The global pedestrian bridge market size was valued at $90,341.40 million in 2021 and is projected to reach $142,305.30 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. A pedestrian bridge is specially constructed across a road, river, valley, or other similar body for pedestrians' movements. Few pedestrian bridges allow cyclists as well. Steel, concrete, wood, and fiber-reinforced composite materials are widely used for constructing pedestrian bridges.
Increase in number of roads around the world is driving the need for pedestrian bridges to allow pedestrians to easily cross the roads or streets. The rise in the number of roads is directly proportional to the rise in population and urbanization. According to the United Nations, the expected population in 2050 is going to be over 9.5 billion, which is 1.5 billion more than that of in 2023. Moreover, the construction of pedestrian bridges to attract tourists is also a major driving factor for the market growth. However, the fluctuating cost of raw materials and expensive maintenance of pedestrian bridges hinder the growth of the market.
Furthermore, due to the COVID-19 the pedestrian bridge market witnessed a halt, which led to a small term decline in the market. However, as the number of COVID-19 cases has dropped to almost nil, the market is expected to fully recover by the end of 2023.
Moreover, the development and installation of 3D printed pedestrian bridges is expected to provide lucrative growth opportunities to the key players in the market.
The pedestrian bridge market is segmented on the basis of type, construction type, material, and region. By type, the pedestrian bridge market is classified into truss bridges, beam bridges, suspension bridges, and arch bridges. By construction type, the market is divided into new construction, and reconstruction & repair. By material, it is categorized into concrete, steel, and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, 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-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the pedestrian bridge market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global pedestrian bridge market forecast analysis from 2022 to 2031 is included in the report.
The key market players within the pedestrian bridge market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pedestrian bridge industry.
Increase in number of roads around the world is driving the need for pedestrian bridges to allow pedestrians to easily cross the roads or streets. The rise in the number of roads is directly proportional to the rise in population and urbanization. According to the United Nations, the expected population in 2050 is going to be over 9.5 billion, which is 1.5 billion more than that of in 2023. Moreover, the construction of pedestrian bridges to attract tourists is also a major driving factor for the market growth. However, the fluctuating cost of raw materials and expensive maintenance of pedestrian bridges hinder the growth of the market.
Furthermore, due to the COVID-19 the pedestrian bridge market witnessed a halt, which led to a small term decline in the market. However, as the number of COVID-19 cases has dropped to almost nil, the market is expected to fully recover by the end of 2023.
Moreover, the development and installation of 3D printed pedestrian bridges is expected to provide lucrative growth opportunities to the key players in the market.
The pedestrian bridge market is segmented on the basis of type, construction type, material, and region. By type, the pedestrian bridge market is classified into truss bridges, beam bridges, suspension bridges, and arch bridges. By construction type, the market is divided into new construction, and reconstruction & repair. By material, it is categorized into concrete, steel, and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the pedestrian bridge end-user, such as Arup Group, Backwoods Bridges, Contech Engineered Solutions LLC, Denton Corker Marshall, IJP Corporation Ltd, Landmark Products Pty Ltd, Mace Group, Nature Bridges, Skidmore, Owings & Merrill (SOM), and The Walsh Group.Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging pedestrian bridge market trends and dynamics.In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the pedestrian bridge market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global pedestrian bridge market forecast analysis from 2022 to 2031 is included in the report.
The key market players within the pedestrian bridge market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pedestrian bridge industry.
