road-rail cable-stayed systems are revolutionizing the construction of new bridges, particularly those spanning rivers. Additionally, the adoption of cutting-edge technologies such as robotics, virtual reality, and augmented reality is significantly reducing operational costs and project timelines. Notably, ongoing bridge projects, like the arch steel bridge in Bangladesh, exemplify the application of advanced technology for improved structural performance and maintenance.
Key entities operating in the bridges market are actively developing AI-based construction solutions to gain a competitive edge. These AI-driven solutions leverage sophisticated algorithms to optimize planning, design, and execution in bridge construction projects, enhancing efficiency, safety, and accuracy. For instance, Disperse.io, a UK-based construction technology company, introduced 'Impulse' in November 2022, a product utilizing AI to elevate construction planning and project management. By integrating 360° site scans, Impulse identifies and addresses issues, offering performance insights, coordinating drawings and schedules, and empowering project managers with data-driven decision-making capabilities. This AI-powered tool enhances project oversight, tracks progress, and facilitates informed project management for contractors and project managers.
In April 2022, Egis Group, a construction engineering company based in France, completed the acquisition of Waagner-Biro Bridge Systems AG for an undisclosed sum. This strategic acquisition allowed Egis to enhance its presence in the Middle East significantly. It enabled the company to broaden its service portfolio, encompassing infrastructure maintenance, project structuring, and comprehensive facility management services. This expansion strengthened Egis' foothold in the region and positioned them better to cater to the diverse needs of their clients. Waagner-Biro Bridge Systems AG, based in Austria, specializes in providing construction solutions for steel and composite bridges.
Major companies operating in the bridges market report 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.
Asia-Pacific was the largest region in the bridges market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.the regions covered in the bridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the bridges market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are various types of bridges, each with unique designs and functionalities. These include the beam bridge, truss bridge, arch bridge, suspension bridge, and cable-stayed bridge. A beam bridge, for instance, consists of horizontal supports resting on two endpoints, bearing traffic by acting as a sturdy beam capable of withstanding both dynamic and static loads. Materials used in bridge construction range from steel and concrete to composite materials. Bridges find applications in supporting roads, highways, and railways, among other transportation networks.
The bridges market research report is one of a series of new reports provides bridges market statistics, including bridges industry global market size, regional shares, competitors with a bridges market share, detailed bridges market segments, market trends and opportunities, and any further data you may need to thrive in the bridges industry. This bridges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bridges market includes revenues earned by entities by construction of cantilever bridge, cable-stayed bridge and tied-arch bridge. 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.
This product will be delivered within 3-5 business days.
The bridges market size is expected to see strongly grown in the next few years. It will grow to $164.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. Anticipated growth in the forecast period for bridge construction is expected to be driven by several factors. These include the emphasis on sustainable infrastructure practices, the development of smart infrastructure solutions, the focus on resilience and adaptability in construction, the integration of renewable energy into bridge projects, and advancements in utilizing advanced materials for construction.
Anticipated growth in global infrastructure development stands as a driving force behind the expansion of the bridges market. Infrastructure encompasses essential physical and organizational structures vital for societal and enterprise operations, including bridges, roads, buildings, and power supplies. Bridges, a critical component of hard infrastructure, manage burgeoning traffic demands. Notably, a study by the Department for Promotion of Industry and Internal Trade (DPIIT) in February 2021 revealed a surge in Foreign Direct Investments (FDI) in construction and infrastructure, escalating from $17.22 billion in 2020 to an expected $1.4 trillion by 2023. This substantial increase in infrastructure investments augurs well for the burgeoning bridges sector.
The escalating frequency of natural disasters globally is poised to propel the growth of the bridges market. Events like earthquakes, hurricanes, and floods often cause severe damage to bridges, necessitating reconstruction and retrofitting efforts. To fortify against future calamities, there's a heightened focus on designing resilient bridges, spurring demand for such projects. Governments typically allocate funds for infrastructure repair and reconstruction post-major disasters, further stimulating growth in the bridge construction industry. For instance, in 2021, catastrophic events linked to natural hazards totaled 432, causing significant fatalities, affecting millions, and incurring approximately $252.1 billion in economic losses, surpassing the annual average recorded in the past decade. This surge in natural disasters underscores the driving force behind the growing bridges market. The evolution of new construction technologies is shaping the landscape of the bridges market. Leading companies within the sector are deeply invested in integrating advanced technologies into bridge construction processes, aiming to enhance efficiency, speed, and longevity. Innovations like road-rail cable-stayed systems are revolutionizing the construction of new bridges, particularly those spanning rivers. Additionally, the adoption of cutting-edge technologies such as robotics, virtual reality, and augmented reality is significantly reducing operational costs and project timelines. Notably, ongoing bridge projects, like the arch steel bridge in Bangladesh, exemplify the application of advanced technology for improved structural performance and maintenance.
