세계 교량 인프라 시장 규모는 2023년 9,892억 달러에서 2031년 1조 4,839억 2,000만 달러로 상승할 것으로 예측되며, 2024-2031년 예측 기간에 CAGR 5.20%의 성장이 전망됩니다. 교량 인프라 시장의 성장은 도로, 고속도로, 교량, 철도망을 포함한 국가의 기존 교통망을 업그레이드하고 확장하려는 정부 주도의 정책 강화에 의해 촉진되고 있습니다..
정부 주도권 강화, 투자 확대, 그리고 선진국과 신흥국의 경제 성장은 예측 기간 동안 전 세계 교량 인프라 시장을 활성화할 것으로 예상됩니다. G20은 인프라 프로젝트의 흐름과 품질을 향상시키기 위해 세계 인프라 허브를 시작했습니다. 교량 건설 시간 및 비용 절감 Geosynthetic Reinforced Soil-Integrated Bridge System(GRS-IBS)과 같은 기술 혁신은 급속한 도시화와 함께 시장 확대를 촉진할 것으로 예측됩니다.
예를 들어, GRS-IBS는 EDC-1과 EDC-2 모두에 포함된 Accelerated Bridge Construction 기술입니다. 이 기술 혁신이 2010년에 이 프로그램 하에서 처음으로 추진된 이래, 푸에르토리코와 콜롬비아 특별구의 44개 주에서 약 200개의 교량이 GRS-IBS를 이용한 건설에 선정되고 있습니다.
세계 교량 인프라 시장 성장을 가속하는 전략적 파트너십
관민 파트너십은 정부와 비공개 회사의 자원을 결합하여 공공 인프라 시스템을 구축하려는 시도입니다. 이런 유형의 약정은 민간 기업이 프로젝트를 관리하고 정부의 이니셔티브에 기술적 및 운영상의 노하우를 제공합니다. 공공자본과 민간자본이 확실히 섞여 있기 때문에 국가는 공공서비스의 지속가능성과 효과를 높일 수 있습니다. 개발도상국은 세계경제 감속에 대응하여 관민 파트너십(PPP)을 강화하고 인프라 지출을 늘려 성장세를 유지하고 있습니다.
마찬가지로 2021년 Fluor Corporation은 2020 Public-Private Partnership(P3) Awards에서 Gordie Howe International Bridge Project에서 ESG Performance of the Year 카테고리의 금상을 수상했습니다.
인프라 투자와 프로젝트 증가가 시장 성장에 영향
도시화와 건설 산업의 확대로 아시아태평양에서는 교량의 신설이 가장 활발합니다. 특히 중국과 인도 등 개발도상국의 철도망에 대한 세계 투자가 시장 성장의 주요 요인이 되고 있습니다. 세계 최대 현수교 상위 10개 중 8개, 5개가 현재 건설 중이며, 가장 긴 사장교 상위 10개 중 9개, 4개가 현재 건설 중입니다. 중국은 아시아태평양에서 다리 건설에 선도하고 있습니다. 세계에서 가장 긴 아치교 10개 중 8개가 중국에 있으며, 2개가 현재 건설 중입니다.
중국의 광동성이 2023년 철도 프로젝트에 160억 달러 이상을 투자할 의향이기 때문에 강교 수요가 증가할 것으로 예측됩니다. 중국에서는 지난 5년간 철도건설이 현저하게 증가했기 때문에 예측기간에 새로운 교량에 대한 요구가 증가할 전망입니다.
도로·고속도로 부문이 시장을 독점할 전망
2023년에 발표된 World Bank의 보고서에 따르면 2050년까지 세계 인구의 56%에 해당하는 44억명이 도시에 살게 됩니다. 이 동향은 앞으로도 계속되고 2050년까지 도시 인구는 현재의 3배를 넘을 것으로 예측되고 있습니다. 이는 10명 중 약 7명이 도시에 살게 됨을 나타냅니다. 원활한 이동을 위해서는 고속도로, 철도, 지하철 등의 교통 인프라가 필요합니다. 도시 지역에서는 공간이 제한되어 있기 때문에 대부분의 도로에서는 교통 요구를 유지하기 위해 육교가 필요하며 세계 교량 인프라 시장의 성장으로 이어지고 있습니다.
이 보고서는 세계 교량 인프라 시장에 대한 조사 분석을 통해 시장 규모와 예측, 시장 역학, 주요 기업 현황과 전망 등의 정보를 제공합니다.
Global bridge infrastructure market is expected to observe a CAGR of 5.20% during the forecast period 2024-2031F, rising from USD 989.20 billion in 2023 to USD 1483.92 billion in 2031. The growth of bridge infrastructure market is being driven by increased government initiative to upgrade and extend the country's existing transportation network, which includes roads, highways, bridges, and rail network.
Increasing government initiative, higher investments, and economic growth in established and emerging countries are expected to boost the worldwide bridge-infrastructure market in the forecast years. The G20 launched the Global Infrastructure hub to improve the flow and caliber of infrastructure projects. Technological innovations such as the Geosynthetic Reinforced Soil-Integrated Bridge System (GRS-IBS), which reduces the time and cost of bridge building, along with rapid urbanization, are predicted to propel market expansion.
