Press release
Tunnel & Bridge Market is expected to grow at a CAGR of 11.9% during the forecasted period | Evolve Business Intelligence
• The global Tunnel & Bridge Market size was valued at USD 355.09 Million in 2022 growing at a CAGR of 11.9% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Tunnel & Bridge Market size accounted for USD 355.09 Million in 2022, growing at a CAGR of 11.9% from 2023 to 2033. The Tunnel & Bridge Market encompasses the planning, design, construction, and maintenance of tunnels and bridges. It includes infrastructure projects such as road and rail tunnels, pedestrian tunnels, and various types of bridges, including suspension, arch, and beam bridges. This market is driven by the need for efficient transportation infrastructure, urban development, and the upgrading of existing structures. Key players in the Tunnel & Bridge Market contribute to the implementation of innovative engineering solutions, safety measures, and sustainable construction practices to meet the demands of growing urbanization and transportation needs globally.
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The Tunnel & Bridge Market is driven by the increasing demand for efficient transportation infrastructure worldwide. Urban development and the need for upgrades and expansions propel this market, with a focus on innovative engineering solutions and sustainable construction practices.
Key Players
Some of the major Tunnel & Bridge Market players holding high market shares include John Bean Technologies (JBT) Corporation, ShinMaywa Industries Ltd,ThyssenKrupp AG and Adelte Group S.L. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include John Bean Technologies (JBT) Corporation, ShinMaywa Industries Ltd,ThyssenKrupp AG, Adelte Group S.L., China International Marine Containers Co. Ltd., UBS Airport Systems Co., PT Bukaka Teknik Utama Tbk, Mitsubishi Heavy Industries Ltd., Airport Equipment (Division of J&D McLennan), Vataple Machinery Co. Ltd., HÜBNER GmbH & Co. KG, FMT Sweden and Ameribridge, Inc.
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Segmental Analysis
Based on Model Type, the Tunnel & Bridge market is segmented into Telescopic Bridges, Apron Drive Bridge, Dual Boarding Bridge System, Commuter Bridge, Over-the-wing Bridge, Nose-loader Bridge and T-Bridges.
Based on Structure, the Tunnel & Bridge market is segmented into Steel-walled Boarding Bridge, Glass-walled Boarding Bridge and Glass-steel-walled Boarding Bridge.
Based on Foundation, the Tunnel & Bridge market is segmented into Fixed Boarding Bridge and Movable Boarding Bridge.
Based on Tunnel Type, the Tunnel & Bridge market is segmented into Air-conditioned Tunnel and Non Air-conditioned Tunnel
Based on Docking Type, the Tunnel & Bridge market is segmented into Manual Docking System and Intelligent Docking System
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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