Global Bridge Construction Market to Reach US$ 1,691.5 Billion by 2032, Catalyzed by Increasing Number of Vehicles on Roads

March 30, 2022 | Construction and Manufacturing

The latest report by IMARC Group, “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,” finds that the global bridge construction market reached a value of US$ 1,138.4 Billion in 2023. Bridge construction refers to building solid structures that span horizontally between supports to carry vertical loads. Precast, cast-in-situ, balanced cantilever, span by span casting, incremental launching, arch, cable-stayed, and advanced shoring are some of the methods commonly used for bridge construction. Different construction methods are employed depending on various factors, such as site accessibility, the scale of the bridge, the time allowed for construction, regularity of span lengths, material costs, environmental factors, and engineering constraints. Nowadays, the demand for bridge construction has rapidly escalated across the globe due to expanding road networks.

Global Bridge Construction Market Trends:

The increasing number of vehicles on roads and rising traffic congestion represent the primary factors driving the market growth. Besides this, the shifting focus toward public-private partnerships for developing transport infrastructure, coupled with strong economic growth, is another major growth-inducing factor. Additionally, the expansion of railway networks due to rapid urbanization and population growth has strengthened the need for railway bridges to enhance accessibility to urban areas. Moreover, several favorable initiatives undertaken by governments of various countries, such as increased funding and support for infrastructure development, have catalyzed the market growth. Furthermore, various technological advancements, including the launch of Geosynthetic Reinforced Soil–Integrated Bridge System (GRS–IBS) technology to reduce the overall bridge construction time and costs, have positively influenced the market growth. Apart from this, the rising construction of suspension bridges in the sea to improve connectivity and the growing adoption of precast or prestressed concrete panels to facilitate faster construction are also creating a positive market outlook. On account of these factors, IMARC Group expects the market value to reach US$ 1,691.5 Billion by 2032, expanding at a CAGR of 4.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been divided into beam, truss, arch, suspension, cable-stayed, and other bridges.
  • The market has been classified based on the material into steel, concrete, and composite materials. 
  • Based on the application, the market has been bifurcated into road and highway, and railway. 
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some 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 Scope:

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)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Bridge Construction Market to Reach US$ 1,691.5 Billion by 2032, Catalyzed by Increasing Number of Vehicles on Roads
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