Smart Highway Global Market Report 2023 – By Technology (Intelligent Transportation Management System, Intelligent Management System, Communication System, Monitoring System, Other Technologies), By Component (Hardware, Software, Services), By Deployment Mode (On Premise, Cloud) – Market Size, Trends, And Global Forecast 2023-2032

The bridge construction market consists of sales of bridge construction by entities (organizations, sole traders, and partnerships) that refer to the construction of a structure over a physical obstacle such as water bodies, valleys, and roads, to provide crossing over that obstacle. The common materials used in the construction of bridges include structural steel, reinforced concrete, pre-stressed concrete, or post-tensioned concrete, depending on the structural behavior of the bridge. The main types of bridge construction include beam bridge, truss bridge, arch bridge, suspension bridge, and cable-stayed bridge. The beam bridge consists of the sales of beam bridge construction by entities (organizations, partnerships, and sole proprietors) that refers to horizontal structure that rests on two-end supports, and carries traffic by acting as a beam. The beam possesses the strength to bear the dynamic and static loads acted on it. The materials used in bridge construction include steel, concrete and composite material. The applications of bridge construction include roads and highways and railways. The bridge construction market research report is one of a series of new reports from The Business Research Company that provides bridge construction market statistics, including bridge construction industry global market size, regional shares, competitors with a bridge construction market share, detailed bridge construction market segments, market trends and opportunities, and any further data you may need to thrive in the bridge construction industry. This bridge construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global bridge construction market size is expected to grow from $846.44 billion in 2021 to $887.11 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The bridge construction market is expected to grow to $1,095.61 billion in 2026 at a CAGR of 5.4%. An increase in infrastructure developments across the globe is expected to propel the growth of the bridge construction market. Infrastructure refers to physical and organizational structures and facilities that are needed for the operations of enterprises and society. This infrastructure consists of constructions such as buildings, roads, power supplies, and bridges and helps to promote the long-term viability of households and businesses. Bridges come under hard infrastructure which makes up the physical systems that help to manage growing traffic. For instance, in February 2021, according to Financial express-news, according to the study published by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI investments in construction and development infrastructure were $17.22 billion in 2020, which is expected to increase to $1.4 trillion by end of 2023. Thus, the increase in investments in the development of infrastructure will support the growth of bridge construction going forward. Introducing new technologies in construction is shaping the bridge construction market. Major companies operating in the bridge construction market are focused on implementing new technologies in bridge construction, to build bridges better and faster and contribute to longer bridge life. New Technologies like road-rail cable-stayed are used in the construction of new bridges especially bridges constructed on rivers. Further, advanced technologies such as robots, virtual reality and augmented reality technologies are being used to construct bridges at reduced operational cost and reduce the lead time of the projects. For instance, the new under-construction arch steel bridge in Bangladesh is constructed with advanced technology in bridge maintenance and management to improve the structural performance of the bridges. In September 2020, Southland Holding is a US-based construction company acquired by American Bridge Company for an undisclosed amount. With this acquisition, American Bridge Company will become part of Southland Holding and operates under Southland Holding. This acquisition helps Southland Holdings’ to diversify its business in the construction of tunneling, facilities and pipelines, heavy highway, bridge, and marine construction. American Bridge Company is a US-based company that constructs buildings roads and bridges. Major players in the bridge construction market are ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd, Fluor, Hochtief AG, Kiewit Corporation, Samsung CAndT, VINCI, Sanford Contractors, Precon Smith Construction, Brennan, Milbocker and Sons, and WSP. Asia-Pacific was the largest region in the bridge construction market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bridge construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bridge construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global bridge construction market is segmented - 1) By Type: Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge 2) By Material: Steel, Concrete, Composite Material 3) By Application: Road and Highway, Railway

