Press release
Bridges And Tunnels Global Market Report 2024 - By Size, Drivers, Key Factors, Report, Forecast To 2033
Bridges And Tunnels
The Business Research Company offers in-depth market insights through Bridges And Tunnels Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The bridges and tunnels market size has grown strongly in recent years. It will grow from $144.19 billion in 2023 to $152.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to urbanization, population growth, maintenance and upgrades, environmental regulations, economic development.
The bridges and tunnels market size is expected to see strong growth in the next few years. It will grow to $195.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to smart infrastructure, sustainable practices, urban planning initiatives, resilience and climate change adaptation, public-private partnerships. Major trends in the forecast period include digitalization and BIM, technological integration for safety, technological advancements, digital twin technology, advanced materials and construction techniques.
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Market Segmentation:
The bridges and tunnels market covered in this report is segmented -
1) By Type: Tunnel, Bridge
2) By Material: Steel, Concrete, Composite Material
3) By Application: Commercial, Government
Major Driver - Rising Automobile Numbers Fueling Growth In Bridges And Tunnels Market
The increasing number of automobiles on roads is expected to propel the growth of the bridges and tunnels market going forward. An automobile is a four-wheeled vehicle powered by an internal combustion engine. It is commonly known as a car and is among the most popular modes of transportation. Automobiles are typically transported via bridges and tunnels. Automobiles drive across rivers and through tunnels and bridges to avoid traffic and cross valleys; it makes the journey easy and safe. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the increasing number of automobiles on roads is driving the growth of the bridges and tunnels market.
Competitive Landscape:
Major companies operating in the bridges and tunnels market report are China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, China Communications Construction Company Limited, Bouygues S.A., Hochtief AG, Larsen & Toubro Construction, Kajima Corporation, Bechtel Corporation, Kiewit Corporation, Fluor Corporation, AECOM Technology Corporation, Acciona S.A., Balfour Beatty plc, Bilfinger Berger AG, Aecon Group Inc., Daelim Industrial Co. Ltd., Tutor Perini Corporation, Construcciones y Auxiliar de Ferrocarriles (CAF), Granite Construction Inc., Hatch Ltd., Construction Partners Inc., Copasa Group, Lane Construction Corporation, Dywidag Interbuild GmbH, American Bridge Company, Dragados Inc., ECC Group plc, 3TI Progetti S.p.A., Aktor SA, Abertis Infraestructuras S.A.
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Top Trend - Better And Enhanced Boost Bridges And Tunnels Market Presence
Major companies operating in the bridges and tunnels market are focusing on advanced solution, such as circular 3D-printed concrete bridges, to meet evolving infrastructure demands. A circular 3D-printed concrete bridge is an innovative infrastructure solution created using advanced printing technology to enhance structural efficiency and design flexibility. For instance, in December 2023, Holcim, a Switzerland-based building material manufacturing company, launched Phoenix, the first-of-its-kind circular 3D-printed concrete bridge This innovative structure was created utilizing Holcim's exclusive ECOCycle circular technology and a specially formulated concrete ink containing recycled materials. The circular construction, facilitated by computational design and 3D printing techniques, enables a remarkable 50% reduction in material usage without sacrificing performance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bridges And Tunnels Market Characteristics
3. Bridges And Tunnels Market Trends And Strategies
4. Bridges And Tunnels Market - Macro Economic Scenario
5. Bridges And Tunnels Market Size And Growth
…..
27. Bridges And Tunnels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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