The highway, street, and bridge construction market size has grown steadily in recent years. It will grow from $896.65 billion in 2023 to $938.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historical period can be attributed to population growth and urbanization, the replacement of aging infrastructure, government funding and initiatives, the enhancement of transportation networks, and economic development goals.
The highway, street, and bridge construction market size is expected to see strong growth in the next few years. It will grow to $1142.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to smart city initiatives, a focus on environmental sustainability, the increase in urban mobility solutions, efforts towards resilience and climate adaptation, and greater private sector participation. Major trends expected in the forecast period include the incorporation of innovative materials and composites, collaboration through public-private partnerships (PPPs), a heightened focus on safety and intelligent construction equipment, the adoption of 3D printing in construction, and the introduction of sustainable transportation infrastructure financing.
The highway, street, and bridge construction market are expected to grow with increased infrastructure investments globally. Infrastructure investments focus on specific sectors creating a country's infrastructure, including public or private initiatives in highway, street, and bridge construction. According to USA Facts, spending on infrastructure and transportation in 2022 is projected to be 21% higher than in 2019. The emphasis on highway transportation accounts for a significant portion of this investment. The increased global infrastructure investments are contributing to the growth of the highway, street, and bridge construction market.
The highway, street, and bridge construction market is anticipated to experience growth due to the expanding tourism industry. The tourism industry encompasses activities related to the temporary movement of people for leisure, business, or other purposes. Construction of highways, streets, and bridges positively impacts the tourism industry by improving accessibility, safety, and connectivity. This, in turn, fosters economic development and provides tourists with a more enjoyable and seamless travel experience. According to the U.S. Department of Commerce in June 2022, the number of international visitors to the US increased to 22.1 million in 2021. The growing tourism industry is a key driver for the growth of the highway, street, and bridge construction market.
Technological advancements take center stage as a key trend in the highway, street, and bridge construction market. Major companies are focusing on integrating the latest technologies in the construction of highways, streets, and bridges to fortify their market positions. For example, in July 2021, MX3D, a Netherlands-based software company specializing in robotic 3D metal printing technology, constructed a 12-meter-long 3D-printed pedestrian street 'smart bridge' in Amsterdam. This innovative bridge, built from stainless steel rods using robotic arms with welding equipment, showcases the company's ability to 3D-print metal structures that are robust, intricate, and graceful.
Major companies in the highway, street, and bridge construction market are developing new products, such as 3D-printed concrete bridges, to gain a competitive edge. A 3D-printed concrete bridge refers to a structure constructed using 3D printing technology and concrete materials. In December 2023, LafargeHolcim Ltd., a Switzerland-based building materials and solutions company, launched Phoenix. This bridge, constructed with 10 tons of recycled materials, demonstrates the company's commitment to low-carbon infrastructure applications and circular building. It serves as an example of integrated circular construction, computational design, and 3D concrete printing, supported only by compression and requiring no reinforcement.
In August 2021, US-based infrastructure and road construction company Construction Partners Inc. acquired Good Hope Contracting Co. for an undisclosed amount. This acquisition aims to broaden the scope of operations, enhance services, and leverage Good Hope Contracting Co.'s resources and experience to establish a stronger leadership position in the infrastructure and construction sectors. Good Hope Contracting Co., a US-based construction company, is integral to Construction Partners Inc.'s market position and competencies.
Major companies operating in the highway, street, and bridge construction market report are China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Communications Construction Company Limited, Vinci SA, Bouygues SA, Laing O'Rourke, ACS Group S.A., Grupo ACS, Samsung C&T Corporation, Hochtief AG, Larsen & Toubro Ltd., Strabag SE, Bachtel Corporation, Jacobs Engineering Group Inc., Skanska AB, Colas Group, Fluor Corporation, Turner Construction, Kiewit Corporation, AECOM, Balfour Beatty PLC, Ferrovial SA, PCL Construction, Stantec Inc., Tutor Perini Corporation, Granite Construction Inc., Heijmans N.V., Flatiron Construction Corp., Lane Construction Corporation, Continental Engineering Corporation, Eurovia Ltd.
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2023. The regions covered in the highway, street, and bridge construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the highway, street, and bridge construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of highway, street, and bridge construction encompass highways, streets, and bridges. A highway is a significant rural thoroughfare, referring to a route in either a rural or urban location where traffic entry and exit points are restricted and controlled. This segment is divided into new construction and reconstruction and repair, with funding originating from either the government or the private sector.
