The transportation infrastructure construction global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Transportation Infrastructure Construction Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The transportation infrastructure construction market size has grown steadily in recent years. It will grow from $3,240.16 billion in 2023 to $3,398.27 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to population growth, urbanization, aging infrastructure, government investment, technological advancements, and environmental regulations.
The transportation infrastructure construction market size is expected to see strong growth in the next few years. It will grow to $4,180.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to smart transportation systems, renewable energy integration, climate change adaptation, public-private partnerships (PPPs), and digitalization and automation. Major trends in the forecast period include sustainable infrastructure, multimodal transportation hubs, resilient infrastructure, data-driven decision-making, and modular construction.
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Scope Of Transportation Infrastructure Construction Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Transportation Infrastructure Construction Market Overview
Market Drivers –
The growing tourism industry is expected to propel the growth of the transportation infrastructure construction market going forward. The tourism industry encompasses the activities, services, and infrastructure facilitating travel and leisure experiences for individuals visiting destinations outside their usual environment. The tourism industry is growing due to increased disposable income, more accessible access to travel, and a desire for cultural exploration and leisure experiences. Tourism destinations often require well-developed road networks to provide access to attractions, accommodations, and amenities. Governments and transportation authorities invest in constructing and improving roads and highways to support tourism activities, enhance connectivity between destinations, and promote economic development in tourist areas. For instance, in March 2024, according to the Office for National Statistics, a UK-based producer of official statistics, in June 2022, there were 3.0 million visits to the UK by international travelers, a rise from 2.8 million visits recorded in May 2022. Therefore, the growing tourism industry is expected to drive the growth of the transportation infrastructure construction market.
Market Trends –
Major companies operating in the transportation infrastructure construction market are adopting strategic partnerships to enhance project execution and foster innovation. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2023, Ferrovial, a Finland-based company specializing in construction and maintenance services for electrical technical services, partnered with Georgia Institute of Technology, a Georgia-based research university and institute of technology. With this partnership, Ferrovial aims to develop advanced innovation in transport infrastructure. The partnership will allow for joint research activities, provide new educational and development opportunities for students, and enable Ferrovial to create a more sustainable future for mobility.
The transportation infrastructure construction market covered in this report is segmented –
1) By Infrastructure Type: Roads, Highways, And Bridges, Railways And Metros, Sea Ports, Airports
2) By Construction Type: New Construction, Repair And Maintenance
3) By Application: Urban, Rural
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Regional Insights –
Asia Pacific was the largest region in the transportation infrastructure construction market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the transportation infrastructure construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the transportation infrastructure construction market are China Communications Construction Company, Vinci SA, CK Hutchison Holdings, CRH plc, Hochtief AG, Bechtel Corporation, Colas Group, Fluor Corporation, Bouygues Construction SA, Larsen & Toubro Limited, AECOM, Kiewit Corporation, Balfour Beatty plc, Laing O’Rourke, Jacobs Engineering Group Inc., TATA Projects, KEC International Limited, Hindustan Construction Company Limited, Globalvia Inversiones S.A., Megha Engineering & Infrastructures Limited, ACS Group of Companies LLC, Beijing Urban Construction Group, Eagle Infra India Ltd, IRB Infrastructure Developers Ltd
Table of Contents
1. Executive Summary
2. Transportation Infrastructure Construction Market Report Structure
3. Transportation Infrastructure Construction Market Trends And Strategies
4. Transportation Infrastructure Construction Market – Macro Economic Scenario
5. Transportation Infrastructure Construction Market Size And Growth
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27. Transportation Infrastructure Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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