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How has the bridges and tunnels market evolved, and where is it heading next?
The bridges and tunnels market size has grown strongly in recent years. It will grow from $148.49 billion in 2024 to $158.42 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to urbanization, population growth, maintenance and upgrades, environmental regulations, economic development.
The bridges and tunnels market size is expected to see strong growth in the next few years. It will grow to $208.16 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to smart infrastructure, sustainable practices, urban planning initiatives, resilience and climate change adaptation, public-private partnerships. Major trends in the forecast period include digitalization and BIM, technological integration for safety, technological advancements, digital twin technology, advanced materials and construction techniques.
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How have varous drivers impacted the growth of the bridges and tunnels market?
The increasing number of automobiles on roads is expected to propel the growth of the bridges and tunnels market going forward. An automobile is a four-wheeled vehicle powered by an internal combustion engine. It is commonly known as a car and is among the most popular modes of transportation. Automobiles are typically transported via bridges and tunnels. Automobiles drive across rivers and through tunnels and bridges to avoid traffic and cross valleys; it makes the journey easy and safe. For instance, in November 2023, according to Statistics Canada, a Canada-based government agency in 2022, Canada saw a slight increase in the total number of registered road motor vehicles, reaching 26.3 million, which marked a 0.3% rise compared to the previous year, equivalent to an additional 78,655 units on the roads. Therefore, the increasing number of automobiles on roads is driving the growth of the bridges and tunnels market.
What are the primary segments of the bridges and tunnels market?
The bridges and tunnels market covered in this report is segmented –
1) By Type: Tunnel, Bridge
2) By Material: Steel, Concrete, Composite Material
3) By Application: Commercial, Government
Subsegments:
1) By Tunnel: Road Tunnels, Rail Tunnels, Utility Tunnels, Pedestrian Tunnels
2) By Bridge: Arch Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Bridges, Truss Bridges
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Which firms are leading the bridges and tunnels market?
Major companies operating in the bridges and tunnels market include China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, China Communications Construction Company Limited, Bouygues S.A., Hochtief AG, Larsen & Toubro Construction, Kajima Corporation, Bechtel Corporation, Kiewit Corporation, Fluor Corporation, AECOM Technology Corporation, Acciona S.A., Balfour Beatty plc, Bilfinger Berger AG, Aecon Group Inc., Daelim Industrial Co. Ltd., Tutor Perini Corporation, Construcciones y Auxiliar de Ferrocarriles (CAF), Granite Construction Inc., Hatch Ltd., Construction Partners Inc., Copasa Group, Lane Construction Corporation, Dywidag Interbuild GmbH, American Bridge Company, Dragados Inc., ECC Group plc, 3TI Progetti S.p.A., Aktor SA, Abertis Infraestructuras S.A.
How will industry trends affect the trajectory of the bridges and tunnels market?
Technological development is a key trend gaining popularity in the bridges and tunnels market. Major companies operating in the bridges and tunnels market are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Acciona, S.A., a Spain-based construction and infrastructure company, launched its new tunnel technology solution called Digitunnel, a real-time technology to provide better control and ensure progress in the tunnel’s construction projects. This technology is a solution that gathers and combines copious volumes of real-time data created at the project site, turning it into information that is useful and accessible to all parties. This invention offers real-time updates on the project’s status, improves worker safety, and significantly lessens human control and documentation need. Additionally, this technology will quickly identify any potentially harmful gases in the tunnel, improving worker safety.
Which geographic trends are shaping the bridges and tunnels market, and which region has the highest market share?
The countries covered in the bridges and tunnels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Bridges And Tunnels Market Report 2025 Offer?
The bridges and tunnels market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Bridges and tunnels refer to long-term, continuous transportation infrastructure constructions. A bridge is a structure that spans a river, road, walk, railway, etc, and a tunnel is an artificial underground passage, especially one built through a hill or under a building, road, or river.
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