Pedestrian Bridge Market Size, Trends and Insights By Type (Truss bridges, Beam bridges, Suspension bridges, Cable-stayed pedestrian bridges, Arch bridges), By Construction Type (New construction, Reconstruction & repair), By Material (Concrete, Steel, Composite, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- S. Bridge
- Backwoods Bridges LLC
- Nature Bridges
- Contech Engineered Solutions LLC
- IJP Corporation Ltd
- Denton Corker Marshall
- Others
Reports Description
Global Pedestrian Bridge Market was valued at USD 100 Billion in 2024 and is expected to reach USD 142.5 Billion by 2033, at a CAGR of 6.6% during the forecast period 2024 – 2033.
A pedestrian crossing is a construction intended to let pedestrians cross roads safely and without automobile hindrance. In addition, these bridges provide convenient travel and crime prevention. Pedestrian-oriented capability is the level of appeal that man-made settings, like pedestrian bridges, offer for people to live, work, shop, interact, and enjoy the places.
Pedestrian Bridge Market: Growth Factors
Rapid urbanization
Global urbanization is accelerating due to factors like growing population, increased disposable income, private investment, and supportive government development programs. Buildings, public utilities, roads, bridges, residential and commercial spaces, and other amenities are all linked to rapid urbanization.
Surge in the building of roadways to enable quicker movements of people, products, and services. This has boosted demand for pedestrian bridges, which are necessary to decrease traffic congestion, avoid accidents, and guarantee public safety.
The government’s endeavours to provide access to rural areas including mountainous regions will further fuel the market’s expansion since, given the unstable and tectonic landform of the mountains, bridges are frequently better structures than roadways.
The market will increase in tandem with the expansion of railroads since additional pedestrian bridges will be built to cross these tracks safely for user movement. With the building of glass bridges and other bridges across popular tourist destinations like waterfalls, rivers, and mountains, the tourism industry will also contribute to the market.
Consequently, as a result of increased road, rail, and tourism infrastructure investment made possible by growing urbanization, the market for pedestrian bridges is expected to rise rapidly worldwide.
Increasing bridge utilization and pedestrian safety
Rising car accidents, pedestrian accidents, and accidents involving pedestrians as a result of the pedestrian bridge market. The optimal way for pedestrians to cross the road may have to do with their feeling safer, albeit the exact cause of this is unknown. One method of expanding the capacity of the road network is the pedestrian bridge market.
The safest place to cross is the pedestrian bridge market. For the respondents who frequently use pedestrian bridges, the safety aspect is crucial; nevertheless, easy factors such as travel time and distance became the most important component for respondents who seldom use pedestrian bridges. Hence, to increase the use of pedestrian bridges, the crossing time and distance must be decreased.
71% of pedestrians prefer underpasses over foot bridges, according to a study on pedestrian bridge crossings in Bangladesh (Dhaka). Inadequate security, lengthy walks, difficult entrances, hawkers’ issues, discomfort, and other factors are among the reasons pedestrians do not use road crossing facilities.
Pedestrian Bridge Market: Restraints
High initial cost investment
A significant amount of capital must be invested in the construction of a pedestrian bridge. To construct bridges in public areas, one must first win government contracts and tenders, obtain the required approvals from pertinent agencies, and obtain social and environmental clearance before beginning construction.
Numerous resources are needed for these tasks. In addition, the project’s completion will require a significant financial investment in people, machinery, equipment, raw materials, and time. Many wineries are prevented from improving their production capacity by the large capital expenditure required, especially smaller and less financially resourced growers.
The supply chain’s shocks or bottlenecks, fluctuating raw material prices, and muted customer demand all contribute to the construction’s higher capital costs.
Additionally, maintaining the bridge calls for a number of resources, a sizable financial commitment, and time because it must be done consistently at regular intervals to guarantee its functionality and safety. The expansion of the global market for pedestrian bridges would be hampered by the high initial investment cost.
Pedestrian Bridge Market: Opportunities
Development of advanced technologies and building materials
The growing need for pedestrian bridges has been attributed to the fast pace of urbanization and the corresponding rise in development and construction activities for roads, highways, and expressways. The bridges built using outdated techniques take a long time to complete, which means that critical structures must be closed for many days, preventing vehicles from moving and costing the government money.
As a result, the major companies in the industry have made significant investments in the study and creation of novel raw materials and technologies that will enable the construction of sturdy, long-lasting bridges more quickly and affordable.
3D printing, better concrete, and fast drying technologies are some of the innovations. The major players in the global pedestrian bridges market would have substantial market potential to create cutting-edge technologies and superior materials.