Key Market Segments
By Type
- Truss bridges
- Beam bridges
- Suspension bridges
- Arch bridges
By Construction Type
- New Construction
- Reconstruction and Repair
By Material
- Concrete
- Steel
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Backwoods Bridges LLC
- Denton Corker Marshall
- IJP Corporation Ltd
- Arup Group
- Skidmore, Owings & Merrill (SOM)
- Mace Group
- Landmark Products Pty Ltd
- Nature Bridges
- The Walsh Group
- Contech Engineered Solutions LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PEDESTRIAN BRIDGE MARKET, BY TYPE
CHAPTER 5: PEDESTRIAN BRIDGE MARKET, BY CONSTRUCTION TYPE
CHAPTER 6: PEDESTRIAN BRIDGE MARKET, BY MATERIAL
CHAPTER 7: PEDESTRIAN BRIDGE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Pedestrian Bridge Market," the pedestrian bridge market was valued at $90.3 billion in 2021, and is estimated to reach $142.3 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. A pedestrian bridge is a type of infrastructure typically made of concrete, steel, and other materials such as wood, and composite materials. It is used by people moving on foot and by cyclists to cross roads, rivers, valleys, and others. In addition, to its greater benefits in urban areas, countries also build attractive pedestrian bridges to attract tourists.Key factors driving the growth of the pedestrian bridge market include rising urbanization and urban infrastructure, rise in tourism, and increasing number of roads. Urbanization across the globe is rising significantly, which drives the pedestrian bridge market growth. According to the UN, in 2018, about 4.2 billion people lived in urban areas, which is expected to grow close to 7 billion in 2050. Asia and Africa, especially the countries such as India and China, are anticipated to contribute majorly to the rising urbanization in the next 30 years. For instance, in 2010, about 31% of India’s population lived in urban areas, which increased to 35% in 2021. Pedestrian bridges are widely constructed in urban areas owing to a larger population that requires safe and unobstructed access through any city having busy roads, rivers, and a large number of public and private infrastructure. For instance, in June 2020, the New York City authorities proposed a plan to build a 20 ft wide bridge between Queens and Manhattan, only for pedestrians and cyclists. In addition to this, modern building infrastructures also include pedestrian bridges between the buildings. For instance, a building complex with two buildings, named ‘Maestria Condominiums’ in Montreal, Canada, is planned to have a 110 ft pedestrian walkway between the 26th floors of the two buildings. Therefore, with the growing urban population, the demand for pedestrian bridges is expected to increase during the forecast period.
The market also offers growth opportunities to the key players in the market. The pedestrian bridge industry is experiencing growth especially due to the development of pedestrian bridges that are made with lightweight materials using the latest manufacturing technologies. For instance, in August 2021, the Dutch robotics company MX3D installed the world's first 3D-printed footbridge in Amsterdam. Similarly, another large-scale additive manufacturing firm XtreeE, specializing in 3D printing of concrete structures has been awarded a contract for building a 3D printed concrete pedestrian bridge for the 2024 Olympic Games in Paris. The company claims it to be the world’s first integration of 3D structural concrete printing and Industry 4.0 to form a new “infrastructure typology”. Moreover, recycling of other materials to construct pedestrian bridges is also becoming mainstream. For instance, in February 2022, Rewind, a company involved in constructing pedestrian bridges, constructed a new pedestrian bridge made with recycled wind turbine blades in County Cork, Ireland.
The pedestrian bridge market is segmented on the basis of type, construction type, material, and region. By type the pedestrian bridge market is bifurcated into truss bridges, beam bridges, suspension bridges, and arch bridges. By construction type the market is divided into new construction, and reconstruction and repair. By material it is categorized into concrete, steel, and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, 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 key players profiled in the study include Arup Group, Backwoods Bridges, Contech Engineered Solutions LLC, Denton Corker Marshall, IJP Corporation Ltd, Landmark Products Pty Ltd, Mace Group, Nature Bridges, Skidmore, Owings & Merrill (SOM), and The Walsh Group. Major players in order to remain competitive offer a wide range of designing and construction services pertaining to pedestrian bridges. Moreover, countries across the world are building pedestrian bridges. For instance, in April 2022, Vietnam constructed world's longest glass-bottomed suspension pedestrian bridge in northwest Son La province spanning a valley between two peaks.
Key Market Insights
- By type, the beam bridges segment was the highest revenue contributor to the market and is estimated to reach $78,858.5 million by 2031, with a CAGR of 5.1%.
- By construction type, the new construction segment dominated the global market. However, the reconstruction and repair segment is expected to be the fastest-growing segment with a CAGR of 5.2% during the forecast period.
- Based on material, the steel segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 4.7% during the forecast period.
- Based on region, Asia-Pacific garnered the largest revenue share in 2021, and the same region is anticipated to grow at the highest CAGR of 5.4% during the forecast period
Companies Mentioned
- Backwoods Bridges LLC
- Denton Corker Marshall
- IJP Corporation Ltd
- Arup Group
- Skidmore, Owings & Merrill (SOM)
- Mace Group
- Landmark Products Pty Ltd
- Nature Bridges
- The Walsh Group
- Contech Engineered Solutions LLC
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 | 303 |
| Published | February 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 90341.4 million |
| Forecasted Market Value ( USD | $ 142305.3 million |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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