PUBLISHER: The Business Research Company | PRODUCT CODE: 1712679
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712679
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 $121.38 billion in 2024 to $129.54 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to government spending, urbanization, industrialization, population growth, and trade expansion.
The bridges market size is expected to see strong growth in the next few years. It will grow to $170.38 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to sustainable infrastructure, smart infrastructure, resilience and adaptability, renewable energy integration, and advanced materials. Major trends in the forecast period include public-private partnerships, modular and prefabricated construction, aesthetic design and landscaping, integration of AI and automation, and floating bridges.
The anticipated rise in infrastructure projects worldwide is likely to drive the growth of the bridges market. Infrastructure encompasses the essential physical and organizational structures and facilities necessary for the functioning of businesses and society. This includes various constructions such as buildings, roads, power systems, and bridges, all of which contribute to the long-term sustainability of both households and enterprises. Bridges are categorized as hard infrastructure, forming part of the physical systems that facilitate the management of increasing traffic demands. For example, data from the Office for National Statistics, an independent UK organization that produces official statistics, indicates that total new construction orders surged by 16.5% to £1,771 million ($2,224 million) in the second quarter of 2024 compared to the first quarter. This growth was largely fueled by a 15.1% increase in private commercial projects and a 23.4% rise in infrastructure projects, which amounted to £503 million ($637 million) and £389 million ($490 million) respectively. Consequently, the rise in infrastructure investment is expected to bolster the growth of the bridges market in the future.
The rising frequency of natural disasters is anticipated to drive the growth of the bridges market in the future. Events like earthquakes, hurricanes, and floods can severely damage or obliterate bridges, which leads to the need for reconstruction and repair efforts. There is a growing emphasis on designing and retrofitting bridges to enhance their resilience against such disasters, increasing the demand for related projects. Additionally, government funding is frequently allocated for infrastructure repair and rebuilding following significant disasters, providing a further boost to the bridge construction sector. For example, a report from Save the Children, a UK-based NGO, revealed that in December 2023, at least 12,000 people-30% more than in 2022-lost their lives worldwide due to floods, wildfires, cyclones, storms, and landslides. Thus, the rising occurrences of natural disasters are contributing to the expansion of the bridges market.
Leading companies in the bridges market are increasingly adopting strategic partnerships to promote infrastructure development and enhance their market presence. Strategic partnerships involve companies utilizing each other's strengths and resources to achieve shared goals and success. For example, in June 2024, InQuik Inc., an innovative bridge company based in the U.S., formed a partnership with Commercial Metals Company, a U.S. provider of construction solutions, to deploy the InQuik bridge solution throughout the United States. This collaboration aims to make durable, high-quality bridges more accessible and affordable for communities, enabling InQuik to scale quickly by capitalizing on CMC's extensive reach and manufacturing capabilities.
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 include 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., 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 2024. 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 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.