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A53543 | Pages: 303 | Charts: 49 | Tables: 117 |
The Global Pedestrian Bridge Market Size was valued at $90.3 billion in 2021, and is projected to reach $142.3 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Pedestrian bridge is a type of bridge constructed for people who are walking on foot and riding cycles, to cross rivers, roads, valleys, and other such places. Depending on the requirements, a pedestrian bridge can be of many types such as truss bridge, suspension bridges, arch bridge and others.
With the rise in global population and urbanization, the pedestrian bridge industry is witnessing a surge. In the past few decades, the global population has increased significantly and is expected to grow rapidly in the coming decades. According to the United Nations projections, at the end of 2022, the global population reached 8 billion, and is expected to increase to 8.5 billion by 2030, and in just 20 years after that it is expected to become 9.7 billion in 2050. Asia and Africa, especially the countries such as India, and China, are anticipated to contribute majorly to the rising urbanization in the next 30 years. To move safely across the urban areas away from the traffic, public entities build pedestrian bridges for residents.
For instance, in June 2020, the New York City authorities proposed a plan to build a 20 ft wide bridge between Queens and Manhattan, only for pedestrians and cyclists. In addition to this, the modern architecture various building complexes are constructed with a pedestrian bridge between buildings to allow residents quickly move to other building. For instance, a building complex with two buildings, named ‘Maestria Condominiums’ in Montreal, Canada, is planned to have a 110 ft pedestrian walkway between the 26th floors of the two buildings.
Furthermore, rapid population growth along with the rising GDP of nations is playing an important role in increasing the number of roads which is positively affecting the pedestrian bridge market outlook. For instance, according to Invest India, central government-funded Investment Promotion Agency, between 2020 and 2021, the average rate of national highways construction in all over India was 37 km per day. Similarly in other developing nations such as China, Vietnam, South Korea, and others the number of roads are increasing. Pedestrian bridges are one of the important public infrastructures as they allow people on foot to easily cross roads.
Thus, increase in number of roads across the world, especially in the developing nations is a major driving factor for the pedestrian bridge market growth. In addition to this, pedestrian bridges are also being constructed at various tourist destinations such as mountains, rivers, jungles, and others. For instance, in August 2022, a very attractive Atal pedestrian bridge was inaugurated on the riverfront of Sabarmati River in Ahmedabad, Gujarat, India. This is expected to bring more tourists to the destination than before. Similarly, in April 2021, world’s longest pedestrian suspension bridge was opened in Portugal. It is 516 meters long and is in the town of Arouca.
The bridge crosses a valley and connects Aguieiras Waterfall and Paiva Gorge. Typically, the most desirable pedestrian bridges for tourist destinations are suspension pedestrian bridges, and glass deck pedestrian bridges. Furthermore, pedestrian bridges play an instrumental role in the development of rural areas that are disconnected due to some water bodies, valleys, and others.
However, factors such as fluctuating cost of raw materials required to construct pedestrian bridges and their frequent maintenance, which requires large sums of money, are anticipated to restrain the pedestrian bridge market growth.
Moreover, technology developments in the pedestrian bridge industry are expected to provide lucrative opportunities for players that operate in the pedestrian bridge market. Various companies involved in constructing pedestrian bridges have been developing 3D printed pedestrian bridges made from steel and concrete. For instance, a large-scale additive manufacturing firm XtreeE, specializing in 3D printing of concrete structures has been awarded a contract for building a 3D printed concrete pedestrian bridge for the 2024 Olympic Games in Paris.
The company claims it to be the world’s first integration of 3D structural concrete printing and Industry 4.0 to form a new “infrastructure typology”. In addition, few companies are also involved in repurposing old materials into small and non-critical pedestrian bridges. For example, in February 2022, Rewind, a company involved in constructing pedestrian bridges, constructed a new pedestrian bridge made with recycled wind turbine blades in County Cork, Ireland.
The demand for pedestrian bridge decreased in the year 2020, owing to low demand from different industries due to lockdowns imposed by the government of many countries. The COVID-19 pandemic shut-down the construction industry all across the world, leading to a halt in demand for pedestrian bridge construction. This has hampered the growth of the pedestrian bridge market significantly during the pandemic. The major demand for pedestrian bridges was previously noticed from major countries including the U.S., Germany, Italy, the UK, and developing countries having large population such as India, and China.
These countries were badly affected by the spread of coronavirus, thereby halting demand for equipment and machinery. However, owing to the introduction of various vaccines, the severity of the COVID-19 pandemic has significantly reduced. This has led to the full-fledged reopening of businesses involved in pedestrian bridge market, and also led to increased activities in the construction sector.