Concrete restoration refers to the process of repairing older concrete construction, thus restoring it to its original appearance. This process of restoration is used in a number of settings, from home construction and restoration to the restoration of sidewalks along city streets. The concrete restoration is used for repairing old and damaged concrete. The main types of concrete restoration are shotcrete, quick setting cement mortar, fiber concrete, and other material types (concrete bonding agents, grout, etc.). Shotcrete refers to a method of applying concrete proposed at high velocity primarily on a vertical or overhead surface. The various applications include roads, highways, and bridges, dams and reservoirs, marine, buildings and balconies, water and wastewater treatment, and others. The different end users include residential, commercial and institutional, and Infrastructure. The global concrete restoration market is segmented - 1) By Material Type: Shotcrete, Quick Setting Cement Mortar, Fiber Concrete, Other Material Types 2) By Application: Roads, Highways, And Bridges, Dams And Reservoirs, Marine, Buildings And Balconies, Water And Wastewater Treatment, Other Applications 3) By End User: Residential, Commercial And Institutional, Infrastructure The global concrete restoration market size grew from $15.23 billion in 2022 to $16.43 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global concrete restoration is expected to grow to $20.75 billion in 2027 at a CAGR of 6.0%. The increasing number of construction repair projects is expected to propel the growth of the concrete restoration market going forward. Construction repair refers to all types of work done by laborers and mechanics employed by the sub-recipient, construction contractor, or construction subcontractor on a particular building or work. Restoration is the process in which it will return the building to its original condition. For instance, in May 2022, according to the Office of National Statistics (ONS), a UK-based Statistics Authority, construction repairs in the UK increased by 5.5% year-on-year and seven of the nine ONS-monitored construction sectors have seen an increase in work, with only infrastructure and public new work seeing falls. Therefore, an increasing number of construction repair projects around the world will drive the concrete restoration market growth. Major players in the concrete restoration market are Fosroc Group, American Decorative Coatings LLC, BASF SE, Concrete Restoration Inc., CROM Corp, Edison Coatings Inc., Flexcrete Technologies Ltd., MB Solutions Australia Pty Ltd., Mapei S.p.A, MBCC Group, Pidilite Industries Limited, RPM International Inc., Saint-Gobain Weber S.A., Sika AG, Simon Surfaces, Sto SE & Co. KGaA, Structural Group Inc., The Euclid Chemical Company, U-C Coatings LLC, Western Construction Group Inc., Fyfe Co LLC, Axiom Materials Inc., Normet Group Oy, Solvay S.A., Hexcel Corporation, Toray Industries Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Carbon SE, Gurit Holding AG,. Product innovation is a key trend gaining popularity in the concrete restoration market. Major companies operating in the concrete restoration market are focused on developing new innovative solutions to strengthen their position. For instance, in July 2022, Cementos Argos S.A., a Colombia-based company operating in concrete restoration launched the innovative and highly-specialized concrete restoration product Super UHPC (ultra-high-performance concrete) to rehabilitate deteriorated bridges and roads and construct new infrastructure. The product is made up of fibers and cementitious components that have been carefully chosen to provide it with great mechanical and lasting qualities which is helpful for the repair and rehabilitation of existing structures. This stands out because it is sold in kits that include the dry mix bags, the additive, and the fibers. By correctly combining these components using a straightforward technique, users produce a substance with distinctive properties. In May 2021, New Mountain Capital, a US-based investment company acquired Aegion Corporation for an undisclosed amount. This acquisition would add a construction repair firm to New Mountain’s portfolio of investments and will boost the financials of Aegion Corporation. Aegion Corporation is a US-based company operating in concrete restoration. Asia-Pacific was the largest region in the concrete restoration market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete restoration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the concrete restoration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The concrete restoration market includes revenues earned by entities by providing services such as restoring expansion joints, epoxy injections, polyurethane grout injections to correct cracks, gaps and natural degradation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The concrete restoration market research report is one of a series of new reports from The Business Research Company that provides concrete restoration market statistics, including concrete restoration industry global market size, regional shares, competitors with a concrete restoration market share, detailed concrete restoration market segments, market trends and opportunities, and any further data you may need to thrive in the concrete restoration industry. This concrete restoration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The predictive vehicle technology refer to a set of vehicle technologies that incorporate prophetic analytics with the use of both real-time and historical data to predict vehicle behavior, and faults that might hamper vehicles if not corrected in real-time. Predictive vehicle technology uses artificial intelligence (AI) and machine learning (ML) to understand the trends and operating patterns of the vehicle owner which enhances the safety of the vehicle. The main types of component in predictive vehicle technology market are hardware, ADAS, OBD and telematics. The hardware is a mechanical devices used in predictive vehicle technology for vehicles that includes interconnected electronic devices used to control a car’s operation, input, and output. The vehicles using predictive vehicle technology are passenger vehicles and commercial vehicles deployed through on-premise and cloud. It is mainly used for proactive alerts, safety and security, maintenance analysis, and predictive smart parking. The global predictive vehicle technology market is segmented - 1) By Component: Hardware, ADAS, OBD, Telematics 2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle 3) By Deployment: On-Premise, Cloud 4) By Application: Proactive Alerts, Safety And Security, Maintenance Analysis, Predictive Smart Parking The global predictive vehicle technology market size will grow from $30.07 billion in 2022 to $35.72 billion in 2023, at a compound annual growth rate (CAGR) of 18.