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Rising Demand For Efficient Transport Solutions Fueling The Growth Of The Market Due To Rapid Urbanization And Infrastructure Pressure Driving Market Acceleration in the Prefabricated Modular Bridges Industry, 2025
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Prefabricated Modular Bridges Market Size By 2025?
The market size for prefabricated modular bridges has seen rapid expansion recently. The market projects growth from $5.99 billion in 2024 to $6.71 billion in 2025, displaying a compound annual growth rate (CAGR) of 12.0%. Factors contributing to this growth during the historic period include swift urbanization, deteriorating infrastructure, the rise in demand for rural connectivity, advancements in smart city projects, and the broadening of road and rail transportation networks.
How Big Is the Prefabricated Modular Bridges Market Size Expected to Grow by 2029?
In the coming years, the market for prefabricated modular bridges is anticipated to witness a swift expansion. The market is predicted to reach $10.6 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.1%. Factors contributing to this growth during the forecast period include enhanced expenditure on public infrastructure projects, escalating demand from mining, oil and gas, as well as energy sectors, the growth of rental and leasing business models, the globalization and export of modular bridge systems and the increased consciousness and successful examples of modular bridge projects. Key trends for the forecast period consist of developments in prefabrication and modular design technologies. These advancements include the incorporation of AI and automation in manufacturing, robotics and 3d printing in component production, the innovation of high-strength and lightweight materials, and customization of modular bridge design through CAD tools.
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Which Key Market Drivers Powering Prefabricated Modular Bridges Market Expansion and Growth?
The escalating requirement for functional transport systems is expected to stimulate the expansion of the prefabricated modular bridges sector in forthcoming years. Efficient transport systems denote comprehensive systems or services developed to effectively transport people, goods or apparatus from one place to another via diverse transportation modes. The call for functional transport systems is climbing due to swift urbanization, escalating traffic congestion and the necessity for shrewder, expedient and sustainable methods to transport people and commodities within expanding cities. Prefabricated modular bridges facilitate efficient transportation by providing quick installation, mitigating traffic interruptions, and supplying flexible, cost-effective resolutions for transient and enduring infrastructure necessities. For example, as per a report released by the American Public Transportation Association, a non-profit organization based in the U.S., in April 2024, the use of public transportation progressively climbed as transit passengers undertook 7.1 billion journeys in 2023, reflecting a 16% surge relative to 2022. Hence, the escalating necessity for effective transportation systems will catalyze the expansion of the prefabricated modular bridges sector.
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What Are the Key Trends Driving Prefabricated Modular Bridges Market Growth?
Mainstream businesses within the prefabricated modular bridges sector are directing their efforts towards inventing technologically superior solutions like modular bridges to lessen the impact on current infrastructure during construction or replacement. Modular bridges, which are pre-engineered, adjustable bridge systems made from prefabricated sections, offer quick installation for creating adaptable, economical, and long-lasting transport solutions. For example, the Ministry of Defence (MoD) in India entered into a contract with Larsen and Toubro (L&T), a local industrial firm, in July 2024 to produce 41 modular bridges at a cost of $310.2 million (2,585 crore). Designed specifically for the Indian Army by the Defence Research and Development Organisation (DRDO), these bridges have a unique design comprising seven carrier vehicles stationed on 8x8 heavy mobility platforms and two launcher vehicles on 10x10 platforms. This innovative configuration enables the mechanical erection* of a fully equipped 46-meter assault bridge in a single span. These bridges, with their fast launch and retrieval capabilities, can be promptly installed across barriers such as ditches and canals. Thanks to their sturdy build and superior mobility, they can move synchronously with wheeled and tracked mechanized units, making them ideal for swift and reliable military manoeuvres.
What Are the Emerging Segments in the Prefabricated Modular Bridges Market?
The prefabricated modular bridges market covered in this report is segmented -
1) By Type: Modular Steel Bridges, Modular Concrete Bridges, Hybrid Modular Bridges
2) By Material: Steel, Concrete, Aluminum, Composite Materials
3) By Installation Method: Pre-Assembled Modular Bridges, Site-Assembled Modular Bridges
4) By Application: Transportation Bridges, Pedestrian Bridges, Railway Bridges, Utility Bridges, Military Bridges
5) 5) By End-User: Government Agencies, Private Sector, Construction And Engineering Companies, Military And Defense
Subsegments:
1) By Modular Steel Bridges: Panelized Steel Bridges, Truss-Type Steel Bridges, Beam And Girder Steel Bridges, Temporary Or Portable Steel Bridges
2) By Modular Concrete Bridges: Precast Slab Bridges, Segmental Concrete Bridges, Box Girder Concrete Bridges, Pre-Tensioned Or Prestressed Concrete Modules
3) By Hybrid Modular Bridges: Steel-Concrete Composite Bridges, Fiber-Reinforced Polymer (FRP) Hybrid Bridges, Concrete Deck On Steel Frame Bridges, Modular Arch Hybrid Bridges
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Who Are the Global Leaders in the Prefabricated Modular Bridges Market?
Major companies operating in the prefabricated modular bridges market are HOCHTIEF, Larsen And Toubro Limited, Strabag SE, Bechtel Corporation, Skanska AB, Obayashi Corporation, Balfour Beatty plc, WSP Global Inc., HNTB Corporation, Severfield plc, Contech Engineered Solutions LLC, TrueNorth Steel Inc., Acrow Corporation, Gulf Coast Pre-Stress Partners Ltd., Gulf Coast Pre-Stress Partners, Ltd., Janson Bridging International B.V., Mabey Bridge Ltd., York Bridge Concepts Inc., Waagner-Biro Bridge Systems GmbH, GatorBridge, Pioneer Bridges, Excel Bridge Manufacturing Co., Algonquin Bridge, Roadrunner Bridge LLC
Which are the Top Profitable Regional Markets for the Prefabricated Modular Bridges Industry?
North America was the largest region in the prefabricated modular bridges market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prefabricated modular bridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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