Bridge Construction Market Size Worth US$ 1,193.3 Million Globally by 2027, at 5.10% CAGR

According to the latest report by IMARC Group, titled "Bridge Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global bridge construction market reached a value of US$ 870.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1193.3 Million by 2027, exhibiting at a CAGR of 5.10% during 2022-2027.

Bridge construction refers to building solid structures that span horizontally between supports to carry vertical loads. Precast, cast-in-situ, balanced cantilever, span by span casting, incremental launching, arch, cable-stayed, and advanced shoring are some of the methods commonly used for bridge construction. Different construction methods are employed depending on various factors, such as site accessibility, the scale of the bridge, the time allowed for construction, regularity of span lengths, material costs, environmental factors, and engineering constraints. Nowadays, the demand for bridge construction has rapidly escalated across the globe due to expanding road networks.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Bridge Construction Market Growth:

The increasing number of vehicles on roads and rising traffic congestion represent the primary factors driving the market growth. Besides this, the shifting focus toward public-private partnerships for developing transport infrastructure, coupled with strong economic growth, is another major growth-inducing factor. Additionally, the expansion of railway networks due to rapid urbanization and population growth has strengthened the need for railway bridges to enhance accessibility to urban areas. Moreover, several favorable initiatives undertaken by governments of various countries, such as increased funding and support for infrastructure development, have catalyzed the market growth. Furthermore, various technological advancements, including the launch of Geosynthetic Reinforced Soil-Integrated Bridge System (GRS-IBS) technology to reduce the overall bridge construction time and costs, have positively influenced the market growth. Apart from this, the rising construction of suspension bridges in the sea to improve connectivity and the growing adoption of precast or prestressed concrete panels to facilitate faster construction are also creating a positive market outlook.

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Key Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• ACS Group (Grupo ACS)
• AECOM
• Balfour Beatty plc
• Bouygues S.A.
• China Communications Construction Company Limited
• China State Construction Engineering Corporation
• Fluor Corporation
• Kiewit Corporation
• Samsung C&T Corporation
• Strabag SE
• Vinci SA

Breakup by Type:

• Beam Bridge
• Truss Bridge
• Arch Bridge
• Suspension Bridge
• Cable-stayed Bridge
• Others

Breakup by Material:

• Steel
• Concrete
• Composite Materials

Breakup by Application:

• Road and Highway
• Railway

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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