Bridges Global Market Report 2024

Description

Bridges encompass structures built to overcome physical obstacles like water bodies, valleys, or roads, facilitating passage over these impediments. Construction materials for bridges commonly include structural steel, reinforced concrete, pre-stressed concrete, or post-tensioned concrete, chosen based on the structural requirements of the specific bridge.

There are various types of bridges, each with unique designs and functionalities. These include the beam bridge, truss bridge, arch bridge, suspension bridge, and cable-stayed bridge. A beam bridge, for instance, consists of horizontal supports resting on two endpoints, bearing traffic by acting as a sturdy beam capable of withstanding both dynamic and static loads. Materials used in bridge construction range from steel and concrete to composite materials. Bridges find applications in supporting roads, highways, and railways, among other transportation networks.

The bridges market research report is one of a series of new reports from The Business Research Company that provides bridges market statistics, including bridges industry global market size, regional shares, competitors with a bridges market share, detailed bridges market segments, market trends and opportunities, and any further data you may need to thrive in the bridges industry. This bridges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bridges market size has grown strongly in recent years. It will grow from $118.56 billion in 2023 to $126.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. Historical growth in the construction of bridges can be attributed to several key factors. These include substantial government spending on infrastructure projects, the trend toward urbanization, rapid industrialization, population growth leading to increased infrastructure needs, and the expansion of trade, necessitating better transportation networks and connectivity.

The bridges market size is expected to see strongly grown in the next few years. It will grow to $164.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. Anticipated growth in the forecast period for bridge construction is expected to be driven by several factors. These include the emphasis on sustainable infrastructure practices, the development of smart infrastructure solutions, the focus on resilience and adaptability in construction, the integration of renewable energy into bridge projects, and advancements in utilizing advanced materials for construction.

Anticipated growth in global infrastructure development stands as a driving force behind the expansion of the bridges market. Infrastructure encompasses essential physical and organizational structures vital for societal and enterprise operations, including bridges, roads, buildings, and power supplies. Bridges, a critical component of hard infrastructure, manage burgeoning traffic demands. Notably, a study by the Department for Promotion of Industry and Internal Trade (DPIIT) in February 2021 revealed a surge in Foreign Direct Investments (FDI) in construction and infrastructure, escalating from $17.22 billion in 2020 to an expected $1.4 trillion by 2023. This substantial increase in infrastructure investments augurs well for the burgeoning bridges sector.

The escalating frequency of natural disasters globally is poised to propel the growth of the bridges market. Events like earthquakes, hurricanes, and floods often cause severe damage to bridges, necessitating reconstruction and retrofitting efforts. To fortify against future calamities, there's a heightened focus on designing resilient bridges, spurring demand for such projects. Governments typically allocate funds for infrastructure repair and reconstruction post-major disasters, further stimulating growth in the bridge construction industry. For instance, in 2021, catastrophic events linked to natural hazards totaled 432, causing significant fatalities, affecting millions, and incurring approximately $252.1 billion in economic losses, surpassing the annual average recorded in the past decade. This surge in natural disasters underscores the driving force behind the growing bridges market.

The evolution of new construction technologies is shaping the landscape of the bridges market. Leading companies within the sector are deeply invested in integrating advanced technologies into bridge construction processes, aiming to enhance efficiency, speed, and longevity. Innovations like road-rail cable-stayed systems are revolutionizing the construction of new bridges, particularly those spanning rivers. Additionally, the adoption of cutting-edge technologies such as robotics, virtual reality, and augmented reality is significantly reducing operational costs and project timelines. Notably, ongoing bridge projects, like the arch steel bridge in Bangladesh, exemplify the application of advanced technology for improved structural performance and maintenance.

Key entities operating in the bridges market are actively developing AI-based construction solutions to gain a competitive edge. These AI-driven solutions leverage sophisticated algorithms to optimize planning, design, and execution in bridge construction projects, enhancing efficiency, safety, and accuracy. For instance, Disperse.io, a UK-based construction technology company, introduced 'Impulse' in November 2022, a product utilizing AI to elevate construction planning and project management. By integrating 360° site scans, Impulse identifies and addresses issues, offering performance insights, coordinating drawings and schedules, and empowering project managers with data-driven decision-making capabilities. This AI-powered tool enhances project oversight, tracks progress, and facilitates informed project management for contractors and project managers.

