The global bridge construction market size was US$ 901.4 billion in 2021. The global bridge construction market size is forecast to reach US$ 1426.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

In engineering, a bridge is a superstructure that spans horizontally between supports. A bridge carries vertical loads. A bridge provides a way over an obstacle without closing off the path under it. Some of these obstacles are valleys, rivers, railways, or roads. The design of a bridge depends on its type. It is a huge project that requires skills from multiple engineering disciplines. Civil, mechanical, geological, electrical, and computer sciences are among these engineering disciplines. As a result, all engineering disciplines must work together for the project to succeed.

Factors Influencing Market Growth

• Globally, the bridge construction market is forecast to have strong growth due to investments, government initiatives, and economic growth in both developed and developing countries.
• Urbanization and technological advancements, such as Geosynthetic Reinforced Soil-Integrated Bridge System (GRS-IBS), will drive market growth. Improved technologies can reduce the cost and time involved in bridge construction and increase the global market growth.
• Some of the factors that may slow down the development of the market include environmental rules and regulations developed by UNEP, insufficient funds, complex loading, complex structural geometry, and a lack of quality raw materials, such as sand.
• With the lack of land in developing countries, the number of suspension bridges built over water has increased, which is creating lucrative opportunities for the global bridge construction market.

Impact Analysis of COVID-19

The outbreak of the COVID-19 pandemic negatively impacted the global bridge construction market. There were restrictions on production and manufacturing. There has been a significant decline in the construction of new bridges and the maintenance of old bridges. Moreover, the budget allocated for infrastructure development was put on hold or used to build healthcare facilities. However, the construction of new roads and railways will soon lead to a recovery of the market.

Regional Insights

The Asia Pacific was the leading region in 2021. An increase in urbanization is forecast to fuel the expansion of rail networks worldwide, which directly drives market trends for bridge construction. Also, the industrialization of transportation and development of railway bridges, high immigration, new inventions, and high investments in Asia-Pacific are major factors fueling the region's market growth. 

Leading Competitors

The leading prominent companies profiled in the global bridge construction market are:

• ACS Group
• AECOM
• Balfour Beatty
• China Communications Construction Company Limited
• China Railway Group Limited
• Fluor
• Hochtief Aktiengesellschaft
• Kiewit Corporation
• Samsung C&T Corporation
• VINCI SA
• Other Prominent Players

Scope of the Report

The global bridge construction market segmentation focuses on Type, Material, Application, and Region.

Segmentation based on Type

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

Segmentation based on Material

• Steel
• Concrete
• Composite Material

Segmentation based on Application

• Road & Highway
• Railway

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America