| Study Period | 2019 - 2032 |
| Market Size in 2024 | USD 16.1 Billion |
| Market Size in 2025 | USD 16.8 Billion |
| Market Size by 2032 | USD 24.3 Billion |
| Projected CAGR | 5.4% |
| Largest Region | Northeast |
| Fastest Growing Region | West |
| Market Structure | Fragmented |
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The U.S. bridge & elevated highway construction market size was USD 16.1 billion in 2024, and it will grow by 5.4% during 2025–2032, reaching USD 24.3 billion by 2032.
The market is growing majorly because of the government investments across the country as over 40,000 bridges and roads are outdated and unsafe. The government is providing billions of funds to help the states in bridge construction and maintenance.
The biggest reason for its growth is the increasing population, which has created traffic delays, which results in economic losses. As per reports, the U.S. economy loses USD 70 billion a year due to traffic jams. More people and vehicles mean more pressure on roads and bridges, which pushes governments to upgrade their infrastructure. New technologies, such as 3D modeling and construction automation, are therefore being used to build such infrastructure easier and faster.
The maintenance category held the largest market share, of 40%, in 2024. This is because many bridges are over 50 years old and require regular maintenance to stay safe and usable. Maintenance is usually cheaper than tearing structures down completely and building them from the ground up. The Bridge Formula Program and Federal-Aid Highway funds have allocated USD 5.3 billion and USD 62 billion, respectively, for routine maintenance.
The new construction category will grow at the highest CAGR, of 5.5%, during the forecast period. This is due to the expanding population, which requires road connectivity for employment, education, shopping, and traveling. Moreover, highways and bridges are being increasingly built to withstand earthquakes and floods, which is bringing in higher investments.
The construction types analyzed here are:
The bridge category held the larger market share, of 60%, in 2024. This is because the U.S. has over 617,000 bridges, many of which many are old and in a poor state. Almost 40,000 of these bridges are considered structurally deficient and need to be repaired or replaced. Moreover, bridges are important in big cities and across rivers, which is why the government spends a lot on them. From small, rural bridges to huge, urban ones like the Golden Gate Bridge and Brooklyn Bridge, they are common in all 50 states.
The elevated highway category will grow at the higher CAGR, of 5.7%, during the forecast period. This is because there is no space in many cities to build a road at the ground level. Elevated roads are becoming part of modern city planning as they help separate the local traffic from express traffic. This reduces travel time, leading to fewer interruptions to the daily traffic. Cities such as Los Angeles, Miami, and Seattle are investing in elevated highway systems to modernize their transportation networks.
The types of construction analyzed here are:
The precast concrete & modular construction category held the largest market share, of 45%, in 2024. This is because pieces of the bridge and a highway are made in a factory or at a nearby casting plant initially and then brought to the site. They are then put together quickly, which saves time when roads cannot be closed for long durations. When the parts are made at a casting plant, the number of workers needed on site is fewer, which saves money. High-quality parts that are strong, last longer, and need fewer repairs can be made in a factory.
The smart sensors & IoT monitoring category will grow at the highest CAGR, of 6%, during the forecast period. This is because it helps track things vibrations, movement of the span away from a preset line, and temperature, which helps catch damage before it happens. The data from the sensors also helps assess the need for repairs, which helps in preventing sudden breakdowns.
The technologies used analyzed here are:
The federal category held the largest market share, of 25%, in 2024, as the federal government has allocated USD 61 billion through the Infrastructure Investment and Jobs Acts for highway and bridge construction. The Bipartisan Infrastructure Law’s Bridge Investment Program will make the largest dedicated investment in bridges, of USD 12.5 billion. The government views infrastructure as a top priority because of its role in the economy and defense of the country. Moreover, many state and local projects are co-funded by the federal government, such as the California high-speed rail.
The private investment category will grow at the highest CAGR, of 5.5%, during the forecast period. This is because private companies are involved in projects where tolls and other user-based revenue models are used. These projects include highways and bridges that generate revenue through toll collection, allowing private investors to recover their investments over time. Such projects include the Chicago Skyway and Indiana Toll Road. Moreover, with the increasing urbanization rate, private investors are funding necessary infrastructure in Texas and Nevada.
The fundings analyzed here are:
The government category held the largest market share, of 30%, in 2024, because most of the projects are funded by the government itself. It is responsible for managing and overseeing the majority of the infrastructure and maintaining it in the long run, including carrying out routine repairs and rebuilding. In high-traffic urban areas, the government sets the standards and regulations for construction projects and approves the permits, thus increasing its influence on the market.
The private developers category will grow at the highest CAGR, of 6.1%, during the forecast period. This is because many large infrastructure projects are developed through public–private partnerships. PPP projects are rising in number in fast-growing tech hubs, such as California’s Silicon Valley, where private developers work on transportation solutions to reduce congestion.
The end users analyzed here are:
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The Northeast region held the largest market share, of 30%, in 2024, because this region demands well-maintained bridges and highways. Many bridges and highways are older and require repairs and replacements, which creates work for construction companies. The major economic centers here, including New York, Boston, and Philadelphia, require transportation systems.
The market in the Western region will grow at the highest CAGR, of 6.2%, during the forecast period. This is because urban centers, such as Los Angeles, San Francisco, and Seattle, are expanding. This region is home to the tech hubs and a growing workforce. Moreover, the region faces frequent earthquakes, which necessitates the construction of sturdy bridges and highways. As a result, the West has a growing demand for specialized infrastructure projects. California was given USD 6 billion for the construction of rail projects, including USD 3 billion for the Brightline West Project connecting Los Angeles to Las Vegas.
The regions analyzed in this report are:
The market is fragmented because various companies are involved in many different types of projects. Some projects are small, and some are large and complex, which can be handled by only certain companies. Different companies also work in specific regions. Many government-funded projects are split into sections, which are given to different companies through competitive bidding, creating opportunities for different companies. Moreover, different states in the U.S. have different rules for protecting the environment, safety, and land use, which leads to more fragmentation in the market.
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