Overview of the global transportation infrastructure market

Technavio’s market research analyst predicts the global transportation infrastructure market to grow steadily at a CAGR of 3% by 2021. One of the primary drivers for this market is the rapidly aging transport infrastructure across the globe. There are many instances of bridges and roads collapsing under the weight of increasingly heavy vehicular traffic. Urban transport systems, which were built decades ago, can no longer cope with today’s requirements. The problem is compounded by the growing number of natural catastrophes such as earthquakes and landslides, which place a further burden on the infrastructure. Sinkholes swallowing automobiles, bridges collapsing, and water mains bursting and flooding busy streets have become all too common in advanced countries such as the US. To address mounting modernization needs, governments and investors around the globe are pumping large amounts of money into infrastructure projects. As a result, availability and the quality of infrastructure form the core of the several challenges that is rapidly urbanizing cities in developing countries face. This growing demand for better and more efficient infrastructure is expected to propel growth in the global transportation infrastructure market during the forecast period.

One of the latest trends gaining traction in this market is the emergence of green transport in several countries across the globe. Concerns about global warming, increasing fuel prices, and resource depletion have made it imperative to find sustainable transport practices that promise to define a new way of mobility in the future. The challenge is to achieve a transportation system that is resilient, resource efficient, and environment-friendly. It has been found that large trucks and small passenger cars are the major energy users in the transportation sector, this is largely due to high transport volumes and energy intensities. Consequently, major economies are suggesting the adoption of green transport infrastructure, which mainly comprises electric vehicles (EVs), electric motorcycles, rail transport, and mass rapid transit (MRT). For instance, in Australia, the national, state, and local governments are proposing measures to improve and support green transport. This rise in the popularity of green transport is expected to augment growth in the transportation infrastructure market in the coming years.

Competitive landscape and key vendors

The competition in the global transportation infrastructure market has become intense with the emergence of many local players and international players, especially in the developing countries. This competitive environment has compelled several vendors from developing nations to shift their focus to international markets. Also, as a reaction to tight margins, many vendors have recently adopted automated and modernized ways to carry out projects, not only in the design and engineering phase but also in the construction phase.

Leading vendors in the market are –

• ACS Group
• Bechtel
• CK Hutchison Group
• Globalvia Inversiones (GVI)
• VINCI

Other prominent vendors in the transportation infrastructure market include Abeinsa, Abertis, Acciona, Alberici-Flintco, Alstom, Andrade Gutierrez, Anhui Construction Engineering Group, Arabian Construction, Astaldi , Atlantia, Atlas Grup, Babcock & Wilcox Enterprises, BAUER, Bilfinger Berger, BL Harbert International, Bonatti, Bouygues ConstructionC.M.C. di Ravenna Società Cooperativa, Camargo Correa, CB&I, CGCOC Group, China Electric Power Equipment and Technology, China General Technology (Group) Holding, China Geo-Engineering, China Gezhouba Group, China Henan International Cooperation Group (CHICO), China Huanqiu Construction & Engineering, China Jiangsu International Economic and Technical Cooperation Group, China Jiangxi Corporation for International Economic & Technical Cooperation, China Metallurgical Group, China National Machinery Industry, China Nonferrous Metal Industry's Foreign Engineering & Construction, China Railway Construction, China Railway Group, China State Construction Engineering, China Zhongyuan Engineering, Chiyoda, CIMIC Group, Consolidated Contractors Group, Contracting and Trading, CTCI, Daelim Industrial, Daewoo Engineering & Construction, Dongfang Electric, Egis Projects, Eiffage, ELLAKTOR, Ferrovial, Fluor, GS Engineering & Construction, Hyundai Engineering & Construction, Infrastructure Leasing & Financial Services (IL&FS), Jacobs, Jan De Nul Group, JGC, Kajima, Larsen & Toubro, Lendlease Group, M+W Group, Mapa Insaat Ve Ticaret, Meridiam, Nata Construction Tourism Trade & Industry, NCC,  Norinco International Cooperation, NWS Holdings, Obayashi, Obrascon Huarte Lain (OHL), Odebrecht, Odebrecht Engenharia E Construção, Orascom Construction, PCL Construction Enterprises, Petrofac, POSCO Engineering & Construction, Power Construction Corporation of China, Renaissance Construction, Rizzani De Eccher, Royal Bam Group, Royal Boskalis Westminster, Sacyr, Saipem, Salini Impregilo, Samsung C&T, Samsung Engineeringm, Shanghai Construction Group, Sinopec Zhongyuan Petroleum Engineering, SK Engineering & Construction, Skanska, SNC-Lavalin, Società Italiana Per Condotte d’Acqua, STRABAG, Technip, Técnicas Reunidas, Tekfen Construction and Installation, The Arab Contractors (Osman Ahmed Osman), Toyo Engineering, Weihai International Economic & Technical Cooperative (WIETC), XPCC Construction & Engineering (Group), Yapi Merkezi, Yuksel Insaat, Zhejiang Construction Investment Group, Zhingding International Engineering, Zhongmei Engineering Group.

Segmentation by end-user and analysis of the transportation infrastructure market

• Railway
• Urban mass transport
• Airports
• Roads and bridges
• Ports

During 2016, the railway's infrastructure segment dominated the transportation infrastructure market and accounted for a major part of the overall market share. The ability of railway logistic networks to transport people and materials through huge distances is the key contributor to the dominance of this segment in the transportation infrastructure market.

Geographical segmentation and analysis of the transportation infrastructure market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the APAC to dominate the transportation infrastructure market during the forecast period. Factors such as the growth in population, rapid urbanization, and the economic boom in APAC are the key factors attributing to the dominance of the global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global transportation infrastructure market?
• What are the key market trends impacting the growth of the global transportation infrastructure market?
• What are the challenges to market growth?
• Who are the key vendors in the global transportation infrastructure market?
• What are the market opportunities and threats faced by the vendors in the global transportation infrastructure market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global transportation infrastructure market?

Technavio also offers customization on reports based on specific client requirement.