Highway, Street and Bridge Construction Market - Overview

Highway, Street and construction market includes organizations or establishments responsible for construction of highways, streets and bridges. The highway, street and bridge construction market includes repairs, rehabilitation, reconstruction and new work.

Economic growth in developing countries is the primary driver for the highway, street, and bridge construction market. Rising number of vehicle on roads is leading to traffic congestions thus boosting the demand of highway, street and bridge construction market. To improve connectivity to rural areas newer streets are being constructed. Increasing number of vehicle sales is also expected to drive the highway, street and bridge construction market. During 2017, 30% of the China’s investment was allocated to infrastructure. Infrastructure development has been given prime importance by China’s government To achieve sustainable growth China has been instrumental in developing construction projects not just in China but in foreign countries as well. China has invested US $ 9 Bn in construction projects with 16 central and European Countries as a part of “Belt and Road Initiative” in 2017. The project is estimated to witness high development of highways and bridges through a number of Asian and European countries thus boosting the highway, street and bridge construction market. Growing economic opportunities in Latin America has boosted the urbanization rate in the Latin America countries. Rising demand to develop public infrastructure and city planning is expected to boost the highway, street and construction market.

Downturn in economy discourages the investment in for infrastructure and development thus acting as a restraining factor for the highway, street, and bridge construction market.

Highway, Street and Bridge Construction Market - Segmentation

The global highway, street, and bridge construction market is classified by type, construction type and region. By type, the market is segmented under highway, street, and bridge. The bridge segment is anticipated to witness highest growth during the forecast period due to rising adoption of over bridges in cities to tackle traffic congestion and improve accessibilities to the city.

By construction type, the highway, street and Bridge Construction market is segmented under new construction, reconstruction and repair. The new construction segment is anticipated to witness highest growth owing to development of new projects in developing countries. The repair segment is also expected to hold a significant share due to the maintenance requirement of the bridges and highway. The maintenance of bridge includes deck replacement, and other structural work contributing to the growth of repair segment. The highways also need maintenance such as   highway markers, patching pavements, repairing crash guards and thus contribute to the growth of the highway, street and bridge construction market.

By region, the global highway, street and bridge construction market is segmented according to North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific leads the global highway, street and bridge construction market. China is expected to lead the Asia Pacific region in terms of revenue. India is also expected to witness a high growth during the forecast period to due rapid economic growth. Asia Pacific region is followed by North America and Middle East with GCC sub-region holding highest share in MEA region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

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  • Supply and demand
  • Market size
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  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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