Bridge Construction Market Report by Type (Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-stayed Bridge, and Others), Material (Steel, Concrete, Composite Materials), Application (Road and Highway, Railway), and Region 2024-2032

Bridge Construction Market Report by Type (Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-stayed Bridge, and Others), Material (Steel, Concrete, Composite Materials), Application (Road and Highway, Railway), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4925
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Market Overview:

The global bridge construction market size reached US$ 1,138.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,691.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,138.4 Billion
Market Forecast in 2032
US$ 1,691.5 Billion
Market Growth Rate 2024-2032 4.4%


Bridge construction refers to the process of building solid structures that span between supports and are designed to carry the loads. Some of the commonly used bridge construction methods include cast-in-situ, precast, balanced cantilever, span by span casting, incremental launching, arch, cable-stayed, and advanced shoring methods. The construction method employed depends on numerous factors, such as the scale of the bridge, the time allowed for construction, site accessibility, material costs, regularity of the span lengths, environmental factors, and engineering constraints. Nowadays, the demand for bridge construction is rapidly escalating across the globe since bridges are widely utilized for transportation purposes.

Global Bridge Construction Market

Bridge Construction Market Trends:

The rising road traffic and the increasing number of vehicles represent the primary factors driving the market growth. Besides this, the growing need for railway bridges due to the expansion of railway networks and the improving focus on public-private partnerships for transport infrastructure development are catalyzing the demand for bridge construction. Additionally, several favorable initiatives undertaken by the governing and non-governing agencies of various nations are positively influencing the market growth. For instance, the Global Infrastructure Hub initiative launched by G20 aims to enhance the delivery of resilient, sustainable, and inclusive infrastructure by collaborating with the public and private sectors. Furthermore, with recent technological advancements, the leading players are focusing on the development of innovative equipment and systems to facilitate faster and cost-efficient bridge construction. Along with this, the introduction of Geosynthetic Reinforced Soil–Integrated Bridge System (GRS–IBS) technology to minimize the bridge construction time and costs is propelling the market growth. Moreover, the expanding construction industry, rapid urbanization, strong economic growth, increasing investments in infrastructure development projects, and growing usage of precast concrete panels are some of the other factors creating a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bridge construction market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, material and application.

Breakup by Type:

Bridge Construction Market

  • Beam Bridge
  • Truss Bridge
  • Arch Bridge
  • Suspension Bridge
  • Cable-stayed Bridge
  • Others
     

Breakup by Material:

  • Steel
  • Concrete
  • Composite Materials
     

Breakup by Application:

  • Road and Highway
  • Railway
     

Breakup by Region:

Bridge Construction Market

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AECOM, Balfour Beatty plc, Bouygues S.A., China Communications Construction Company Limited, China State Construction Engineering Corporation, Fluor Corporation, Kiewit Corporation, Samsung C&T Corporation, Strabag SE and Vinci SA.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AECOM, Balfour Beatty plc, Bouygues S.A., China Communications Construction Company Limited, China State Construction Engineering Corporation, Fluor Corporation, Kiewit Corporation, Samsung C&T Corporation, Strabag SE and Vinci SA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global bridge construction market was valued at US$ 1,138.4 Billion in 2023.

We expect the global bridge construction market to exhibit a CAGR of 4.4% during 2024-2032.

The advent of innovative equipment to facilitate faster and cost-efficient bridge construction, along with the introduction of Geosynthetic Reinforced Soil–Integrated Bridge System (GRS–IBS) technology to minimize the bridge construction time and costs, is primarily driving the global bridge construction market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the global market for bridge construction.

Based on the type, the global bridge construction market has been categorized into beam bridge, truss bridge, arch bridge, suspension bridge, cable-stayed bridge, and others. Among these, beam bridge currently exhibits a clear dominance in the market.

Based on the application, the global bridge construction market can be bifurcated into road and highway and railway. Currently, road and highway accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global bridge construction market include AECOM, Balfour Beatty plc, Bouygues S.A., China Communications Construction Company Limited, China State Construction Engineering Corporation, Fluor Corporation, Kiewit Corporation, Samsung C&T Corporation, Strabag SE, and Vinci SA.

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Bridge Construction Market Report by Type (Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-stayed Bridge, and Others), Material (Steel, Concrete, Composite Materials), Application (Road and Highway, Railway), and Region 2024-2032
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