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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
