Press release
Bridges And Tunnels Market Share, Growth Trends And Forecast 2033
Bridges And Tunnels Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9642&type=smp
According to The Business Research Company's, The bridges and tunnels market size has grown strongly in recent years. It will grow from $144.19 billion in 2023 to $152.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to urbanization, population growth, maintenance and upgrades, environmental regulations, economic development.
The bridges and tunnels market size is expected to see strong growth in the next few years. It will grow to $195.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to smart infrastructure, sustainable practices, urban planning initiatives, resilience and climate change adaptation, public-private partnerships. Major trends in the forecast period include digitalization and BIM, technological integration for safety, technological advancements, digital twin technology, advanced materials and construction techniques.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/bridges-and-tunnels-global-market-report
Market Drivers and Trends:
The increasing number of automobiles on roads is expected to propel the growth of the bridges and tunnels market going forward. An automobile is a four-wheeled vehicle powered by an internal combustion engine. It is commonly known as a car and is among the most popular modes of transportation. Automobiles are typically transported via bridges and tunnels. Automobiles drive across rivers and through tunnels and bridges to avoid traffic and cross valleys; it makes the journey easy and safe. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the increasing number of automobiles on roads is driving the growth of the bridges and tunnels market.
Technological development is a key trend gaining popularity in the bridges and tunnels market. Major companies operating in the bridges and tunnels market are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Acciona, S.A., a Spain-based construction and infrastructure company, launched its new tunnel technology solution called Digitunnel, a real-time technology to provide better control and ensure progress in the tunnel's construction projects. This technology is a solution that gathers and combines copious volumes of real-time data created at the project site, turning it into information that is useful and accessible to all parties. This invention offers real-time updates on the project's status, improves worker safety, and significantly lessens human control and documentation need. Additionally, this technology will quickly identify any potentially harmful gases in the tunnel, improving worker safety.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, China Communications Construction Company Limited, Bouygues S.A., Hochtief AG, Larsen & Toubro Construction, Kajima Corporation, Bechtel Corporation, Kiewit Corporation, Fluor Corporation, AECOM Technology Corporation, Acciona S.A., Balfour Beatty plc, Bilfinger Berger AG, Aecon Group Inc., Daelim Industrial Co. Ltd., Tutor Perini Corporation, Construcciones y Auxiliar de Ferrocarriles (CAF), Granite Construction Inc., Hatch Ltd., Construction Partners Inc., Copasa Group, Lane Construction Corporation, Dywidag Interbuild GmbH, American Bridge Company, Dragados Inc., ECC Group plc, 3TI Progetti S.p.A., Aktor SA, Abertis Infraestructuras S.A.
Bridges And Tunnels Market 2024 Key Insights:
• The bridges and tunnels market size is expected to see strong growth in the next few years. It will grow to $195.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Rising Automobile Numbers Fueling Growth In Bridges And Tunnels Market
• Technological Advancements Propel Bridges And Tunnels Market Growth
• Asia-Pacific was the largest region in the bridges and tunnels market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9642&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bridges And Tunnels Market Share, Growth Trends And Forecast 2033 here
News-ID: 3789194 • Views: …
More Releases from The Business research company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
