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Global Market For Highway, Street and Bridge Construction Expected To Grow At A CAGR Of 8.4% To Nearly $2,191.5 Billion By 2022
by shri · January 8, 2019
Researchmoz added Most up-to-date research on “Global Market For Highway, Street and Bridge Construction Expected To Grow At A CAGR Of 8.4% To Nearly $2,191.5 Billion By 2022” to its huge collection of research reports.
The聽global highway vans sk8 hi reissue scontate , street and bridge construction market聽is registering strong growth due to increasing investments, government initiatives, and economic growth in developing and developed economies. At the same time, emerging market growth, low interest rate environment, rapid urbanization vans sk8 hi pro scontate , rising population, improving technology, and growth in construction industry and is driving the demand for highway, street and bridge construction.
The market for highway, street and bridge construction reached a value of nearly $1,464.6 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% to nearly $2 vans sk8 hi slim scontate ,191.5 billion by 2022.
The market for highway, street and bridge construction is fairly concentrated with a few large players dominating the market. Major players in the market are China Railway Group Ltd, China Railway Construction Corporation Limited, Groupo ACS, VINCI and others.
Roads and highways accounted for the largest share of the market for highway, street and bridge construction in 2017 at REDACTED. The highest growth is also projected to come from Bridges vans sk8 hi slim nere , which isforecasted to grow at a CAGR of REDACTED. Major factors included economic growth, increasing investmentsand high demand for enhanced connectivity from nations across the world.
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Asia Pacific is the largest market for highway, street and bridge, accounting for REDACTED of the global h America, and Middle East followed it. Going forward, Eastern Europe is expected to witness thefastest growth in the highway vans sk8 hi pelle scontate , street and bridge market, estimated to grow at a CAGR of REDACTED, followedby Africa, which is expected to grow at a CAGR of REDACTED.
China is the largest market in terms of value and in the highway, street and bridge construction ia and India are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED vans sk8 hi bianche pelle ,respectively.
The market is challenged by restraints such as decline in stringent regulations, uncertain market conditions, decrease in productivity and shortage of workforce.