North America Transportation Infrastructure Market Set to Surpass Valuation of USD 288.6 Billion By 2032, at 3.5% CAGR: Astute Analytica [Yahoo! Finance]
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Source: Yahoo! Finance
While funding gaps persist, the market exhibits strong growth potential driven by government initiatives and a focus on sustainability. New Delhi, April 09, 2024 (GLOBE NEWSWIRE) -- According to the latest research by Astute Analytica, the North America transportation infrastructure market is projected to reach US$ 288.6 billion by 2032, up from US$ 211.8 billion in 2023, at a CAGR of 3.5% during the forecast period 2024–2032. In the US, there are a staggering 4.4 million lane miles of roads. Unfortunately, a significant 11.2% of US bridges are rated deficient or functionally obsolete, while traffic congestion costs each driver an average of $1,348 annually. Canada also places heavy reliance on roads, though their network is in slightly better condition, with 68% of paved roads being in good condition. However, just like in the US, vehicle theft remains an issue, with a rate of 2.24 thefts per 1,000 vehicles. Public transit in the US transportation infrastructure market sees a dai
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