Global Tunnel Automation Market Size, Share And Global Trend By Component (HVAC, Lighting & Power Supply, Signalization); Tunnel Type (Railway Tunnels and Highway and Roadway Tunnels); Offering (Hardware, Software, and Services) By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2021-2030Industry: Semiconductors & Electronics
The Global Tunnel Automation Market size was USD 4.3 Billion in 2021 and is projected to reach USD 6.2 Billion by 2030, exhibiting a CAGR of 7.7% during the forecast period. A tendon is a fibrous tissue that is linked to a bone and is strong and flexible. The ligament is a fibrous band of connective fibres that keeps the bones together at the joints and supports the interior organs. The white ligament, which is rich in collagenous fibres, and the yellow ligament, which is rich in elastic fibres, are the two most common forms of ligament. A ruptured tendon is replaced with an artificial tendon, which is a strengthening fabric. Artificial tendons are made out of bio component fibres including polyacrylonitrile, polypropylene, PET (polyethylene terephthalate), and polyNaSS (polyamide sodium sulphate) (sodium styrene sulfonate). A team of researchers from the University of Utah's biomedical department have developed a method for 3D printing human tissue such as ligaments and tendons.
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Implant Type Outlook
The marlex mesh segment is expected to dominate the market share in 2020 of global tunnel automation market owing to increasing understanding of these items is at an all-time high, as is public awareness of celiac disease and other digestive health issues. As a result, the community is shifting and embracing gluten-free dietary choices on a huge scale, owing to the additional health benefits they provide beyond celiac disease prevention and treatment. Bakery is one of the food products segments where wheat flour is consumed in big quantities as a raw material ingredient for binding or manufacture of a variety of products. As a result, having a variety of gluten-free bread products is becoming increasingly important.
Global Tunnel Automation Market Report Coverage
|Market Size in 2021:||USD 4.3 Billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||7.7%|
|2030 Value Projection:||USD 6.2 Billion|
|Historical Data for:||2017 - 2020|
|No. of Pages:||198|
|Tables, Charts & Figures:||119|
|Segments covered:||By Implant Type, By Application, By End User, By Region.|
|Companies Covered:||Johnson Controls International plc, Siemens AG, SICK AG, ABB, Koninklijke Philips N.V., Honeywell International Inc., Eaton Corporation, SWARCO AG, Agidens International NV, Advantech Co. Ltd.|
|Growth Drivers:||1) The marlex mesh segment is expected to dominate the market share 2) The knee injuries segment is expected to dominate the market share|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The knee injuries segment is expected to dominate the market share in 2020 of global tunnel automation market owing to availability of numerous product categories, and frequent shopping destinations are all factors to consider. As a result, the sector has the largest market share by distribution channel in the world and is expected to develop at the fastest rate in the future years. Consumers can choose from a variety of brands and price ranges through the retail sales channel. Furthermore, convenience stores stock the majority of important household and grocery items, making it convenient for customers to shop. Furthermore, the segment's performance is projected to be boosted by greater accessibility and the availability of several convenience stores.
The spine injuries segment is anticipated to emerge as the fastest-growing region of global tunnel automation market over the forecast period owing to increasing mass merchandisers use numerous enticing schemes to attract customers' attention, such as product price discounts, bulk purchase schemes, and so on. Market growth is fueled by mass merchandisers stocking their shelves with free-from goods and specialised product lanes.
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North America is expected to dominate the market share in 2020 of global tunnel automation market. The regional market has benefited from a considerably higher awareness of celiac disease among consumers in the region, as well as their increased desire to eat a healthy diet. According to a report published by Beyond Celiac, a research-driven celiac disease group, around 1% of the US population will be identified with celiac disease by 2020. This aspect has pushed consumers to avoid gluten-related health concerns by switching to gluten-free alternatives. Because bread is one of the most popular goods in the region, people are opting to bake it with gluten-free flours including amaranth, tapioca, sorghum, and others. Furthermore, the transition of the gluten-free baking category into a mainstream segment, as well as changing consumer attitudes toward the free-from category, are expected to support regional market growth. General Mills, The Kraft Heinz Company, and Kellogg's Company are some of the leading participants in the gluten-free food sector in the region, driving growth by offering a diverse range of gluten-free products and developing innovative product innovations to meet changing consumer expectations.
The Europe segment is anticipated to emerge as the fastest-growing region of global tunnel automation market over the forecast period owing to increase in millennial demand and a boom in marketing activity. The expansion of the gluten-free food business in Europe is partly fueled by improvements in distribution networks. This is due to an increase in investments by a number of small and midsized food production firms in emerging countries. Furthermore, factors such as rising consumer desire for convenience, rising disposable income, and changes in consumer behaviour in the region are projected to have a significant impact on the market.
Key Companies & Recent Developments
Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. In addition, product differentiation and developments, as well as service expansion, are projected to help organizations thrive in the market. For instance, in January 2021, Partake Foods launched a multipurpose baking mix that is free of dairy, gluten, and eight main allergens. In July 2021, Kellogg’s launched a new Coco Pop gluten-free cereal to address the increasing demand for gluten-free cereal among consumers in Australia.
Market Segmentation of Global Tunnel Automation Market
List of Companies
- 1. Johnson Controls International plc
- 2. Siemens AG
- 3. SICK AG
- 4. ABB
- 5. Koninklijke Philips N.V.
- 6. Honeywell International Inc.
- 7. Eaton Corporation
- 8. SWARCO AG
- 9. Agidens International NV
- 10. Advantech Co. Ltd.
Based on Offering
Based on Component
- Heating, Ventilation, and Air Conditioning (HVAC)
- Lighting and Power supply
Based on Tunnel Type
- Railway Tunnels
- Highway and Roadway Tunnels
- North America
- Asia-Pacific (APAC)
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
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