The forecast for the UK’s sold production of iron or steel bridges and bridge-sections shows a steady decline from 2024 to 2028, starting at 19.752 million kilograms in 2024 and decreasing to 18.75 million kilograms by 2028. Compared to the actual level in 2023, this marks a gradual reduction in production volume over the forecasted period.
Year-on-year analysis highlights an average decrease of around 1.2% annually, reflecting a modest but consistent downward trend. The compound annual growth rate (CAGR) over these five years is negative, indicating a continued decrease in output.
Future trends to watch include technological advancements in bridge construction, potential shifts in demand due to infrastructure projects, and the sustainability and material innovation efforts within the industry that could impact production volumes.