For instance, GRS-IBS is an Accelerated Bridge Construction technology that was included in both EDC-1 and EDC-2. Since the innovation was first promoted under the program in 2010, about 200 bridges in 44 states in Puerto Rico and the District of Columbia have been chosen for construction utilizing GRS-IBS.
Strategic Partnership to boost the Global Bridge Infrastructure Market Growth
A public-private partnership is an endeavor that combines the governments and private sector companies' resources to create public infrastructure systems. In this type of arrangement, a private business manages the project and provides government initiatives with technical and operational know-how. Due to its robust mix of public and private capital, the nation can increase the sustainability and efficacy of public services. Developing nations tightened public-private partnerships (PPPs) in response to the global economic slowdown to boost infrastructure spending and maintain growth momentum.
Similarly, in 2021, Fluor Corporation won a gold award in the environmental, social, and governance of the Year category for the Gordie Howe International Bridge Project, at the 2020 Public-Private Partnership (P3) Awards.
Rising infrastructure Investment and Projects to Influence Market Growth
Due to urbanization and the expansion of the construction industry, Asia-Pacific is seeing the highest level of new bridge construction activity. Global investments in railway networks, especially in developing nations such as China and India, are the main driver of market growth. With eight out of the world's top ten largest suspension bridges, five are currently under construction, and out of nine of the top ten longest cable-stayed bridges, four are currently underway. China leads in Asia-Pacific in building bridges. Eight of the ten longest arch bridges in the world are in China and two more are being presently built.
The demand for steel bridges is anticipated to increase due to China's Guangdong Province intending to invest more than USD 16 billion (CNY 110 billion) in railway projects in 2023. The need for new bridges is projected to increase in the forecast period due to China's notable increase in railway, building over the last five years.
Road and Highway Sector is Expected to Dominate the Market
According to the World Bank report published in 2023, 4.4 billion people or 56% of the world's population, will be living in the urban cities by 2050. It is anticipated that the tendency will continue with the urban population becoming more than triple from its current level by 2050. This indicates that about seven out of ten individuals will reside in cities. The need for street and other transportation infrastructure such as highway, railway, and metro are required for smooth transportation. Due to limited space in cities, most of the roadways will require overpasses to sustain the transportation needs, leading to the growth of the global bridge infrastructure market.
In Texas, the United States, construction of the North Tarrant Express Capacity Improvement began in Q4 2023. The project will build an overlap highway road with bridges in Texas spanning 21 kilometers, and it is anticipated to be completed in the first quarter of 2027. In addition to relieving traffic congestion and promoting economic growth in North Texas, the project seeks to give drivers some considerable and dependable travel options.
Asia-Pacific to Dominate the Global Bridge Infrastructure Market Share
Asia-Pacific is expected to be the fastest-growing market for bridge construction due to its rapid urbanization and technological advancements. The region's growing economies, especially in China and India, are putting a significant demand on bridge infrastructure market. Government initiatives to strengthen public infrastructure, especially roads and highways, are contributing to the region's growth. China is investing heavily in sustainable infrastructure development in partnership with European countries. The growing urbanization in the region requires the development of cities and public infrastructure, which is expected to boost the regional bridge infrastructure market.
As of May 2022, China had over USD 5 trillion worth of infrastructure projects under development. The next two nations on the list, with infrastructure projects valued at around USD 2 trillion each, are the United States and India. India, on the contrary, is the nation with the greatest number of significant infrastructure projects.
For instance, India FDI investments in construction development and construction activity sectors stood at USD 26.54 billion and USD 33.52 billion, respectively in 2023, according to a report released by the India Brand Equity Foundation
Future Market Scenario (2024 - 2031F)
Public-private partnerships, which bring public and private sectors together for finance, construction, and managing transportation projects have grown in popularity. Building information modeling (BIM), and new materials are among the innovative technologies that the industry is implementing to boost productivity and cut expenses for building bridge.
Asia-Pacific is seeing an increase in the demand for infrastructure development. Through 2030, the Asian Development Bank (ADB) projects to maintain economic development, fight poverty, and lower the risk of climate change, that would conclude into an investment in almost USD 1.7 trillion a year in infrastructure.
Key Players Landscape and Outlook
The bridge market is made up of multinational engineering firms, specialist construction companies and technology providers. AECOM, Jacobs Engineering, and ACS are the big players with experience of large bridge projects. The market revolves around sustainable and resilient design with companies using green materials and construction methods. Partnerships, mergers, and acquisitions are common as companies tend to expand their capabilities and reach.
In 2023, Manhattan Road & Bridge Company (South Division), a specialist in building overwater bridges, sold its assets and project contracts to Manhattan Road & Bridge Company, a division of Manhattan Construction Group. The acquisition adds further knowledge and equipment to Manhattan's marine-based construction and bridge-building capabilities.
For instance, in 2020, American Bridge Company purchased Southland Holding, a US-based construction company, for an unknown sum. While American Bridge Company specializes in building roads and bridges. The acquisition will allow Southland Holding to broaden its company into tunneling, facilities, pipelines, heavy highways, bridges, and marine construction.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.