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the predictive vehicle technology is expected to grow to $71.19 billion in 2027 at a CAGR of 18.8%. The rising demand for technologically advanced vehicles propels the growth of the predictive vehicle technology market. Technologically advanced vehicles are highly equipped with the latest technology such as advanced driver assistant systems (ADAS), predictive vehicle technology, electric vehicle (EV) technology, 360-degree cameras, and more. The growing population and the economy, and rapid urbanization globally coupled with a need to reduce carbon footprint, have led to an increased demand for technologically advanced vehicles such as electric vehicles that use the latest EV technology. As the demand for technologically advanced vehicles grows, it will drive the need for the latest technologies including predictive vehicle technology. For instance, in February 2022, according to the International Energy Agency (IEA), the worldwide electric car market is expanding at a rapid pace with a global sale of 6.6 million EVs in 2021, more than doubling from 2019 which was 2.2 million EVs. Market momentum has continued, with EV sales more than doubling year on year to 6.6 million in 2021, accounting for over 9% of the worldwide market. There are presently around 16 million electric vehicles on the roads globally. Therefore, the rising demand for technologically advanced vehicles drives the predictive vehicle technology market growth. Major players in the predictive vehicle technology market are Bosch, Continental AG, Valeo, Garrett Motion Inc., Aisin Corporation, Aptiv, Hella KGaA Hueck & Co., Huawei Technologies Co., Ltd., Infineon Technologies AG, KPIT Technologies Limited, NXP Semiconductors NV, Qualcomm Technologies Inc., Samsung Electronics Co., Ltd., Sierra Wireless Inc., Cisco Systems Inc., CloudMade, Cohda Wireless Pty Ltd., and Embitel Technologies. Technological advancement is a key trend gaining popularity in the predictive vehicle technology market. Major companies operating in the predictive vehicle technology market are focused on providing new technological solutions/upgrades in predictive vehicle technology to strengthen their position in the market. Predictive vehicle technology also uses hardware components such as ADAS (advanced driver assistance) components, telematics, and onboard diagnostics (OBD) port to predict vehicle behavior and assist the driver. These latest technologies help in ensuring the safety of vehicles. For an instance, in April 2021, Toyota Motor Corp, a Japanese automotive manufacturer launched its new Lexus and Mirai vehicle models in Japan, outfitted with the company's most advanced driver assistance technology, allowing for safe driving and wireless software upgrades. The latest driving assist technology, or Advanced Drive, from the automaker, is a level 2 autonomous system that assists drivers with driving circumstances such as staying in one's lane, maintaining a safe distance from other vehicles, and changing lanes on expressways or other motor-vehicle only routes. In May 2020, ZF Friedrichshafen, a German-based company specializing in driveline and chassis technology, active and passive safety technology, and also a manufacturer of auto parts acquired WABCO Vehicle Control Systems for an amount of over $7 billion. The acquisition strengthens both firms and is expected to hasten the development of new technologies to enable autonomous commercial vehicle operations, making ZF less reliant on the passenger car industry's cycle. Wabco is a US-based company that specializes in advanced driver assistance systems for trucks and trailers. Asia-Pacific was the largest region in the predictive vehicle technology market in 2022. The regions covered in the predictive vehicle technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the predictive vehicle technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The predictive vehicle technology market includes revenues earned by entities by providing services by using predictive maintenance software and predictive maintenance sensors that includes services such as vibration analysis, oil analysis, thermal imaging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The predictive vehicle technology market research report is one of a series of new reports from The Business Research Company that provides predictive vehicle technology market statistics, including predictive vehicle technology industry global market size, regional shares, competitors with a predictive vehicle technology market share, detailed predictive vehicle technology market segments, market trends and opportunities, and any further data you may need to thrive in the predictive vehicle technology industry. This predictive vehicle technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. These type of services are provided by large contractors and small contractors. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public 3) By Type of Contractor: Large Contractors, Small Contractors Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%. The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Major companies in the market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China Evergrande Group. