2025-2034 Bridges Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Bridges Market Through 2025?
In recent years, the size of the bridges market has seen a significant increase. The market, which will be worth $118.17 billion in 2024, is estimated to grow to $124.37 billion by 2025, with a compound annual growth rate (CAGR) of 5.2%. The surge in growth during the historic period can be linked to factors like government expenditure, urbanization, industrialization, population increase, and trade development.

What's the Projected Size of the Global Bridges Market by 2029?
The market for bridges is anticipated to experience substantial growth in the coming years, with projections showing a rise to $162.61 billion in 2029. This increase, exhibiting a compound annual growth rate (CAGR) of 6.9%, is largely due to factors such as sustainable and smart infrastructure, resilience and adaptability, integration of renewable energy, and the use of advanced materials. Notable trends projected to emerge in this forecast period include the initiation of public-private partnerships, the adoption of modular and prefabricated construction methods, the focus on aesthetic design and landscaping, the incorporation of AI and automation technology, as well as the development of floating bridges.

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Top Growth Drivers in the Bridges Industry: What's Accelerating the Market?
The escalating advancements in infrastructure globally are predicted to stimulate the bridges market growth. Infrastructure, both physical and organizational, forms the backbone of operations for businesses and communities. This includes structures such as buildings, roads, power utilities, and bridges, vital for the sustenance and prosperity of households and enterprises. Bridges are part of the hard infrastructure, essential for managing increasing traffic. For example, in August 2024, the UK-based independent statistics organization, the Office for National Statistics, reported a 16.5% or £1,771 million ($2,224 million) increase in total construction new orders in the second quarter of 2024 compared to the first quarter. This surge in construction was mainly fueled by private commercial new work and infrastructure new work, which rose by 15.1% £503 million ($637 million) and 23.4% £389 million ($490 million) respectively. Hence, heightened investments in infrastructure development will bolster the progression of the bridges market.

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Which Fast-Growing Trends Are Poised to Disrupt the Bridges Market?
Major players in the bridge industry are strengthening their market position and stimulating infrastructure growth by forging strategic alliances. These collaborations work on a two-way basis where businesses capitalize on each other's expertise and resources for reciprocal advantages and accomplishment. As an example, in June 2024, InQuik Inc., an inventive American bridge company, collaborated with Commercial Metals Company, an American construction services provider. They aim to popularize the InQuik bridge solution throughout the United States. With this partnership, more communities can avail of durable, top-quality bridges at a reduced cost. Moreover, this also enables InQuik to rapidly broaden its scale by capitalizing on CMC's extensive influence and production capabilities.

What Are the Main Segments in the Bridges Market?
The bridges market covered in this report is segmented -

1) By Type: Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge
2) By Material: Steel, Concrete, Composite Material
3) By Application: Road and Highway, Railway

Subsegments:
1) By Beam Bridge: Simple Beam Bridge, Continuous Beam Bridge, Cantilever Beam Bridge
2) By Truss Bridge: Pratt Truss Bridge, Warren Truss Bridge, Howe Truss Bridge
3) By Arch Bridge: Concrete Arch Bridge, Steel Arch Bridge, Masonry Arch Bridge
4) By Suspension Bridge: Main Cable Suspension Bridge, Hanger Suspension Bridge
5) By Cable-Stayed Bridge: Single Plane Cable-Stayed Bridge, Multiple Plane Cable-Stayed Bridge

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Which Top Companies are Driving Growth in the Bridges Market?
Major companies operating in the bridges market include ACS Actividades de Construcción y Servicios S.A., AECOM Technology Corporation, Balfour Beatty plc, China Communications Construction Company Limited, China Railway Group Limited, Fluor Corporation, Hochtief Aktiengesellschaft, Kiewit Corporation, Samsung C&T Corporation, VINCI S.A., Sanford Contractors Inc., Precon Smith Construction Inc., Brennan Industries Inc., Milbocker & Sons Inc., WSP Global Inc., Bouygues Construction, Bechtel Corporation, Skanska AB, Larsen & Toubro Limited, Obayashi Corporation, Salini Impregilo S.p.A., Ferrovial S.A., JFE Engineering Corporation, T.Y. Lin International Group, The Lane Construction Corporation, COWI A/S, KBR Inc., The Walsh Group Ltd., HNTB Corporation, Tutor Perini Corporation, Sundt Construction Inc., Graham Construction & Engineering LP, PCL Construction Enterprises Inc.

Which Regions Will Dominate the Bridges Market Through 2029?
Asia-Pacific was the largest region in the bridges market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

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