North America Transportation Infrastructure Construction Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Transportation Infrastructure Construction Market Analysis
- The North American transportation infrastructure construction market is expected to record a CAGR of more than 5% during the forecast period.
- COVID-19 impacted the transportation sector. The impact is in direct and indirect ways, such as reduction in transit services, slowing down of construction works due to social distancing, and disrupted supply chain. However, the sector is recovering and focusing on developments.
- Transportation infrastructure facilitates the movement of public and goods in the country. Furthermore, an increase in urban mobility creates demand for the construction of more transportation projects.
- Roadways are one of the major means of transportation in North America, followed by railways. For instance, the US government has financed more than 300,000 miles (483,000 km) of transcontinental highways, including more than 40,000 miles (64,000 km) of limited-access multilane roads. Canada offers a coast-to-coast route, while Mexico's highways link the countries.
- The transportation infrastructure is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. This factor resulted in uninterrupted transit and freight services directly contributing to the region's economy.
North America Transportation Infrastructure Construction Market Trends
This section covers the major market trends shaping the North America Transportation Infrastructure Construction Market according to our research experts:
Increasing Infrastructure Activities in the United States
- Investments are being made to increase the transportation infrastructure activities and improve existing infrastructures, such as extending the roads and rails, planning new construction across the country, and improving damaged structures.
- In 2021, the President of the United States signed Bipartisan Infrastructure Deal, which grants USD 550 billion for new federal investments in the country's infrastructure.
- More than USD 110 billion is allocated to public transport infrastructure from this budget to improve the living standards of the public by providing access to safe, clean, and reliable transportation.
- The increasing infrastructure activities include modernizing the public transportation services, delivering zero and low emissions buses, reforming the rail services (both passenger and freight), and initiating safety programs to cut down accidents and fatalities.
Increasing Investments in Road Infrastructure Construction
- The construction of roadways is one of the main sectors of transportation infrastructure. Public transit using roadways generates more economy.
- Mexico invested in 16 projects, accounting for nearly USD 4.6 billion. These projects include the construction of road infrastructure, highway projects, interchanges, etc.
- Furthermore, in Mexico, the Cuapiaxtla-Cuacnopalan highway (worth USD 209 million) and the Altar-S谩sabe highway (worth USD 230 million) were set to start in Q1 2021.
- The Canadian government plans for a long-term investment in unspecified public transportation over ten years.
- Moreover, the United States accounts for the highest rate of investments in road transportation construction and street project spending.
North America Transportation Infrastructure Construction Industry Overview
The North American transportation infrastructure construction market is moderately consolidated, as most of the projects are owned by major players in the industry. Hence, small-scale players have less scope. Some of the major players include Obrascon Huarte Lain SA (Ohla), Kiewit Corporation, ACS Actvidades de Construcci贸n y Servicios SA, VINCI Construction, Kraemer North America, and GLOBALVIA Inversiones SAU.
North America Transportation Infrastructure Construction Market Leaders
-
Kiewit Corporation
-
聽VINCI Construction
-
Kraemer North America
-
OBRASCON HUARTE LAIN SA (OHLA)
-
ACS, Actividades de Construcci贸n y Servicios SA
*Disclaimer: Major Players sorted in no particular order
North America Transportation Infrastructure Construction Market News
- August 2021: The Ministry of Transportation and Infrastructure announced a USD 837 million Trans-Canada highway widening project between Alberta and B.C. This project involves the construction of bridges and the widening of two lanes highways to four lanes, creating more than 1,200 direct jobs and 700 indirect jobs.
- February 2021: The United States and Canada planned to invest in transport infrastructure development to offer pipeline projects in the pre-construction or construction stages in the next five years.
North America Transportation Infrastructure Construction Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Government Regulations and Initiatives
4.4 Supply Chain/Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technology Snapshot and Digital Trends
4.7 Modernization of the Transportation Infrastructure Sector
4.8 Impact of COVID-19 on the Market
4.9 Major Infrastructure Development Projects
5. MARKET SEGMENTATION (Market Size by Value)
5.1 By Mode
5.1.1 Roadways
5.1.2 Railways
5.1.3 Marine Transportation
5.1.4 Airways
5.2 By Country
5.2.1 United States
5.2.2 Canada
5.2.3 Mexico
5.2.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 OBRASCON HUARTE LAIN SA (OHLA)
6.2.2 ACS, Actividades de Construccin y Servicios SA
6.2.3 Kiewit Corporation
6.2.4 Bechtel Corporation
6.2.5 CK Hutchison Holdings Limited
6.2.6 GLOBALVIA Inversiones SAU
6.2.7 VINCI Construction
6.2.8 Balfour Beatty
6.2.9 Kraemer North America
6.2.10 BOUYGUES CONSTRUCTION SA
6.2.11 L&T Construction
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
North America Transportation Infrastructure Construction Industry Segmentation
The transportation infrastructure construction market includes a wide range of construction activities, including the reformation of the existing constructions, the building of new infrastructures, and the extension or demolition of projects. The North American transportation infrastructure construction market is segmented by mode (roadways, railways, marine, and airways) and country (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast in value (USD billion) for all the above segments.
| By Mode | |
| Roadways | |
| Railways | |
| Marine Transportation | |
| Airways |
| By Country | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Transportation Infrastructure Construction Market Research FAQs
What is the current North America Transportation Infrastructure Construction Market size?
The North America Transportation Infrastructure Construction Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Transportation Infrastructure Construction Market?
Kiewit Corporation, 聽VINCI Construction, Kraemer North America, OBRASCON HUARTE LAIN SA (OHLA) and ACS, Actividades de Construcci贸n y Servicios SA are the major companies operating in the North America Transportation Infrastructure Construction Market.
What years does this North America Transportation Infrastructure Construction Market cover?
The report covers the North America Transportation Infrastructure Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Transportation Infrastructure Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Transportation Infrastructure Construction Industry Report
Statistics for the 2024 North America Transportation Infrastructure Construction market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Transportation Infrastructure Construction analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