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects . Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Asia-Pacific was the largest region in the construction market in 2022. North America was the second-largest region in the construction market. The regions covered in the construction report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The construction market includes revenues earned by entities by constructing buildings or engineering projects (such as highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The market also includes modular building construction, prefabricated building construction, 3D building construction and green building construction The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction market research report is one of a series of new reports from The Business Research Company that provides construction market statistics, including construction industry global market size, regional shares, competitors with a construction market share, detailed construction market segments, market trends and opportunities, and any further data you may need to thrive in the construction industry. This construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An off-highway electric vehicle refers to a type of electric vehicle built for off-road use that utilizes electricity to operate on and off paved or gravel roads. The common characteristics of off-highway electric vehicles are front suspension, grip-suitable tires with deep, wide treads, underbody protection, low-range-gearing, and caterpillar tracks. The off-highway electric vehicle is used to boost productivity, reduce emissions, and improve safety and labor savings. The main types of off-highway electric vehicles include battery electric vehicles (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicles (PHEV). BEV refers to battery electric vehicles. BEV is powered by electricity with no gas engine parts, fossil fuel engine, or generator, hence does not create any emissions. The different battery types include lithium-ion, lead-acid, and others that are used in mining, construction, agriculture, gardening or landscaping, others. The global off-highway electric vehicle market is segmented - 1) By Type: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicles (PHEV) 2) By Battery Type: Lithium-Ion, Lead-Acid, Other Batteries 3) By Application: Mining, Construction Agriculture: Gardening or Landscaping, Other Applications The global off-highway electric vehicle market size will grow from $5.54 billion in 2022 to $7.13 billion in 2023, at a compound annual growth rate (CAGR) of 28.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global off-highway electric vehicle is expected to grow to $18.3 billion in 2027 at a CAGR of 26.6%. The increase in demand for electric vehicles is expected to propel the growth of the off-highway electric vehicle market going forward. Electric vehicles are referred to as automobiles that are powered partially or completely by electricity from a rechargeable battery. Electric vehicles are supplied by renewable energy that contributes to reduced CO2 emissions and air pollution, creates significant efficiency gains, and serves as a source of storage of renewable electricity, thereby increasing the demand for off-highway electric vehicles. For instance, according to the International Renewable Energy Agency report, a UAE-based renewable and sustainable energy intergovernmental organization, the number of electric passenger cars is expected to reach 200 million in 2030 and electric buses and light-duty vehicles are expected to reach 10 million by 2030. Hence, increasing demand for electric vehicles is driving the demand in the off-highway electric vehicle market. Major players in the off-highway electric vehicle market are Caterpillar Inc., Volvo Construction Equipment Ab, Deere And Company, Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Doosan Corporation, J.C. Bamford Excavators Ltd., Cnh Industrial N.V., Tesla Inc., Bayerische Motoren Werke GmbH, Nissan Motors, Toyota MC, Volkswagen AG, Kubota Corporation, Duetz AG, Atlas Compagnie Pneumatique Commerciale, Sumitomo Heavy Industries, Stihl Holding AG and Co. Kg, and Solectrac LLC. Technology advancement is the key trend gaining popularity in the off-highway electric vehicle market. Major companies operating in the off-highway electric vehicle sector are focused on introducing new technologies to strengthen their position in the market. For instance, in December 2021, XCMG, a China-based heavy machinery manufacturing company launched a 25-tonne truck crane with hybrid technology that can switch to different working modes such as hybrid, pure oil, pure electricity, and plug-in systems while operating. It is developed to improve fuel efficiency, deliver optimal job performance and speed, and reduce noise levels. It achieves 0–40 km/h in 16 seconds, which is half the duration of a standard fuel crane. With a 1.5-hour charging time and an 800-kilometer range on full gasoline, the carriage makes only 60 dB of noise when being driven. In May 2022, Mahindra & Mahindra, an India-based automotive manufacturing company that operates in off-road electric vehicles partnered with Volkswagen to use MEB electric components such as battery system components, electric motors, and battery cells for its new Born Electric Platform. This partnership aimed at the shared objective of both companies to electrify the automotive market in India. Volkswagen is a Germany-based motor vehicle manufacture. North America was the largest region in the off-highway electric vehicle market in 2022. The regions covered in the global off-highway electric vehicle market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the off-highway electric vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The