Global Bridge Construction Market Overview:
Bridges are the key element of civil engineering. Bridges are constructed either on-road or on the water to connect two points and reduce the distance. Primarily bridge designs are dependent on the load-bearing structure, whether flat, convex, or concave. Different types of bridges are constructed according to the applications and tensile strengths. In today’s time bridges are constructed by leveraging new technologies and materials to improve the construction. Further, sensors are also being embedded into the new and existing bridges to predict the condition of bridges.
- Surging Need for Bridge Construction to Manage Road Traffics and Offer Enhanced Mobility
- Increasing Infrastructural Developments in Order to Offer Better Transportation Mobility
- Economical Slowdown Due to Coronavirus Crises May Hamper the Growth
- Rapidly Increasing Bridge Construction Activities in the Urban and Metropolitan Areas
- Less Flexibility and Ability to Support Heavy Weights
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Jacobs Engineering Group (United States), Strabag (Austria), Bridge Construction Ltd. (United Kingdom), PNC Infratech Limited (India), Sanford Contractors (United States), Larson Construction (United States), Bechtel Group Inc. (United States), Fluor Corporation (United States), PCL Construction (United States), Billington Structures Limited (United Kingdom), Porr (Austria), Swietelsky AG (Austria), Mt Hojgaard (Denmark) and Bouygues Construction (France). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Bridge Construction market by 2026.
Latest Market Insights:
In 2020, Southland Holdings LLC announced the acquisition of American Bridge Company to expand itself as a global leader in infrastructure engineering and construction. American Bridge Company is a global leader in complex civil engineering, bridge construction and rehabilitation, marine construction, and specialty structures. By acquiring American Bridge Company, Southland Holdings will enhance its portfolio by including tunneling, facilities and pipelines, heavy highway, bridge, and marine construction to deliver a wide range of infrastructure projects.
What Can be Explored with the Bridge Construction Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bridge Construction Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bridge Construction
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bridge Construction market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bridge Construction market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Bridge Construction Companies, Construction Raw Material Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Bridge Construction Market?
The Bridge Construction market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Bridge Construction Market?
Top performing companies in the Global Bridge Construction market are Jacobs Engineering Group (United States), Strabag (Austria), Bridge Construction Ltd. (United Kingdom), PNC Infratech Limited (India), Sanford Contractors (United States), Larson Construction (United States), Bechtel Group Inc. (United States), Fluor Corporation (United States), PCL Construction (United States), Billington Structures Limited (United Kingdom), Porr (Austria), Swietelsky AG (Austria), Mt Hojgaard (Denmark) and Bouygues Construction (France), to name a few.
3. What trending factors would impact Bridge Construction Market growth most?
"Use of New Advanced Technologies and Materials to Reduce Construction Time and Cost" is seen as one of major influencing trends for Bridge Construction Market during projected period 2020-2026.