Global Highway, Street and Bridge Construction Market Outlook, Industry Analysis and Prospect 2018-2026
Summary – A new market study, “Highway, Street
and Bridge Construction: Global Markets to 2022”has been featured on
WiseGuyReports.
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.
Roads and
highways accounted for the largest share of the market for highway, street and
bridge construction in 2017 at REDACTED. The highest growth is also projected
to come from Bridges, which isforecasted to grow at a CAGR of REDACTED. Major
factors included economic growth, increasing investmentsand high demand for
enhanced connectivity from nations across the world.
Asia Pacific
is the largest market for highway, street and bridge, accounting for REDACTED
of the global market.North America, and Middle East followed it. Going forward,
Eastern Europe is expected to witness thefastest growth in the highway, street
and bridge market, estimated to grow at a CAGR of REDACTED, followedby Africa,
which is expected to grow at a CAGR of REDACTED.
China is the
largest market in terms of value and in the highway, street and bridge
construction market.Russia and India are forecasted to have the fastest growth,
growing at a CAGR of REDACTED and REDACTED,respectively.
The market is
challenged by restraints such as decline in stringent regulations, uncertain
market conditions, decrease in productivity and shortage of workforce.Report
Scope
This research
report categorizes the highway, street and bridge construction by type. Product
types include roads and highways, bridges and other.
Report
Includes
- 94 data
tables
- An overview
of highway, street and bridge construction markets within the industry
- Analyses of
global market trends with data from 2016 and 2017, and projections of compound
annual growth rates (CAGRs) through 2022
- PESTLE
Analysis of highway, street and bridge construction industry, and
identification of growth driving factors, restraints, and market trends and
strategies
- Evaluation
of increased use of sophisticated technologies such as autonomous vehicles,
digital technologies and how they led to improve road safety in highway, street
and bridge construction industry
- Company
profiles of major players in the industry, including China Communications
Construction Company, China Railway Construction Corporation Limited (CRCC),
China Railway Group Ltd. (CREC), Grupo ACS and Vinci SA
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3027223-highway-street-and-bridge-construction-global-markets-to-2022
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