Demand for routine bridge inspections is expected to rise four times its current level to reach a market valuation of $6.3 billion by the end of 2029, according to research firm Fact.MR. A push for infrastructure modernization in the Asia-Pacific region the largest share of the market at 35%. — Construction Dive
According to Construction Dive, the need for more bridge inspections will be driven by a combination of aging infrastructure, exposure to damaging environmental conditions, and an increase in traffic volume, all of which speed up the deterioration of bridges. This is expected to raise the demand for the construction of bridges by three times over the next decade.
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