Pedestrian Bridge Market: Segmentation Analysis
Global Pedestrian Bridge Market is segmented by type, construction type, material, and region. Based on Type, the market is classified into Truss bridges, Beam bridges, Suspension bridges, Cable-stayed pedestrian bridges and Arch bridges. Beam bridges dominated the market in 2023 with a market share of 40.5% and is expected to keep its dominance during the forecast period 2024-2033.
Beam bridges are indeed influential in propelling the pedestrian bridge market forward. These structures, characterized by their simple and economical design, are widely used for pedestrian crossings over various obstacles such as roads, rivers, and railways.
Beam bridges offer several advantages for pedestrian bridge applications, including ease of construction, low maintenance requirements, and versatility in spanning short to moderate distances. The widespread adoption of beam bridges for pedestrian crossings is driven by the increasing emphasis on pedestrian safety, urban development, and the promotion of non-motorized transportation modes in cities worldwide.
As urban populations grow and cities become more densely populated, the need for safe and accessible pedestrian infrastructure becomes paramount.
Additionally, the aesthetic appeal of beam bridges, coupled with advancements in bridge design and materials, has led to the creation of visually striking pedestrian bridges that enhance the urban landscape and contribute to the overall beautification of public spaces.
Furthermore, initiatives aimed at promoting sustainable transportation and reducing carbon emissions are driving investments in pedestrian infrastructure, further fuelling the demand for pedestrian bridges, particularly those utilizing beam bridge technology.
Based on construction type, the market is classified into New construction, Reconstruction & repair. The new construction segment dominated the market in 2023 with a market share of 68.00% and is expected to keep its dominance during the forecast period 2024-2033.
The segment’s growth will be accelerated by the quick urbanization that makes new road construction possible. The building of new bridges will also be fuelled by the introduction of road safety and the rigorous enforcement of road safety regulations.
The development of cutting-edge technologies and better, more environmentally friendly building materials will also contribute to the segment’s growth. The need for improved remote connectivity will also fuel the growth of this market.
Based on material, the market is classified into Concrete, Steel, Composite and Others. The steel segment dominated the market in 2023 with a market share of 41.2% and is expected to keep its dominance during the forecast period 2024-2033.
Steel is a driving force in the pedestrian bridge market, primarily due to its versatility, durability, and cost-effectiveness in bridge construction. Steel’s high strength-to-weight ratio makes it an ideal material for designing and fabricating pedestrian bridges, enabling engineers to create elegant and lightweight structures capable of spanning long distances with minimal support.
The demand for pedestrian bridges is increasing worldwide as urbanization continues to expand, creating the need for safe and efficient pedestrian crossings over roads, railways, rivers, and other obstacles. Steel’s flexibility allows for innovative bridge designs that blend functionality with aesthetic appeal, enhancing the urban landscape and promoting pedestrian mobility.
Additionally, steel bridges offer advantages such as ease of fabrication, fast installation, and low maintenance requirements, making them a preferred choice for infrastructure projects where time and cost efficiency are crucial. Moreover, steel’s recyclability aligns with sustainable construction practices, further driving its popularity in the pedestrian bridge market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 100 Billion |
| Projected Market Size in 2033 | USD 142.5 Billion |
| Market Size in 2023 | USD 90.3 Billion |
| CAGR Growth Rate | 6.6% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Construction Type, Material and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Pedestrian Bridge Market: Regional Analysis
By region, Pedestrian Bridge Market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the global Pedestrian Bridge Market in 2023 with a market share of 41.3% and is expected to keep its dominance during the forecast period 2024-2033.
The growing population in the region, primarily from China and India, has raised the need for developing and constructing parks, offices, roads, and other services. Urbanization is accelerating due to population growth, necessitating seamless connectivity for quicker travel.
The development of the regional pedestrian bridges market was aided by the growing road construction, railroad expansion, and other building activities. The expansion of the regional market has also been aided by the increasing spending on fiscal infrastructure.
The demand for bridges in hilly, arid, and marshy areas to connect isolated communities and inhospitable landscapes will fuel the expansion of the regional market. Building pedestrian bridges is becoming more popular as a way to lessen traffic jams, collisions, and restricted vehicle movement. Ensuring pedestrian safety in urban clusters is crucial for the development of resilient, swift, and secure urban mobility and transportation systems.
Pedestrian Bridge Market: Recent Developments
- In March 2023, Delhi expanded the number of its pedestrian bridges, adding 27 projects in the last two years, according to the 2022–2023. A total of 113 footbridges had been built by 2021–2022, with four additional added between April and December.
