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Tunnel Global Market Report 2025: Strong Growth, Rising Road Traffic Driver, and Technological Advancements Lead the Way
Tunnel Global Market Report 2025
What Is The Projected Market Size Of The Tunnel Global Market Report 2025 And Its Growth Rate?
The tunnel market has seen robust growth in recent years with significant contributions from various sectors:
• The market size grew from $27.11 billion in 2024 to an expected $28.89 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.6%.
• Factors attributing to the growth during this period were urbanization, infrastructure development, environmental concerns, and regulations, among others.
• The market is expected to leap to $37.78 billion in 2029 at a CAGR of 6.9%.
• The future growth will be driven by factors like renewable energy infrastructure, smart infrastructure integration, and high-speed rail projects, etc.
What Is Driving The Growth In The Tunnel Global Market Report 2025?
The steep rise in road traffic is the primary driver for the growth of the tunnel market. Road traffic involves the movement of vehicles and pedestrians on public roads. Constructing tunnels offer better usage of underground space, rerouting of traffic from city centres, and reducing major landscape changes due to construction. The growth in driving hours due to traffic delays underscores the increasing need for effective infrastructure, like tunnels, to manage the rise in road traffic.
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Who Are the Key Players Driving Tunnel Global Market Report 2025 Growth?
The significant companies operating in the tunnel market include the following:
- China Railway Construction Corporation Limited
- Bouygues Construction
- Shanghai Construction Group Co., Ltd.
- Vinci Construction
- Larsen & Toubro Limited
- Bechtel Corporation
- Strabag SE, Skanska AB
- Obayashi Corporation
- Kiewit Corporation
- AECOM, Acciona, S.A.
- Taisei Corporation, Balfour Beatty plc
- Webuild S.p.A. (formerly Salini Impregilo)
- Sacyr, S.A., PORR AG, Tutor Perini Corporation
- Aecon Group Inc., Granite Construction Incorporated
- Hatch Ltd., Systra Group, McConnell Dowell Corporation
- Dragados USA Inc., 3TI Progetti S.p.A., Aktor S.A., ACS Group
- Eiffage S.A.
What Are The Key Trends In The Tunnel Global Market Report 2025?
Key trends in the forecast period include:
• Technological advancements in tunneling
• Tunnel boring machine (TBM) innovation
• Focus on sustainability, resilience and security
• Digitalization and building information modeling (BIM)
What Are The Segments Of The Global Tunnel Global Market Report 2025?
The tunnel market covered in this report is segmented as follows:
1) By Tunnel Type: Railway Tunnel, Highway And Roadway Tunnel
2) By Material: Steel, Concrete, Composite Material
3) By Application: Commercial Construction, Government Construction
Which Region Leads The Tunnel Global Market Report 2025?
North America was the largest region in the tunnel market in 2024. Europe is predicted to be the fastest-growing region in the global tunnel market report during the forecast period. The report provides insights for regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Tunnel Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Tunnel Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tunnel Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tunnel Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tunnel Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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