Highway, Street, and Bridge Construction Market: Comprehensive Market Research, Industry Insights, Growth Drivers, and Future Potential

The new report published by The Business Research Company, titled "Highway, Street, And Bridge Construction Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Global Surge In Infrastructure Investments Fuels Booming Growth In Highway, Street, And Bridge Construction Market
Increased infrastructure investments across the globe are significantly contributing to the growth of the highway, street, and bridge construction market going forward. An infrastructure investment refers to an investment fund that concentrates on specific securities within the sectors that create the country's infrastructure. This includes making investments in the infrastructure and services that the general population uses to live, work, and travel. Highway, street, and bridge construction and renovation all fall under public or private infrastructure. For instance, according to a report shared by USA Facts, a US-based non-profit organization and website that provides data and reports on the United States population, spending on infrastructure and transportation in 2022 will be 21% greater than it was in 2019 before the epidemic. Highway transportation accounted for about 39% of federal investment in infrastructure and transportation in 2022, while rail and mass transit accounted for 28%. The remainder went to water (9%), and 22% went to air travel. Therefore, increased infrastructure investments across the globe are driving the growth of the highway, street, and bridge construction market.

Technological Advancements Propel Innovation In Highway, Street, And Bridge Construction Market
Technological advancements are a key trend gaining popularity in the highway, street, and bridge construction market. Major companies operating in the highway, street, and bridge construction market are focused on developing and integrating latest technologies in the construction of highways, streets, and bridges to strengthen their position in the market. For instance, in July 2021, MX3D, a Netherlands-based software company that develops robotic 3D metal printing technology, constructed and introduced a 12-meter-long 3D-printed pedestrian street 'smart bridge' in Amsterdam. The bridge was built from stainless steel rods using six-axis robotic arms outfitted with welding equipment and four commercially available industrial robots. The company provided common industrial robots with tools that were specifically designed for them and created the software to control them. The innovative method enables the company to 3D-print metal structures that are robust, intricate, and graceful.

The highway, street, and bridge construction market covered in this report is segmented -

1) By Type: Highway, Street, Bridge
2) By Construction Type: New Construction, Reconstruction And Repair
3) By Funding: Government Funding, Private Funding

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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.

Contents of the report:
1. Executive Summary
2. Highway, Street, And Bridge Construction Market Report Structure
3. Highway, Street, And Bridge Construction Market Trends And Strategies
4. Highway, Street, And Bridge Construction Market - Macro Economic Scenario
5. Highway, Street, And Bridge Construction Market Size And Growth
…..
27. Highway, Street, And Bridge Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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