Transportation infrastructure connects individuals to jobs, health services, and education. The transportation infrastructure also facilitates the supply of goods and services around the globe.
A new report forecasts the market will grow, which could offer big opportunities for contractors working in this market. The research shows the global transportation infrastructure market will grow at a rate of three percent during the period 2017 until 2021.
The growth prospects of the global transportation infrastructure market for 2017-2021 are vast. One major market driver is the rise in transportation demand due to globalization. One of the big market trends that are contributing to the growth of the market is the adoption of new technologies.
However, there are several challenges including the under-maintenance of infrastructure. Still, the growth of this particular market will offer an opportunity for contractors to gain projects within the next several years.
