The global tunnel metro market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2022-2028). The increasing awareness about using public transport in a comfortable and efficient way is also driving the growth of the market. The rising roadway traffic globally and the awareness to decrease the load of road traffic are also driving the demand for the tunnel metro market. The increasing price of fossil fuel on the global platform and the decrease in oil reserves are influencing the individual to shift from personal vehicles to public transport. The increasing technological advancement in the tunnel metro is generating new opportunities for the market.
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The Asia-Pacific region is anticipated to hold the major share in the global tunnel metro market. The increasing urbanization, as well as high demographic growth in this region, are boosting the market growth. The changing consumer lifestyle in emerging economic countries and the presence of populous countries, such as China and India are also boosting the growth in this region. The increasing usage of public transport in countries is further boosting the growth of the Asia-Pacific tunnel metro market in the forecast period.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In February 2021, ABB announced the launch of heating, ventilation, and air conditioning that drives technology and ensures sustainable and safe ventilation of Chennai Metro.
- In July 2021, ACCIONA announced the signing of the contract of Sydney Metro West for $1.33 billion. The contract includes the construction of eleven-kilometer twin tunnels, five new stations, and related ancillary facilities.
- In March 2022, New South Wales announced two autonomous tunneling machines for the Sydney Metro West project.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Howden Group, Epiroc, TLT-Turbo, ABB, TWIN CITY FAN, Zitron, ABC CANADA TECHNOLOGY GROUP Ltd., ECE Cogemacoustic, and Systemair AB, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Tunnel Metro Market Report by Segment
By Type
- Fans & Blowers
- Refrigeration & Cooling Systems
- Heating
By Application
- Road Tunnel
- Metro
Global Tunnel Metro Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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