- In January 2023, Madhya Pradesh, India constructed the most costly pedestrian bridge, which came for USD 13 million. The Aishbagh Hockey Stadium Colony was cut off from the main road for almost four years due to the closure of the railway crossing for pedestrian traffic.
- In Jun 2022, The Florida Department of Transportation (FDOT) released designs for a new pedestrian bridge four years after the previous one collapsed during construction, killing six people including an FIU student. FDOT oversees bridge design & construction, with the FIU and the City of Sweet Water listed as local partners. After completion, the FIU will own, manage, and operate the bridge.
List of the prominent players in the Pedestrian Bridge Market:
- S. Bridge
- Backwoods Bridges LLC
- Nature Bridges
- Contech Engineered Solutions LLC
- IJP Corporation Ltd
- Denton Corker Marshall
- The Walsh Group
- Mace Group
- ECOM
- Skidmore
- Owings & Merrill (SOM)
- Landmark Products Pty Ltd
- ACS Group
- CIMC Group
- Arup Group
- Flatiron Construction Corp.
- Kiewit Corporation
- Mott MacDonald
- Skanska AB
- SNC-Lavalin Group Inc.
- Others
These key players are adopting various growth strategies such as merger & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Pedestrian Bridge Market is segmented as follows:
By Type
- Truss bridges
- Beam bridges
- Suspension bridges
- Cable-stayed pedestrian bridges
- Arch bridges
By Construction Type
- New Construction
- Reconstruction & Repair
By Material
- Concrete
- Steel
- Composite
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Pedestrian Bridge Market, (2024 – 2033) (USD Billion)
- 2.2 Global Pedestrian Bridge Market: Snapshot
- Chapter 3. Global Pedestrian Bridge Market – Industry Analysis
- 3.1 Pedestrian Bridge Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rapid urbanization
- 3.2.2 Increasing bridge utilization and pedestrian safety
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Construction Type
- 3.7.3 Market Attractiveness Analysis By Material
- Chapter 4. Global Pedestrian Bridge Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Pedestrian Bridge Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Pedestrian Bridge Market – Type Analysis
- 5.1 Global Pedestrian Bridge Market Overview: By Type
- 5.1.1 Global Pedestrian Bridge Market Share, By Type, 2023 and 2033
- 5.2 Truss bridges
- 5.2.1 Global Pedestrian Bridge Market by Truss Bridges, 2024 – 2033 (USD Billion)
- 5.3 Beam bridges
- 5.3.1 Global Pedestrian Bridge Market by Beam Bridges, 2024 – 2033 (USD Billion)
- 5.4 Suspension bridges
- 5.4.1 Global Pedestrian Bridge Market by Suspension Bridges, 2024 – 2033 (USD Billion)
- 5.5 Cable-stayed pedestrian bridges
- 5.5.1 Global Pedestrian Bridge Market by Cable-stayed Pedestrian Bridges, 2024 – 2033 (USD Billion)
- 5.6 Arch bridges
- 5.6.1 Global Pedestrian Bridge Market by Arch Bridges, 2024 – 2033 (USD Billion)
- 5.1 Global Pedestrian Bridge Market Overview: By Type
- Chapter 6. Global Pedestrian Bridge Market – Construction Type Analysis
- 6.1 Global Pedestrian Bridge Market Overview: By Construction Type
- 6.1.1 Global Pedestrian Bridge Market Share, By Construction Type, 2023 and 2033
- 6.2 New Construction
- 6.2.1 Global Pedestrian Bridge Market by New Construction, 2024 – 2033 (USD Billion)
- 6.3 Reconstruction & Repair
- 6.3.1 Global Pedestrian Bridge Market by Reconstruction & repair, 2024 – 2033 (USD Billion)
- 6.1 Global Pedestrian Bridge Market Overview: By Construction Type
- Chapter 7. Global Pedestrian Bridge Market – Material Analysis
- 7.1 Global Pedestrian Bridge Market Overview: By Material
- 7.1.1 Global Pedestrian Bridge Market Share, By Material, 2023 and 2033
- 7.2 Concrete
- 7.2.1 Global Pedestrian Bridge Market by Concrete, 2024 – 2033 (USD Billion)
- 7.3 Steel
- 7.3.1 Global Pedestrian Bridge Market by Steel, 2024 – 2033 (USD Billion)
- 7.4 Composite
- 7.4.1 Global Pedestrian Bridge Market by Composite, 2024 – 2033 (USD Billion)
- 7.5 Others
- 7.5.1 Global Pedestrian Bridge Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Pedestrian Bridge Market Overview: By Material
- Chapter 8. Pedestrian Bridge Market – Regional Analysis
- 8.1 Global Pedestrian Bridge Market Regional Overview
- 8.2 Global Pedestrian Bridge Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Pedestrian Bridge Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.4 North America Pedestrian Bridge Market, by Type, 2024 – 2033
- 8.4.1 North America Pedestrian Bridge Market, by Type, 2024 – 2033 (USD Billion)
- 8.5 North America Pedestrian Bridge Market, by Construction Type, 2024 – 2033
- 8.5.1 North America Pedestrian Bridge Market, by Construction Type, 2024 – 2033 (USD Billion)
- 8.6 North America Pedestrian Bridge Market, by Material, 2024 – 2033
- 8.6.1 North America Pedestrian Bridge Market, by Material, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Pedestrian Bridge Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Pedestrian Bridge Market, by Type, 2024 – 2033
