The Bridges Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/bridges-global-market-report
According to The Business Research Company’s Bridges Global Market Report 2024, 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%. The growth in the historic period can be attributed to government spending, urbanization, industrialization, population growth, trade expansion.
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%. The growth in the forecast period can be attributed to sustainable infrastructure, smart infrastructure, resilience and adaptability, renewable energy integration, 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, floating bridges.
An increase in infrastructure developments across the globe is expected to propel the growth of the bridges market. Infrastructure refers to physical and organizational structures and facilities that are needed for the operations of enterprises and society. This infrastructure consists of constructions such as buildings, roads, power supplies, and bridges and helps to promote the long-term viability of households and businesses. bridges come under hard infrastructure which makes up the physical systems that help to manage growing traffic. For instance, in February 2021, according to Financial express-news, according to the study published by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI investments in construction and development infrastructure were $17.22 billion in 2020, which is expected to increase to $1.4 trillion by end of 2023. Thus, the increase in investments in the development of infrastructure will support the growth of bridges going forward.
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The bridges market covered in this report is segmented –
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
Top Major Players
ACS Actividades de Construcción y Servicios S.A.
AECOM Technology Corporation
Balfour Beatty PLC
China Communications Construction Company Limited
China Railway Group Limited
Adoption of internet television and wireless technologies is an emerging trend in the broadcast communication equipment market. Customers in developed markets are adopting and showing signs of preferring internet TV. Internet TV, in general, is content distributed over the internet. Wireless service providers are offering online video streaming services and internet TV to compete with traditional pay-TV providers. These services are being offered to increase their subscriber base and revenues. For instance, in January 2023, LG Corporation, a South Korea-based multinational conglomerate, launched the 97-inch LG SIGNATURE OLED M television. The 97-inch LG SIGNATURE OLED M is equipped with Zero Connect1 technology, a wireless system that can transmit audio and video in real time at up to 4K 120Hz. With LG’s wireless solution, customers can watch content at 4K 120Hz and clear, crisp sound without interruption or quality deterioration thanks to cutting-edge technologies that reliably transmit video and audio to the M3’s self-lit OLED screen. The algorithm in the television also helps to minimize transmission errors or disruptions as it can recognize changes in the immediate environment.
The bridges market report table of contents includes:
1. Executive Summary
2. Bridges Market Characteristics
3. Bridges Market Trends And Strategies
4. Bridges Market – Macro Economic Scenario
5. Global Bridges Market Size and Growth
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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
35. Appendix
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