PUBLISHER: Market Research Future | PRODUCT CODE: 1651793
PUBLISHER: Market Research Future | PRODUCT CODE: 1651793
Report on India Tunnelling Market for Transport Market Research by Type (Metro Tunnels, Railway Tunnels, Road Tunnels, And Others), by Tunelling Method (bored tunneling, drill and blast tunneling, cut-and-cover tunnelling, new Austrian tunnelling method (NATM), sequential excavation method, and others), by Project Phase (Design & Planning, Construction, Operation & Maintenance, and Others) by Tunelling Type (Design & Planning, Construction, Operation & Maintenance, and Others), by Depth (shallow tunnels, deep tunnels, and others), by Application (Urban, Rural, and Mountainous) Forecast to 2032
Market Analysis
The India Tunnelling Market for Transport is projected to experience a notable compound annual growth rate (CAGR) of 6.4% throughout the review period.
India's swift urbanization and population expansion have resulted in a heightened demand for effective transportation infrastructure. The government has acknowledged the necessity of improving road connectivity, leading to a substantial increase in road construction initiatives nationwide. Initiatives such as the Bharatmala Pariyojana are designed to enhance the development of national highways and improve rural road connectivity, thereby facilitating the more efficient movement of products and individuals. The rate of highway construction in India has experienced a significant acceleration in recent years. In the year 2020, the average daily construction rate attained a remarkable 36 kilometers per day, representing a substantial enhancement compared to preceding years. This momentum is anticipated to persist, as Union Minister Nitin Gadkari has established an ambitious objective of accelerating the construction rate to 68 kilometers per day by the fiscal year 2022-23. The objective is to complete the construction of a total of 25,000 kilometers of national highways during the fiscal year 2022-2023.
Initiated in October 2017, the Bharatmala Pariyojana represents a premier initiative by the Government of India, designed to improve the efficiency of the transportation of products and individuals throughout the nation. Acknowledging the pressing necessity for enhanced transportation infrastructure, this comprehensive initiative aims to rectify the deficiencies within the national highway network, thereby fostering improved connectivity and stimulating economic development. The primary objective of Bharatmala is to establish a resilient, efficient, and sustainable road infrastructure that not only bolsters the logistics sector but also improves the overall quality of life for citizens.
In India The tunnelling market for transportation is categorized based on several criteria, including type, tunnelling method, project phase, tunnelling type, material, depth, application, and geographical region. The market is categorized into segments, including metro tunnels, railway tunnels, road tunnels, and additional classifications.
Based on the tunneling methodology, the market is categorized into several segments, including bored tunneling, drill and blast tunneling, cut-and-cover tunneling, the New Austrian Tunneling Method (NATM), the sequential excavation method, and additional techniques.
The market is categorized according to project phases, which include design and planning, construction, operation and maintenance, as well as other phases. The market is categorized according to tunneling type into the following segments: soft ground tunneling, hard rock tunneling, mixed ground conditions, and additional categories.
The market is categorized according to material type into concrete, steel, composite materials, and other categories.
The market is categorized according to profundity into three segments: shallow tunnels, deep tunnels, and additional classifications. The market is categorized according to application into three segments: urban, rural, and mountainous. The market is categorized by region into East, West, North, and South India.
Key Participants
Prominent enterprises within this sector include Larsen & Toubro (L&T), Tata Consulting Engineers Limited, Afcons Infrastructure Limited, Tata Projects Limited, among others.