The global market for Highway, Street, and Bridge Construction was estimated at US$2.3 Trillion in 2024 and is projected to reach US$3.1 Trillion by 2030, growing at a CAGR of 5.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Highway, Street, and Bridge Construction market.
Segments: Type (Highway Type, Street Type, Bridge Type); Construction Type (New Construction Type, Reconstruction Type, Repair Construction Type)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Highway, Street, and Bridge Construction Market - Key Trends & Drivers Summarized
Why Is Highway, Street, and Bridge Construction Gaining Momentum? The Demand for Modernized Infrastructure
The construction of highways, streets, and bridges is crucial for economic development, urban expansion, and improved transportation connectivity. With increasing traffic volumes, aging infrastructure, and the need for efficient road networks, governments and private sector players are accelerating investments in large-scale construction projects. The push for smart cities, coupled with technological advancements in construction materials and methods, is reshaping the industry.How Are Digitalization & Automation Transforming Construction Processes?
The adoption of Building Information Modeling (BIM), AI-driven project management, and automated construction equipment is streamlining construction workflows and enhancing efficiency. Prefabrication and modular bridge construction techniques are reducing project timelines while improving structural integrity. Additionally, drone-based surveying, 3D printing, and robotic bridge inspection tools are enabling faster and more cost-effective infrastructure development.What Role Do Sustainability & Climate Resilience Play in Market Growth?
Governments are prioritizing green infrastructure initiatives, incorporating recycled materials, energy-efficient lighting, and low-carbon concrete in highway and bridge projects. Climate resilience is also a major focus, with new construction techniques being developed to withstand extreme weather events, rising sea levels, and seismic activities.What’s Driving the Growth of the Highway, Street, and Bridge Construction Market?
The growth in the highway, street, and bridge construction market is fueled by increasing government infrastructure spending, public-private partnerships, and rising urbanization. Major economies, including the U.S., China, and India, are implementing ambitious infrastructure programs to enhance road connectivity, reduce congestion, and support economic growth. Smart road technologies, such as embedded sensors for traffic monitoring and automated toll collection, are becoming integral to modern highway projects. Additionally, the shift toward electric and autonomous vehicles is driving demand for adaptive road infrastructure, including smart intersections, dynamic lane systems, and connected bridges with integrated vehicle-to-infrastructure (V2I) communication. The rapid expansion of e-commerce and logistics networks is also creating pressure to build high-capacity roadways and bridges that can support increased freight transportation. With global efforts to transition to net-zero carbon emissions, sustainable construction practices, including green pavements, solar-powered roadways, and carbon-neutral bridges, are gaining traction. The combination of technological advancements, environmental policies, and growing mobility needs is expected to drive sustained growth in the highway, street, and bridge construction market, making it a key pillar of future urban and intercity development.Report Scope
The report analyzes the Highway, Street, and Bridge Construction market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Type (Highway Type, Street Type, Bridge Type); Construction Type (New Construction Type, Reconstruction Type, Repair Construction Type)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Highway Type segment, which is expected to reach US$1.8 Trillion by 2030 with a CAGR of a 5.8%. The Street Type segment is also set to grow at 4.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $627.2 Billion in 2024, and China, forecasted to grow at an impressive 9.2% CAGR to reach $656.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Highway, Street, and Bridge Construction Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Highway, Street, and Bridge Construction Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Highway, Street, and Bridge Construction Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Balfour Beatty plc, China Communications Construction Group Ltd., China Railway Construction Corp. Ltd., China Railway Group Ltd., China State Construction Engineering Corp. Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 36 Featured):
- Balfour Beatty plc
- China Communications Construction Group Ltd.
- China Railway Construction Corp. Ltd.
- China Railway Group Ltd.
- China State Construction Engineering Corp. Ltd.
- Dilip Buildcon Ltd.
- DL E&C Co. Ltd.
- Ferrovial S.E.
- Grupo ACS/Hochtief
- Hyundai Engineering & Construction Co. Ltd.
- Kokosing Construction Company
- OHLA
- Onur Taahhut Tasimacilik Insaat Tic. Ve Sanayi AS
- PNC Infratech Limited
- Power Construction Corp. of China
- Shandong Hi-Speed Group Corporation
- Skanska AB
- Stanley Road Construction
- T.Y. Lin International
- WeBuild S.p.A.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Balfour Beatty plc
- China Communications Construction Group Ltd.
- China Railway Construction Corp. Ltd.
- China Railway Group Ltd.
- China State Construction Engineering Corp. Ltd.
- Dilip Buildcon Ltd.
- DL E&C Co. Ltd.
- Ferrovial S.E.
- Grupo ACS/Hochtief
- Hyundai Engineering & Construction Co. Ltd.
- Kokosing Construction Company
- OHLA
- Onur Taahhut Tasimacilik Insaat Tic. Ve Sanayi AS
- PNC Infratech Limited
- Power Construction Corp. of China
- Shandong Hi-Speed Group Corporation
- Skanska AB
- Stanley Road Construction
- T.Y. Lin International
- WeBuild S.p.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.3 Trillion |
| Forecasted Market Value ( USD | $ 3.1 Trillion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
