The Bridges And Tunnels Global Market Report 2023, provides comprehensive information on the bridges and tunnels market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Bridges And Tunnels Global Market Report 2023, the market size is expected to grow from $135.99 billion in 2022 to $147.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bridges and tunnels market is expected to reach $191.41 billion in 2027 at a CAGR of 6.8%.
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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.
The bridges and tunnels market is segmented:
1) By Type: Tunnel, Bridge
2) By Material: Steel, Concrete, Composite Material
3) By Application: Commercial, Government
Asia-Pacific was the largest region in the bridges and tunnels market in 2022.
The table of contents in TBRC’s bridges and tunnels market report includes:
- Executive Summary
- Bridges And Tunnels Market Characteristics
- Bridges And Tunnels Market Trends And Strategies
- Bridges And Tunnels Market – Macro Economic Scenario
- Bridges And Tunnels Market Size And Growth
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- Africa Bridges And Tunnels Market
- Bridges And Tunnels Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Bridges And Tunnels Market
- Bridges And Tunnels Market Future Outlook and Potential Analysis
- Appendix
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