The highway, street, and bridge construction market research report is one of a series of new reports that provides highway, street, and bridge construction market statistics, including highway, street, and bridge construction industry global market size, regional shares, competitors with a highway, street, and bridge construction market share, detailed highway, street, and bridge construction market segments, market trends and opportunities, and any further data you may need to thrive in the highway, street, and bridge construction industry. This highway, street, and bridge construction 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 highway, street, and bridge construction market includes revenues earned by entities by constructing expressways, arch bridges, cantilever bridges, and more. 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 highway, street, and bridge construction market size is expected to see strong growth in the next few years. It will grow to $1142.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to smart city initiatives, a focus on environmental sustainability, the increase in urban mobility solutions, efforts towards resilience and climate adaptation, and greater private sector participation. Major trends expected in the forecast period include the incorporation of innovative materials and composites, collaboration through public-private partnerships (PPPs), a heightened focus on safety and intelligent construction equipment, the adoption of 3D printing in construction, and the introduction of sustainable transportation infrastructure financing.
The highway, street, and bridge construction market are expected to grow with increased infrastructure investments globally. Infrastructure investments focus on specific sectors creating a country's infrastructure, including public or private initiatives in highway, street, and bridge construction. According to USA Facts, spending on infrastructure and transportation in 2022 is projected to be 21% higher than in 2019. The emphasis on highway transportation accounts for a significant portion of this investment. The increased global infrastructure investments are contributing to the growth of the highway, street, and bridge construction market.
The highway, street, and bridge construction market is anticipated to experience growth due to the expanding tourism industry. The tourism industry encompasses activities related to the temporary movement of people for leisure, business, or other purposes. Construction of highways, streets, and bridges positively impacts the tourism industry by improving accessibility, safety, and connectivity. This, in turn, fosters economic development and provides tourists with a more enjoyable and seamless travel experience. According to the U.S. Department of Commerce in June 2022, the number of international visitors to the US increased to 22.1 million in 2021. The growing tourism industry is a key driver for the growth of the highway, street, and bridge construction market.
Technological advancements take center stage as a key trend in the highway, street, and bridge construction market. Major companies are focusing on integrating the latest technologies in the construction of highways, streets, and bridges to fortify their market positions. For example, in July 2021, MX3D, a Netherlands-based software company specializing in robotic 3D metal printing technology, constructed a 12-meter-long 3D-printed pedestrian street 'smart bridge' in Amsterdam. This innovative bridge, built from stainless steel rods using robotic arms with welding equipment, showcases the company's ability to 3D-print metal structures that are robust, intricate, and graceful.
Major companies in the highway, street, and bridge construction market are developing new products, such as 3D-printed concrete bridges, to gain a competitive edge. A 3D-printed concrete bridge refers to a structure constructed using 3D printing technology and concrete materials. In December 2023, LafargeHolcim Ltd., a Switzerland-based building materials and solutions company, launched Phoenix. This bridge, constructed with 10 tons of recycled materials, demonstrates the company's commitment to low-carbon infrastructure applications and circular building. It serves as an example of integrated circular construction, computational design, and 3D concrete printing, supported only by compression and requiring no reinforcement.
In August 2021, US-based infrastructure and road construction company Construction Partners Inc. acquired Good Hope Contracting Co. for an undisclosed amount. This acquisition aims to broaden the scope of operations, enhance services, and leverage Good Hope Contracting Co.'s resources and experience to establish a stronger leadership position in the infrastructure and construction sectors. Good Hope Contracting Co., a US-based construction company, is integral to Construction Partners Inc.'s market position and competencies.
Major companies operating in the highway, street, and bridge construction market report are China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Communications Construction Company Limited, Vinci SA, Bouygues SA, Laing O'Rourke, ACS Group S.A., Grupo ACS, Samsung C&T Corporation, Hochtief AG, Larsen & Toubro Ltd., Strabag SE, Bachtel Corporation, Jacobs Engineering Group Inc., Skanska AB, Colas Group, Fluor Corporation, Turner Construction, Kiewit Corporation, AECOM, Balfour Beatty PLC, Ferrovial SA, PCL Construction, Stantec Inc., Tutor Perini Corporation, Granite Construction Inc., Heijmans N.V., Flatiron Construction Corp., Lane Construction Corporation, Continental Engineering Corporation, Eurovia Ltd.
