How Has The Pedestrian Bridge Market Size Evolved In Recent Years?
The pedestrian bridge market has seen considerable growth due to a variety of factors.
•In recent years, the market size for pedestrian bridges has seen robust growth. It is anticipated to expand from $94.86 billion in 2024 to $100.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.8%.
The significant growth during the historic period is due to factors such as urbanization, population increase, infrastructure advancement, tourism and recreational activities, and safety issues.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Pedestrian Bridge Market?
The pedestrian bridge market is expected to maintain its strong growth trajectory in upcoming years.
• The market for pedestrian bridges is predicted to witness robust growth in the coming years, reaching a value of $129.06 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.5%.
This upward trend during the forecast period can be associated with factors such as the incorporation of public transportation, alignment with smart city programs, increased understanding of health advantages, bicycle-friendly infrastructures, and the innovative use of pre-existing structures. Other progressive trends identified within the forecast period encompass architectural innovation, emphasis on inclusive design, sustainable design practices, advances in construction materials technology, incorporation with green spaces, and the utilization of digital twin technology.
Which Key Drivers Are Propelling The Pedestrian Bridge Market's Growth?
Growing government investments in public infrastructure development, specifically in road construction, are anticipated to fuel the expansion of the pedestrian bridge market. This investment involves the allocation of financial resources by the government towards various projects, sectors, or assets, aimed at achieving certain economic, social, or development goals. Several governmental bodies are directing funds towards the development of public infrastructure, particularly roads. For example, in May 2023, the Government of Western Australia, as per the nation's official website, earmarked $5.3 billion from the 2023-24 state budget for road infrastructure renovation and improvement. This funding envelope covers the progression of all regional road-based projects. As such, investments made by the government in public infrastructure development, specifically roads, are helping drive growth in the pedestrian bridge market.
What Are The Key Segments Within The Global Pedestrian Bridge Market?
The pedestrian bridge market covered in this report is segmented –
1) By Type: Truss Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Pedestrian Bridges, Arch Bridges
2) By Material: Concrete, Steel, Composite, Other Materials
3) By Construction Type: New Construction, Reconstruction And Repair
4) By End-User: Public, Private, Industrial, Transportation, Parks And Recreational Facilities
Subsegments:
1) By Truss Bridges: Warren Truss Bridges, Pratt Truss Bridges
2) By Beam Bridges: Simple Beam Bridges, Continuous Beam Bridges
3) By Suspension Bridges: Single Tower Suspension Bridges, Multiple Tower Suspension Bridges
4) By Cable-Stayed Pedestrian Bridges: Fan System Cable-Stayed Bridges, Harp System Cable-Stayed Bridges
5) By Arch Bridges: Rigid Arch Bridges, Tied Arch Bridges
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How Are New Trends Impacting The Size Of The Pedestrian Bridge Market?
Advancements in technology form a key advancing trend in the pedestrian bridge sector. Firms making strides in this market are heavily investing in the research and development of cutting-edge technology to meet specific client needs and maintain market dominance. For example, MX3D, a compelling software organization hailing from the Netherlands, revealed the first-ever 3D-printed steel footbridge to the public in July 2022. Equipped with advanced sensors, this footbridge can monitor pedestrian traffic real-time. 3D printing methodologies and welding robots were utilized in crafting this 12-meter futuristic design. The sensors installed in the bridge keep track of its condition in real-time and note changes as it is utilized by locals and tourists alike. The gathered data will provide crucial insights to architects and engineers on the long-term usage scenario of 3D printed steel, greatly benefiting future construction endeavors.
Who Are the Key Players in the Pedestrian Bridge Market?
Major companies operating in the pedestrian bridge market include:
• Skanska AB
• Kiewit Corporation
• SNC-Lavalin Group Inc.
• Arup Group
• Contech Engineered Solutions LLC
• Mace Group Ltd
• Walsh Group Inc.
• Southland Holdings Inc
• Flatiron Construction Corporation
• Cianbro Corporation
• Kinsley Construction
• Skidmore Owings & Merrill LLP
• TrueNorth Steel Inc.
• Denton Corker Marshall LLP
• McLean Contracting Company
• IJP Corporation Ltd
• Creative Pultrusions Inc.
• Bridge Brothers Inc.
• Conti Corporation
• Lonestar Prestress Manufacturing Inc.
• Backwoods Bridges LLC
• Nature Bridges
• Big R Bridge
• Modjeski and Masters Inc.
• Bridge Masters Inc.
• Landmark Products Pty Ltd.
What are the Regional Insights into the Pedestrian Bridge Market?
Asia-Pacific was the largest region in the pedestrian bridge market in 2024. The regions covered in the pedestrian bridge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
