Press release
Highway, Street and Bridge Construction Market: Global Industry Size, Share, Industry Trend and Forecast To 2022
The global highway, street and bridge construction market is registering strong growth due to increasing investments, government initiatives, and economic growth in developing and developed economies. At the same time, emerging market growth, low interest rate environment, rapid urbanization, rising population, improving technology, and growth in construction industry and is driving the demand for highway, street and bridge construction.
The market for highway, street and bridge construction reached a value of nearly $1,464.6 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% to nearly $2,191.5 billion by 2022.
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The market for highway, street and bridge construction is fairly concentrated with a few large players dominating the market. Major players in the market are China Railway Group Ltd, China Railway Construction Corporation Limited, Groupo ACS, VINCI and others.
Roads and highways accounted for the largest share of the market for highway, street and bridge construction in 2017 at REDACTED. The highest growth is also projected to come from Bridges, which isforecasted to grow at a CAGR of REDACTED. Major factors included economic growth, increasing investmentsand high demand for enhanced connectivity from nations across the world.
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Asia Pacific is the largest market for highway, street and bridge, accounting for REDACTED of the global market.North America, and Middle East followed it. Going forward, Eastern Europe is expected to witness thefastest growth in the highway, street and bridge market, estimated to grow at a CAGR of REDACTED, followedby Africa, which is expected to grow at a CAGR of REDACTED.
China is the largest market in terms of value and in the highway, street and bridge construction market.Russia and India are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED,respectively.
The market is challenged by restraints such as decline in stringent regulations, uncertain market conditions, decrease in productivity and shortage of workforce.
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Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Highway, Street and Bridge Construction Market Characteristics
Chapter 4 Highway, Street and Bridge Construction Market Size and Growth
Historic Market Growth
Drivers of the Market
Restraints on the Market
Forecast Market Growth
Drivers of the Market
Restraints on the Market
Chapter 5 Highway, Street and Bridge Construction Market Trends and Strategies
Digital Technologies Improving Construction Safety
Building Information Modeling (BIM) To Improve Productivity
Use of Autonomous Construction Vehicles to Improve Productivity
Chapter 6 PESTLE Analysis
Political
Economic
Emerging Markets
Public Private Partnerships
Technological
Smart Highways
3D Paving
Social
Employment Opportunities
Legal
Environmental
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