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Pedestrian Bridge Market Size - By Type (Truss Bridges, Beam Bridges, Suspension Bridges, Cable-stayed Pedestrian Bridges, Arch Bridges), By Construction Type (New Construction, Reconstruction & Repair), Material, End Use, Forecast, 2023 - 2032

  • Report ID: GMI5783
  • Published Date: May 2023
  • Report Format: PDF

Pedestrian Bridge Market Size

Pedestrian Bridge Market size was valued at USD 90 billion in 2022 and is anticipated to grow at a CAGR of 5% between 2023 and 2032. The market has witnessed significant growth due to increased investments in the development of public infrastructure such as roads. Government agencies are constructing pedestrian bridges to allow people to cross-roads safely. The growing urban population and the increasing number of roads will positively influence the market growth. The development of 3D-printed pedestrian bridges is expected to provide growth opportunities and improve the market outlook. Various companies are repurposing old infrastructure, such as windmill blades, to build pedestrian bridges.
 

Pedestrian Bridge Market

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A pedestrian bridge is a structure designed to allow people to walk safely from one location to another without any interference from vehicles. People enjoy walking as it enables them to see places & activities, experience the vibrancy of life, and discover the values & attractions hidden in the urban areas. These bridges also offer easy mobility and safety from crimes. The degree of attractiveness that artificial environments such as pedestrian bridges provide people to reside, live, shop, socialize, and enjoy in the areas is referred to as pedestrian-oriented capability.
 

Pedestrian bridges can be costly, particularly for large-scale projects such as construction near industrial facilities, airports, and commercial areas. Truss bridges, beam bridges, suspension bridges, cable-stayed pedestrian bridges, and arch bridges can be expensive depending on the material, design, and installation requirements. Considering the cost of maintenance & repair as well, pedestrian bridges require significant investments from businesses & organizations. Also, businesses & organizations may hesitate to spend on these systems due to financial constraints, thereby impeding the pedestrian bridge market demand.
 

COVID-19 Impact

There was a high demand for pedestrian bridges from developed countries including the U.S., Germany, Italy, and the UK and developing countries such as India and China; however, the COVID-19 pandemic and lockdowns imposed by governments worldwide negatively impacted the market. The global construction industry was shut down, reducing the demand for pedestrian bridge construction, thereby hampering the market size.
 

Pedestrian Bridge Market Trends

The pedestrian bridge industry will boom with increasing population and urbanization. The global population has grown significantly over the last few decades and is expected to grow rapidly in the coming decades. Countries in Asia and Africa, particularly India and China, are expected to contribute significantly to the rising urbanization over the next 30 years. Public entities construct pedestrian bridges for residents to safely cross urban areas while staying away from traffic. Rapid population growth and the rising GDP are contributing to the increasing number of roads, positively influencing the market outlook. Pedestrian bridges play a critical role in public infrastructure as they allow pedestrians to easily cross-roads without accidents. The growing number of roads worldwide, particularly in developing countries, is a major factor driving the market revenue.
 

Pedestrian Bridge Market Analysis

Pedestrian Bridge Market Revenue, By Construction Type, 2020  – 2032, (USD Billion)

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The pedestrian bridge market from new construction segment will register 3% CAGR through 2032, attributed to the increasing construction of new pedestrian bridges on new streets & roads, particularly in developing countries. New construction includes a new project involving the development of a pedestrian bridge from the scratch.
 

The beam bridges segment held over 30% of pedestrian bridge market share in 2022. It includes all bridges with a deck installed atop structural beam elements, such as I-Beam and Box-Girders, that are supported by an abutment or pier at both bridge ends. These bridges are commonly found across cities due to their simple design, simple construction, and ease of maintenance. Beam bridges are primarily made of steel, concrete, and wood. Backwoods Bridges is a well-known timber-beam bridge company based in the U.S.
 

Global Pedestrian Bridge Market Share, By Material, 2022

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The pedestrian bridge market from steel material segment dominated around USD 30 billion in 2022. Steel offers increasing ease of workability, recyclability, and lightweight. It is easier to mold into different shapes, lighter in weight, and allows construction at a faster rate than concrete. The rising urbanization & urban infrastructure and increasing number of roads are augmenting segment growth.        
 

Asia Pacific Pedestrian Bridge Market Revenue, 2020 -2032, (USD Billion)

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Asia Pacific pedestrian bridge market is poised to expand at 5% CAGR during the forecast period. The region's high population growth rate and increased urbanization fuel the need for transportation infrastructure such as roads, bridges, and pedestrian infrastructure including pedestrian bridges. The Asia Pacific market will witness public-private partnerships for public infrastructure development including pedestrian bridges, making it relatively easier for governments in the region to invest in them, thereby boosting market value.
 

Pedestrian Bridge Market Share

Some major players operating in the pedestrian bridge market are

  • ECOM
  • Arup Group
  • Contech Engineered Backwoods Bridges LLC
  • Denton Corker Marshall
  • Flatiron Construction Corp.
  • Kiewit Corporation
  • Landmark Products Pty Ltd.
  • Mace Group
  • Mott MacDonald
  • Nature Bridges
  • Skanska AB
  • SNC-Lavalin Group Inc.

These companies focus on strategic partnerships and new product launches & commercialization for market expansion. They also heavily invest in research & development, launching innovative products and garnering the maximum revenue in the market.
 

Pedestrian Bridge Industry News:

  • In January 2023, the city of Bhopal, Madhya Pradesh, India, opened its most expensive pedestrian bridge, costing USD 13 million, in the city's Aishbagh area. The bridge connects the main road to the Aishbagh Hockey Stadium Colony, which was cut off for nearly four years as the railway crossing was closed to pedestrians.
     
  • In June 2022, The Florida Department of Transportation (FDOT) released designs for a new pedestrian bridge four years after the previous one collapsed during construction, killing six people including an FIU student. FDOT oversees bridge design & construction, with the FIU and the City of Sweetwater listed as local partners. After completion, the FIU will own, manage, and operate the bridge. The FIU, the City of Sweetwater, and some federal & state funds will provide financing for the project. The project currently has a budget worth USD 15.5 million.
     

The pedestrian bridge market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments:

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Market, By Type

  • Truss bridges
  • Beam bridges
  • Suspension bridges
  • Cable-stayed pedestrian bridges
  • Arch bridges

Market, By Construction Type

  • New construction
  • Reconstruction & repair

Market, By Material

  • Concrete
  • Steel
  • Composite
  • Others

Market, By End-Use

  • Public
  • Private
  • Industrial
  • Transportation
  • Parks & recreational facilities

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Russia
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Qatar
    • Saudi Arabia
    • Israel
    • UAE
    • South Africa
       
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Pedestrian bridge market size was over USD 90 billion in 2022 and will observe over 5% CAGR between 2023 and 2032, says this GMI report.
Pedestrian bridge market share from the new construction segment will record over 3% CAGR from 2023 to 2032 owing to new projects involving the development of a pedestrian bridge from scratch.
Asia Pacific held a major share in the global pedestrian bridge market and will observe more than 5% CAGR between 2023 to 2032 owing to the high population growth rate and increased urbanization.
ECOM, Arup Group, Contech Engineered Backwoods Bridges LLC, Denton Corker Marshall, Flatiron Construction Corp., Kiewit Corporation, Landmark Products Pty Ltd., Mace Group, Mott MacDonald, Nature Bridges, Skanska AB, and SNC-Lavalin Group Inc.

Pedestrian Bridge Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 340
  • Countries covered: 21
  • Pages: 281
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