off-highway electric vehicle market consists of sales of off-highway all-electric vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The off-highway electric vehicle market research report is one of a series of new reports from The Business Research Company that provides off-highway electric vehicle market statistics, including off-highway electric vehicle industry global market size, regional shares, competitors with off-highway electric vehicle market share, detailed off-highway electric vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the off-highway electric vehicle industry. this off-highway electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Bridges refer to the construction of a structure over a physical obstacle, such as water bodies, valleys, and roads, to provide crossing over that obstacle. The common materials used in the construction of bridges include structural steel, reinforced concrete, pre-stressed concrete, or post-tensioned concrete, depending on the structural behavior of the bridge. The main types of bridges include the beam bridge, the truss bridge, the arch bridge, the suspension bridge, and the cable-stayed bridge. The beam bridge consists of the sales of beam bridges by entities (organizations, partnerships, and sole proprietors) and refers to a horizontal structure that rests on two-end supports and carries traffic by acting as a beam. The beam is strong enough to withstand both dynamic and static loads. The materials used in bridges include steel, concrete, and composite material. The applications of bridges include roads, highways, and railways. The global bridges market is segmented - 1) By Type: Beam Bridge, Truss Bridge, Arch Bridge, Suspension Bridge, Cable-Stayed Bridge 2) By Material: Steel, Concrete, Composite Material 3) By Application: Road and Highway, Railway The global bridges market size will grow from $110.11 billion in 2022 to $118.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of bridges is expected to grow from $155.32 billion in 2027 at a CAGR of 7.0%. An increase in infrastructure developments across the globe is expected to propel the growth of the bridges market. Infrastructure refers to physical and organizational structures and facilities that are needed for the operations of enterprises and society. This infrastructure consists of constructions such as buildings, roads, power supplies, and bridges and helps to promote the long-term viability of households and businesses. bridges come under hard infrastructure which makes up the physical systems that help to manage growing traffic. For instance, in February 2021, according to Financial express-news, according to the study published by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI investments in construction and development infrastructure were $17.22 billion in 2020, which is expected to increase to $1.4 trillion by end of 2023. Thus, the increase in investments in the development of infrastructure will support the growth of bridges going forward. Major players in the bridges market are ACS Group, AECOM, Balfour Beatty, China Communications Construction Company Limited, China Railway Group Ltd., Fluor, Hochtief AG, Kiewit Corporation, Samsung CAndT, VINCI, Sanford Contractors, Precon Smith Construction, Brennan, Milbocker and Sons, and WSP. Introducing new technologies in construction is shaping the bridges market. Major companies operating in the bridges market are focused on implementing new technologies in bridges, to build bridges better and faster and contribute to longer bridge life. New Technologies like road-rail cable-stayed are used in the construction of new bridges especially bridges constructed on rivers. Further, advanced technologies such as robots, virtual reality and augmented reality technologies are being used to construct bridges at reduced operational cost and reduce the lead time of the projects. For instance, the new under-construction arch steel bridge in Bangladesh is constructed with advanced technology in bridge maintenance and management to improve the structural performance of the bridges. In September 2020, Southland Holding is a US-based construction company acquired by American Bridge Company for an undisclosed amount. With this acquisition, American Bridge Company will become part of Southland Holding and operates under Southland Holding. This acquisition helps Southland Holdings’ to diversify its business in the construction of tunneling, facilities and pipelines, heavy highway, bridge, and marine construction. American Bridge Company is a US-based company that constructs buildings roads and bridges. Asia-Pacific was the largest region in the bridges market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bridges market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bridges market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The bridges market includes revenues earned by entities by construction of cantilever bridge, cable-stayed bridge and tied-arch bridge. