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The rising number of automobiles on the road is likely to spur innovation in bridge and tunnel construction, propelling the market over the forecast period.

The global bridges and tunnels market 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 global bridges and tunnels market is expected to reach $191.41 billion in 2027 at a CAGR of 6.8%.

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Global Bridges And Tunnels Market Segments Include:

• By Type: Tunnel, Bridge
• By Material: Steel, Concrete, Composite Material
• By Application: Commercial, Government
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global bridges and tunnels market in 2021.

Major Market Players in the bridges and tunnels market include China Railway Construction Corporation Limited, 3TI Progetti S.p.A., Hatch Ltd., Acciona S.A., Copasa Group, Dragados USA Inc., Aktor SA, Abertis Infrastructures S.A.

Technological advancement is a key trend that is gaining traction in the bridges and tunnels industry. Major players in the bridges and tunnels industry are focusing on providing novel solutions to increase their market position. For example, in January 2023, Acciona, S.A., a Spanish construction and infrastructure company, launched Digitunnel, a real-time technology to give better control and ensure progress in tunnel construction projects. This technology is a solution that collects and aggregates massive amounts of real-time data generated on the job site, transforming it into information that is relevant and accessible to all stakeholders. This invention provides real-time project status updates, enhances worker safety, and considerably reduces the requirement for human management and paperwork. Furthermore, this system will instantly detect any potentially hazardous gases in the tunnel, increasing worker safety.

The Bridges And Tunnels Global Market Report 2023 provides a bridges and tunnels market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bridges and tunnels market forecast analyzes bridges and tunnels market size, bridges and tunnels market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Bridges and tunnels refer to long-term, continuous transportation infrastructure constructions. A bridge is a structure that spans a river, road, walk, railway, etc, and a tunnel is an artificial underground passage, especially one built through a hill or under a building, road, or river.

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