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Highway, Street and Bridge Construction: Global Markets to 2022

Highway, Street and Bridge Construction: Global Markets to 2022

  • February 2018
  • 187 pages
  • ID: 5343385
  • Format: PDF
  • By BCC Research

Summary

Table of Contents

• The global highway, street and bridge construction market will grow from $1.5 trillion in 2017 to $2.2 trillion by 2022 with a compound annual growth rate (CAGR) of 8.4% for the period of 2017-2022.
• Asia-Pacific highway, street and bridge construction market will grow from $992.0 billion in 2017 to $1.5 trillion by 2022 with a CAGR of 9.0%.
• North American highway, street and bridge construction market will grow from $184.1 billion in 2017 to $215.8 billion by 2022 with a CAGR of 3.2%.

Chapter 1: Introduction
BCC Research’s goal in performing this study was to determine the global market and future demand growth for Highway, Street and Bridge Construction over the five-year period from 2017 through 2022. Of particular focus was characterizing and quantifying the potential of the market for highway, street and bridge construction by geography, and product (i.e., Roads and Highways, Bridges, and Other)

The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-the-art is in highway, street and bridge construction and forecast the future commercial potential for the key market segments.

This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit highway, street and bridge construction companies, providers of raw materials, governments around the world and others.

Study Goals and Objectives
• To sum up the global highway, street and bridge construction market size.
• To estimate the growth rate of the highway, street and bridge construction.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.

Reasons for Doing This Study
Political support in form of low interest rates and subsidies and increasing infrastructure spending offered by national and state governments to improve connectivity has led to an increase in the demand of highway, streets and bridge construction globally.

Global industry leaders and large organizations see an expanded role for prefabrication of construction materials and recycling in road construction in the highway, street and bridge construction industry.

The global highway, street and bridge construction market is growing due to increased demand for better connectivity and infrastructure development. These factors along with technological advances such as use of autonomous vehicles, digital technologies to improve road safety is expected to drive the highway, street and bridge construction industry.

The market for highway, street and bridge construction is marginally consolidated with a few large players, dominating the market. Major players in the market include China Railway Group Ltd, China Railway Construction Corporation Limited, Groupo ACS, VINCI and others.

Scope of Report
This research report categorizes the highway, street and bridge construction by type. Product types include roads and highways, bridges and other.

Information Sources
• Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.


Methodology
Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.

Market numbers have been calculated in constant U.S. dollars.
Currencies $ stands for US Dollar € stands for Euro All other currencies are given with ISO currency codes.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include, and only include:
• Asia Pacific
• North America
• South America
• Western Europe
• Eastern Europe
• Middle East
• Africa

Highway, Street And Bridge Construction Market, By Segment
Roads and Highways
Bridges
Others

Highway, Street and Bridge Construction Market, By Region
Asia Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa

Chapter 2: Summary and Highlights
The global highway, street and bridge construction market is registering strong growth due to increasing investments, government initiatives, and economic growth in developing and developed economies.

At the same time, emerging market growth, low interest rate environment, rapid urbanization, rising population, improving technology, and growth in construction industry and is driving the demand for highway, street and bridge construction.

The market for highway, street and bridge construction reached a value of nearly $1,464.6 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% to nearly $2,191.5 billion by 2022.

The market for highway, street and bridge construction is fairly concentrated with a few large players dominating the market. Major players in the market are China Railway Group Ltd, China Railway Construction Corporation Limited, Groupo ACS, VINCI and others.

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