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The bridges market research report is one of a series of new reports from The Business Research Company that provides bridges market statistics, including bridges industry global market size, regional shares, competitors with a bridges market share, detailed bridges market segments, market trends and opportunities, and any further data you may need to thrive in the bridges industry. This bridges market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy and civil engineering construction is the process of building, altering, repairing, improving, or demolishing any complex large government and city project structures using a detailed design and plan. The main types of heavy and civil construction are utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The construction of distribution lines, as well as related buildings and infrastructure for utilities (that is water, sewer, petroleum, gas, power, and communication), is referred to as utility system construction. It includes all structures (including buildings) that are integral parts of utility systems (such as storage tanks, pumping stations, power plants, and refineries). The companies involved in heavy and civil construction are divided into large enterprises and small and medium-sized enterprises. These services are used by both the private and public sectors. The global heavy and civil engineering construction market is segmented - 1) By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction 2) By Organization Size: Large Enterprises, Small and Medium Enterprises 3) By End User: Private, Public Subsegments Covered: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction, Roads And Highways, Bridges And Tunnels, Other Highway, Street, And Bridge Construction, Marine And Ports Construction, Rail Road Construction, Sea Wall Construction, All Other Heavy And Civil Engineering Construction The global heavy and civil engineering construction market grew from $1840.28 billion in 2022 to $1936.17 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy and civil engineering construction market is expected to grow to $2305.56 billion in 2027 at a CAGR of 4.5%. Technological development will drive the growth of heavy and civil engineering construction during the forecast period. Markets such as foundation, structure, and building exterior contractors that involve technology benefited from this trend. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, “tiny houses,” and solar roads. Due to the advancement in technology, the demand for better infrastructure will increase and positively impact the demand for heavy and civil engineering construction. Major companies in the heavy and civil engineering construction market include China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China State Construction Engineering Corporation Ltd., Power Construction Corporation of China. Heavy and civil engineering construction costs are increasing steadily due to rising material costs. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil. A key component of asphalt, increased by 58% in 2021 from the year 2020 . According to the latest Producer Price Index (PPI) released by the Bureau of Labour Statistics, in the US, prices paid for items used in residential construction jumped 1.7% in April 2021 and have increased by 12.4% over the last 12 months. According to the National Association of Home Builders (NAHB), softwood lumber prices jumped 6.5 percent in April 2021, marking a new high for the third month in a row. Lumber prices have risen by 52.0 percent since November 2020. High material prices will adversely affect the heavy and civil engineering construction markets during the forecast period. Offshore productivity, or the productivity of marine contractors, has been increasing in recent years owing to better automation and monitoring technologies. This increase in productivity is seen particularly in dredging, land reclamation, and offshore construction of oil platforms, and can be attributed to mechanical technology improvements, automation, and better monitoring of offshore construction projects. For example, in August 2020, MJR Power and Automation, a vessel mobilisation and marine engineering expert based in the United Kingdom, completed a mobilisation project for Enshore Subsea, a division of DeepOcean Group that is responsible for all subsea intervention activities around the world. The work was conducted on the recently overhauled Assister vessel, which is commercially managed by JD Contractor and serves both the renewables and oil and gas industries. The specialised vessel, which houses cutting-edge equipment, was designed to perform a variety of tasks, including deep-water anchor handling and offshore cable installations, towing underwater plough systems, and providing subsea and ROV support work. Major marine contractors include Jenkins Marine, Teignmouth Maritime Services, and Edwards Diving Services. Asia-Pacific was the largest region in the heavy and civil engineering construction market in 2022. North America was the second-largest in the heavy and civil engineering construction market. The regions covered in the heavy and civil engineering construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heavy and civil engineering construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The heavy and civil engineering construction market includes revenues earned by entities by water and sewer line and related structures construction, oil and gas pipeline and related structures construction, power and communication line and related structures construction, roads and highways, bridges and tunnels, other highway, street, and bridge construction, marine and ports construction, rail road construction, and sea wall construction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heavy and civil engineering construction market research report is one of a series of new reports from The Business Research Company that provides heavy and civil engineering construction market statistics, including heavy and civil engineering construction industry global market size, regional shares, competitors with a heavy and civil engineering construction market share, detailed heavy and civil engineering construction market segments, heavy and civil engineering construction market trends and opportunities, and any further data you may need to thrive in the heavy and civil engineering construction industry. This heavy and civil engineering construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the heavy and civil engineering construction industry.

