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Highway, Street, and Bridge Construction Market 6 CAGR Growth Outlook 2025-2033
Highway, Street, and Bridge Construction Market by Type (Highway, Street, Bridge), by Construction Type (New construction, Reconstruction, Repair), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, ANZ), by Latin America (Brazil, Mexico, Argentina), by MEA (South Africa, UAE, Saudi Arabia) Forecast 2025-2033
Key Insights
The size of the Highway, Street, and Bridge Construction Market was valued at USD 2,111.8 Billion in 2023 and is projected to reach USD XXX Billion by 2032, with an expected CAGR of 6% during the forecast period. The Highway, Street, and Bridge Construction Market includes the planning, design, and building of vital transportation infrastructure, such as highways, streets, and bridges. This market is fueled by the rising need for upgraded and expanded transportation systems to accommodate burgeoning urbanization, population increase, and economic progress. The demand for enhanced connectivity, smoother traffic flow, and safety in both advanced and developing economies drives investments in building new roads, bridges, and in the maintenance and upgrading of existing infrastructure. Moreover, the emphasis on sustainability and intelligent infrastructure is driving the market towards innovations like energy-saving road materials, smart transportation systems, and environmentally-friendly building methods. Government expenditure on public infrastructure and the growth of public-private partnerships (PPP) are crucial factors influencing market expansion. The persistent movement towards urbanization, the demand for enhanced logistics and transportation options, and the increasing emphasis on alleviating road congestion and boosting safety standards all play a role in the ongoing expansion of the highway, street, and bridge construction industry. This market is projected to grow consistently as countries allocate resources towards essential infrastructure to address upcoming mobility demands.
Highway, Street, and Bridge Construction Market Concentration & Characteristics
The market is concentrated with a few large global players accounting for a significant market share. The key players include Continental Engineering Corporation, Kiewit Group, China Communication Construction Company Limited, and ACS Group S.A.
The market is characterized by innovation, with companies continuously investing in new technologies. The impact of regulations is also significant, as governments implement standards for road and bridge construction.
End user concentration is high, with governments being the primary users of road and bridge construction services. The level of M&A is also high, as companies seek to consolidate their market position.
Highway, Street, and Bridge Construction Market Trends
Key market insights include:
- The growing trend towards sustainable construction
- The increasing use of technology in road and bridge construction
- The rising demand for road and bridge construction services in developing countries
Key Region or Country & Segment to Dominate the Market
The Asia Pacific region is the largest market for road and bridge construction, followed by North America. The key segments of the market include new construction, reconstruction, and repair.
New construction is expected to be the fastest growing segment, due to the increasing demand for new roads and bridges in urban areas.
Highway, Street, and Bridge Construction Market Product Insights Report Coverage & Deliverables
The report coverage includes a detailed analysis of the market size, share, and growth. It also provides insights into the market trends, drivers, and challenges.
The report deliverables include:
- A detailed analysis of the market size, share, and growth
- Insights into the market trends, drivers, and challenges
- A comprehensive analysis of the competitive landscape
- Profiles of the key players in the market
Highway, Street, and Bridge Construction Market Analysis
The market size is expected to reach 3,800 billion by 2030. This growth will be driven by factors such as:
- The need to maintain and upgrade existing roads and bridges
- The construction of new roads and bridges to support economic development
- Government initiatives to promote sustainable construction practices
- Technological advancements in road and bridge construction
Highway, Street, and Bridge Construction Market Regional Insights
- North America: U.S., Canada
- Europe: UK, Germany, France, Italy, Spain, Russia
- Asia Pacific: China, India, Japan, South Korea, ANZ
- Latin America: Brazil, Mexico, Argentina
- MEA: South Africa, UAE, Saudi Arabia
Driving Forces: What's Propelling the Highway, Street, and Bridge Construction Market
- Growing urbanization
- Increasing infrastructure spending by governments
- Need to maintain and upgrade existing roads and bridges
Challenges and Restraints in Highway, Street, and Bridge Construction Market
- High cost of construction
- Government budget constraints
- Environmental concerns
Emerging Trends in Highway, Street, and Bridge Construction Market
- Sustainable construction practices
- Use of technology in road and bridge construction
- Rising demand for road and bridge construction services in developing countries
Highway, Street, and Bridge Construction Industry News
- In July 2023, AECOM won a $420 million contract from the California Department of Transportation to design and build a new interchange on Interstate 5. The interstate will be part of a larger project to improve traffic flow in the area.
