20 Most Walkable Cities in Europe

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In this article, we shall discuss the 20 most walkable cities in Europe. To skip our detailed analysis of the global urban planning and infrastructure industry in 2023 and its relationship with economic development, go directly and see 5 Most Walkable Cities in Europe.

It has been widely known for decades that sound infrastructural development is an absolutely critical predeterminant for stable economic growth and progress. According to a research paper by the Brookings Institution, good infrastructure facilitates seamless trade, powers economic activity, connects workers and ensures their physical and mental wellbeing thereby encouraging maximum output from labor, creates opportunities for struggling communities, and proves to be a reliable safeguard for states in an increasingly volatile natural and geopolitical atmosphere, especially in some of the most walkable cities. The paper outlines that more than sixty million people globally have jobs in fields directly related to infrastructure. From locomotive engineers and electrical power line installers, to road and construction workers, infrastructure jobs account for more than eleven percent of the United States' workforce. According to an estimation by PwC, the global infrastructure industry is well positioned for significant growth, with a current valuation of $2.57 trillion as of 2023. It is projected to reach $3.48 trillion by 2028, at a CAGR of 6.27% during the forecast period 2023-2028. Some of the most prominent players in the global infrastructure industry are Vulcan Materials Company (NYSE:VMC), Eaton Corporation plc (NYSE:ETN), and Brookfield Infrastructure Partners L.P. (NYSE:BIP). To read about more players which are dominating the infrastructure industry in 2023, check out our article on the 10 Best Infrastructure Stocks to Buy Now.

Infrastructure Industry in 2024: Emerging Trends

According to a report by KPMG, 2023 is likely to serve as an inflection point for infrastructural development and economic progress. One of the primary trends emerging within the industry as a shift towards territorialism and the transformation of allegiances. The report highlights that the world is currently seeing a conscious pull away from geopolitical consensus with numerous fracture points now emerging - whether it be on regional lines, political lines, trade lines, or economic lines - and are significantly degenerating the advancements made by globalization. However, there is still some optimism around the fact that infrastructure may be one of those areas where common ground and consensus can still be achieved as people on all sides of the political spectrum can agree that there is a profound requirement for new and improved infrastructure. In a political environment where institutional trust is at its lowest ebb ever, infrastructural development has the potential to be the tissue that connects people and renews their faith in the government. For global infrastructural players like Vulcan Materials Company (NYSE:VMC), Eaton Corporation plc (NYSE:ETN), and Brookfield Infrastructure Partners L.P. (NYSE:BIP), this fracturing to continuously shift allegiances is proving to be an incredibly significant roadblock with traditional supply chains now seeming as the riskier option. Prices seem to be more volatile and regulation much more fragmented. Hence, these infrastructure players are adapting by keeping their new geopolitical and supply chain security lenses on a pivot, and increasing their awareness and adaptability capabilities, especially in relation to the most walkable cities in Europe and America.