Market Size of North America Transportation Infrastructure Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Transportation Infrastructure Construction Market Analysis
- The North American transportation infrastructure construction market is expected to record a CAGR of more than 5% during the forecast period.
- COVID-19 impacted the transportation sector. The impact is in direct and indirect ways, such as reduction in transit services, slowing down of construction works due to social distancing, and disrupted supply chain. However, the sector is recovering and focusing on developments.
- Transportation infrastructure facilitates the movement of public and goods in the country. Furthermore, an increase in urban mobility creates demand for the construction of more transportation projects.
- Roadways are one of the major means of transportation in North America, followed by railways. For instance, the US government has financed more than 300,000 miles (483,000 km) of transcontinental highways, including more than 40,000 miles (64,000 km) of limited-access multilane roads. Canada offers a coast-to-coast route, while Mexico's highways link the countries.
- The transportation infrastructure is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. This factor resulted in uninterrupted transit and freight services directly contributing to the region's economy.
North America Transportation Infrastructure Construction Industry Segmentation
The transportation infrastructure construction market includes a wide range of construction activities, including the reformation of the existing constructions, the building of new infrastructures, and the extension or demolition of projects. The North American transportation infrastructure construction market is segmented by mode (roadways, railways, marine, and airways) and country (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast in value (USD billion) for all the above segments.
| By Mode | |
| Roadways | |
| Railways | |
| Marine Transportation | |
| Airways |
| By Country | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Transportation Infrastructure Construction Market Size Summary
The North American transportation infrastructure construction market is poised for significant growth, driven by modernization efforts and increased urban mobility demands. The sector, which includes roadways, railways, and public transit systems, is recovering from the disruptions caused by the COVID-19 pandemic. Investments are being channeled into extending and improving existing infrastructures, such as roads, rails, and airports, to enhance transit and freight services. The region's economy benefits directly from these developments, with major projects underway in the United States, Canada, and Mexico. The U.S. government, for instance, has made substantial investments in transcontinental highways and public transport infrastructure, while Canada and Mexico are also focusing on long-term transportation projects to improve connectivity and safety.
The market is moderately consolidated, with major industry players dominating the landscape, leaving limited opportunities for smaller entities. Key companies such as Kiewit Corporation, VINCI Construction, and Obrascon Huarte Lain SA are actively involved in large-scale projects across the region. Recent initiatives include the U.S. Bipartisan Infrastructure Deal, which allocates significant funds for public transport improvements, and various highway projects in Mexico. These efforts are complemented by plans in Canada for sustained investment in public transportation over the next decade. The focus on modernizing public transit services, delivering low-emission vehicles, and enhancing safety measures underscores the commitment to developing a robust and efficient transportation infrastructure in North America.
North America Transportation Infrastructure Construction Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.3 Government Regulations and Initiatives
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1.4 Supply Chain/Value Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.6 Technology Snapshot and Digital Trends
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1.7 Modernization of the Transportation Infrastructure Sector
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1.8 Impact of COVID-19 on the Market
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1.9 Major Infrastructure Development Projects
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2. MARKET SEGMENTATION (Market Size by Value)
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2.1 By Mode
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2.1.1 Roadways
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2.1.2 Railways
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2.1.3 Marine Transportation
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2.1.4 Airways
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2.2 By Country
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2.2.1 United States
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2.2.2 Canada
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2.2.3 Mexico
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2.2.4 Rest of North America
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North America Transportation Infrastructure Construction Market Size FAQs
What is the current North America Transportation Infrastructure Construction Market size?
The North America Transportation Infrastructure Construction Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Transportation Infrastructure Construction Market?
Kiewit Corporation, VINCI Construction, Kraemer North America, OBRASCON HUARTE LAIN SA (OHLA) and ACS, Actividades de Construcción y Servicios SA are the major companies operating in the North America Transportation Infrastructure Construction Market.
