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Highway, Street, And Bridge Construction Market Size, Value And Growth Trends Through 2030
The market size for highway, street, and bridge construction has experienced consistent expansion in recent years. This sector is anticipated to rise from $904.47 billion in 2025 to $947.69 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.8%. Historically, this growth can be ascribed to increased government expenditure on infrastructure, the broadening of national highway networks, a growing necessity for bridge upkeep, the persistence of traditional construction approaches, and the rising call for urban street development.
The highway, street, and bridge construction market is projected to experience robust expansion in the upcoming years. This market is anticipated to reach $1164.98 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this expansion during the forecast period include a growing focus on climate-resilient infrastructure, increased spending on smart mobility corridors, the broadening of road and bridge modernization initiatives, greater implementation of advanced construction technologies, and the creation of sustainable road-building materials. Key trends expected within this period encompass the development of extensive national highway networks, a heightened focus on enhancing and retrofitting bridges, an increasing need for street refurbishment and urban improvements, the proliferation of public-private partnership infrastructure projects, and a stronger emphasis on designing roads and bridges to withstand disasters.
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Highway, Street, And Bridge Construction Market Opportunity Drivers: What Is Creating New Revenue Potential?
Worldwide infrastructure investment increases are significantly fueling the future growth of the highway, street, and bridge construction market. An infrastructure investment is defined as a fund that targets specific securities within the sectors that establish a country’s infrastructure. This involves investing in the infrastructure and services utilized by the general population for living, working, and traveling. Public or private infrastructure encompasses all highway, street, and bridge construction and renovation. For instance, according to the UK-based Office for National Statistics in July 2024, total investment in the infrastructure market sector in 2023 reached roughly $17.5 billion (£13.8 billion) at constant prices, an increase of 3.9% compared to 2022. Simultaneously, the estimated net stocks of infrastructure within the market sector amounted to about $431.1 billion (£350.2 billion) at constant prices, reflecting a minor 0.3% increase from the prior year. Thus, elevated infrastructure investments globally are propelling the expansion of the highway, street, and bridge construction market.
Highway, Street, And Bridge Construction Market Segment Analysis Highlighting Growth Areas
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 Innovation Trends Driving Future Development
Major companies operating in the highway, street, and bridge construction market are developing new products, such as 3D-printed concrete bridges, to gain a competitive edge in the market. A 3D-printed concrete bridge is a bridge structure built using 3D printing technology and concrete materials. For instance, in December 2023, LafargeHolcim Ltd., a Switzerland-based building materials and solutions company, unveiled Phoenix. This innovative bridge demonstrates the company’s dedication to low-carbon infrastructure applications and circular building, with 10 tons of recycled materials utilized in its construction. It also serves as an example of the potential of integrated circular construction, computational design, and 3D concrete printing. As a testament to the capabilities of integrated circular construction, computational design, and 3D concrete printing, the bridge represents a noteworthy technological milestone because it is supported only by compression and requires no reinforcement.
Highway, Street, And Bridge Construction Market Leading Companies: Who Holds Significant Market Presence?
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 Analysis: Where Is Demand Growing The Fastest?
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.