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Stock impact report

Global Bridges Market Opportunities and Strategies to 2033, Featuring China Communications Construction, China Railway Group, VINCI, Hochtief and ACS Actividades de Construccion y Servicio...

Construction Partners, Inc. (ROAD) 
Last construction partners, inc. earnings: 2/7 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The global bridges market reached a value of nearly $115.5 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6% since 2018. The market is expected to grow from $115.5 billion in 2023 to $167.1 billion in 2028 at a rate of 7.7%. The market is then expected to grow at a CAGR of 6.9% from 2028 and reach $233.3 billion in 2033. Growth in the historic period resulted from the surge in traffic congestion, growth in tourism and recreational activities, increase in government initiatives and rise in construction activity. Factors that negatively affected growth in the historic period was skilled labor shortages. Going forward, increasing infrastructure development, increasing international trade, strong economic growth in emerging markets and growing population and urbanization will drive the growth. Factor that could hinder the growth of the bridges market in the future include high construction costs. The bridges market is segmented by type into beam bridge, tr Show less Read more
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