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Transportation Infrastructure Construction Market Trends

Report ID: GMI7434
Published Date: Nov 2023
Report Format: PDF

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Transportation Infrastructure Construction Market Trends

Construction of green and sustainable infrastructure could be an emerging trend that will boost the demand for transportation infrastructure construction. The transportation infrastructure sector is increasingly incorporating environmentally friendly practices. This involves the use of sustainable materials, energy-efficient technologies, and the integration of green infrastructure elements such as eco-friendly urban planning and the development of transportation hubs with reduced environmental impact.

Quoting an instance, in February 2023, the National Health Service (NHS) initiated approximately USD 621.27 million transport infrastructure framework, outlining comprehensive strategies for sustainable transport and nationwide infrastructure investment. The framework includes various investment plans, encompassing over USD approximately 186.38 million for the development of electric vehicle charging infrastructure and approximately USD 223.66 million for the design, construction, and financing of car parks. These sustainable car parks will integrate innovative approaches, such as Modern Methods of Construction, utilizing materials and components with minimal or zero carbon output throughout the design and construction phases.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of transportation infrastructure construction was worth USD 3.4 trillion in 2022 and is expected to register over 4% CAGR from 2023 to 2032, due to the rising government support for robust transportation systems for economic development and competitiveness worldwide.

The roads, highways and bridges infrastructure type segment held more than 50% of the market share in 2022 owing to their increased recognition of in economic development and connectivity.

North America held 23% share of the transportation infrastructure construction industry in 2022 and is expected to register commendable CAGR from 2023 to 2032, due to the robust urbanization, population expansion, and the higher need for modernized transport systems in the region.

Colas group, Fluor Corporation, Beijing Urban Construction Group, AECOM, Shuffle Construction Company, China Communications Construction Company, and Jacobs Engineering Group Inc. are some of the major transportation infrastructure construction companies worldwide.