Furthermore, it has been more than two and a half years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery. Contrarily, as of the beginning of 2023, the number of COVID-19 infection cases is surging again, especially in China, this has brought negative sentiments in the market, which may have a negative impact on the pedestrian bridge market for a short duration. Thus, businesses involved in pedestrian bridge designing and manufacturing must focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
The pedestrian bridge market is segmented on the basis of type, construction type, material, and region. By type the pedestrian bridge market is bifurcated into truss bridges, beam bridges, suspension bridges, and arch bridges. By construction type the market is divided into new construction, and reconstruction and repair. By material it is categorized into concrete, steel, and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
[TYPEGRAPH]
The pedestrian bridge market is divided into truss bridges, beam bridges, suspension bridges, and arch bridges. In 2021, the beam bridges segment dominated the pedestrian bridge market, in terms of revenue, and is expected to maintain this trend during the forecast period. The beam bridges segment includes all the bridges having a deck installed atop structural beam elements such as I-Beam, Box-Girders, and others supported by an abutment or pier at each end of the bridge. These bridges are commonly found across the cities, owing to their easy design, simple construction, and relatively easy to maintain. Moreover, beam bridges are constructed largely using steel, concrete, and timber. Backwoods Bridges is a well-known company based in the U.S. that offers timber beam bridges. Furthermore, other bridge types such as truss bridges, suspension bridges, and arch bridges are also being constructed for decades.
[CONSTRUCTIONTYPEGRAPH]
The pedestrian bridge market is classified into divided into new construction, and reconstruction and repair. The new construction segment accounted for a higher market share in 2021. The new construction includes new project that includes the construction of a pedestrian bridge completely from scratch. The higher market share of this segment is attributed to construction of new pedestrian bridges on new streets and roads, especially in developing countries. Moreover, the reconstruction and repair segment which includes repair and reconstruction of the pedestrian bridge over the foundation already laid for the previous one, is expected to grow with a higher CAGR during the forecast period.
[MATERIALGRAPH]
The pedestrian bridge market is categorized into concrete, steel, and others. Among these, the steel segment accounted for a larger pedestrian bridge market share in 2021, owing to increasing easy workability of steel, its recyclability, and its lightweight. However, concrete contributed the second-highest revenue of the total revenue generated in 2021. The bridges constructed using concrete are highly strong, do not corrode, and require minimal maintenance. These are also the reasons for the growth of this segment. Furthermore, the others segment is expected to dominate the pedestrian bridge market forecast. The other segment includes pedestrian bridges constructed using timber, and composite materials such as fiber-reinforced polymer.
[REGIONGRAPH]
The pedestrian bridge market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific accounted for the the highest pedestrian bridge market share and is anticipated to secure the leading position during the forecast period. This growth is attributed to extensive economic growth and growth of population and urbanization in countries such as China, India, Vietnam, Indonesia, and others. For instance, in December 2022, the Chennai city officials announced plans to build a pedestrian bridge near Kendriya Vidyalaya at Thirumangalam in Anna Nagar.
Moreover, public and private partnerships for public infrastructures are expected to be extended to pedestrian bridges, making it relatively easier for governments to invest in pedestrian bridges; thereby, driving growth in the market. Similarly, as of January 2023, Bhopal city in the Madhya Pradesh state of India is expected to soon open its most expensive pedestrian bridge costing $13 million in the Aishbagh area in the city. Furthermore, rapid infrastructural growth in China is also expected to help the pedestrian bridges market grow. In addition, just like any other country that wants to attract tourists, China has built pedestrian bridges for tourist attraction. For instance, in 2020, it built a 100-meters bending glass pedestrian bridge. It is named the Ruyi bridge and is located in the Zhejiang province, south of Shanghai. Such factors are driving the growth of the pedestrian bridge market in the region, as well as in the world.
Competitive analysis and profiles of the major players in the pedestrian bridge end-user, such as Arup Group, Backwoods Bridges, Contech Engineered Solutions LLC, Denton Corker Marshall, IJP Corporation Ltd, Landmark Products Pty Ltd, Mace Group, Nature Bridges, Skidmore, Owings & Merrill (SOM), and The Walsh Group. Major players in order to remain competitive offer a wide range of designing and construction services pertaining to pedestrian bridges. For instance, in January 2020, Mace Group and GRAHAM contractors together installed a 66 meter-long, 7.2 meter-wide, and 350-ton steel Carpenters Land Bridge in Queen Elizabeth Olympic Park. This foot bridge is meant for cyclists and pedestrians.
The report provides an extensive analysis of the current and emerging pedestrian bridge market trends and dynamics.
In-depth pedestrian bridge market analysis is conducted by constructing market estimations for key market segments between 2021 and 2031.
Extensive analysis of the pedestrian bridge market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The pedestrian bridge market forecast analysis from 2022 to 2031 is included in the report.
The key players within the pedestrian bridge market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pedestrian bridge industry.
Key Market Segments
Key Market Players