Product Code: 72533
The European transportation infrastructure construction market is expected to register a growth rate of over 2.4% during the forecast period, 2022-2027.
COVID-19 had a significant impact on the European construction sector in 2020. But the pandemic had the least impact on infrastructure construction, which had a positive outlook in 2021. The Italian government decided to use a large portion of the EU recovery fund to invest in transportation infrastructure. Construction of the Turin-Lyon high-speed railway line was budgeted at over USD 1.15 billion, while the Palermo-Messina-Catania railway line was budgeted at USD 5.16 billion.
From 2019 to 2020, Romania had the highest growth rate of 19.2% in the market, and the second-highest growth rate was Germany, at 7.3%.
In 2020, companies VINCI SA and ACS Construction Group generated the highest revenue of USD 48.4 billion and USD 38.5 billion, respectively.
Germany generated revenue worth USD 423.9 billion, followed by the United Kingdom, worth USD 348 billion in 2020.
Key Market Trends
Growth of Urban Population
- The rapid growth of continuing urbanization is a major driver of transportation infrastructure investment. As per the World Bank, in 2020, the world population reached 7.8 billion.
- In 2000, 70% of the population in Europe lived in urban areas. By 2020, the share of the urban population had reached 75%, and it is expected to reach 80% in 2035.
- As the share of the urban population grows, the growth of transport infrastructure is also required to connect them in the urban areas in Europe.
- In Europe's city centers, public spaces account for between 2 and 15% of the total land area, and their functions are important to relieve the pressures caused by the rising population in a city.
- New transportation infrastructure is required in developing countries to enable population transfer from rural to urban areas. Existing infrastructures in developed countries must be improved to improve resilience, improve the environment, and reduce maintenance costs.
- Companies could use new and emerging technology to improve public services (such as mobility and well-being), interact more effectively with citizens, increase productivity, and solve environmental and sustainability issues.
Growing Passenger Transport Demand
- The public transportation segment is expected to generate USD 111.3 billion in revenue in 2022, with revenue growth of 23.7% from 2021 to 2022.
- Revenue is estimated to witness a CAGR of 4.67% from 2022 to 2026, generating a market volume of USD 133.62 billion by 2026.
- By 2026, the number of people using public transportation is predicted to reach 569.6 million, and user penetration is predicted to reach 67.1% by 2026, up from 60.8% in 2022.
- In 2021, the revenue generated by countries in Southern Europe was USD 19 billion, whereas the revenue generated by Northern Europe countries was USD 7.4 billion.
- Also, in 2020, the number of passenger cars sold was 13.9K, and the sales number is expected to increase up to 16.1K by 2024.
- In 2020, the revenue generated by passenger cars was USD 400 billion, which is estimated to generate USD 474.1 billion by 2024.
- For the transportation infrastructure industry, this interconnectedness of market and regulatory forces are creating priceless opportunities to grow rapidly.
The 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 and remain competitive.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
TABLE OF CONTENTS
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2 RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Value Chain / Supply Chain Analysis
- 4.4 Industry Policies and Regulations
- 4.5 Technological Developments in the Sector
- 4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.7 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
7 FUTURE OF THE EUROPE TRANSPORTATION INFRASTRUCTURE CONSTRUCTION MARKET