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Bridge & Elevated Highway Construction in Canada Industry Data and Analysis
Bridge and elevated highway construction contractors have enjoyed growth, driven by the pressing need to replace aging infrastructure. Contractors have benefited from large-scale bridge replacement projects like the Pattullo Bridge and the Nisultin Bay Bridge because of their very old age. Federal funding initiatives such as the Investing in Canada Plan, aimed at sustaining infrastructure improvements across the country, have also benefited contractors. The Canada Community-Building Fund has also boosted bridge and elevated highway construction. Industry revenue has been increasing at a CAGR of 8.2% over the past five years to total an estimated $6.1 billion in 2025, including an estimated increase of 1.3% in 2025. It should be noted that this strong CAGR is because of considerable declines in 2020, the start of the five-year period.
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What's included in this industry analysis
IBISWorld's research coverage on the Bridge & Elevated Highway Construction industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Bridge & Elevated Highway Construction industry in Canada operates under the NAICS industry code 23731bCA. This industry consists of companies that primarily engage in the construction of bridges and elevated highways, including new work, reconstruction and repairs. This industry does not include road and highway construction activity. Related terms covered in the Bridge & Elevated Highway Construction industry in Canada include public-private partnership (ppp), shovel-ready, building canada plan (bcp), new building canada plan (nbcp), canadian council for public-private partnerships ( and crown corporation.
What's included in this industry?
Products and services covered in Bridge & Elevated Highway Construction industry in Canada include New construction, Alterations and additions and Maintenance and repairs.
What companies are included in this industry?
Companies covered in the Bridge & Elevated Highway Construction industry in Canada include Aecon and Canam Group.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Bridge & Elevated Highway Construction industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Bridge & Elevated Highway Construction industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Bridge & Elevated Highway Construction industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Bridge & Elevated Highway Construction industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Bridge & Elevated Highway Construction industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Bridge & Elevated Highway Construction industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Bridge & Elevated Highway Construction industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Bridge & Elevated Highway Construction industry in Canada.
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Frequently Asked Questions
What is the market size of the Bridge & Elevated Highway Construction industry in Canada in 2026?
The market size of the Bridge & Elevated Highway Construction industry in Canada is $6.1bn in 2026.
How many businesses are there in the Bridge & Elevated Highway Construction industry in Canada in 2025?
There are 880 businesses in the Bridge & Elevated Highway Construction industry in Canada, which has grown at a CAGR of 7.2 % between 2020 and 2025.
How may import tariffs affect the Bridge & Elevated Highway Construction industry in Canada?
The Bridge & Elevated Highway Construction industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Bridge & Elevated Highway Construction industry in Canada?
The Bridge & Elevated Highway Construction industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Bridge & Elevated Highway Construction industry in Canada grown or declined over the past 5 years?
The market size of the Bridge & Elevated Highway Construction industry in Canada has been growing at a CAGR of 8.2 % between 2020 and 2025.
What is the forecast growth of the Bridge & Elevated Highway Construction industry in Canada over the next 5 years?
Over the next five years, the Bridge & Elevated Highway Construction industry in Canada is expected to grow.
What are the biggest companies in the Bridge & Elevated Highway Construction industry in Canada?
The biggest companies operating in the Bridge & Elevated Highway Construction industry in Canada are Aecon and Canam Group
What does the Bridge & Elevated Highway Construction industry in Canada include?
Constructing, repairing and maintaining bridges and Constructing, repairing and maintaining elevated highways and flyovers are part of the Bridge & Elevated Highway Construction industry in Canada.
Which companies have the highest market share in the Bridge & Elevated Highway Construction industry in Canada?
The company holding the most market share in the Bridge & Elevated Highway Construction industry in Canada is Aecon.
How competitive is the Bridge & Elevated Highway Construction industry in Canada?
The level of competition is high and steady in the Bridge & Elevated Highway Construction industry in Canada.
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