Global Tunnel Market Set to Expand at 5.4% CAGR, Reaching $30.7 Billion by 2027, Driven by Technological Advancements and Rising Demand for Tunnel Construction

DUBLIN, Sept. 19, 2023 /PRNewswire/ -- The "Tunnel Global Market Report 2023" report has been added to  ResearchAndMarkets.com's offering.

The global tunnel market is expected to experience robust growth in the coming years, with projections indicating a rise from $24.65 billion in 2022 to $25.98 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 5.4%.

The market is poised for continued expansion, reaching an estimated $30.70 billion by 2027. This growth is propelled by technological advancements and the increasing demand for tunnel construction.

Tunnels, fully enclosed structures designed for various purposes, play a pivotal role in modern infrastructure development. They serve as essential links on highways and railways, facilitating rapid transit systems while minimizing route length by navigating through natural obstacles such as mountains. The market encompasses different tunnel types, including railway tunnels and highway and roadway tunnels, involving materials like steel, concrete, and composite materials.

Key Market Players:

Leading players in the tunnel market include:

• China Railway Construction Corporation Limited
• Duro Felguera SA
• 3TI Progetti S.p.A
• Hatch Ltd
• Acciona S.A.
• Eaton Corporation plc
• Dragados USA Inc.
• Aktor SA
• Systra Group
• Construction Partners Inc.
• Aecon Group Inc.
• AECOM
• Kiewit Corporation
• Tutor Perini Corporation
• Granite Construction Inc.
• Turner Construction

One of the significant trends in the market is the adoption of technological advancements. Major companies operating in the tunnel sector are embracing innovative solutions to enhance their market positions. For example, Acciona S.A., a Spain-based construction and infrastructure company, introduced 'Digitunnel' in January 2023—a real-time tunnel technology that enhances project control and safety. This technology collects and analyzes real-time data generated at project sites, improving project monitoring and worker safety.

Reasons to Purchase:

1. Global Perspective: Gain a comprehensive understanding with a report covering over 50 geographies.
2. Post-COVID Impact: Understand how the tunnel market has been affected by the pandemic and how it's responding as the impact lessens.
3. Geopolitical Effects: Assess the influence of events like the Russia-Ukraine conflict on agriculture, energy, mineral commodity supply, and their indirect impact on the market.
4. Inflation Impact: Measure how high global inflation is affecting market growth.
5. Regional Strategies: Create strategies tailored to specific regions and countries based on local data and analysis.
6. Growth Segments: Identify segments with growth potential for investment.
7. Competitive Edge: Outperform competitors with forecast data and insights into market drivers and trends.
8. Customer Insights: Understand customer preferences based on the latest market shares.
9. Benchmarking: Evaluate performance against key competitors.
10. Presentation Support: Use reliable data and analysis for internal and external presentations.

Key Attributes:

Key Topics Covered:

1. Executive Summary

2. Tunnel Market Characteristics

3. Tunnel Market Trends And Strategies

4. Tunnel Market - Macro Economic Scenario
4.1. COVID-19 Impact On Tunnel Market
4.2. Ukraine-Russia War Impact On Tunnel Market
4.3. Impact Of High Inflation On Tunnel Market

5. Tunnel Market Size And Growth
5.1. Global Tunnel Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Tunnel Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Tunnel Market Segmentation
6.1. Global Tunnel Market, Segmentation By Tunnel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Railway Tunnel
• Highway And Roadway Tunnel

6.2. Global Tunnel Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Steel
• Concrete
• Composite Material

6.3. Global Tunnel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Commercial Construction
• Government Construction

7. Tunnel Market Regional And Country Analysis
7.1. Global Tunnel Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Tunnel Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/6eusu9

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SOURCE Research and Markets

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