Global Transportation Infrastructure Market Size study & Forecast, by Type (Railway, Airport, Roads and Bridges, Ports), by Application (Urban, Rural), by Construction Type (New Construction, Renovation) and Regional Analysis, 2022-2029
Global Transportation Infrastructure Market is valued at approximately USD 1,770 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2022-2029. Transportation Infrastructure is a type of physical facility and network that is required for the transportation of people and products. These networks and infrastructures often include ports, airports, urban mass transit systems, railroads, and highways and bridges. The rising number of infrastructure projects, rapid globalization, and increasing cargo transportation activities are the primary factors that are attributing to global market growth.
The rising focus of various government bodies in order to build highways is further supporting the market growth in the global market. For instance, in July 2021 the Ministry of Road Transport and Highways approved a 162-kilometer road project costing USD 350 million. This roadway is a part of the Bharatmala Prayojna's economic corridor. It intends to connect Telangana and Andhra Pradesh via a strong road infrastructure network. Likewise, in March 2022, the Salerno-Reggio Calabria highway, a roughly 400-kilometer stretch of road connecting Salerno and Reggio Calabria is likely to be constructed to become the first smart motorway in Europe. Thus, these aforementioned factors are fueling the market demand at a considerable growth rate. Moreover, the rising introduction of technologically advanced products, as well as the rapidly aging transport infrastructure are presenting various lucrative opportunities over the forecasting years. However, the capital-intensive projects and lack of infrastructural support in developing countries are hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Transportation Infrastructure Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of government initiatives, along with the rising emphasis on building advanced and sustainable infrastructure across the region. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as escalating population, increasing globalization, and rising need for the road, railway, and air transport in the market space.
Major market players included in this report are:
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
Recent Developments in the Market:
In March 2022 the Railway SBU of L&T Construction's Transportation Infrastructure IC received a contract for the Engineering, Procurement, and Construction (EPC) of 25 kV overhead electrification, signaling, and telecommunication, as well as related works, for 547 RKM/678 TKM railway lines of Northeast Frontier Railway. The order was issued by IRCON International LTD. The project is a component of the national government's Mission Electrification plan, which aims to electrify the Indian railway system in order to lessen the country's carbon footprint and cut down on diesel costs.
Global Transportation Infrastructure Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Construction Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Companies Mentioned
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
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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