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Transportation Infrastructure Construction Market Trends That Will Shape the Next Decade: Insights from Strategic Partnerships In Transportation Infrastructure Construction Driving Innovation And Collaboration
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsHow Large Will the Transportation Infrastructure Construction Market Size By 2025?
The market for transportation infrastructure construction has seen robust growth in the past several years. It's projected to expand from $3398.27 billion in 2024 to $3587.95 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. The upward trend in the historical period is due to factors such as rising population, urban growth, old infrastructure, governmental funding, technological evolution, and ecological mandates.
How Big Is the Transportation Infrastructure Construction Market Size Expected to Grow by 2029?
In the coming years, the market size for construction of transportation infrastructure is projected to experience robust growth. The market is anticipated to reach a value of $4397.96 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%. Several factors contributing to the growth during the forecast period involve smart transportation systems, incorporation of renewable energy, adaptation to climate change, public-private collaborations (PPPs), and progress in digitalization and automation. Key trends during the forecast period comprise the development of sustainable infrastructure, establishment of multimodal transportation hubs, reinforcement of infrastructure resilience, data-informed decision making, and modular construction.
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Which Key Market Drivers Powering Transportation Infrastructure Construction Market Expansion and Growth?
As the tourism sector expands, it's anticipated that it will fuel the growth of the transportation infrastructure construction industry. Activities, services, and facilities making travel and leisure experiences possible for individuals venturing beyond their usual surroundings are encompassed within the tourism sector. The industry's growth can be attributed to increased disposable income, easier accessibility to travel, and a longing for cultural exposure and leisure experiences. Robust road networks are often essential at tourism destinations to ensure access to attractions, lodging, and facilities. Governments and transportation bodies invest in the building and improvement of roads and highways to facilitate tourist activities, improve connectivity amongst destinations, and stimulate economic growth in tourist regions. For instance, from data gathered by the United Kingdom's Office for National Statistics in March 2024, the number of visits to the UK by international travelers saw an increase to 3.0 million in June 2022, up from 2.8 million recorded in May 2022. Hence, the expansion of the tourism sector is projected to propel the growth of the construction industry concerned with transportation infrastructure.
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Which Fast-Growing Trends Are Poised to Disrupt the Transportation Infrastructure Construction Market?
In an effort to boost project implementation and stimulate innovation, leading businesses in the transportation infrastructure construction market are opting for strategic alliances. This approach allows companies to capitalize on each other's unique abilities and resources for mutual advantage and prosperity. To exemplify, Ferrovial, a Finnish firm specializing in construction and maintenance services for electrical technical services, teamed up with the Georgia Institute of Technology, a renowned research university and technical institute based in Georgia, in September 2023. The collaboration is intended to foster advanced innovations in the field of transport infrastructure, offering joint research opportunities, new educational prospects for learners, and assisting Ferrovial in its quest for a more sustainable mobility future.
What Are the Emerging Segments in the Transportation Infrastructure Construction Market?
The transportation infrastructure construction market covered in this report is segmented -
1) By Infrastructure Type: Roads, Highways, And Bridges, Railways And Metros, Sea Ports, Airports
2) By Construction Type: New Construction, Repair And Maintenance
3) By Application: Urban, Rural
Subsegments:
1) By Roads, Highways, And Bridges: Urban Roads, Rural Roads, Expressways, Overpasses, Underpasses, Pedestrian Bridges, Suspension Bridges
2) By Railways And Metros: Urban Railways, High-Speed Railways, Metro Stations And Tracks, Light Rail Systems
3) By Sea Ports: Container Terminals, Cargo Ports, Passenger Ports, Dry Ports, Port Expansion And Modernization
4) By Airports: Runways, Terminals, Taxiways, Cargo and Logistics Facilities, Airport Infrastructure Expansion
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Who Are the Global Leaders in the Transportation Infrastructure Construction Market?
Major companies operating in the transportation infrastructure construction market are China Communications Construction Company, Vinci SA, CK Hutchison Holdings, CRH plc, Hochtief AG, Bechtel Corporation, Colas Group, Fluor Corporation, Bouygues Construction SA, Larsen & Toubro Limited, AECOM, Kiewit Corporation, Balfour Beatty plc, Laing O'Rourke, Jacobs Engineering Group Inc., TATA Projects, KEC International Limited, Hindustan Construction Company Limited, Globalvia Inversiones S.A., Megha Engineering & Infrastructures Limited, ACS Group of Companies LLC, Beijing Urban Construction Group, Eagle Infra India Ltd., IRB Infrastructure Developers Ltd
Which are the Top Profitable Regional Markets for the Transportation Infrastructure Construction Industry?
Asia Pacific was the largest region in the transportation infrastructure construction market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the transportation infrastructure construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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