The smart pole refers to a pole with a completely integrated lighting system, sensors, wireless connectivity (Wi-Fi or cellular technology), and other functions in one cohesive unit. Smart Poles uses real-time systems, data, and sensors to connect information and communication technologies amongst many parties, including municipalities, commercial businesses, transportation grids, hospitals, schools, and others. The main hardware components of smart pole includes lighting lamps, pole bracket & pole body, communication device, controllers, and others. The lighting lamp refers to smart lighting systems used in both new installation and retrofit installation of smart pole. The lighting systems in smart pole consists of a integrated system, which connects communication and information technology between multiple carriers through use of real-time systems, sensors, and data. They are installed through new installation or retrofit installation. They are used in highways and roadways, public places, railways & harbours. The global smart pole market is segmented – 1) By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, Other Hardwares 2) By Installation Type: New Installation, Retrofit Installation 3) By Application: Highways & Roadways, Public Places, Railways & Harbors The global smart pole market size grew from $9.04 billion in 2022 to $10.53 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of smart pole is expected to grow to $19.84 billion in 2027 at a CAGR of 17.2%. The growing number of smart roads across the globe is expected to propel the growth of the smart pole market. Smart roads refer to actual roads equipped with a smart streetlight, smart traffic lights, and other smart technologies, which provide safe and secured transportation. These roads utilize advanced communication networks, IoT sensor networks, big data, and MI/AL technologies, to gather information from traffic lights, parking meters, air quality and others. These data are further used to provide efficient traffic movement, reduce congestion, and offer secured and safe passage to people. For instance, according to the study published in Tomorrow City, an interdisciplinary research hub, in Europe, more than EUR 421 million in the development of 69 mobility projects. Therefore, an increase in the number of smart roads is expected to boost the smart pole market during the forecast period. Major players in the smart pole market are Signify Holding, Silver Spring Networks, Inc., Telensa, Wipro Limited, Zumtobel Group, Lumca Inc., Sunna Design Inc., ELKO EP, SE. OMNIFLOW, Jaguar, Shanghai Sansi Electronic Engineering Co., Ltd., Goldspar Australia Pty. Ltd., iRam Technologies, Telelink City, and Ampolt Electronics India Pvt Ltd. Increasing integration of IoT enabled devices in smart pole is an emerging trend gain popularity in the smart pole market. IoT enabled devices refers to hardware such as sensors, actuators, gadgets, and appliances, that are programmed for certain applications and transmit data over the internet to other networks. The majority of the companies operating in the smart pole are integrating multiple IoT-enabled devices to increase usability and increase the capabilities of pole to carry out a wide range of activities. For instance, Signify N.V., a Netherlands-based manufacturer and distributor of electric lights and lighting fixtures launched the BrightSites smart pole, integrated with a wide range of IoT applications, connectivity, cameras, and environmental sensors. In March 2020, Signify N.V., a Dutch-based provider of high-quality, energy-efficient lighting products, systems, and services, acquired Cooper Lighting Solutions for $1.4 billion on a cash and debt free basis. This acquisition by Signify N.V., will bring innovation to lighting systems, leading to operational efficiencies and creating value for the customers. Cooper Lighting Solutions, is a georgia-based provider of professional lighting, lighting controls, and smart lighting systems. North America was the largest region in the smart pole market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart pole market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart pole market consists of revenues earned by entities by providing smart pole services designing, installation, maintenance and network operations. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart pole market also includes sales smart pole components cameras, environmental sensors, PV solar cells, USB charging, digital signage, and smart lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart pole market research report is one of a series of new reports from The Business Research Company that provides smart pole market statistics, including smart pole industry, global smart pole market size, regional shares, competitors with a smart pole market share, detailed smart pole market segments, market trends and opportunities, and any further data you may need to thrive in the smart pole industry. This smart pole market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.