Key entities operating in the bridges market are actively developing AI-based construction solutions to gain a competitive edge. These AI-driven solutions leverage sophisticated algorithms to optimize planning, design, and execution in bridge construction projects, enhancing efficiency, safety, and accuracy. For instance, Disperse.io, a UK-based construction technology company, introduced 'Impulse' in November 2022, a product utilizing AI to elevate construction planning and project management. By integrating 360° site scans, Impulse identifies and addresses issues, offering performance insights, coordinating drawings and schedules, and empowering project managers with data-driven decision-making capabilities. This AI-powered tool enhances project oversight, tracks progress, and facilitates informed project management for contractors and project managers.
In April 2022, Egis Group, a construction engineering company based in France, completed the acquisition of Waagner-Biro Bridge Systems AG for an undisclosed sum. This strategic acquisition allowed Egis to enhance its presence in the Middle East significantly. It enabled the company to broaden its service portfolio, encompassing infrastructure maintenance, project structuring, and comprehensive facility management services. This expansion strengthened Egis' foothold in the region and positioned them better to cater to the diverse needs of their clients. Waagner-Biro Bridge Systems AG, based in Austria, specializes in providing construction solutions for steel and composite bridges.
Major companies operating in the bridges market report 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.
Asia-Pacific was the largest region in the bridges market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.the regions covered in the bridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the bridges market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are various types of bridges, each with unique designs and functionalities. These include the beam bridge, truss bridge, arch bridge, suspension bridge, and cable-stayed bridge. A beam bridge, for instance, consists of horizontal supports resting on two endpoints, bearing traffic by acting as a sturdy beam capable of withstanding both dynamic and static loads. Materials used in bridge construction range from steel and concrete to composite materials. Bridges find applications in supporting roads, highways, and railways, among other transportation networks.
The bridges market research report is one of a series of new reports provides bridges market statistics, including bridges industry global market size, regional shares, competitors with a bridges market share, detailed bridges market segments, market trends and opportunities, and any further data you may need to thrive in the bridges industry. This bridges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bridges market includes revenues earned by entities by construction of cantilever bridge, cable-stayed bridge and tied-arch bridge. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Bridges Market Characteristics3. Bridges Market Trends and Strategies31. Global Bridges Market Competitive Benchmarking32. Global Bridges Market Competitive Dashboard33. Key Mergers and Acquisitions in the Bridges Market
4. Bridges Market - Macro Economic Scenario
5. Global Bridges Market Size and Growth
6. Bridges Market Segmentation
7. Bridges Market Regional and Country Analysis
8. Asia-Pacific Bridges Market
9. China Bridges Market
10. India Bridges Market
11. Japan Bridges Market
12. Australia Bridges Market
13. Indonesia Bridges Market
14. South Korea Bridges Market
15. Western Europe Bridges Market
16. UK Bridges Market
17. Germany Bridges Market
18. France Bridges Market
19. Italy Bridges Market
20. Spain Bridges Market
21. Eastern Europe Bridges Market
22. Russia Bridges Market
23. North America Bridges Market
24. USA Bridges Market
25. Canada Bridges Market
26. South America Bridges Market
27. Brazil Bridges Market
28. Middle East Bridges Market
29. Africa Bridges Market
30. Bridges Market Competitive Landscape and Company Profiles
34. Bridges Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Bridges Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on bridges 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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for bridges? 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.
Report Scope
Markets Covered:
1) by Type: Beam Bridge; Truss Bridge; Arch Bridge; Suspension Bridge; Cable-Stayed Bridge2) by Material: Steel; Concrete; Composite Material
3) by Application: Road and Highway; Railway
Key Companies Mentioned: ACS Actividades de Construcción y Servicios S.A.; AECOM Technology Corporation; Balfour Beatty plc; China Communications Construction Company Limited; China Railway Group Limited
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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Methodology
LOADING...