Press release
Global Bridge Inspection Services Market to Reach a Valuation of US$ 6.3 Bn by 2029 end | Mistras Group, KCI Technologies, Stantec
Aging of bridges owing to challenging environmental conditions and higher traffic volume makes bridges more prone to deterioration. With damages in bridges remaining undetected, the structural integrity and service capability of a bridge deteriorates.Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/4526/bridge-inspection-services-market
Owing to this, the demand for routine bridge inspection is soaring in order to help obtain a better prediction of the deterioration progress and identify defects at an early stage. The newest report by Fact.MR estimates that the bridge inspection services market will witness a fourfold growth to reach a valuation of US$ 6.3 Bn by the end of 2029.
Further, effective integration of drones, mobile inspection, and virtual reality are expected to unlock future growth prospects in the global market. Bridge inspection, maintenance, and repair, coupled with rapid technological developments are foreseen to propel market growth, reveals Fact.MR.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4526
Key Takeaways of Global Bridge Inspection Services Market
• Routine bridge inspection services are projected to expand 1.4X as compared to 2019, and account for around 83% of the overall value opportunity in the global market by 2029 end. The growing awareness around damage caused by improper inspection will drive the segment of routine bridge inspection services.
• The inventory inspection purpose segment is expected to create an absolute dollar opportunity ~US$ 766 Mn during the forecast period
• Asia-Pacific will remain the prominent region across the forecast period, accounting for more than 35% share in the global market, as countries in this region are focusing on modernizing their infrastructure
• Transportation over bridges account for nearly three-fifth of the overall bridge inspection market value by the end of the forecast duration
For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=4526
• Demand for bridge construction with permanent bridges is projected to expand 1.3X as compared to 2019
“Adoption of mobile inspection robots, drones, and virtual reality will improve the performance and efficiency of bridge inspection and will also open new growth prospects for service providers” says the Fact.MR analyst
Acquisitions Remain Market Imperative
The report reveals some of the prominent market players, including Mistras Group, KCI Technologies, Stantec, TÜV Rheinland, Mabey Group, ATS Engineering, Burns & McDonnell, Collins Engineers, Volkert Inc., GHD Group Pty Ltd, WSP Global and others.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4526/S
Prominent service providers are continuously focusing on strategic acquisitions in order to expand their geographic presence and business operations. For instance,
• In August 2019 TÜV Rheinland acquired Certio ITV. This strategic acquisition strengthens the mobility business area with 12 new periodical technical inspection centers
• In December 2018, Mistras Group acquired on-stream pipeline inspection services. The acquisition provides company diversification in their business operations. It will also enable company to leverage strength in the midstream segment
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/4526/bridge-inspection-services-market
Content Source: https://www.factmr.com/media-release/1303/global-bridge-inspection-services-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Bridge Inspection Services Market to Reach a Valuation of US$ 6.3 Bn by 2029 end | Mistras Group, KCI Technologies, Stantec here
News-ID: 2277185 • Views: …
More Releases from Fact.MR
Tungsten Carbide Market to Reach USD 38.4 Billion by 2035, Driven by Metalworkin …
The global tungsten carbide market is projected to reach USD 38.4 billion by 2035, rising from USD 22.8 billion in 2025, according to the latest report by Fact.MR. The market is anticipated to expand at a compound annual growth rate (CAGR) of 5.3%, underpinned by accelerating industrial automation, increased demand from metal cutting and mining sectors, and surging applications in the aerospace and defense industries.
The Fact.MR study, "Tungsten Carbide Market…
Airless Tires Market to Surpass USD 3.8 Billion by 2035; EV Expansion and Defens …
The global airless tires market is set to reach USD 3.8 billion by 2035, growing from USD 1.5 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%, according to the latest analysis by Fact.MR. The surge is powered by the rapid electrification of vehicles, expansion of defense-grade tire applications, and the global shift toward maintenance-free sustainable mobility systems.
The Fact.MR study, "Airless Tires Market Size, Share, and Forecast…
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between…
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032.
Market Drivers & Outlook
The demand for…
More Releases for Group
Specialty Insurance Market 2023 | Futuristic Technology- State Farm Group, Progr …
The Specialty Insurance market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Specialty Insurance report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The Specialty Insurance research report also provides insights of different regions that are…
Transit Packaging Market Top Key Players - STI Group, Crown Cork Group, GWP Grou …
Freight transport in transit receives a wide range of vibrational intensities over a period of time. Based on the origin, destination and network of carriers, ocean-going vessels with aircraft will vibrate with the proper amplitude. Cargo handling and sorting operations contribute to lower levels of compressive force than movement in transit. The only exception to this is when the cargo moves in transit. This allows heavier packages to slip into…
Global Baijiu Market 2019-2024 - Kweichow Moutai Group, Wuliangye, Yanghe Brewer …
Global Baijiu Market 2019-2024:
“Global Baijiu Market” report focuses on the comprehensive study of the market involving technological developments, future plans, supply, sales revenue, production, dimensions, overview, manufacturers, growth rate, price, deals, and revenue for the detailed analysis of the Baijiu Market. Moreover, report of the Baijiu efficiently offers the needed characteristics of the global Baijiu market for the individuals and people looking for the business for investments, mergers & acquisitions…
White Spirits Market 2019 Wuliangye Kweichow Moutai Group Yanghe Brewery Daohuax …
As per global White Spirits market report for the period of 2018 to 2023, the White Spirits market is likely to reach an estimate of USD xx million at the end of the 2023 rising at the rate of CAGR xx% throughout the forecast period of 2019 to 2024. The global White Spirits market report covers an exhaustive understanding of the White Spirits that encompasses various important factors like the…
Automotive Metal Market ’size 2019 by Top Key Players: ArcelorMittal, China Ba …
The ‘Automotive Metal Market’ research report assembled by Market Study Report, LLC, provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
This report focuses on the Automotive Metal in global market, especially in North America, Europe…
Steel Ingot Market Outlook and Forecasts 2018 to 2025 and Key Players: ArcelorMi …
The “Global Steel Ingot Analysis to 2025” is a specialized and in-depth study of the Steel Ingot industry with a focus on the global market trend. The report aims to provide an overview of global Steel Ingot with detailed market segmentation by component, type, application and geography. The global Steel Ingot market is expected to witness high growth during the forecast period. The report provides key statistics on the market…
