Global tunnels and metro market is anticipated to grow at a considerable CAGR of 9.9% during the forecast period (2024-2031). A major factor supporting the growth of the market is rapid urbanization. As the global population continues to migrate to urban areas at an unprecedented rate, cities face escalating challenges related to transportation congestion, pollution, and infrastructure strain. Metro systems and tunnels offer efficient, sustainable solutions to address these urbanization pressures by providing high-capacity transit options that reduce reliance on private vehicles and alleviate traffic congestion. Additionally, governments worldwide are investing heavily in expanding and modernizing urban transit infrastructure to meet the growing demand for reliable and eco-friendly transportation, further driving the growth of the global tunnel and metro market.
Browse the full report description of “Tunnel and Metro Market Size, Share & Trends Analysis Report by Ventilation type (Axial Flow Fans, Jet Fans and Centrifugal fans), and by Application (Tunnel and Metro) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/tunnel-and-metro-market
Looking towatds growing market demand in February 2024, Prime Minister Narendra Modi inaugurated the country's longest transportation tunnel on the Udhampur-Srinagar-Baramulla Rail Link (USBRL) during the launch of the first electrified trains in the Kashmir valley. The 12.77-km-long tunnel, known as T-50, is part of the 48.1-km Banihal-Khari-Sumber-Sangaldan section that virtually flagged off two electrified trains, marking a significant milestone in the region's transportation infrastructure.
Further, in 2023 the Chennai metro saw a notable increase, adding three crore new passengers in 2023, with daily footfall reaching 2.5 lakhs. With 16 operational systems spanning 895 kilometers, including the expansive Delhi Metro, India's metro networks continue to play a crucial role in addressing urban transportation needs.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Ventilation Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes ABB Ltd., Epiroc AB, Chart Industries, Inc., Kruger Ventilation Industries Asia Co., Ltd., Twin City Fan, and others.
Key questions addressed by the report.
Global Tunnels and Metro Market Report Segment
By Ventilation Type
By Application
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
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