The Business Research Company’s Pedestrian Bridge Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pedestrian Bridge Global Market Report 2023 evaluates pedestrian bridge market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global pedestrian bridge market is expected to grow from $84.55 billion in 2022 to $90.02 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The pedestrian bridge market is expected to reach $112.67 billion in 2027 at a CAGR of 5.8%.
Government investments in the development of public infrastructure, such as roads, are expected to propel the growth of the pedestrian bridge market going forward. Government investments refer to allocating financial resources by a government into various projects, sectors, or assets to achieve specific economic, social, or developmental objectives. Several government authorities are investing in developing public infrastructure such as roads. For instance, in May 2023, according to the Government of Western Australia, an Australia-based official website, the Australian government allocated $5.3 billion to improve and renew road infrastructure in the 2023-24 state budget. This budget includes the development of all regional road projects. Therefore, government investments in the development of public infrastructure, such as roads, drive the pedestrian bridge market.
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The pedestrian bridge market segments in the report are:
1) By Type: Truss Bridges, Beam Bridges, Suspension Bridges, Cable-Stayed Pedestrian Bridges, Arch Bridges
2) By Material: Concrete, Steel, Composite, Other Materials
3) By Construction Type: New Construction, Reconstruction And Repair
4) By End-User: Public, Private, Industrial, Transportation, Parks And Recreational Facilities
The table of contents in TBRC’s pedestrian bridge market report includes:
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