Transport infrastructure refers to the foundation that supports the transport system. It includes roads, railways, ports, and airports. A transport system is a vital driver of social and economic development, which generates opportunities for both poor and facilitating economies to become competitive. Transportation infrastructure connects individuals to jobs, health services, and education on a daily basis. It facilitates the supply of goods and services globally.
The key driver that supports the transportation infrastructure market raises the demand for transportation due to globalization. Transportation is one of the crucial sectors of any country's economy. It is involved in supporting the extensive movement of passengers and cargo within and outside its borders. Cargo transportation, such as raw materials, parts, and finished items, due to national & international trade has facilitated considerable diversity, affordability, and availability of goods in various countries.
In addition, the rapidly aging transport infrastructure also drives the market globally. For instance, bridges and roads collapse due to a sharp increase in heavy vehicular traffic. The old, urban transport systems can no longer cope with the present requirements and natural catastrophes such as earthquakes and landslides that are also aiding in infrastructure destruction. To address the problems & requirements, governments and investors are investing large amounts of money in infrastructure projects.
At present, the market is trying to adopt new technologies. Rapid population growth has led to growth in traffic and is creating robust demand for additional transportation infrastructure. However, many nations lack sufficient capital or space to build such roads and railways. Rapid urbanization along with the changing climate has brought about critical concerns and increased R&D to rethink new transportation systems. This has encouraged new technological improvements such as Maglev trains, intelligent transportation systems (ITS), autonomous vehicles, hyperloop, infrastructure inspection robots, and smart cars. Global concerns such as global warming, increasing fuel prices, and shrinking resources have led to the emergence of green transport in several countries. In addition, major economies are also encouraging the adoption of green transport infrastructure such as electric vehicles (EVs), electric motorcycles, rail transport, and mass rapid transit (MRT).
Hence, growing technological innovations and cross-border collaborations drive investments in various transport subsectors, especially in roads and railways. The growing demand for efficient infrastructure is expected to propel the growth of the global transportation infrastructure market.
The transport infrastructure market is segmented based on end users and geography. Based on end users the market is segmented into railway, urban mass transport, airports, roads & bridges, and ports. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key players that operate in the market include ACS, ACTIVIDADES DE CONSTRUCCIN Y SERVICIOS, S.A., Bechtel Corporation, CK Hutchison Holdings Limited, Globalvia Inversiones, VINCI, Balfour Beatty, Bouygues Construction SA., Kiewit Corporation, LAING O'ROURKE, and Larsen & Toubro Limited.
- The report provides an in-depth analysis of the transportation infrastructure industry to identify potential investment pockets.
- The key drivers, restraints, and opportunities along with their detailed impact analyses have been elucidated.
- Porters five forces model helps in analyzing the potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
Global Transportation Infrastructure Market Key Segments:
By End-user Industry
- Urban Mass Transport
- Roads & Bridges
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- The Middle East
Key Market Players
- ACS, ACTIVIDADES DE CONSTRUCCIN Y SERVICIOS, S.A.
- Bechtel Corporation
- CK Hutchison Holdings Limited
- Globalvia Inversiones
- Balfour Beatty
- Bouygues Construction SA
- Kiewit Corporation
- LAING O'ROURKE
- Larsen & Toubro Limited