- 8.8.1 Europe Pedestrian Bridge Market, by Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Pedestrian Bridge Market, by Construction Type, 2024 – 2033
- 8.9.1 Europe Pedestrian Bridge Market, by Construction Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Pedestrian Bridge Market, by Material, 2024 – 2033
- 8.10.1 Europe Pedestrian Bridge Market, by Material, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Pedestrian Bridge Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Pedestrian Bridge Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Pedestrian Bridge Market, by Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Pedestrian Bridge Market, by Construction Type, 2024 – 2033
- 8.13.1 Asia Pacific Pedestrian Bridge Market, by Construction Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Pedestrian Bridge Market, by Material, 2024 – 2033
- 8.14.1 Asia Pacific Pedestrian Bridge Market, by Material, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Pedestrian Bridge Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Pedestrian Bridge Market, by Type, 2024 – 2033
- 8.16.1 Latin America Pedestrian Bridge Market, by Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Pedestrian Bridge Market, by Construction Type, 2024 – 2033
- 8.17.1 Latin America Pedestrian Bridge Market, by Construction Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Pedestrian Bridge Market, by Material, 2024 – 2033
- 8.18.1 Latin America Pedestrian Bridge Market, by Material, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Pedestrian Bridge Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Pedestrian Bridge Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Pedestrian Bridge Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Pedestrian Bridge Market, by Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Pedestrian Bridge Market, by Construction Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Pedestrian Bridge Market, by Construction Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Pedestrian Bridge Market, by Material, 2024 – 2033
- 8.22.1 The Middle-East and Africa Pedestrian Bridge Market, by Material, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 U.S. Bridge
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Backwoods Bridges LLC
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Nature Bridges
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Contech Engineered Solutions LLC
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 IJP Corporation Ltd
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Denton Corker Marshall
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 The Walsh Group
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Mace Group
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 ECOM
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Skidmore
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Owings & Merrill (SOM)
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Landmark Products Pty Ltd
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 ACS Group
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 CIMC Group
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Arup Group
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Flatiron Construction Corp.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Kiewit Corporation
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Mott MacDonald
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Skanska AB
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 SNC-Lavalin Group Inc.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 U.S. Bridge
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- S. Bridge
- Backwoods Bridges LLC
- Nature Bridges
- Contech Engineered Solutions LLC
- IJP Corporation Ltd
- Denton Corker Marshall
- The Walsh Group
- Mace Group
- ECOM
- Skidmore
- Owings & Merrill (SOM)
- Landmark Products Pty Ltd
- ACS Group
- CIMC Group
- Arup Group
- Flatiron Construction Corp.
- Kiewit Corporation
- Mott MacDonald
- Skanska AB
- SNC-Lavalin Group Inc.
- Others
FAQs
The restraints of the Pedestrian Bridge Market is high initial cost investment.
The major driver for the Pedestrian Bridge Market is the rapid urbanization of the world and increasing bridge utilization and pedestrian safety.
The “Truss bridges” category dominated the market in 2023.
The key players in the market are U.S. Bridge, Backwoods Bridges LLC, Nature Bridges, Contech Engineered Solutions LLC, IJP Corporation Ltd, Denton Corker Marshall, The Walsh Group, Mace Group, ECOM, Skidmore, Owings & Merrill (SOM), Landmark Products Pty Ltd, ACS Group, CIMC Group, Arup Group, Flatiron Construction Corp., Kiewit Corporation, Mott MacDonald, Skanska AB, SNC-Lavalin Group Inc., Others.
“Asia Pacific” had the largest share in the Pedestrian Bridge Market.
The global market is projected to grow at a CAGR of 6.6% during the forecast period, 2024-2033.
The Pedestrian Bridge Market size was valued at USD 100 Billion in 2024.