Press release
Global Pedestrian Bridge Market: Growth Opportunities, Influential Factors, and Future Prospects for 2024-2029
Pedestrian Bridge Market Size
What Is The Projected Market Size Of The Global Pedestrian Bridge Market And Its Growth Rate?
•The pedestrian bridge market is expected to grow from $94.86 billion in 2024 to $100.39 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.8%.
•Continued strong growth is expected, reaching $129.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%.
•Such growth can be attributed to emerging components like public transport integration, smart city initiatives, rising awareness of health benefits, bike-friendly infrastructure, and adaptive reuse of existing structures.
What Is Driving The Growth In The Pedestrian Bridge Market?
Government investments in public infrastructure such as roads are significantly propelling the growth of the pedestrian bridge market. Funds allocated by governmental authorities targeted towards developing public infrastructure like roads contribute immensely to the growth of this sector. For example, in 2023, the Australian government committed $5.3 billion to improving and renewing road infrastructure in the 2023-24 state budget. Through such investment, the pedestrian bridge market is expected to witness substantial growth in the coming years.
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Who Are the Key Players Driving Pedestrian Bridge Market Growth?
Major players in the pedestrian bridge market include:
•Skanska AB
•Kiewit Corporation
•SNC-Lavalin Group Inc.
•Arup Group
•Contech Engineered Solutions LLC
•Mace Group Ltd
•Walsh Group Inc.
•Southland Holdings Inc
•Flatiron Construction Corporation
•Cianbro Corporation
•Kinsley Construction
•Skidmore Owings & Merrill LLP
•TrueNorth Steel Inc.
•Denton Corker Marshall LLP
•McLean Contracting Company
•IJP Corporation Ltd
What Are The Key Trends In The Pedestrian Bridge Market?
Key market trends include:
•Architectural innovation
•Focus on inclusive design
•Eco-friendly design trends
•Technological advancements in construction materials
•Integration with green spaces
•Digital twin technology.
What Are The Segments Of The Global Pedestrian Bridge Market?
The pedestrian bridge market is segmented as follows:
•By Type: Truss Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Pedestrian Bridges, Arch Bridges
•By Material: Concrete, Steel, Composite, Other Materials
•By Construction Type: New Construction, Reconstruction, And Repair
•By End-User: Public, Private, Industrial, Transportation, Parks And Recreational Facilities
Which Region Leads The Pedestrian Bridge Market?
Asia-Pacific was the dominant region in the pedestrian bridge market in 2024. The comprehensive market report covers every region, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Pedestrian Bridge Market Global Market Report?
•Market Size Analysis: Analyze the Pedestrian Bridge Market size by key regions, countries, product types, and applications.
•Market Segmentation Analysis: Identify various subsegments within the Pedestrian Bridge Market for effective categorization.
•Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
•Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
•Market Contribution: Evaluate contributions of different segments to the overall Pedestrian Bridge Market growth.
•Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
•Industry Challenges: Analyze challenges and risks affecting the Pedestrian Bridge Market.
•Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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