The Highway, Street, And Bridge Construction Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Highway, Street, And Bridge Construction Market?
The market size for the global highway, street, and bridge construction sector has been experiencing consistent growth. It is projected to increase from $896.06 billion in 2024 to $938.05 billion in 2025, marking a compound annual growth rate (CAGR) of 4.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Highway, Street, And Bridge Construction Industry?
The market size of the global highway, street, and bridge construction is projected to reach $1151.74 billion in the year 2029. The market is expected to grow at a compound annual growth rate (CAGR) of 5.3%.
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What are the Key Growth Drivers Fueling the Highway, Street, And Bridge Construction Market?
The key drivers in the highway, street, and bridge construction market are:
• Rising smart city initiatives
• Focus on environmental sustainability
• Increased solutions for urban mobility
• Growth in resilience and climate adaptation efforts
• Enhanced private sector participation in infrastructure development
• Use of innovative materials and composites in construction
• Increased collaboration through public-private partnerships
• Emphasis on safety and intelligent construction equipment
• Adoption of 3D printing in construction projects
• Introduction of sustainable transportation infrastructure financing.
Global Market Segmentation: Identifying Major Highway, Street, And Bridge Construction Industry Segments
The highway, street, and bridge construction market covered in this report is segmented –
1) By Type: Highway, Street, Bridge
2) By Construction Type: New Construction, Reconstruction And Repair
3) By Funding: Government Funding, Private Funding
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What are the Emerging Trends Shaping the Future of the Highway, Street, And Bridge Construction Market?
The key trends in the highway, street, and bridge construction market are:
• The market is witnessing a shift towards incorporating innovative materials and composites in construction.
• Collaboration with public-private partnerships (PPPs) is becoming a major trend.
• There is growing emphasis on safety and the use of intelligent construction equipment.
• The adoption of 3D printing in construction and development of sustainable transportation infrastructure financing methods are emerging trends.
Who Are the Top Competitors & Leading Players in the Highway, Street, And Bridge Construction Market?
Major companies in the highway, street, and bridge construction market are:
• China State Construction Engineering Corporation Ltd.
• China Railway Group Ltd.
• China Communications Construction Company Limited
• Vinci SA
• Bouygues SA
• Laing O'Rourke
• ACS Group S.A.
• Grupo ACS
• Samsung C&T Corporation
• Hochtief AG
• Larsen & Toubro Ltd.
• Strabag SE
• Bachtel Corporation
• Jacobs Engineering Group Inc.
• Skanska AB
• Colas Group
• Fluor Corporation
• Turner Construction
• Kiewit Corporation
• AECOM
• Balfour Beatty plc
• Ferrovial SA
• PCL Construction
• Stantec Inc.
• Tutor Perini Corporation
• Granite Construction Inc.
• Heijmans N.V.
• Flatiron Construction Corp.
• Lane Construction Corporation
• Continental Engineering Corporation
• Eurovia Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2024
