Despite of the high initial cost of steel, it is still preferred over other construction material such as concrete due to its low requirement for maintenance, longer life; hence, less requirement for replacement. Further, the properties of steel such as light in weight, less construction time, high resistance to extreme environmental conditions due to which steel bridges can withstand natural disasters such as hurricane and earthquakes are believed to supplement the expansion of the Europe steel bridge market in upcoming years.
The Europe steel bridge market accounted for USD 101.5 Billion in 2017 and is predicted to reach USD 131.1 Billion by the end of 2025, by expanding at a CAGR of 3.4% over the forecast period i.e. 2018-2025.
Germany is the highest revenue contributor behind the growth of the Europe steel bridge market and is believed to reach market valuation of around USD 34 Billion by 2025. Further, the Germany steel bridge market is expected to achieve Y-o-Y growth rate of 4.8% in 2025.
The Europe steel bridge market is segmented on the basis of type into through truss bridge, half through truss bridge, deck truss, bow-string trusses and others, out of which, the through truss bridge segment garnered the highest share of around 44% in the region during 2017 and is believed to continue with its positive growth by expanding at a CAGR of 3.7% over the forecast period. Further, the half through truss bridge segment held the second largest share of 33.0% in 2017 and is predicted to observe the growth rate of 1.3x over the forecast period.
The Report titled “Europe Steel Bridge Market Outlook 2025: Industry Insights & Opportunity Evaluation, 2017-2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the Europe steel bridge market which includes profiling of VINCI, Bechtel Corporation, Hochtief AG, Skanska, Balfour Beatty, Bouygues Construction, Ferrovial, Fluor Corporation and AECOM.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Europe Steel Bridge Market Outlook 2025”, analyses the overall steel bridge industry in Europe to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Europe steel bridge market in the near future.