Selbyville, Delaware,, Jan. 10, 2024 (GLOBE NEWSWIRE) --
The bridge construction market is expected to reach USD 1.35 trillion by 2032, as reported in a research study by Global Market Insights Inc.
Surging demand for enhanced transportation infrastructure will drive business growth. Rapid urbanization, population growth, and the need for efficient logistics are compelling governments and private entities to invest significantly in bridge projects.
The emphasis on developing sustainable and resilient structures is also fueling the adoption of advanced construction methodologies, creating a positive feedback loop that drives further innovation in the sector. As climate change concerns intensify, there is a growing focus on eco-friendly bridge construction industry practices that minimize environmental impact and contribute to a more sustainable future.
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The truss bridge segment of bridge construction market is predicted to witness substantial growth through 2032 as it is offering a perfect blend of strength and aesthetic appeal. Truss bridges are known for their ability to span long distances with minimal materials, making them cost-effective and environmentally friendly. Their lattice-like framework provides exceptional structural stability, making them ideal for varied terrains and challenging environmental conditions. As modern architecture continues to evolve, truss bridges are becoming iconic symbols of engineering prowess, seamlessly integrating form and function.
The steel segment of bridge construction market is anticipated to gain traction up to 2032 as it is considered the backbone of modern bridge structures. Its inherent strength, versatility, and durability are driving its adoption. Steel bridges offer a high level of resistance to environmental factors such as corrosion and seismic activity, ensuring longevity and minimal maintenance costs. Additionally, the adaptability of steel allows for innovative designs that push the boundaries of architectural possibilities. The ongoing R&D in steel manufacturing technologies further enhance its properties, making it a preferred choice for bridge construction projects worldwide.
Asia Pacific bridge construction market size will expand significantly through 2032 due to the presence of developing economies, rapid urbanization, and ambitious infrastructure projects. China, India, and Southeast Asian nations are witnessing a surge in bridge construction activities, driven by the need to connect growing urban centers and facilitate efficient transportation. The strategic importance of bridges in fostering economic development and regional connectivity has prompted substantial investments in innovative construction techniques and materials in the Asia Pacific region, making it a lucrative growth avenue.
Some of the key players in the global bridge construction market are China Communications Construction Company (CCCC), Bechtel Corporation, Vinci SA, Kiewit Corporation, Bouygues Construction, Mott MacDonald, Fluor Corporation, ACS Group, Samsung C&T Corporation, Skanska AB, Balfour Beatty, Obayashi Corporation, Stanec, AECOM, and T.Y. Lin International.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Bridge Construction Market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Material trends
2.6 Application trends
Chapter 3 Bridge Construction Industry Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Urbanization and Population Growth
3.8.1.2 Rising infrastructure development activities in Asia Pacific
3.8.1.3 Aging infrastructure
3.8.1.4 Increase in inflow of investments to improve transport infrastructure
3.8.2 Industry pitfalls & challenges
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
