Bridge Construction Market registering a CAGR of 5.0% and is projected to reach $1,416.9 billion by 2030
increasing demand for new bridges, particularly in emerging economies, coupled with continued government investments in infrastructure
Through precision, innovation, and resilience, the construction and manufacturing industries build the frameworks and tools that shape our modern world”
WASHINGTON, DE, UNITED STATES, February 5, 2025 /EINPresswire.com/ -- The 𝐛𝐫𝐢𝐝𝐠𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 has experienced substantial growth, driven primarily by increasing urbanization and rapid industrialization, particularly in emerging economies. These factors have led to a significant rise in infrastructure investments worldwide. The Asia-Pacific region dominated the market in 2020 due to accelerated development in key countries such as China and India.— AMR
According to a recent report published by Allied Market Research, titled "Bridge Construction Market by Type, Material, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global bridge construction market was valued at $857.7 billion in 2020. It is projected to reach $1,416.9 billion by 2030, registering a compound annual growth rate (CAGR) of 5.0% from 2021 to 2030.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://www.alliedmarketresearch.com/request-sample/5420
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬
In 2020, Asia-Pacific generated the highest revenue and is expected to maintain its growth momentum with a high CAGR throughout the forecast period. This trend is closely followed by LAMEA (Latin America, Middle East, and Africa) and North America. The surge in road and highway construction in developing nations such as India, China, and Brazil has significantly contributed to the increasing demand for new bridges. However, economic volatility in Latin America could pose a challenge to the market's growth. Nevertheless, this impact is expected to lessen in the coming years due to rising competition and continuous bridge development initiatives by industry players.
𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐁𝐫𝐢𝐝𝐠𝐞 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧
The bridge construction market is segmented by type, including beam, truss, arch, suspension, cable-stayed, and other bridges. The "others" category includes specialized structures such as stressed ribbon, pile, covered, and cantilever bridges. Among these, beam bridges held the largest market share in 2020, primarily due to their extensive demand in the transport infrastructure sector.
𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥-𝐁𝐚𝐬𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
By material, concrete emerged as the dominant segment in 2020, accounting for the largest market share. Additionally, steel bridges play a crucial role in railway networks, facilitating inter-state and international connectivity, which in turn supports economic activities such as trade. Governments worldwide are investing heavily in railway infrastructure to enhance economic productivity, which has subsequently led to a rise in the demand for steel bridges. As a result, railway infrastructure developments are a significant driver of the bridge construction market.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠@ https://www.alliedmarketresearch.com/purchase-enquiry/5420
𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
Rapid urbanization, particularly in developing regions, has fueled the need for new bridges to support expanding transportation networks. This trend has created lucrative opportunities for the bridge construction industry, encouraging both public and private sector investments in large-scale infrastructure projects.
𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧-𝐁𝐚𝐬𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
On the basis of application, the road and highway segment accounted for the highest market share in 2020 and is expected to retain its leading position throughout the forecast period. This growth is attributed to factors such as rising urbanization, increased industrial activities, population growth, and continuous government initiatives to expand and upgrade transport infrastructure.
New bridge construction projects, especially in developing countries such as India, Brazil, Vietnam, and China, were adversely affected by lockdowns and economic slowdowns. The pandemic led to project delays and supply chain disruptions, hindering the completion of bridge construction activities worldwide. However, with the gradual resumption of construction projects and government stimulus packages, the market is expected to recover in the coming years.
𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐀𝐝𝐨𝐩𝐭𝐞𝐝 𝐛𝐲 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
To sustain the intense competition in the bridge construction industry, leading companies have adopted strategies such as product development, acquisitions, and business expansion. For instance, in August 2017, Samsung C&T, a South Korea-based construction firm, successfully completed the Mersey Gateway Bridge. This 2.13 km long, six-lane cable-stayed bridge was constructed at an estimated cost of approximately $450 million. Such strategic initiatives play a vital role in enhancing companies' market presence and boosting overall industry growth.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬
The beam bridge segment was the highest revenue contributor in 2020.
The concrete segment dominated the market in 2020.
The road and highway segment led the market in 2020.
Asia-Pacific generated the highest revenue in 2020.
𝐔𝐩𝐝𝐚𝐭𝐞 𝐎𝐧 𝐃𝐞𝐦𝐚𝐧𝐝@ https://www.alliedmarketresearch.com/request-for-customization/5420
𝐌𝐚𝐣𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
The key players operating in the bridge construction market include:
ACS Group
AECOM
Balfour Beatty
China Communications Construction Company Limited
China Railway Group Ltd
Fluor Corporation
HOCHTIEF AG
Kiewit Corporation
Samsung C&T
VINCI
These companies have focused on product innovation, business expansion, and strategic partnerships to strengthen their market position. By leveraging new technologies and sustainable construction practices, they aim to enhance efficiency, reduce costs, and improve the durability of bridge structures.
𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
The bridge construction market is poised for steady growth, driven by rising infrastructure investments, increasing urbanization, and advancements in construction technologies. Governments worldwide continue to prioritize the development of transport networks to support economic growth and improve connectivity. Additionally, initiatives focused on sustainable construction methods and smart infrastructure are expected to shape the future of the bridge construction industry.
David Correa
Allied Market Research
+ 1 800-792-5285
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