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2023. The regions covered in the highway, street, and bridge construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the highway, street, and bridge construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of highway, street, and bridge construction encompass highways, streets, and bridges. A highway is a significant rural thoroughfare, referring to a route in either a rural or urban location where traffic entry and exit points are restricted and controlled. This segment is divided into new construction and reconstruction and repair, with funding originating from either the government or the private sector.
The highway, street, and bridge construction market research report is one of a series of new reports that provides highway, street, and bridge construction market statistics, including highway, street, and bridge construction industry global market size, regional shares, competitors with a highway, street, and bridge construction market share, detailed highway, street, and bridge construction market segments, market trends and opportunities, and any further data you may need to thrive in the highway, street, and bridge construction industry. This highway, street, and bridge construction 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 highway, street, and bridge construction market includes revenues earned by entities by constructing expressways, arch bridges, cantilever bridges, and more. 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. Highway, Street, and Bridge Construction Market Characteristics3. Highway, Street, and Bridge Construction Market Trends and Strategies32. Global Highway, Street, and Bridge Construction Market Competitive Benchmarking33. Global Highway, Street, and Bridge Construction Market Competitive Dashboard34. Key Mergers and Acquisitions in the Highway, Street, and Bridge Construction Market
4. Highway, Street, and Bridge Construction Market - Macro Economic Scenario
5. Global Highway, Street, and Bridge Construction Market Size and Growth
6. Highway, Street, and Bridge Construction Market Segmentation
7. Highway, Street, and Bridge Construction Market Regional and Country Analysis
8. Asia-Pacific Highway, Street, and Bridge Construction Market
9. China Highway, Street, and Bridge Construction Market
10. India Highway, Street, and Bridge Construction Market
11. Japan Highway, Street, and Bridge Construction Market
12. Australia Highway, Street, and Bridge Construction Market
13. Indonesia Highway, Street, and Bridge Construction Market
14. South Korea Highway, Street, and Bridge Construction Market
15. Western Europe Highway, Street, and Bridge Construction Market
16. UK Highway, Street, and Bridge Construction Market
17. Germany Highway, Street, and Bridge Construction Market
18. France Highway, Street, and Bridge Construction Market
19. Italy Highway, Street, and Bridge Construction Market
20. Spain Highway, Street, and Bridge Construction Market
21. Eastern Europe Highway, Street, and Bridge Construction Market
22. Russia Highway, Street, and Bridge Construction Market
23. North America Highway, Street, and Bridge Construction Market
24. USA Highway, Street, and Bridge Construction Market
25. Canada Highway, Street, and Bridge Construction Market
26. South America Highway, Street, and Bridge Construction Market
27. Brazil Highway, Street, and Bridge Construction Market
28. Middle East Highway, Street, and Bridge Construction Market
29. Africa Highway, Street, and Bridge Construction Market
30. Highway, Street, and Bridge Construction Market Competitive Landscape and Company Profiles
31. Highway, Street, and Bridge Construction Market Other Major and Innovative Companies
35. Highway, Street, and Bridge Construction Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Highway, Street, and Bridge Construction Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on highway, street, and bridge construction 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 you 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.
Where is the largest and fastest growing market for highway, street, and bridge construction? 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: Highway; Street; Bridge
2) By Construction Type: New Construction; Reconstruction and Repair
3) By Funding: Government Funding; Private Funding
Key Companies Mentioned: China State Construction Engineering Corporation Ltd.; China Railway Group Ltd.; China Communications Construction Company Limited; Vinci SA; Bouygues SA
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
- China State Construction Engineering Corporation Ltd.
- China Railway Group Ltd.
- China Communications Construction Company Limited
- Vinci SA
- Bouygues SA
- Laing O'Rourke
- ACS Group S.A.
- Grupo ACS
- Samsung C&T Corporation
- Hochtief AG
- Larsen & Toubro Ltd.
- Strabag SE
- Bachtel Corporation
- Jacobs Engineering Group Inc.
- Skanska AB
- Colas Group
- Fluor Corporation
- Turner Construction
- Kiewit Corporation
- AECOM
- Balfour Beatty plc
- Ferrovial SA
- PCL Construction
- Stantec Inc.
- Tutor Perini Corporation
- Granite Construction Inc.
- Heijmans N.V.
- Flatiron Construction Corp.
- Lane Construction Corporation
- Continental Engineering Corporation
- Eurovia Ltd.
Methodology
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