In April 2022, Egis Group, a construction engineering company based in France, completed the acquisition of Waagner-Biro Bridge Systems AG for an undisclosed sum. This strategic acquisition allowed Egis to enhance its presence in the Middle East significantly. It enabled the company to broaden its service portfolio, encompassing infrastructure maintenance, project structuring, and comprehensive facility management services. This expansion strengthened Egis' foothold in the region and positioned them better to cater to the diverse needs of their clients. Waagner-Biro Bridge Systems AG, based in Austria, specializes in providing construction solutions for steel and composite bridges.

Major companies operating in the bridges market report are ACS Actividades de Construccion 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., Koninklijke BAM Groep nv (Royal BAM Group), 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.

Asia-Pacific was the largest region in the bridges market in 2023. 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.

The countries covered in the bridges market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The bridges market includes revenues earned by entities by construction of cantilever bridge, cable-stayed bridge and tied-arch bridge. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Bridges Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on bridges market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for bridges? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bridges market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: ACS Actividades de Construccion y Servicios S.A.; AECOM Technology Corporation; Balfour Beatty plc; China Communications Construction Company Limited; China Railway Group Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13293

1. Executive Summary

2. Bridges Market Characteristics

3. Bridges Market Trends And Strategies

4. Bridges Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Bridges Market Size and Growth

5.1. Global Bridges Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Bridges Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Bridges Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Bridges Market Segmentation

6.1. Global Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Beam Bridge
Truss Bridge
Arch Bridge
Suspension Bridge
Cable-Stayed Bridge
6.2. Global Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Steel
Concrete
Composite Material
6.3. Global Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Road and Highway
Railway

7. Bridges Market Regional And Country Analysis

7.1. Global Bridges Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Bridges Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Bridges Market

8.1. Asia-Pacific Bridges Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Bridges Market

9.1. China Bridges Market Overview
9.2. China Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Bridges Market

10.1. India Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Bridges Market

11.1. Japan Bridges Market Overview
11.2. Japan Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Bridges Market

12.1. Australia Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Bridges Market

13.1. Indonesia Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Bridges Market

14.1. South Korea Bridges Market Overview
14.2. South Korea Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Bridges Market

15.1. Western Europe Bridges Market Overview
15.2. Western Europe Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Bridges Market

16.1. UK Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Bridges Market

17.1. Germany Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Bridges Market

18.1. France Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Bridges Market

19.1. Italy Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Bridges Market

20.1. Spain Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Bridges Market

21.1. Eastern Europe Bridges Market Overview
21.2. Eastern Europe Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Bridges Market

22.1. Russia Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Bridges Market

23.1. North America Bridges Market Overview
23.2. North America Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Bridges Market

24.1. USA Bridges Market Overview
24.2. USA Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Bridges Market

25.1. Canada Bridges Market Overview
25.2. Canada Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Bridges Market

26.1. South America Bridges Market Overview
26.2. South America Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Bridges Market

27.1. Brazil Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Bridges Market

28.1. Middle East Bridges Market Overview
28.2. Middle East Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Bridges Market

29.1. Africa Bridges Market Overview
29.2. Africa Bridges Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Bridges Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Bridges Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Bridges Market Competitive Landscape And Company Profiles

30.1. Bridges Market Competitive Landscape
30.2. Bridges Market Company Profiles
- 30.2.1. ACS Actividades de Construccion y Servicios S.A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. AECOM Technology Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Balfour Beatty plc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. China Communications Construction Company Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. China Railway Group Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Bridges Market Competitive Benchmarking

32. Global Bridges Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Bridges Market

34. Bridges Market Future Outlook and Potential Analysis

34.1 Bridges Market In 2028 - Countries Offering Most New Opportunities
34.2 Bridges Market In 2028 - Segments Offering Most New Opportunities
34.3 Bridges Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer