Market Trends of Switzerland Transportation Infrastructure Construction Industry
Population Growth and Urbanization are Driving the Market
The increasing population and urbanization in Switzerland have led to a rise in the demand for efficient transportation infrastructure to support the growing mobility needs of people and goods.
The proportion of mountain roads, bridges, and tunnels has increased significantly, construction difficulty has increased significantly, and safety risks have increased. However, in order to optimize domestic transportation, Switzerland will vigorously build transportation infrastructure.
According to industry sources, in 2022, the total population of Switzerland amounted to around 8.74 million people, with a projection of 8.94 million people by 2025. In 2022, Switzerland’s urban population accounted for approximately 74.09% of the country’s population. However, 2022 still marks the highest urban population share in Switzerland at 74.09%.
For this, Switzerland is setting a budget for major road development work between 2024 and 2027. The Swiss Government intends to spend close to EUR 8 billion (USD 8.57 billion) on developing the country’s road network. Road maintenance works will be carried out on the existing road sections, while expansion and widening works will also be carried out. New road links and overpasses are also planned.
The Swiss Highway 3 is a highway connecting Liechtenstein to Basel, passing through Zurich, and passing through Lake Zurich, known as the "Golden Bank," and Lake Waren, "the quietest lake in Switzerland." Famous glacial lake in Switzerland. In the northeastern part of the Swiss Plateau, it extends southeast from the city of Zurich. The lake is 406 meters above sea level. It is crescent-shaped and extends 29 kilometers from southeast to northwest, with a width of 1-4 kilometers and an area of 88 square kilometers.
Airport Infrastructure Driving the Market
Switzerland is a landlocked country located in central Europe. Foreign tourists accounted for approximately 5.3% of the income generated by exports in Switzerland. This places tourism in the 3rd position of Swiss exports. The Alps are also among the most visited regions. About 60-80 million people visit the Alps each year as tourists. Tourism activities in the Alps generate close to EUR 50 billion in annual turnover.
The busiest airports in Switzerland are Zurich, Geneva, and Basel. Zurich Airport had the lion's share of passengers in 2019, with more than 31.5 million passengers flying from the airport. Following Zurich, Geneva was the second-busiest Swiss airport, with 22.6 million passengers in 2022.
Zurich Airport, the largest international airport in Switzerland, is undergoing a series of developments to meet future air travel demand. Operated by Flughafen Zurich, the international airport is currently carrying out the Zone West project, which mainly aims to improve aviation hangar space. The airport is also expanding the baggage sorting system, constructing a new retail and commercial space called The Circle, expanding landside passenger zones, and developing the nearby Glatt area.
In July 2021, Zurich Airport International signed a shareholder agreement with the Uttar Pradesh government's entity NIAL in Lucknow for the development of the Noida International Airport.
Geneva Airport in Switzerland will officially inaugurate its new East Wing this spring after more than a decade of design and construction. Praised for its green credentials, the new CHF 610m (USD 666 million) East Wing hosted its first flight in December 2021 with an international departure for New York. The glass-walled rectangular facility stretches 520m in length and can accommodate nearly 2,800 passengers an hour at departures and 3,000 at arrivals.
