Press Release: Global Pedestrian Bridge Market Set to Experience Significant Growth by 2030
Market Overview: The pedestrian bridge market, valued at USD xx billion in 2023, is anticipated to witness robust growth, projected to reach USD xx billion by 2030. With a CAGR of xx%, the market is being driven by factors such as urbanization, increasing demand for transportation infrastructure, and government initiatives to improve urban mobility.
As cities around the world prioritize pedestrian safety and efficient transportation, the need for pedestrian bridges continues to rise. Pedestrian bridges play a crucial role in reducing traffic congestion, enhancing public safety, and promoting sustainable mobility in urban areas.
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Key Market Drivers:
- Urbanization and Population Growth: The rapid urbanization seen in many parts of the world, especially in Asia-Pacific and North America, is one of the primary factors driving the demand for pedestrian bridges. Cities are growing in size and population, creating a need for advanced infrastructure to manage traffic and ensure pedestrian safety.
- Government Investments in Infrastructure: Governments globally, from Vietnam and Thailand to the United States and Europe, are investing heavily in infrastructure projects. This includes the construction of pedestrian bridges to connect busy districts, reduce accidents, and facilitate smooth transportation.
- Technological Advancements: The advent of new materials and construction techniques is improving the design and durability of pedestrian bridges. Companies are utilizing advanced technology to enhance pedestrian experience while reducing construction costs.
Regional Developments:
Vietnam, Thailand, and Singapore: In Southeast Asia, countries like Vietnam, Thailand, and Singapore are seeing rapid urbanization, especially in their metropolitan regions. The increasing number of pedestrians, especially in dense urban environments, has led to greater demand for pedestrian bridges.
- Vietnam: The Vietnamese government has launched several initiatives to build pedestrian-friendly infrastructure in major cities like Hanoi and Ho Chi Minh City. This includes the construction of over 100 pedestrian bridges by 2025 to combat growing traffic and provide safer access for walkers.
- Thailand: In Thailand, Bangkok’s expanding urban development and increasing population have prompted new pedestrian bridge projects across the city. The demand is also driven by efforts to promote sustainable urban mobility solutions.
- Singapore: Singapore, known for its forward-thinking urban planning, continues to expand its pedestrian bridge infrastructure. The government’s “Walkable Singapore” initiative promotes a pedestrian-friendly environment, with bridges being key components of the project.
Japan and South Korea: Countries like Japan and South Korea are leading in innovative bridge design, combining modern engineering with eco-friendly solutions.
- Japan: Japan’s pedestrian bridge market is undergoing significant transformation, with a growing emphasis on earthquake-resistant structures and aesthetically pleasing designs. The government’s focus on disaster-resilient infrastructure has led to advancements in pedestrian bridge technologies.
- South Korea: South Korea’s smart cities and advanced urban mobility systems require efficient pedestrian bridge solutions. The government has been investing in projects that connect public transport stations with business and residential areas via pedestrian bridges.
Europe and the United States: In Europe and North America, pedestrian bridge infrastructure is heavily supported by urbanization and government funding, focusing on sustainable and smart transportation systems.
- United States: The U.S. is investing in pedestrian bridges to connect public transport systems and reduce vehicle emissions. Cities like New York, Los Angeles, and Chicago have been proactive in integrating pedestrian bridges with urban development plans.
- Europe: European countries like Germany, France, and the UK are increasingly focusing on pedestrian safety and efficient urban mobility. In particular, eco-friendly designs and the use of lightweight materials are becoming common in new bridge projects.
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Mergers & Acquisitions:
Several key mergers and acquisitions have been shaping the pedestrian bridge market:
- Vietnam: In Vietnam, local companies are partnering with international firms to enhance bridge infrastructure. A recent acquisition by Vietnam Bridge and Road Construction Corporation (BRCC) of a leading bridge design firm from Japan is set to bring cutting-edge design innovations to the region.
- Thailand: Thai-based construction giant Ch. Karnchang Public Company has announced a merger with an Australian firm specializing in sustainable infrastructure, which will enable them to deliver next-gen pedestrian bridges for Thailand’s urban development projects.
- Singapore: Singapore’s Straits Construction Group has acquired a leading technology firm specializing in automated bridge building solutions, positioning the company as a frontrunner in the fast-evolving pedestrian bridge sector.
