Tunnel Construction Project Insights and Analytics (Q1 2024)
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Tunnel Construction Projects Report Overview
The total value of tunnel construction projects is $1.1 trillion in Q1 2024 at all stages of development from announcement to execution. Various governments across the world are restricting investments in public infrastructure to control rising budget deficits. The budget constraints will restrain new investment in tunnel construction, as a substantial proportion of such demand is reliant on the development of public infrastructure.
The tunnel construction projects research report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of thethe projects.
Market Size (Q1 2024) | $1.1 Trillion |
Key Regions | · North America
· North-East Asia · South Asia · South-East Asia · Middle East and North Africa |
Key Funding Mode | · Private
· Public · Public/Private |
Top Projects | Tokyo to Nagoya Maglev Railway Line
· NTA Underground Metro System · Dalian-Yantai Undersea Railway Tunnel · CST Freight Metro Tunnel · · Grand Paris Express Metro Rail |
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Tunnel Construction Projects Segmentation by Regions
The key regions with tunnel construction projects in the pipeline are North America, Northeast Asia, South Asia, and Middle East and North Africa (MENA), among others. In Q1 2024, Western Europe accounted for the highest investment in tunnel infrastructure, followed by North-East Asia.
Western Europe: The largest share of the Western European tunnel construction project pipeline is accounted for by Germany, followed by Switzerland. The combined length of tunnel projects in the Western European pipeline totals 1,734 km. By type, tunnelling works as part of railway developments account for the largest proportion of regional project value, followed by the construction of road tunnels.
Tunnel Construction Projects Analysis by Region, Q1 2024 (%)
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Tunnel Construction Projects by Funding Modes
The key funding modes supporting tunnel construction projects are public, public/private, and private. The public funding mode accounts for the majority share of the tunnel construction projects in Q1 2024.
Tunnel Construction Projects Analysis by Funding Modes, Q1 2024 (%)
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Top Tunnel Construction Projects
The project pipeline includes tunneling works across a multitude of sectors, primarily road and railway development, water and sewerage works, as well as major tunneling associated with power and oil and gas developments. The transport infrastructure sector, which includes the road and rail sectors, dominates the global pipeline of tunnel works.8 A few of the leading contractors involved in the global tunnel construction projects pipeline are:
- Tokyo to Nagoya Maglev Railway Line
- NTA Underground Metro System
- Dalian-Yantai Undersea Railway Tunnel
- CST Freight Metro Tunnel
- Grand Paris Express Metro Rail
Top Tunnel Construction Projects, Q1 2024
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Tunnel Construction Projects- Latest Developments
A few of the latest developments in the tunnel construction projects are:
- In early December 2023, the executive director of “Metropolitan” EAD, Eng. Stoyan Bratoev announced the construction of the extension of Sofia Metro’s third metro line.
- In December 2023, the General Directorate for National Roads and Motorways announced that the 16-kilometer Bolków – Kamienna Góra section under construction is almost 89% completed and will be completed by Q2 2024.
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Tunnel Construction Projects Segmentation
Tunnel Construction Projects Regional Outlook (Value, $ Trillion)
- North America
- Northeast Asia
- South Asia
- Middle East and North Africa (MENA)
- Southeast Asia
- Western Europe
- Eastern Europe
- Latin America
- Australasia
- Sub-Saharan Africa
Tunnel Construction Projects Funding Mode Outlook (Value, $ Trillion)
- Public
- Public/Private
- Private
Scope
- The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region are listed giving country, stage, value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
Reasons to Buy
- Gain insight into the development of the tunnel construction sector.
- Assess all major projects by value, start date, scope and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Frequently asked questions
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What is the total value of the tunnel construction projects in Q1 2024?
The total value of tunnel construction projects is $1.1 trillion in Q1 2024.
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Which region held the largest share of the tunnel construction projects pipeline value in Q1 2024?
Western Europe accounts for the largest share of global tunnel construction projects pipeline value in Q1 2024.
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Which funding mode held the highest share of the tunnel construction projects in Q1 2024?
The public funding mode accounts for the majority share of the tunnel construction projects in Q1 2024.
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