The global Infrastructure market size was around $3.1 Trillion in 2020 and is expected to reach $5.9 Trillion by 2028, growing at a CAGR of around 11%.Infrastructure Industry share By Application,Region,Product Type
The global Infrastructure market accounted for USD 3.1 Trillion in 2020 and is expected to reach USD 5.9 Trillion by 2028, growing at a CAGR of around 11% between 2021 and 2028.
Infrastructure is the facilities and systems that support the sustainable functionality of households and firms. Increased impetus to develop infrastructure in various country is attracting both domestic and international players. The private sector is emerging as a key player across various infrastructure segments, ranging from roads and communications to power and airports. In order to boost the construction of buildings in India, the Government of India has decided to come up with a single window clearance facility to accord speedy approval of construction projects.
Development of highways would be undertaken, including the development of 2,500 km access control highways, 9,000 km of economic corridors, 2,000 km of coastal and land port roads, and 2,000 km of strategic highways. FASTag mechanism encourages greater commercialization of highways, enabling the NHAI to raise more resources. It was proposed to monetize at least 12 lots of highway bundles of over 6,000 km before 2024.
The infrastructure industry is becoming more digitalized, and the use of technology is playing an increasingly essential role in the design, building, and management of infrastructure projects. This trend is expected to continue in the foreseeable future. The following are some of the ways in which technological advancements are influencing the market for infrastructure:
Smart Infrastructure: The integration of sensors, data analytics, and technologies related to the Internet of Things (IoT) is enabling infrastructure to become "smart," with real-time data being collected and analyzed in order to improve decision-making and optimize performance.
Building Information Modeling (BIM): BIM is a digital representation of a building or infrastructure project. It is being used more frequently in the market for infrastructure to improve the planning, design, and construction of projects.
Drones and other unmanned aerial vehicles (UAVs): Drones are being used to inspect and survey infrastructure. This helps to improve the speed and accuracy of the inspection process, while also reducing the need for workers to physically inspect infrastructure. Drones and UAVs are referred to collectively as "drones."
Virtual and Augmented Reality: Virtual and augmented reality technologies are being used in the infrastructure market to simulate and visualize projects. This enables stakeholders to experience a project before it is built and makes it easier for them to make informed decisions about the design and construction processes.
Digital Project Management: The use of digital tools and platforms is enabling businesses operating in the infrastructure market to manage projects in a more effective manner. Real-time data and collaboration capabilities are improving the rate at which projects are completed, while also enhancing their precision.
The expanding use of technology in the market for infrastructure is leading to increased efficiency, cost savings, and sustainability, all of which are helping to shape the industry's future.
The pandemic has been significantly impacted infrastructure development and the global economy. International response to the rapid disruption to infrastructure and construction sectors and industries is ongoing. Infrastructure sector notes provide a quick and short analyses on the impact of the pandemic on different infrastructure sectors while proposing recommendations for an effective response to this global crisis.
The significant decrease in the global Infrastructure market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
Tremendous growth in Infrastructure industry is mainly due to rapidly growing manufacturing sectors and developing services, growing consumer demand and government commitments to recover the economic conditions of rural population and revive the agricultural sector.
Infrastructure sector is well poised to take a big leap, and it presents several investment opportunities for foreign investors from across the world. Infrastructure development reflects the health of the economy of any nation, as infrastructure is directly proportional to the growth and development. Being a rapidly growing nation, India has always given higher importance to the infrastructure sector, and it has received considerable attention from the government as well as private players.
The market for infrastructure presents numerous chances for expansion, including the following:
Government Investment: Governments all over the world are pouring money into various infrastructure projects as a means of fostering economic expansion and producing new employment opportunities. Because of this, businesses will have a lot of opportunities to grow in the infrastructure market.
Emerging markets: As the economies of emerging nations continue to expand, so does the demand for infrastructure to sustain these economies. This creates opportunities for businesses that operate in the infrastructure industry.
Renewable Energy: The transition towards renewable energy sources is giving rise to new infrastructure projects, such as wind and solar farms, which call for the expertise of businesses that specialize in the infrastructure industry.
Technological advancements: The use of new technologies, such as smart infrastructure, is allowing businesses in the infrastructure industry to perform their work in a more efficient and cost-effective manner.
Public-private partnerships (PPPs): PPPs are becoming an increasingly popular way to finance infrastructure projects. Additionally, they offer opportunities for businesses operating in the infrastructure market to participate in the financing, design, construction, and maintenance of infrastructure projects.
In addition to these prospects for expansion, the market for infrastructure is also confronted with constraints, such as limited funding, complex rules, and public opposition to particular projects. Nevertheless, businesses that are capable of successfully navigating these hurdles will be in a strong position to capitalize on the growing prospects in the infrastructure market.
|Infrastructure Market Size Report
|Market Size in 2020
|Market Forecast in 2028
|Compound Annual Growth Rate
|CAGR of 11%
|Number of Pages
|Value (USD Billion), and Volume (Units)
|Key Companies Covered
|Larsen & Toubro, Gammon India, Reliance Infrastructure, Bechtel Group, Inc., China State Construction Engineering Corporation (CSCEC), Fluor Corporation, AECOM, CH2M Hill, Bouygues Construction, Vinci S.A., Hochtief AG, ACS Group, Skanska AB
|By Type,By end-user, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
|North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|2016 to 2020
|2022 - 2030
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Residential/Non-Residential Construction is the largest segment in the infrastructure. Transport infrastructure sector emerged as one of the prominent segments of infrastructure market with 24.58% share of the overall market in 2020. Transport infrastructure includes road, railway, inland water transport, sea and coastal transport and air transport infrastructure.
Regionally, Asia Pacific has been leading the worldwide Infrastructure market and is anticipated to continue on the dominant position in the years to come. Infrastructure spending is closely aligned with GDP growth; annual average global growth is projected to stand at 3.0% in 2016−2020. This comes following a quieter 2011−2015, when global economic growth averaged 2.2%.
The major players operating Infrastructure market are Larsen & Toubro, Gammon India, Reliance Infrastructure, Bechtel Group, Inc., China State Construction Engineering Corporation (CSCEC), Fluor Corporation, AECOM, CH2M Hill, Bouygues Construction, Vinci S.A., Hochtief AG, ACS Group, Skanska AB, etc.
The global Infrastructure Market was valued at USD 3.1 Trillion in 2020.
The global Infrastructure Market is expected to reach USD 5.9 Trillion by 2028, growing at a CAGR of 7.5% between 2021 to 2028.
Some of the key factors driving the global Infrastructure Market growth are rapidly growing manufacturing sectors and developing services, growing consumer demand and government commitments to recover the economic conditions
Asia Pacific has been leading the worldwide Infrastructure market and is anticipated to continue on the dominant position in the years to come.
Some of the major players of global Infrastructure market Bechtel Group, Inc., China State Construction Engineering Corporation (CSCEC), Fluor Corporation, AECOM, CH2M Hill, Bouygues Construction, Vinci S.A., Hochtief AG, ACS Group, Skanska AB, etc.