Highway, Street, And Bridge Construction Market is expected to grow at a CAGR of 5.9% through 2030F

The global Highway, Street, And Bridge Construction Market is expected to be led by North America, driven by Economic Development Goals and Environmental and Sustainability Considerations during the forecast period 2026-2030F

According to TechSci Research report, “Highway, Street, And Bridge Construction Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The Global Highway, Street, And Bridge Construction Market was valued at USD 2.6 trillion in 2024 and is expected to reach USD 3.7 trillion by 2030 with a CAGR of 5.9% through 2030, One significant driver is the increasing emphasis on regional trade and cross-border connectivity. As nations seek to strengthen economic ties, there is a growing demand for efficient transportation corridors that can support the seamless movement of goods and people. Large-scale initiatives such as transnational highway networks, economic corridors, and logistics hubs are boosting the construction of highways and bridges, especially in regions like Asia, Africa, and Eastern Europe.

Another critical factor is disaster resilience and climate adaptation. With the growing impact of climate change, governments are investing in infrastructure that can withstand floods, earthquakes, and other natural disasters. This trend is encouraging the redesign and reconstruction of bridges and roads with more durable materials and elevated structures, thus expanding the market’s scope.

Additionally, increasing rural development efforts are driving road construction in remote and previously underserved regions. These projects aim to improve access to education, healthcare, and markets, enhancing economic inclusion and social mobility. Lastly, the rise of electric vehicles (EVs) and autonomous transportation is prompting upgrades to road infrastructure, such as EV charging lanes and smart signaling systems, opening new avenues for construction activity across global markets.

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Based on Type, Street Construction segment dominated the Highway, Street, And Bridge Construction Market in 2024 and maintain its leadership throughout the forecast period, This dominance is largely driven by the increasing need for urban infrastructure development, particularly in rapidly expanding cities across both developed and emerging economies. As urban populations continue to grow, municipal and national governments are prioritizing the development and expansion of local street networks to support residential, commercial, and industrial growth. Streets serve as the foundational component of any urban transportation system, providing critical connectivity between neighborhoods, business hubs, educational institutions, healthcare centers, and public services. Consequently, investments in street construction have surged, driven by the dual objectives of improving accessibility and supporting economic activity at the local level.

Moreover, street construction projects tend to be more frequent and smaller in scale compared to large-scale highway or bridge projects, allowing for quicker implementation and visible community benefits. Many governments allocate dedicated budgets annually for local street upgrades, maintenance, and expansion. These projects are often tied to urban renewal efforts, aimed at enhancing quality of life, reducing traffic congestion, and supporting multi-modal transport options such as cycling, walking, and public transportation. This growing emphasis on inclusive and sustainable urban mobility has significantly boosted demand for street construction, especially as cities adopt smart infrastructure technologies and climate-resilient materials to future-proof their road networks.

Additionally, the rise of smart cities has contributed to the dominance of the street construction segment. Smart street infrastructure equipped with sensors, adaptive lighting, traffic management systems, and EV charging points is gaining traction. These enhancements require not only the integration of digital technology but also substantial physical upgrades to street networks. Consequently, both private and public stakeholders are investing in modernizing street infrastructure to align with future mobility needs, carbon reduction targets, and digital governance models.

Another key factor driving the street construction segment is the growing adoption of public-private partnership (PPP) models and community-based infrastructure development. Such models often focus on local road and street projects where returns are directly tied to local economic productivity and real estate value enhancement. These partnerships accelerate project timelines and bring in technical expertise and innovation from the private sector.

Based on region, Asia Pacific is emerging as the fastest-growing region for the Highway, Street, And Bridge Construction Market, driven by accelerated urbanization, rising infrastructure investments, and large-scale government initiatives focused on connectivity and economic development. Countries such as China, India, Indonesia, Vietnam, and the Philippines are undergoing significant transformations, with growing populations, expanding cities, and a surge in the need for robust transportation networks. Governments across the region are prioritizing infrastructure development as a means to boost economic activity, enhance regional trade, and improve mobility within densely populated urban centers and rural hinterlands alike.

One of the primary drivers for this growth is the substantial infrastructure funding being allocated by governments in the region. For example, China’s Belt and Road Initiative (BRI) has not only spurred domestic road and bridge construction but has also encouraged cross-border infrastructure development throughout Southeast Asia and Central Asia. India, too, is investing heavily in national highway projects under programs like Bharatmala and Smart Cities Mission, which aim to modernize existing road networks and build new expressways to support growing transportation demands. These government-backed initiatives are accompanied by policy reforms that ease land acquisition and promote public-private partnerships (PPPs), making infrastructure development more viable and attractive to investors.

The urban expansion in Asia Pacific is another factor propelling growth in this market. Rapid migration from rural to urban areas is placing immense pressure on city infrastructure, leading to the construction of new roads, streets, flyovers, and pedestrian bridges to reduce traffic congestion and improve accessibility. Many cities are also focusing on the development of multimodal transport systems where road infrastructure plays a central role in supporting buses, light rail, and non-motorized transport. In parallel, governments are integrating sustainability and technology into their road projects, utilizing smart materials, intelligent traffic systems, and eco-friendly construction techniques to future-proof transportation networks.

Furthermore, the region’s booming construction industry, backed by lower labor costs and increasing foreign direct investment, is enabling faster execution of projects at competitive costs. Countries like Indonesia and Vietnam are attracting multinational firms to participate in large infrastructure tenders, further strengthening the market. Additionally, rising income levels and improved vehicle ownership rates in Asia Pacific are increasing the demand for wider and safer roads. In conclusion, Asia Pacific’s dominance in the highway, street, and bridge construction market is being fueled by strong economic momentum, strategic government policies, urban development demands, and rising regional connectivity goals. This growth trajectory is expected to continue, positioning the region as a global leader in infrastructure expansion and innovation.

Key market players in the Highway, Street, And Bridge Construction Market are: -

• China Communications Construction Group Ltd.
• Grupo ACS/Hochtief
• China Railway Construction Corp. Ltd.
• Skanska AB
• We-Build SPA
• China Railway Group Ltd.
• Power Construction Corp. of China
• China State Construction Engineering Corp. Ltd.

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“The global Highway, Street, and Bridge Construction Market presents significant opportunities, largely driven by the increasing demand for improved infrastructure across both developed and emerging economies. As urban populations grow and vehicle usage rises, the need for efficient and reliable transportation networks has become more critical than ever. Emerging markets in Asia Pacific, Africa, and Latin America are witnessing rapid urbanization and industrialization, prompting governments to invest heavily in new highway, street, and bridge projects to support economic growth and improve regional connectivity. Simultaneously, developed nations are focusing on upgrading aging infrastructure to ensure safety, accommodate higher traffic volumes, and integrate smart technologies. The push for sustainability is also opening doors for innovation in construction materials and techniques, such as the use of recycled asphalt, modular bridges, and carbon-neutral construction practices”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Highway, Street, And Bridge Construction Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Highway Construction, Street Construction, Bridge Construction), By Construction Type (New Construction, Reconstruction, Repair), By Region, By Competition, 2020-2030F” has evaluated the future growth potential of Highway, Street, And Bridge Construction Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Highway, Street, And Bridge Construction Market.

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