Tunnel and metro market is anticipated to grow at a considerable CAGR of 9.9% during the forecast period (2024-2031). Tunnel and metro industry involve construction and maintenance of tunnels for various purposes, while the global metro market pertains to urban railway systems, including infrastructure and operations.
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Rapid urbanisation, congestion, environmental concerns, and government investments in metro cities drive growth in tunnel and metro markets. For instance, in March 2024, Kolkata inaugurated India’s inaugural underwater metro tunnel,spanning 520 meters beneath the Hooghly River, the tunnel connects the Howrah Maidan-Esplanade section of the East-West corridor, positioning Kolkata among global cities with underwater metro systems that are scheduled for trains every 12 minutes, the corridor will link Salt Lake City with Howrah, enhancing urban connectivity. With a budgetary allocation of Rs 2,550 crore for FY 2023-24, Kolkata’s metro expansion.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Tunnels and Metro Market Report Segment
By Ventilation Type
- Axial Flow Fans
- Jet Fans
- Centrifugal fans
By Application
- Tunnel
- Metro
Global Tunnels and Metro Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global tunnel and metromarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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