Pedestrian Bridge Market Analysis

Pedestrian Bridge Market Analysis

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.
 

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.        
 

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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.