Rising Automobile Numbers Fueling Growth In Bridges And Tunnels Market: Core Growth Enabler in the Bridges And Tunnels Market, 2025

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What Is the Expected CAGR for the Bridges And Tunnels Market Through 2025?
Over the last few years, the market size for bridges and tunnels has seen robust growth. An increase from $148.49 billion in 2024 to $158.42 billion in 2025 with a compound annual growth rate (CAGR) of 6.7% is forecasted. Factors such as urbanization, population increase, the need for maintenance and upgrades, adherence to environmental regulations and economic progress have contributed to the growth in the past.

What's the Projected Size of the Global Bridges And Tunnels Market by 2029?
The market size for bridges and tunnels is predicted to experience significant expansion in the upcoming years, escalating to a value of $208.16 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. The surge in growth during the forecast period can be credited to factors such as smart infrastructure, sustainable practices, initiatives in urban planning, resilience and adaptation to climate change, and public-private collaborations. The key trends anticipated during this period include the digitalization and BIM, the incorporation of technology for safety enhancement, technological progress, digital twin technology, and the use of advanced materials and building methodologies.

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Top Growth Drivers in the Bridges And Tunnels Industry: What's Accelerating the Market?
The growth of the bridges and tunnels market is heavily influenced by the rise in the number of automobiles on the roads. Automobiles, which are primarily four-wheeled vehicles driven by an internal combustion engine, are a preferred choice for transportation and are often transported through bridges and tunnels. These structures provide a convenient and secure way for automobiles to traverse across rivers, through tunnels and over valleys, ultimately reducing traffic. As an example, in November 2023, Statistics Canada, a government-based agency reported that there was a slight escalation in the total count of registered motor vehicles on the roads in 2022. The number rose by 0.3%, equating to an additional 78,655 units, reaching a total of 26.3 million. Such an increase in the number of automobiles on roads contributes to the growth of the bridges and tunnels market.

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What Trends Will Shape the Bridges And Tunnels Market Through 2029 and Beyond?
Advancements in technology is becoming a notable trend in the bridges and tunnels industry. Many leading companies in this field are focusing on the creation of novel solutions to solidify their market standing. For example, Acciona, S.A., a construction and infrastructure firm based in Spain introduced a new tunnel technology solution named Digitunnel in January 2023. This real-time technology aims at offering superior control and progress assurance in tunnel construction projects. The technology collects and merges large amounts of real-time data generated at the project location, converting it into useful and easily accessible information. This development provides up-to-the-minute updates on the project's progress, enhances safety for workers, and significantly reduces the need for human supervision and documentation. Moreover, this technology can swiftly detect the presence of any potentially harmful gases in the tunnel, further enhancing worker safety.

What Are the Main Segments in the Bridges And Tunnels Market?
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

Subsegments:
1) By Tunnel: Road Tunnels, Rail Tunnels, Utility Tunnels, Pedestrian Tunnels
2) By Bridge: Arch Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Bridges, Truss Bridges

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Which Top Companies are Driving Growth in the Bridges And Tunnels Market?
Major companies operating in the bridges and tunnels market include 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.

Which Regions Will Dominate the Bridges And Tunnels Market Through 2029?
Asia-Pacific was the largest region in the bridges and tunnels market in 2024. The regions covered in the bridges and tunnels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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