Europe Transportation Infrastructure Construction Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 219.56 Billion |
| Market Size (2029) | USD 279.58 Billion |
| CAGR (2024 - 2029) | 4.14 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Transportation Infrastructure Construction Market Analysis
The Europe Transportation Infrastructure Construction Market size is estimated at USD 219.56 billion in 2024, and is expected to reach USD 279.58 billion by 2029, growing at a CAGR of 4.14% during the forecast period (2024-2029).
• The European transportation infrastructure market has observed significant growth and investments over the years, driven by factors such as population growth, urbanization, economic development, and the need for efficient transportation networks. In terms of road infrastructure, many European countries have been investing in expanding and improving their road networks. This includes the construction of new highways, bridges, and tunnels, as well as the rehabilitation and maintenance of existing roads.
• High-speed rail networks such as the TGV in France and the ICE in Germany have revolutionized travel by providing fast and efficient connections between major cities. To ensure future-proofing of inland waterway transport, infrastructure will be upgraded along the cross-border waterways connecting France and Belgium and inland ports along the Danube and Rhine basins (Vienna, Andernach).
• In order to further enhance the safety and interconnectivity of rail transport in the EU, the ERTMS will be implemented on trains and rail lines in the Czech, Danish, German, French, Austrian, and Slovakian Member States. On the roadside, several Member States will implement ITS, particularly cooperative ITS ( C-ITS), to ensure safer and more effective transport. A number of Member States will receive support for European Air Traffic Management projects to improve air transport efficiency and contribute to the Single European Sky.
Europe Transportation Infrastructure Construction Market Trends
Increasing investments in the Transport Infrastructure Segment
In the coming years, Germany is set to witness a surge in its infrastructure growth, driven by increased government spending on transport and broadband initiatives. Moreover, the government's emphasis on structural reforms to enhance public investment access will further bolster this growth.
As part of the 2030 FTIP, Germany's federal government has earmarked a substantial USD147.6 billion for the country's road infrastructure from 2016 to 2030. Out of this, around USD 74.4 billion has been allocated for structural maintenance and infrastructure replacements.
However, there is room for improvement as Germany's road network slipped to 16th in the World Economic Forum's Global Competitiveness Report. To address this, Germany plans to invest a staggering EUR 269.6 billion (USD 299.6 billion) by 2030 to revamp and interconnect its transport infrastructure. Experts caution that Germany risks lagging behind its global peers without such investments.
Highlighting the significance of public funding, the IIC reports that the public sector will directly finance 57.4% of the upcoming construction projects. This heightened infrastructure spending by the German government is expected to bolster the economy and spur business investments.
Poland's commitment to transportation development remains robust. Entities like the General Directorate of National Roads and Motorways (GDDKiA), Polish Railway PKP S.A., Polish Railway Networks (PKP-PLK), Ministry of Economic Development and Technology, and Ministry of Infrastructure spearhead nation-wide or regional projects. Local governments also handle infrastructure initiatives for their respective communities. Several highway, railway, and inland waterway endeavors qualify for EU funding.
In recent years, a standout trend in Poland's transportation landscape has been the swift rise of Intelligent Transport Systems (ITS). These solutions are pivotal to the nation's highway and road infrastructure. As part of the ongoing EU funding program (2014-2023, extending to 2025), the government has earmarked USD 17.5 billion for railway infrastructure and USD 36.6 billion for road infrastructure.
Increasing Infrastructure Developments in France
One of France's main drivers of the infrastructure construction market is the country's commitment to sustainable development and environmental protection. The pressing and rather urgent need for reducing carbon emissions and increasing consumer awareness of climate change are among the primary driving forces behind the rapid growth in the public transportation market.
Additionally, developments in the public transportation sector, such as the widespread adoption of electric buses and trains that are more cost-effective when compared to owning and maintaining a private vehicle, are further encouraging market growth.
Public transport systems provide an equitable and affordable solution for traveling in urban areas to individuals who can not afford or prefer not to bear the expenses associated with private vehicle ownership, which is serving as another significant growth-inducing factor.
In June 2023, Line 10, a conventional tramway similar to Line 9, which debuted in 2021, was inaugurated. Line 10 traverses the inner-suburban region of the department, characterized by a moderate population density as per regional benchmarks.
The Societe du Grand Paris (SGP) is spearheading the Grand Paris Express, the largest transportation endeavor in Paris, France. Once completed, this ambitious project will cater to a staggering three million residents daily. The initiative encompasses the expansion of Line 14 and the construction of four cutting-edge automatic Lines. The construction of these new lines will be phased, culminating in 2030.
With a hefty price tag of EUR 36.1 billion (approximately USD 47.7 billion), the Grand Paris Express is a joint effort. The French Government, via SGP, is shouldering 30% of the investment, while local authorities are financing the remaining 70% through earmarked taxes, subsidies, and loans. Beyond its financial implications, the project holds immense promise for Parisian commuters. By offering swift and comfortable access to the city's attractions and amenities, the Grand Paris Express is set to revolutionize travel within the capital. Furthermore, it is projected to slash carbon dioxide emissions by a staggering 14.2 million tonnes by 2050.
