How big is the bridges market today, and what are its future growth expectations?
The bridges market size has grown strongly in recent years. It will grow from $121.38 billion in 2024 to $129.54 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to government spending, urbanization, industrialization, population growth, and trade expansion.
The bridges market size is expected to see strong growth in the next few years. It will grow to $170.38 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to sustainable infrastructure, smart infrastructure, resilience and adaptability, renewable energy integration, and 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, and floating bridges.
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What have been the primary factors driving the bridges market’s growth?
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 August 2024, according to the Office for National Statistics, a UK-based independent producer of official statistics, total construction new orders rose by 16.5% £1,771 million ($2,224 million) in Quarter 2 of 2024 compared to Quarter 1 of 2024. This quarterly growth was primarily driven by private commercial new work and infrastructure new work, which increased by 15.1% £503 million ($637 million) and 23.4% £389 million ($490 million). Therefore, the increase in investments in the development of infrastructure will support the growth of the bridges market going forward.
What are the key segments within the bridges market?
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
Subsegments:
1) By Beam Bridge: Simple Beam Bridge, Continuous Beam Bridge, Cantilever Beam Bridge
2) By Truss Bridge: Pratt Truss Bridge, Warren Truss Bridge, Howe Truss Bridge
3) By Arch Bridge: Concrete Arch Bridge, Steel Arch Bridge, Masonry Arch Bridge
4) By Suspension Bridge: Main Cable Suspension Bridge, Hanger Suspension Bridge
5) By Cable-Stayed Bridge: Single Plane Cable-Stayed Bridge, Multiple Plane Cable-Stayed Bridge
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Which key players are shaping the bridges market?
Major companies operating in the bridges market include ACS Actividades de Construcción y Servicios S.A., AECOM Technology Corporation, Balfour Beatty plc, China Communications Construction Company Limited, China Railway Group Limited, Fluor Corporation, Hochtief Aktiengesellschaft, Kiewit Corporation, Samsung C&T Corporation, VINCI S.A., Sanford Contractors Inc., Precon Smith Construction Inc., Brennan Industries Inc., Milbocker & Sons Inc., WSP Global Inc., Bouygues Construction, Bechtel Corporation, Skanska AB, Larsen & Toubro Limited, Obayashi Corporation, Salini Impregilo S.p.A., Ferrovial S.A., JFE Engineering Corporation, T.Y. Lin International Group, The Lane Construction Corporation, COWI A/S, KBR Inc., The Walsh Group Ltd., HNTB Corporation, Tutor Perini Corporation, Sundt Construction Inc., Graham Construction & Engineering LP, PCL Construction Enterprises Inc.
How will evolving trends contribute to the growth of the bridges market?
Major companies operating in the bridges market are adopting strategic partnerships approach to enhance infrastructure development and expand their market presence. Strategic partnerships refers to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in June 2024, InQuik Inc., a US-based innovative bridge company, partnered with Commercial Metals Company, a US-based construction solutions provider to bring the InQuik bridge solution across the United States. This collaboration will make durable, high-quality bridges more accessible and affordable for communities, allowing InQuik to scale rapidly by leveraging CMC’s broad reach and manufacturing capabilities.
Which geographic trends are shaping the bridges market, and which region has the highest market share?
Asia-Pacific was the largest region in the bridges market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
What Does The Bridges Market Report 2025 Offer?
The bridges market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Bridges refer to the construction of a structure over a physical obstacle, such as water bodies, valleys, and roads, to provide crossing over that obstacle. The common materials used in the construction of bridges include structural steel, reinforced concrete, pre-stressed concrete, or post-tensioned concrete, depending on the structural behavior of the bridge.
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