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.
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.
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.
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.
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.
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, the majority of the companies are involved in mergers and acquisitions to improve their supply chain management.
Report Attribute |
Details |
Market size value in 2020 |
USD 2,721.0 million |
Revenue forecast in 2025 |
USD 4,665.6 million |
Growth Rate |
CAGR of 13.0% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
End use and state. |
Country scope |
U.S. |
Key companies profiled |
Altra Industrial Motion Corp.; AECOM; Champion Controls Inc.; Eaton Corporation Plc.; Electro Hydraulic Machinery Co.; Hardesty & Hanover; HDR; HNTB Corporation; Modjeski and Masters; Panatrol; Scot Forge; and Steward Machine Co. Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."
The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold. On similar lines, the HVAC industry has been adversely affected by the COVID-19 outbreak due to the shutting down of several component manufacturing facilities across China, European countries, Japan, and the U.S. This has consequently led to a significant slowdown in the production of HVAC equipment. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also pegged back the consumer demand for HVAC equipment. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.