Leading Players in the Highway, Street, and Bridge Construction Market
- Continental Engineering Corporation
- Kiewit Group
- China Communication Construction Company Limited
- ACS Group S.A.
- Balfour Beatty Plc
- China Railway Group Ltd.
- Heijimans N.V.
- Larsen & Toubro Ltd.
- AECOM
- Turner Corporation
Highway, Street, and Bridge Construction Market Segmentation
- 1. Type
- 1.1. Highway
- 1.2. Street
- 1.3. Bridge
- 2. Construction Type
- 2.1. New construction
- 2.2. Reconstruction
- 2.3. Repair
Highway, Street, and Bridge Construction Market Segmentation By Geography
- 1. North America
- 1.1. U.S.
- 1.2. Canada
- 2. Europe
- 2.1. UK
- 2.2. Germany
- 2.3. France
- 2.4. Italy
- 2.5. Spain
- 2.6. Russia
- 3. Asia Pacific
- 3.1. China
- 3.2. India
- 3.3. Japan
- 3.4. South Korea
- 3.5. ANZ
- 4. Latin America
- 4.1. Brazil
- 4.2. Mexico
- 4.3. Argentina
- 5. MEA
- 5.1. South Africa
- 5.2. UAE
- 5.3. Saudi Arabia
Highway, Street, and Bridge Construction Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6% from 2019-2033 |
Segmentation |
|
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1 Increasing government investment in infrastructure development
- 3.2.2 Rising demand for transportation in Asia Pacific
- 3.2.3 Increasing focus on international connectivity
- 3.2.4 Growing tourism industry drives the need for improved transportation infrastructure
- 3.2.5 Rise in focus on modernization and rehabilitation of roads
- 3.3. Market Restrains
- 3.3.1. Funding shortage in least developed countries
- 3.4. Market Trends
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Highway
- 5.1.2. Street
- 5.1.3. Bridge
- 5.2. Market Analysis, Insights and Forecast - by Construction Type
- 5.2.1. New construction
- 5.2.2. Reconstruction
- 5.2.3. Repair
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. MEA
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Highway
- 6.1.2. Street
- 6.1.3. Bridge
- 6.2. Market Analysis, Insights and Forecast - by Construction Type
- 6.2.1. New construction
- 6.2.2. Reconstruction
- 6.2.3. Repair
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Highway
- 7.1.2. Street
- 7.1.3. Bridge
- 7.2. Market Analysis, Insights and Forecast - by Construction Type
- 7.2.1. New construction
- 7.2.2. Reconstruction
- 7.2.3. Repair
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Pacific Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Highway
- 8.1.2. Street
- 8.1.3. Bridge
- 8.2. Market Analysis, Insights and Forecast - by Construction Type
- 8.2.1. New construction
- 8.2.2. Reconstruction
- 8.2.3. Repair
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Latin America Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Highway
- 9.1.2. Street
- 9.1.3. Bridge
- 9.2. Market Analysis, Insights and Forecast - by Construction Type
- 9.2.1. New construction
- 9.2.2. Reconstruction
- 9.2.3. Repair
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. MEA Highway, Street, and Bridge Construction Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Highway
- 10.1.2. Street
- 10.1.3. Bridge
- 10.2. Market Analysis, Insights and Forecast - by Construction Type
- 10.2.1. New construction
- 10.2.2. Reconstruction
- 10.2.3. Repair
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Continental Engineering Corporation
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Kiewit Group
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 China Communication Construction Company Limited
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 ACS Group S.A.
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Balfour Beatty Plc
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 China Railway Group Ltd.
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Heijimans N.V.
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Larsen & Toubro Ltd.
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 AECOM
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Turner Corporation.
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Continental Engineering Corporation
- Figure 1: Global Highway, Street, and Bridge Construction Market Revenue Breakdown (Billion, %) by Region 2024 & 2032
- Figure 2: North America Highway, Street, and Bridge Construction Market Revenue (Billion), by Type 2024 & 2032
- Figure 3: North America Highway, Street, and Bridge Construction Market Revenue Share (%), by Type 2024 & 2032
- Figure 4: North America Highway, Street, and Bridge Construction Market Revenue (Billion), by Construction Type 2024 & 2032
- Figure 5: North America Highway, Street, and Bridge Construction Market Revenue Share (%), by Construction Type 2024 & 2032
- Figure 6: North America Highway, Street, and Bridge Construction Market Revenue (Billion), by Country 2024 & 2032
- Figure 7: North America Highway, Street, and Bridge Construction Market Revenue Share (%), by Country 2024 & 2032
- Figure 8: Europe Highway, Street, and Bridge Construction Market Revenue (Billion), by Type 2024 & 2032
- Figure 9: Europe Highway, Street, and Bridge Construction Market Revenue Share (%), by Type 2024 & 2032
- Figure 10: Europe Highway, Street, and Bridge Construction Market Revenue (Billion), by Construction Type 2024 & 2032
- Figure 11: Europe Highway, Street, and Bridge Construction Market Revenue Share (%), by Construction Type 2024 & 2032
- Figure 12: Europe Highway, Street, and Bridge Construction Market Revenue (Billion), by Country 2024 & 2032
- Figure 13: Europe Highway, Street, and Bridge Construction Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Asia Pacific Highway, Street, and Bridge Construction Market Revenue (Billion), by Type 2024 & 2032
- Figure 15: Asia Pacific Highway, Street, and Bridge Construction Market Revenue Share (%), by Type 2024 & 2032
- Figure 16: Asia Pacific Highway, Street, and Bridge Construction Market Revenue (Billion), by Construction Type 2024 & 2032
- Figure 17: Asia Pacific Highway, Street, and Bridge Construction Market Revenue Share (%), by Construction Type 2024 & 2032
- Figure 18: Asia Pacific Highway, Street, and Bridge Construction Market Revenue (Billion), by Country 2024 & 2032
- Figure 19: Asia Pacific Highway, Street, and Bridge Construction Market Revenue Share (%), by Country 2024 & 2032
- Figure 20: Latin America Highway, Street, and Bridge Construction Market Revenue (Billion), by Type 2024 & 2032
- Figure 21: Latin America Highway, Street, and Bridge Construction Market Revenue Share (%), by Type 2024 & 2032
- Figure 22: Latin America Highway, Street, and Bridge Construction Market Revenue (Billion), by Construction Type 2024 & 2032
- Figure 23: Latin America Highway, Street, and Bridge Construction Market Revenue Share (%), by Construction Type 2024 & 2032
- Figure 24: Latin America Highway, Street, and Bridge Construction Market Revenue (Billion), by Country 2024 & 2032
- Figure 25: Latin America Highway, Street, and Bridge Construction Market Revenue Share (%), by Country 2024 & 2032
- Figure 26: MEA Highway, Street, and Bridge Construction Market Revenue (Billion), by Type 2024 & 2032
- Figure 27: MEA Highway, Street, and Bridge Construction Market Revenue Share (%), by Type 2024 & 2032
- Figure 28: MEA Highway, Street, and Bridge Construction Market Revenue (Billion), by Construction Type 2024 & 2032
- Figure 29: MEA Highway, Street, and Bridge Construction Market Revenue Share (%), by Construction Type 2024 & 2032
- Figure 30: MEA Highway, Street, and Bridge Construction Market Revenue (Billion), by Country 2024 & 2032
- Figure 31: MEA Highway, Street, and Bridge Construction Market Revenue Share (%), by Country 2024 & 2032
- Table 1: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Region 2019 & 2032
- Table 2: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 3: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 4: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Region 2019 & 2032
- Table 5: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 6: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 7: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 8: U.S. Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 9: Canada Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 10: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 11: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 12: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 13: UK Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 14: Germany Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 15: France Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 16: Italy Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 17: Spain Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 18: Russia Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 19: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 20: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 21: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 22: China Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 23: India Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 24: Japan Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 25: South Korea Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 26: ANZ Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 27: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 28: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 29: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 30: Brazil Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 31: Mexico Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 32: Argentina Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 33: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Type 2019 & 2032
- Table 34: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Construction Type 2019 & 2032
- Table 35: Global Highway, Street, and Bridge Construction Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 36: South Africa Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 37: UAE Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 38: Saudi Arabia Highway, Street, and Bridge Construction Market Revenue (Billion) Forecast, by Application 2019 & 2032
STEP 1 - Identification of Relevant Samples Size from Population Database
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
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Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
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STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Frequently Asked Questions
What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850 , USD 5,350, and USD 8,350 respectively.
What are the main segments of the Highway, Street, and Bridge Construction Market?
The market segments include Type, Construction Type
What is the projected Compound Annual Growth Rate (CAGR) of the Highway, Street, and Bridge Construction Market ?
The projected CAGR is approximately 6%.
What are the notable trends driving market growth?
.
Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Billion .
How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
Are there any restraints impacting market growth?
Funding shortage in least developed countries.
Can you provide examples of recent developments in the market?
In July 2023, AECOM won a $420 million contract from the California Department of Transportation to design and build a new interchange on Interstate 5. The interstate will be part of a larger project to improve traffic flow in the area.
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