The Highway, Street, And Bridge Construction Global Market Report 2023, provides comprehensive information on the highway, street, and bridge construction market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Highway, Street, And Bridge Construction Market’s Growth:
As per The Business Research Company’s Highway, Street, And Bridge Construction Global Market Report 2023, the market size is expected to grow from $855.12 billion in 2022 to $911.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global highway, street, and bridge construction market size is expected to reach $1121.41 billion in 2027 at a CAGR of 5.3%.
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Technological advancements are a key trend gaining popularity in the highway, street, and bridge construction market. Major companies operating in the highway, street, and bridge construction market are focused on developing and integrating latest technologies in the construction of highways, streets, and bridges to strengthen their position in the market. For instance, in July 2021, MX3D, a Netherlands-based software company that develops robotic 3D metal printing technology, constructed and introduced a 12-meter-long 3D-printed pedestrian street ‘smart bridge’ in Amsterdam. The bridge was built from stainless steel rods using six-axis robotic arms outfitted with welding equipment and four commercially available industrial robots. The company provided common industrial robots with tools that were specifically designed for them and created the software to control them. The innovative method enables the company to 3D-print metal structures that are robust, intricate, and graceful.
The highway, street, and bridge construction market is segmented:
1) By Type: Highway, Street, Bridge
2) By Construction Type: New Construction, Reconstruction And Repair
3) By Funding: Government Funding, Private Funding
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2022.
The table of contents in TBRC’s highway, street, and bridge construction market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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