Global Highway, Street, And Bridge Construction Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Highway, Street, And Bridge Construction Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Highway, Street, And Bridge Construction Market?
The market size for highway, street, and bridge construction has shown consistent growth in the past few years. The market is anticipated to expand from $896.06 billion in 2024 to $938.05 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to the growth throughout the historic period include increasing population and urbanization, the need to replace aging infrastructure, government financing and initiatives, improvements in the transportation network, and economic development objectives.

In the forthcoming years, the size of the highway, street, and bridge construction market is anticipated to witness robust growth, expanding to $1151.74 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. The perceivable growth in the estimated period is due to factors such as smart city initiatives, an emphasis on environmental sustainability, the rise of urban mobility solutions, and resilience and climate adaptions with considerable private sector involvement. Mainstream trends during the forecast period encompasses the usage of innovative materials and composites, partnerships between public and private sectors (PPPs), prioritizing safety with smart construction equipment, implementation of 3D printing in construction as well as the initiation of sustainable transportation infrastructure financing.

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What Are the Different Highway, Street, And Bridge Construction Market Segments?
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

Subsegments:
1) By Highway Construction: New Highway Construction, Highway Rehabilitation And Maintenance, Highway Expansion
2) By Street Construction: New Street Construction, Street Rehabilitation And Maintenance, Street Widening And Upgrades
3) By Bridge Construction: New Bridge Construction, Bridge Repair And Maintenance, Bridge Replacement And Retrofitting

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What Are the Primary Drivers Shaping the Highway, Street, And Bridge Construction Market?
The global rise in infrastructure investments is significantly fueling the growth of the highway, street, and bridge construction market. Infrastructure investment is a fund that primarily focuses on particular securities within the sectors that build a nation's infrastructure. This investment encompasses the infrastructure and services used by the public to live, work, and commute. Both construction and refurbishment of highways, streets, and bridges belong to public or private infrastructure. For instance, the UK's Office for National Statistics unveiled that in 2023, the infrastructure market sector had seen an aggregate investment of approximately $17.5 billion (£13.8 billion) in constant prices, marking a 3.9% increment from 2022. Simultaneously, the estimated net stocks of infrastructure in the market sector totaled about $431.1 billion (£350.2 billion) at constant prices, implying a modest growth of 0.3% compared to the preceding year. Consequently, the surge in infrastructure investments worldwide is propelling the growth of the highway, street, and bridge construction market.

Which Companies Are Leading in the Highway, Street, And Bridge Construction Market?
Major companies operating in the highway, street, and bridge construction market include 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.

What Are the Major Trends Shaping the Highway, Street, And Bridge Construction Market?
Top firms in the highway, street, and bridge construction sector are striving to incorporate cutting-edge technologies in their operations to bolster their market standing. For example, HP, a renowned American technology company, rolled out the Metal Jet S100 Solution in September 2022 to boost supply chain resilience. These innovative 3D printing tools facilitate the mass manufacturing of high-quality metal components for sectors such as automotive, industrial, and healthcare. The Metal Jet S100 promises quicker production cycles, enhanced adaptability, and cost-effectiveness, hence enabling designs and solutions that align with shifting market requirements. These cutting-edge technological strides are likely to significantly influence the Highway, Street, and Bridge Construction market by potentially making the production process of infrastructure parts more efficient and shortening construction periods.

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What Are the Top Revenue-Generating Geographies in the Highway, Street, And Bridge Construction Market?
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2024. The regions covered in the highway, street, and bridge construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Highway, Street, And Bridge Construction Market?
2. What is the CAGR expected in the Highway, Street, And Bridge Construction Market?
3. What Are the Key Innovations Transforming the Highway, Street, And Bridge Construction Industry?
4. Which Region Is Leading the Highway, Street, And Bridge Construction Market?

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