- South Korea: A significant merger in South Korea’s pedestrian bridge market has been between Hyundai Engineering & Construction Co. and Sambo Engineering. The deal aims to streamline the development of pedestrian bridges, incorporating advanced AI and construction robotics for faster and more cost-efficient projects.
- United States: The U.S. has witnessed major consolidation in the pedestrian bridge market, with companies like AECOM and Bechtel Corporation acquiring several regional players. This will boost their operational capacity and technological capabilities in building pedestrian infrastructure across the country.
- Europe: In Europe, leading infrastructure firms like Vinci and Bouygues Construction are merging to strengthen their capabilities in pedestrian bridge construction. They are collaborating to implement eco-friendly designs and integrate smart features like solar panels and lighting.
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Pedestrian Bridge Market Scope:
by Type
Foot Bridge
Trail Bridge
Parks & Recreation Bridge
Elevated Walkways
Landscape Bridge
Boardwalks
Footbridges, Trail Bridges, Parks & Recreation Bridges, Elevated Walkways, Landscape Bridges, and Boardwalks are the several types of pedestrian bridges that make up the market. In 2023, the biggest market share for pedestrian bridges was accounted for by elevated walkways. is anticipated to rule the market for the duration of the projection. Because of their numerous advantages, elevated pathways are quite popular. Because persons walking on elevated pathways spend less time interacting with automobiles, there is a decreased risk of accidents. Additionally, they make use of vertical space to maximize space usage, which makes it possible to create pedestrian-friendly paths above ground level.
by Material
Concrete
Steel
Others
The market for pedestrian bridges is divided into three categories based on material: steel, concrete, and others. Steel has the most market share for pedestrian bridges throughout the projection period among these materials. Because steel has a high strength-to-weight ratio, it may be used to build bridges that are both lightweight and structurally sound. It ensures the lifespan of the bridge structure by offering exceptional durability and corrosion resistance. Additionally, steel bridges provide architectural versatility, enabling the creation of creative and beautiful structures.
by Construction Type
New Construction
Reconstruction and Repair
The pedestrian bridge market is divided into two segments based on the kind of construction: new construction and reconstruction. In 2023, the new construction segment represented the greatest share of the pedestrian bridge market. is anticipated to rule the market for the duration of the projection. New pedestrian bridges are becoming more and more necessary to handle the growing volume of foot traffic as urbanization and infrastructure development continue to rise. Bridges that are especially built to satisfy the demands of pedestrians both now and in the future are made possible by new construction. Additionally, new construction provides the chance to integrate the newest materials, technology, and design trends, creating bridge constructions that are efficient and contemporary.
by Applications
Urban Pedestrian Bridges
Park and Recreational Pedestrian Bridges
University Campus Pedestrian Bridges
Industrial Pedestrian Bridges
Pedestrian Bridges for Tourist Attractions
Urban pedestrian bridges, park and recreational pedestrian bridges, university campus pedestrian bridges, and industrial pedestrian bridges are the several categories into which the pedestrian bridge market is divided based on application. In 2023, the biggest pedestrian bridge market share was held by urban pedestrian bridges among these categories. is anticipated to rule the market in terms of applications during the projected period. This dominance may be ascribed to a number of causes, including the dense population and frequent traffic in metropolitan areas, which makes pedestrian bridges a crucial piece of infrastructure for safe and effective pedestrian mobility. By giving pedestrians designated routes to traverse congested urban settings, urban pedestrian bridges aid in reducing traffic at street-level crossings.
Key Players in the Pedestrian Bridge Market:
- Vinci Construction (France)
- Bechtel Corporation (USA)
- Hyundai Engineering & Construction (South Korea)
- Sambo Engineering (South Korea)
- AECOM (USA)
- Ch. Karnchang Public Company (Thailand)
- Straits Construction Group (Singapore)
- Larsen & Toubro Limited (India)
- Balfour Beatty (UK)
- Bouygues Construction (France)
These players are focused on enhancing their product portfolios and expanding their global footprint through strategic acquisitions and partnerships. Additionally, they are investing in technology to ensure the development of sustainable, smart, and safe pedestrian bridges.
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Discover the Game-Changers:
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- PESTLE Analysis and PORTER’s Five Forces Analysis
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Key Findings and Analyst Recommendations
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