Global Surge In Infrastructure Investments Fuels Booming Growth In Highway, Street, And Bridge Construction Market: Strategic Insights Driving Highway, Street, And Bridge Construction Market Momentum in 2025

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How Large Will the Highway, Street, And Bridge Construction Market Size By 2025?
The size of the market for construction of highways, streets, and bridges has seen a consistent increase in the past few years. It is predicted to expand from $875.16 billion in 2024 to $904.47 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%. The traction in growth during the historic period can be linked to factors such as rising population and urbanization, the need to replace deteriorating infrastructure, government financing and schemes, improvements in transportation network, and aims of economic development.

How Big Is the Highway, Street, And Bridge Construction Market Size Expected to Grow by 2029?
The size of the highway, street, and bridge construction market is projected to experience significant growth in the coming years. By 2029, it's expected to expand to $1105.34 billion with a CAGR of 5.1%. Smart city projects, a focus on environmental sustainability, the rise of urban mobility solutions, resilience and climate adaptation, and private sector involvement are all factors contributing to growth during the forecast period. Key trends for this period include the use of innovative materials and composites, collaborations with public-private partnerships (PPPs), an emphasis on safety and advanced construction equipment, the utilization of 3D printing techniques within construction, and the launching of sustainable transportation infrastructure financing.

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Which Key Market Drivers Powering Highway, Street, And Bridge Construction Market Expansion and Growth?
The augmentation in infrastructure investments globally is a prominent factor aiding the expansion of the highway, street, and bridge construction market. Infrastructure investment is a fund dedicated to specific securities in sectors that establish a nation's infrastructure, involving investments in essential services and infrastructure that are necessary for people's daily living, working, and commuting. All construction and renovation of highways, streets, and bridges constitute public or private infrastructure. In confirmation, the Office for National Statistics, a government department in the UK, revealed in July 2024 that there was an approximately $17.5 billion (£13.8 billion) investment in the infrastructure market in 2023 at constant prices, a rise of 3.9% from 2022. Concurrently, the predicted net stocks of infrastructure in the market were nearly $431.1 billion (£350.2 billion), indicating a slight growth of 0.3% from the previous year. Therefore, the surge in worldwide infrastructure investments is spurring the development of the highway, street, and bridge construction market.

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What Are the Key Trends Driving Highway, Street, And Bridge Construction Market Growth?
Key players in the highway, street, and bridge construction market are striving to adopt and incorporate the latest technologies into their construction processes in order to solidify their market stance. For instance, in September 2022, the US multinational tech firm, HP, rolled out the Metal Jet S100 Solution with the aim of bolstering supply chain resilience. This cutting-edge 3D printing technology facilitates the large-scale production of superior metal components for sectors such as automotive, industrial, and medical. The Metal Jet S100 allows for swifter production cycles, improved flexibility, and cost-effectiveness, all while accommodating customer-focused designs and solutions in response to shifting market needs. Hence, such technical innovation could significantly transform the Highway, Street, and Bridge Construction market, potentially making the production of infrastructure elements more efficient and shrinking construction timelines.

What Are the Emerging Segments in the Highway, Street, And Bridge Construction Market?
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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Highway, Street, And Bridge Construction Industry?
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.

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