Global Transportation Infrastructure Market By Type (Railway, Airport, Roads and Bridges, Ports), By Application (Urban, Rural), By Construction Type (New Construction, Renovation): Global Opportunity Analysis and Industry Forecast, 2021-2031
The transportation infrastructure market size was valued at $1,770 billion in 2021 and is projected to reach $3,606.8 billion by 2031, registering a CAGR of 7.2% from 2022 to 2031. The transportation infrastructure includes construction and renovation activities carried out for roads, bridges, ports, and railways for effective logistics and tourism.
The factors, such as growing e-commerce industry coupled with rise in trade related agreements, fuel the market growth. In addition, introduction of the highly innovative solutions such as AI driven construction equipment helps in making construction process more efficient and faster. Thus, this is expected to drive the growth of the market.
However, lack of control of manufacturers on logistics service, poor infrastructure, along with higher costs of purchasing equipment for transportation infrastructure development hinder the market growth.
In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for transportation infrastructure development as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by end of 2021.
On the contrary, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to better transportation infrastructure are some of the factors that are anticipated to foster the market growth.
The transportation infrastructure market is segmented on the basis of type, application, construction type, and region. By type, the transportation infrastructure market is fragmented into railway, airport, roads & bridges, and ports. By application, the market is categorized into urban and rural. By construction type, the market is divided into new construction and renovation. By region, the transportation infrastructure market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2021, Asia-Pacific was the highest contributor to the global cargo handling equipment market share and is anticipated to secure a leading position during the forecast period.
On the basis of type, in 2021, the roads & bridges segment dominated the transportation infrastructure market, in terms of revenue, and the ports segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2021, the IC engine segment led the transportation infrastructure market, and the electric segment is expected to exhibit highest CAGR in the near future. By application, the road & rail segment led the market in 2021, in terms of revenue and the air segment is anticipated to register highest CAGR during the forecast period. By construction type, the new construction segment dominated the market in terms of revenue and the renovation segment is expected to witness growth at the highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; and is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the transportation infrastructure market report include ACS Group, Balfour Beatty plc, Bechtel Corporation, Bouygues Construction SA., CK Hutchison Holdings, Globalvia Inversiones SA, kiewit Corporation, laing o'rourke, Larsen & Toubro Ltd and Vinci SA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global transportation infrastructure market analysis from 2021 to 2031 to identify the prevailing global transportation infrastructure market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the global transportation infrastructure market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global global transportation infrastructure market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Railway
Airport
Roads and Bridges
Ports
By Application
Urban
Rural
By Construction Type
New Construction
Renovation
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Larsen & Toubro Ltd
ACS Group
Kiewit Corporation
Vinci SA
Laing O'Rourke
Balfour Beatty plc
Globalvia Inversiones SA
Bechtel Corporation
CK Hutchison Holdings
Bouygues Construction SA.
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