Pedestrian Bridge Market By Type (Truss bridges, Beam bridges, Suspension bridges, Arch bridges), By Construction Type (New Construction, Reconstruction and Repair), By Material (Concrete, Steel, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global pedestrian bridge market size was valued at $90,341.40 million in 2021 and is projected to reach $142,305.30 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. A pedestrian bridge is specially constructed across a road, river, valley, or other similar body for pedestrians' movements. Few pedestrian bridges allow cyclists as well. Steel, concrete, wood, and fiber-reinforced composite materials are widely used for constructing pedestrian bridges.
Increase in number of roads around the world is driving the need for pedestrian bridges to allow pedestrians to easily cross the roads or streets. The rise in the number of roads is directly proportional to the rise in population and urbanization. According to the United Nations, the expected population in 2050 is going to be over 9.5 billion, which is 1.5 billion more than that of in 2023. Moreover, the construction of pedestrian bridges to attract tourists is also a major driving factor for the market growth. However, the fluctuating cost of raw materials and expensive maintenance of pedestrian bridges hinder the growth of the market.
Furthermore, due to the COVID-19 the pedestrian bridge market witnessed a halt, which led to a small term decline in the market. However, as the number of COVID-19 cases has dropped to almost nil, the market is expected to fully recover by the end of 2023.
Moreover, the development and installation of 3D printed pedestrian bridges is expected to provide lucrative growth opportunities to the key players in the market.
The pedestrian bridge market is segmented on the basis of type, construction type, material, and region. By type, the pedestrian bridge market is classified into truss bridges, beam bridges, suspension bridges, and arch bridges. By construction type, the market is divided into new construction, and reconstruction & repair. By material, it is categorized into concrete, steel, and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the pedestrian bridge end-user, such as Arup Group, Backwoods Bridges, Contech Engineered Solutions LLC, Denton Corker Marshall, IJP Corporation Ltd, Landmark Products Pty Ltd, Mace Group, Nature Bridges, Skidmore, Owings & Merrill (SOM), and The Walsh Group.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging pedestrian bridge market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the pedestrian bridge market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global pedestrian bridge market forecast analysis from 2022 to 2031 is included in the report.
The key market players within the pedestrian bridge market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pedestrian bridge industry.
Key Market Segments
By Type
Truss bridges
Beam bridges
Suspension bridges
Arch bridges
By Construction Type
New Construction
Reconstruction and Repair
By Material
Concrete
Steel
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Backwoods Bridges LLC
Denton Corker Marshall
IJP Corporation Ltd
Arup Group
Skidmore, Owings & Merrill (SOM)
Mace Group
Landmark Products Pty Ltd
Nature Bridges
The Walsh Group
Contech Engineered Solutions LLC
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