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Pedestrian Bridge Market Size

Report ID: GMI5783
Published Date: May 2023
Report Format: PDF

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Pedestrian Bridge Market Size

Pedestrian Bridge Market size was valued at USD 90 billion in 2022 and is anticipated to grow at a CAGR of 5% between 2023 and 2032. The market has witnessed significant growth due to increased investments in the development of public infrastructure such as roads. Government agencies are constructing pedestrian bridges to allow people to cross-roads safely. The growing urban population and the increasing number of roads will positively influence the market growth. The development of 3D-printed pedestrian bridges is expected to provide growth opportunities and improve the market outlook. Various companies are repurposing old infrastructure, such as windmill blades, to build pedestrian bridges.

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A pedestrian bridge is a structure designed to allow people to walk safely from one location to another without any interference from vehicles. People enjoy walking as it enables them to see places & activities, experience the vibrancy of life, and discover the values & attractions hidden in the urban areas. These bridges also offer easy mobility and safety from crimes. The degree of attractiveness that artificial environments such as pedestrian bridges provide people to reside, live, shop, socialize, and enjoy in the areas is referred to as pedestrian-oriented capability.

Pedestrian Bridge Market Report Attributes
Report Attribute	Details
Base Year:	2022
Pedestrian Bridge Market Size in 2022:	USD 90 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 140 Billion
Historical Data for:	2018 - 2022
No. of Pages:	281
Tables, Charts & Figures:	340
Segments covered:	Type, Construction Type, Material, End-Use
Growth Drivers:	Increasing urbanization and infrastructure development Growing emphasis on pedestrian safety and accessibility Rising tourism and recreation development Growing demand for sustainable transportation
Pitfalls & Challenges:	Cost and budget constraints Regulatory and permitting challenges

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Pedestrian bridges can be costly, particularly for large-scale projects such as construction near industrial facilities, airports, and commercial areas. Truss bridges, beam bridges, suspension bridges, cable-stayed pedestrian bridges, and arch bridges can be expensive depending on the material, design, and installation requirements. Considering the cost of maintenance & repair as well, pedestrian bridges require significant investments from businesses & organizations. Also, businesses & organizations may hesitate to spend on these systems due to financial constraints, thereby impeding the pedestrian bridge market demand.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Pedestrian bridge market size was over USD 90 billion in 2022 and will observe over 5% CAGR between 2023 and 2032, says this GMI report.

Pedestrian bridge market share from the new construction segment will record over 3% CAGR from 2023 to 2032 owing to new projects involving the development of a pedestrian bridge from scratch.

Asia Pacific held a major share in the global pedestrian bridge market and will observe more than 5% CAGR between 2023 to 2032 owing to the high population growth rate and increased urbanization.

ECOM, Arup Group, Contech Engineered Backwoods Bridges LLC, Denton Corker Marshall, Flatiron Construction Corp., Kiewit Corporation, Landmark Products Pty Ltd., Mace Group, Mott MacDonald, Nature Bridges, Skanska AB, and SNC-Lavalin Group Inc.