U.S. Heavy Movable Bridges Market Detailed Analysis of top Ventures with Regional Outlook 2019-2025 | Grand View Research, Inc.

U.S. Heavy Movable Bridges Market Detailed Analysis of top Ventures with Regional Outlook 2019-2025 | Grand View Research, Inc.

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According to a new report published by Grand View Research, the 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 U.S. heavy movable bridges market

The U.S. heavy movable bridges market size is projected to reach USD 4,665.6 million by 2025 and register a CAGR of 13.0% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to witness growth owing to the increasing infrastructural development across the country.

Heavy movable bridges generally have movable parts that can change position to allow the passage of water and road traffic. Technologies such as automation, remote monitoring, motor controls, and telemetry ensure that the bridges function smoothly, thereby resulting in economic benefits in the long run. The adoption of such technologies to modernize infrastructure to cater to the growing need for connectivity and mobility has become a crucial aspect of urbanization in the country. These factors are expected to contribute to market growth over the forecast period.

Several initiatives have been carried out by the U.S. government in the past few years for building and investing in multi-pronged infrastructure. These initiatives involve the upgrade, improvement, and development of bridges. Moreover, the market is anticipated to mobilize and incentivize private capital as part of its core strategy to complement these initiatives. States such as New York, North Carolina, Illinois, and Florida are expected to be instrumental in improving infrastructure. These factors are expected to cater to the increasing synergy of exports and boost the economic development of the country.

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U.S. Heavy Movable Bridges Market Report Highlights

 The U.S. market is expected to witness growth owing to the rising importance of improved transportation services for both public and commercial purposes

 The increased popularity of heavy movable bridges in the U.S. can be attributed to the mechanical and commercial features benefitting the public and private sector organizations, respectively

 Notable trends such as government initiatives carried out for improving road and water traffic management in various commercially important states are expected to drive market growth over the forecast period

 The public/government segment predominantly owns the bridge infrastructure in the U.S. The government is currently focusing on granting build awards and sanctioning private investments

 The public/government segment is expected to register the highest CAGR over the forecast period owing to increased government funding and related subsidies focused on managing the operations and maintenance of critical infrastructure assets

 Illinois is estimated to emerge as the fastest-growing state in terms of infrastructure growth, registering a CAGR of over 15% over the forecast period. Chicago is considered to have the largest number of movable bridges both in the U.S. as well as globally

 The growing number of movable bridges in Chicago can be attributed to the increasing accessibility of freight movement & public traveling and mobility, which is of key importance for the economic growth of the U.S.

 Key industry participants include in U.S. heavy movable bridges market are National Railroad Passenger Corporation and Subsidiaries (Amtrak), Burlington Northern Santa Fe, LLC (BNSF Railway Company), Canadian National Railway Company, Canadian Pacific, and CSX Corporation

 The abovementioned companies primarily own, operate, or maintain infrastructure across different states in the country.

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U.S. Heavy Movable Bridges Market Segmentation        

Grand View Research has segmented the U.S. heavy movable bridges market on the basis of end use and state:

U.S. Heavy Movable Bridges End-Use Outlook (Revenue, USD Million, 2015 – 2025)

     Public/Government
    Privately-owned

U.S. Heavy Movable Bridges State Outlook (Revenue, USD Million, 2015 – 2025)

     Connecticut
     Florida
     Illinois
     New York
     New Jersey
     North Carolina
     Texas
     Others

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