888-776-0942 from 8 AM - 10 PM ET
DUBLIN , June 21, 2022 /PRNewswire/ -- The "Bridge Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global bridge construction market reached a value of US$ 870.4 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1193.3 Million by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 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. 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.
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACS Group (Grupo ACS), 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. Key Questions Answered in this Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Bridge Construction Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Beam Bridge 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Truss Bridge 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Arch Bridge 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Suspension Bridge 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Cable-stayed Bridge 6.5.1 Market Trends 6.5.2 Market Forecast 6.6 Others 6.6.1 Market Trends 6.6.2 Market Forecast 7 Market Breakup by Material 7.1 Steel 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Concrete 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Composite Materials 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Application 8.1 Road and Highway 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Railway 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis
13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 ACS Group (Grupo ACS) 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.2 AECOM 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.2.4 SWOT Analysis 14.3.3 Balfour Beatty plc 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 Financials 14.3.3.4 SWOT Analysis 14.3.4 Bouygues S.A. 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 Financials 14.3.4.4 SWOT Analysis 14.3.5 China Communications Construction Company Limited 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.5.3 Financials 14.3.5.4 SWOT Analysis 14.3.6 China State Construction Engineering Corporation 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.6.3 Financials 14.3.6.4 SWOT Analysis 14.3.7 Fluor Corporation 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 Financials 14.3.7.4 SWOT Analysis 14.3.8 Kiewit Corporation 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.9 Samsung C&T Corporation 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 Financials 14.3.10 Strabag SE 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 Financials 14.3.10.4 SWOT Analysis 14.3.11 Vinci SA 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.11.3 Financials 14.3.11.4 SWOT Analysis For more information about this report visit https://www.researchandmarkets.com/r/ks9ztz
Research and Markets Laura Wood , Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET