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Highway, Street, And Bridge Construction Market Growth From $947.69 Billion In 2026 To $1164.97 Billion By 2030 At A CAGR Of 5.3%
The highway, street, and bridge construction market has experienced consistent expansion in recent years. It is projected to increase from $904.47 billion in 2025 to $947.69 billion by 2026, at a compound annual growth rate (CAGR) of 4.8%. This historic growth can be attributed to factors such as increased government infrastructure spending, the expansion of national highway networks, a rising need for bridge maintenance, continued reliance on traditional construction methods, and the growing demand for urban street development.
The highway, street, and bridge construction market is projected to experience substantial expansion over the upcoming years. Its valuation is anticipated to reach $1164.98 billion by 2030, driven by a compound annual growth rate (CAGR) of 5.3%. This growth during the projected timeframe is attributable to several factors, including a growing emphasis on climate-resilient infrastructure, increased capital allocation for smart mobility corridors, the broadening scope of road and bridge modernization initiatives, greater integration of advanced construction techniques, and the creation of environmentally friendly road-building substances. Key trends anticipated within this period involve the advancement of extensive national highway projects, a heightened focus on reinforcing and updating bridges, an escalating need for street restoration and urban improvements, the proliferation of infrastructure projects through public–private partnerships, and a stronger commitment to developing disaster-resistant road and bridge designs.
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Highway, Street, And Bridge Construction Market Industry Drivers: What’s Behind The Revenue Growth?
Global increases in infrastructure spending are a major factor propelling the future expansion of the highway, street, and bridge construction market. An infrastructure investment refers to an investment fund that focuses on specific securities within sectors responsible for establishing a country’s infrastructure. This involves funding the infrastructure and services crucial for the general population’s daily living, work, and travel. Both public and private infrastructure encompasses the construction and renovation of highways, streets, and bridges. For instance, according to the Office for National Statistics, a UK-based government department, in July 2024, it was reported that in 2023, total investment in the infrastructure market sector reached approximately $17.5 billion (£13.8 billion) in constant prices, indicating a 3.9% increase compared to 2022. During the same period, the estimated net stocks of infrastructure in the market sector amounted to around $431.1 billion (£350.2 billion) in constant prices, reflecting a modest rise of 0.3% from the previous year. Consequently, a rise in infrastructure investments globally is driving the growth of the highway, street, and bridge construction market.
Highway, Street, And Bridge Construction Market Segment Performance And Emerging Opportunities
The highway, street, and bridge construction market covered in this report is segmented –
1) By Type: Highway, Street, Bridge
2) By Construction Type: New Construction, Reconstruction And Repair
3) By Funding: Government Funding, Private Funding
Subsegments:
1) By Highway Construction: New Highway Construction, Highway Rehabilitation And Maintenance, Highway Expansion
2) By Street Construction: New Street Construction, Street Rehabilitation And Maintenance, Street Widening And Upgrades
3) By Bridge Construction: New Bridge Construction, Bridge Repair And Maintenance, Bridge Replacement And Retrofitting
#Highway, Street, And Bridge Construction Market Growth Trends: What’s Shaping The Future Outlook?
Leading companies operating in the highway, street, and bridge construction market are developing new products, such as 3D-printed concrete bridges, to gain a competitive advantage. A 3D-printed concrete bridge denotes a bridge structure fabricated using 3D printing technology and concrete materials. For instance, in December 2023, LafargeHolcim Ltd., a Switzerland-based building materials and solutions company, introduced Phoenix. This innovative bridge highlights the company’s dedication to low-carbon infrastructure applications and circular building, with 10 tons of recycled materials utilized in its construction. It further exemplifies the potential of integrated circular construction, computational design, and 3D concrete printing. As a significant technological achievement showcasing the possibilities of integrated circular construction, computational design, and 3D concrete printing, the bridge is notable for being supported solely by compression and requiring no reinforcement.
Highway, Street, And Bridge Construction Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the highway, street, and bridge construction market are China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Communications Construction Company Limited, Vinci SA, Bouygues SA, Laing O’Rourke, ACS Group S.A., Grupo ACS, Samsung C&T Corporation, Hochtief AG, Larsen & Toubro Ltd., Strabag SE, Bachtel Corporation, Jacobs Engineering Group Inc., Skanska AB, Colas Group, Fluor Corporation, Kiewit Corporation, AECOM, Balfour Beatty plc, Ferrovial SA, PCL Construction, Stantec Inc., Tutor Perini Corporation, Granite Construction Inc., Heijmans N.V., Flatiron Construction Corp., Lane Construction Corporation, Continental Engineering Corporation, Eurovia Ltd.
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Highway, Street, And Bridge Construction Market Geographic Spread And Regional Opportunities
Asia-Pacific was the largest region in the highway, street, and bridge construction market in 2025. The regions covered in the highway, street, and bridge construction market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