Europe Transportation Infrastructure Construction Industry Overview
The European transportation infrastructure construction market is relatively fragmented, with a large number of local players, including VINCI, ACS Construction Group, Bouygues, HOCHTIEF, and Eiffage.
The demand for sustainability and technological advancements in the transport infrastructure market is increasing, and companies in the region are expected to adopt them and remain competitive.
The European Commission has supported Cellnex with six projects to improve 5G infrastructure in transport corridors. Cellnex will support the roll-out of 5G infrastructure across Europe, including the deployment of a Neutral Host Vehicle to Infrastructure (NHF to IHI) communications network for security and non-security services in four cross-border transport corridors (Portugal, Spain, and France).
Europe Transportation Infrastructure Construction Market Leaders
VINCI
ACS Construction Group
Bouygues Construction
HOCHTIEF
Eiffage
*Disclaimer: Major Players sorted in no particular order
Europe Transportation Infrastructure Construction Market News
December 2023: An Eiffage-led consortium secured a significant EUR 2.54 billion (USD 2.75 billion) contract from the SGP (Société d'Études du Grand Paris) to build a segment of Line 15 in the eastern part of the Paris metro. Eiffage will oversee the design and construction of this Line 15 stretch, spanning from Bobigny (Bouquais-Picasso) to Champigny (Centre), with an anticipated inauguration in 2031.
July 2023: The European Commission has awarded over EUR 6 billion (USD 6.41 billion) in grants from the Connecting Europe Facility (CEF) to 107 transport infrastructure projects. These projects, primarily focused on railways, inland waterways, and maritime routes, aim to enhance the efficiency, sustainability, and intelligence of the trans-European transport (TEN-T) network. Some of these initiatives will also strengthen the EU-Ukraine Solidarity Lanes, which were established to streamline Ukraine's trade flows.
Europe Transportation Infrastructure Construction Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS DYNAMICS
4.1 Current Market Scenario
4.2 Market Overview
4.3 Market Dynamics
4.4 Drivers
4.4.1 Development of sustainable and energy-efficient transportation infrastructure
4.4.2 Growth in demand for new road and railway construction projects
4.5 Restraints
4.5.1 Funding is a major challenge for infrastructure construction and maintenance
4.5.2 Europe's transport network is vulnerable to climate change
4.6 Opportunities
4.6.1 Increase in infrastructure spending
4.7 Value Chain / Supply Chain Analysis
4.8 Industry Attractiveness - Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Buyers/Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitute Products
4.8.5 Intensity of Competitive Rivalry
4.9 Industry Policies and Regulations
4.10 Technological Developments in the Sector
4.11 Impact of COVID - 19 on the Market
5. MARKET SEGMENTATION
5.1 By Mode
5.1.1 Roads
5.1.2 Railways
5.1.3 Airways
5.1.4 Waterways
5.2 By Country
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Netherlands
5.2.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 VINCI SA
6.2.2 ACS Construction Group
6.2.3 Bouygues Construction
6.2.4 HOCHTIEF
6.2.5 Eiffage SA
6.2.6 Skanska AB
6.2.7 STRABAG SE
6.2.8 Colas SA
6.2.9 KazMunayGas NC JSC
6.2.10 Tatneft PJSC*
- *List Not Exhaustive
6.3 Other Companies
7. FUTURE OF THE MARKET
8. APPENDIX
Europe Transportation Infrastructure Construction Industry Segmentation
Transportation infrastructure is referred to as the framework that facilitates the transportation system. Roads, railways, ports, and airports are all part of it. Daily, transportation infrastructure connects people to jobs, health care, education, etc. It makes it easier to provide and receive goods and services worldwide.
The European transportation infrastructure construction market is segmented by mode (roads, railways, airways, and waterways) and country (Germany, United Kingdom, France, Spain, Italy, the Netherlands, and the Rest of Europe). The report offers market size and forecast values (in USD) for all the above segments.
| By Mode | |
| Roads | |
| Railways | |
| Airways | |
| Waterways |
| By Country | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Italy | |
| Netherlands | |
| Rest of Europe |
Europe Transportation Infrastructure Construction Market Research FAQs
How big is the Europe Transportation Infrastructure Construction Market?
The Europe Transportation Infrastructure Construction Market size is expected to reach USD 219.56 billion in 2024 and grow at a CAGR of 4.14% to reach USD 279.58 billion by 2029.
What is the current Europe Transportation Infrastructure Construction Market size?
In 2024, the Europe Transportation Infrastructure Construction Market size is expected to reach USD 219.56 billion.
Who are the key players in Europe Transportation Infrastructure Construction Market?
VINCI, ACS Construction Group, Bouygues Construction, HOCHTIEF and Eiffage are the major companies operating in the Europe Transportation Infrastructure Construction Market.
What years does this Europe Transportation Infrastructure Construction Market cover, and what was the market size in 2023?
In 2023, the Europe Transportation Infrastructure Construction Market size was estimated at USD 210.47 billion. The report covers the Europe Transportation Infrastructure Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Transportation Infrastructure Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Transportation Infrastructure Construction Industry Report
Statistics for the 2024 Europe Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Transportation Infrastructure Construction analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
