U.S. Heavy Movable Bridges Market Size, Share & Trends Report

U.S. Heavy Movable Bridges Market Size, Share & Trends Analysis Report By End Use (Public, Privately-Owned), By State (CT, FL, IL, NY, NJ, NC, TX), And Segment Forecasts, 2019 - 2025

  • Published Date: Aug, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-498-7
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 64

Industry Insights

The U.S. heavy movable bridges market size was valued at USD 1,855.3 million in 2018 and is expected to register a CAGR of 13.0% from 2019 to 2025. Increasing commercial uses of bridges for both road traffic and waterways traffic, coupled with the growing investments focused on infrastructure development, are anticipated to drive the market growth over the forecast period.

Rapid modernization, industrialization, and favorable government initiatives are anticipated to boost the demand for heavy movable bridges in the country. For instance, the local governments in various U.S. states, including Illinois, New Jersey, Texas, and New York, are carrying out initiatives to expand the country’s infrastructure network and related innovations. These states are also focusing on developing new bridges and upgrading existing ones to ease traffic congestion, streamline transportation services, and increase economic opportunities in the country.

U.S. heavy movable bridges market

Movable bridges are widely adopted for commercially vital waterways owing to the design of these bridges, which enables them to change their position to provide waterway for vessels and ships. Moreover, movable bridges are engineered in such a way that they help reduce infrastructure costs and prove to be beneficial for managing both road and water traffic.

Technological advancements in fields such as robotics, automation, data communications & networking, and instrument & measurement are anticipated to boost the development of movable bridges in the U.S. over the forecast period. Such technologies are expected to support and enhance the mechanical and physical potential of these bridges in terms of conception, design, construction, and operations.

On the other hand, various political and regulatory challenges are expected to impact the production and development of commercial bridges in the country. The key components of heavy movable bridges, including bridge sections, pilings, expansion joints, and guardrails, are made up of steel. Changing tariffs imposed by the U.S. government on materials such as steel, which are used for fabricating such components, are likely to hinder the market growth over the forecast period.

End-Use Insights

Bridge infrastructure is mostly owned by private companies, public organizations, or government departments. In 2018, the public/government segment witnessed significant growth in the market, accounting for over 65% of the overall market share. The growth of this segment can be attributed to various infrastructure investments planned by the U.S. government from 2018 to 2022.

U.S. heavy movable bridges market

Consequently, several public-private partnerships have been formed due to the privatization of infrastructure in the country. These partnerships are focused on developing and upgrading flexible bridges for commercial purposes.Some of the key benefits of privatization with regard to public interest include incentivizing infrastructure improvement and innovation that scale up the competition among key market players in the country.

Geographical Insights

In 2018, the heavy movable bridges market in New York accounted for over 15% of the revenue share owing to significant investments focused on building and developing such infrastructure in the state. Several government policies and federal funding have been chalked out in the past few years to promote the commercial aspects of infrastructure development to foster waterfront businesses in the state.

Furthermore, with an increasing need for rehabilitation, repairs, and replacement of bridges, the state of Illinois is projected to witness substantial growth over the forecast period. The growing importance of improved transportation services coupled with an inclination of millennials toward travel & tourism has created a need for continuous infrastructure development among the local and federal governments. These factors are anticipated to drive the market growth over the forecast period.

U.S. Heavy Movable Bridges Market Share Insights

The U.S. heavy movable bridges market is characterized by intense competition with the presence of a few predominant market players that own, operate, or maintain the bridge infrastructure across different states in the country. Some of the key players operating in the market include National Railroad Passenger Corporation and Subsidiaries (Amtrak), Burlington Northern Santa Fe, LLC (BNSF Railway Company), Canadian National Railway Company, Canadian Pacific, and CSX Corporation.

Companies such as Altra Industrial Motion Corp., AECOM, Champion Controls Inc., Eaton Corporation Plc., and Electro Hydraulic Machinery Co. support several operating functions related to flexible bridges in the country. In order to gain a higher revenue share and strengthen their customer base, majority of the companies are involved in mergers and acquisitions to improve their supply chain management.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Country scope

U.S.

Report coverage

Revenue forecast, details of key companies upgrading bridge infrastructures, competitive landscape, growth factors, and trends

15% free customization scope

(equivalent to 5 analyst working days)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.


Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends from 2015 to 2025 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the U.S. heavy movable bridges market report on the basis of end use and state:

  • End-Use Outlook (Revenue, USD Million, 2015 - 2025)

    • Public/Government

    • Privately-owned

  • State Outlook (Revenue, USD Million, 2015 - 2025)

    • Connecticut

    • Florida

    • Illinois

    • New York

    • New Jersey

    • North Carolina

    • Texas

    • Others

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified