Press release
Global Bridge Construction Market Growing at a CAGR of 4.6% from 2020 to 2027 | by Type, Material & Application
Bridge Construction Market
The initiative Global Infrastructure Hub initiated by G20 works with private and public sectors globally to enhance the flow and quality of infrastructure projects. At the same time, rapid urbanization and improvements in technology, such as Geosynthetic Reinforced Soil–Integrated Bridge System (GRS–IBS) are expected to drive the growth of the market. These improved technologies aim to reduce the time and cost involved in bridge construction and drives the bridge construction market growth.
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According to a new report published by Allied Market Research, titled, “Bridge Construction Market by Type, Material, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global bridge construction market size was valued at $908.0 billion in 2019, and is projected to reach $1,212.6 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027.
Bridge Construction Market by Type (Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge, and Others), Material (Steel, Concrete, and Composite Materials), and Application (Road & Highway and Railway)
Competition Analysis
The key companies profiled in the report include ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd, Fluor, HOCHTIEF AG, Kiewit Corporation, SAMSUNG C&T, and VINCI.
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Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging bridge construction market trends and dynamics.
In-depth bridge construction market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.
Extensive analysis of the bridge construction market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global bridge construction market forecast analysis from 2020 to 2027 is included in the report.
The key players operating in the bridge construction market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the bridge construction industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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