Overview and Scope
A pedestrian bridge is a constructed framework spanning a railway, river, or road, providing a secure passage for individuals or vehicles to cross between two distinct locations. It establishes a connection between separate areas and functions as a transitional space for people transitioning from one environment or activity to another, crucial in facilitating street life.
Sizing and Forecast
The pedestrian bridge market size has grown strongly in recent years. It will grow from $90.02 billion in 2023 to $95.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to urbanization, population growth, infrastructure development, tourism and recreation, safety concerns.
The pedestrian bridge market size is expected to see strong growth in the next few years. It will grow to $120.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to public transport integration, integration with smart city initiatives, rising awareness of health benefits, bike-friendly infrastructure, adaptive reuse of existing structures. Major trends in the forecast period include architectural innovation, focus on inclusive design, eco-friendly design trends, technological advancements in construction materials, integration with green spaces, digital twin technology.
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Segmentation & Regional Insights
The pedestrian bridge market covered in this report is segmented –
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
Asia-Pacific was the largest region in the pedestrian bridge market in 2023. The regions covered in the pedestrian bridge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the pedestrian bridge market report are Skanska AB, Kiewit Corporation, SNC-Lavalin Group Inc., Arup Group, Contech Engineered Solutions LLC, Mace Group Ltd, Walsh Group Inc., Southland Holdings Inc, Flatiron Construction Corporation, Cianbro Corporation, Kinsley Construction, Skidmore Owings & Merrill LLP, TrueNorth Steel Inc., Denton Corker Marshall LLP, McLean Contracting Company, IJP Corporation Ltd, Creative Pultrusions Inc., Bridge Brothers Inc., Conti Corporation, Lonestar Prestress Manufacturing Inc., Backwoods Bridges LLC, Nature Bridges, Big R Bridge, Modjeski and Masters Inc., Bridge Masters Inc., Landmark Products Pty Ltd.
The pedestrian bridge market report table of contents includes:
1. Executive Summary
2. Pedestrian Bridge Market Characteristics
3. Pedestrian Bridge Market Trends And Strategies
4. Pedestrian Bridge Market – Macro Economic Scenario
5. Global Pedestrian Bridge Market Size and Growth
…
32. Global Pedestrian Bridge Market Competitive Benchmarking
33. Global Pedestrian Bridge Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pedestrian Bridge Market
35. Pedestrian Bridge Market Future Outlook and Potential Analysis
36. Appendix
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