Overview and Scope
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.
Sizing and Forecast
The bridges and tunnels market size has grown strongly in recent years. It will grow from $144.19 billion in 2023 to $152.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. 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 $195.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. 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.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/bridges-and-tunnels-global-market-report
Segmentation & Regional Insights
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
Top 5 Major Players:
- China State Construction Engineering Corporation Limited,
- China Railway Construction Corporation Limited,
- China Communications Construction Company Limited,
- Bouygues S.A.,
- Hochtief AG
Asia-Pacific was the largest region in the bridges and tunnels market in 2023. The regions covered in the bridges and tunnels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9642&type=smp
Major Driver Impacting Market Growth
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 March 2022, according to a report published by the European Automobile Manufacturers’ Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the increasing number of automobiles on roads is driving the growth of the bridges and tunnels market.
Key Industry Players
Major companies operating in the bridges and tunnels market report are 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.
The bridges and tunnels market report table of contents includes:
1. Executive Summary
2. Bridges And Tunnels Market Characteristics
3. Bridges And Tunnels Market Trends And Strategies
4. Bridges And Tunnels Market – Macro Economic Scenario
5. Global Bridges And Tunnels Market Size and Growth
….
32. Global Bridges And Tunnels Market Competitive Benchmarking
33. Global Bridges And Tunnels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bridges And Tunnels Market
35. Bridges And Tunnels Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Bridges And Tunnels Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Bridges And Tunnels Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Bridges And Tunnels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: China State Construction Engineering Corporation Limited Financial Performance
Table 75: China Railway Construction Corporation Limited Financial Performance
Table 76: China Communications Construction Company Limited Financial Performance
Table 77: Bouygues S.A. Financial Performance
Table 78: Hochtief AG Financial Performance
Explore the trending research reports from TBRC:
https://goodprnews.com/yarn-fiber-and-thread-market-share/
https://goodprnews.com/acoustic-insulation-market-size/
https://goodprnews.com/ai-in-banking-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
