The Business Research Company’s report on the Pedestrian Bridge Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the pedestrian bridge market in recent years?
Government investments in the development of public infrastructure, such as roads, are expected to propel the growth of the pedestrian bridge market going forward. Government investments refer to allocating financial resources by a government into various projects, sectors, or assets to achieve specific economic, social, or developmental objectives. Several government authorities are investing in developing public infrastructure such as roads. For instance, in May 2023, according to the Government of Western Australia, an Australia-based official website, the Australian government allocated $5.3 billion to improve and renew road infrastructure in the 2023-24 state budget. This budget includes the development of all regional road projects. Therefore, government investments in the development of public infrastructure, such as roads, drive the pedestrian bridge market.
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What is the projected market size of the pedestrian bridge industry, and how is it expected to grow?
The pedestrian bridge market size has grown strongly in recent years. It will grow from $94.86 billion in 2024 to $100.39 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to urbanization, population growth, infrastructure development, tourism and recreation, safety concerns
The pedestrian bridge market size is expected to see strong growth in the next few years. It will grow to $129.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to public transport integration, integration with smart city initiatives, rising awareness of health benefits, bike-friendly infrastructure, adaptive reuse of existing structures. Major trends in the forecast period include architectural innovation, focus on inclusive design, eco-friendly design trends, technological advancements in construction materials, integration with green spaces, digital twin technology.
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Who are the key players driving competition in the pedestrian bridge market?
Major companies operating in the pedestrian bridge market include Skanska AB, Kiewit Corporation, SNC-Lavalin Group Inc., Arup Group, Contech Engineered Solutions LLC, Mace Group Ltd, Walsh Group Inc., Southland Holdings Inc, Flatiron Construction Corporation, Cianbro Corporation, Kinsley Construction, Skidmore Owings & Merrill LLP, TrueNorth Steel Inc., Denton Corker Marshall LLP, McLean Contracting Company, IJP Corporation Ltd, Creative Pultrusions Inc., Bridge Brothers Inc., Conti Corporation, Lonestar Prestress Manufacturing Inc., Backwoods Bridges LLC, Nature Bridges, Big R Bridge, Modjeski and Masters Inc., Bridge Masters Inc., Landmark Products Pty Ltd.
What key trends are expected to drive the payroll outsourcing market during the forecast period?
Technology developments are a key trend gaining popularity in the pedestrian bridge market. Major companies operating in the pedestrian bridge market are focused on developing advanced technologies to meet specific demands and sustain their position in the market. For instance, in July 2022, MX3D, a Netherlands-based software company, unveiled the world’s first 3D-printed steel footbridge, featuring cutting-edge sensors that measure pedestrian traffic in real-time. The 12-meter futuristic structure was designed using 3D printing techniques and welding robots. The bridge’s sensors will monitor its state in real-time and track changes as locals and tourists use it. The data will help architects and engineers understand the long-term behavior of 3D-printed steel and its potential use in future construction projects.
Which key geographies are driving the growth of the pedestrian bridge market?
Asia-Pacific was the largest region in the pedestrian bridge market in 2024. The regions covered in the pedestrian bridge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the pedestrian bridge market?
The pedestrian bridge market covered in this report is segmented –
1) By Type: Truss Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Pedestrian Bridges, Arch Bridges
2) By Material: Concrete, Steel, Composite, Other Materials
3) By Construction Type: New Construction, Reconstruction And Repair
4) By End-User: Public, Private, Industrial, Transportation, Parks And Recreational Facilities
Subsegments:
1) By Truss Bridges: Warren Truss Bridges, Pratt Truss Bridges
2) By Beam Bridges: Simple Beam Bridges, Continuous Beam Bridges
3) By Suspension Bridges: Single Tower Suspension Bridges, Multiple Tower Suspension Bridges
4) By Cable-Stayed Pedestrian Bridges: Fan System Cable-Stayed Bridges, Harp System Cable-Stayed Bridges
5) By Arch Bridges: Rigid Arch Bridges, Tied Arch Bridges
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What defines the structure and scope of the pedestrian bridge market?
A pedestrian bridge is a constructed framework spanning a railway, river, or road, providing a secure passage for individuals or vehicles to cross between two distinct locations. It establishes a connection between separate areas and functions as a transitional space for people transitioning from one environment or activity to another, crucial in facilitating street life.
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