Surface Mounted Segment to Dominate Europe Tunnel Lighting Market during 2021-2028
According to a new market research study on “Europe Tunnel Lighting Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Design, Installation, Type, and Application” is expected to reach US$ 1,063.41 million by 2028 from US$ 748.64 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the Europe tunnel lighting market along with the drivers and restraints pertaining to the market growth. Raised need for road safety is the major factor driving the growth of the Europe tunnel lighting market. However, issues associated with the high price of tunnel lighting system hinder the growth of Europe tunnel lighting market.
The Europe tunnel lighting market is segmented based on design, installation, type, application, and country. Based on design, the tunnel lighting market is sub-segmented into standard and customized. The standard segment dominated the market in 2020 and customized segment is expected to be the fastest growing during the forecast period. Based on installation, the tunnel lighting market is categorized into surface mounted, hanging, recessed/side wall mounted. The surface mounted dominated the market in 2020 and hanging segment is expected to be the fastest growing during the forecast period. Based on type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. The LED lighting segment dominated the market in 2020 and incandescent lighting segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. The mining tunnels segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the market is segmented into Germany, France, Italy, Spain, UK, Sweden, Norway, Denmark, Ireland, and Finland.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus.During the COVID pandemic, Europe was one of the regions that was heavily impacted with stoppage in production of factories in the manufacturing and construction sectors. The industry's employees had a significant impact for a brief time when production was suspended due to social distancing conventions. As government’s emphasis on big infrastructure plans and investments, the tunnel lighting business has gained traction and is constantly moving forward. Furthermore, the industry has taken advantage of this time to close loopholes and impose a specific future. The sales for LED lights are set to rebound in the coming months which will impact the tunnel lighting market as well. The European region has the biggest market in tunnel lighting sector in the world.
Aeon Lighting Technology Inc.; C. & G. CARANDINI, S.A.U.; Cree Lighting; Schréder; Signify Holding (Philips); Siteco GmbH; Thorlux Lighting; and Tungsram among the leading companies in the Europe tunnel lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Tungsram Group agreed to install illumination at the “Tnel de Tresponts” in Catalunya, Spain. The project is the Budapest-based company's sixth tunnel lighting contract in Spain in 2020, a significant accomplishment given the country's economic challenges caused by the coronavirus outbreak
The Europe tunnel lighting market is segmented based on design, installation, type, application, and country. Based on design, the tunnel lighting market is sub-segmented into standard and customized. The standard segment dominated the market in 2020 and customized segment is expected to be the fastest growing during the forecast period. Based on installation, the tunnel lighting market is categorized into surface mounted, hanging, recessed/side wall mounted. The surface mounted dominated the market in 2020 and hanging segment is expected to be the fastest growing during the forecast period. Based on type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. The LED lighting segment dominated the market in 2020 and incandescent lighting segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. The mining tunnels segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the market is segmented into Germany, France, Italy, Spain, UK, Sweden, Norway, Denmark, Ireland, and Finland.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus.During the COVID pandemic, Europe was one of the regions that was heavily impacted with stoppage in production of factories in the manufacturing and construction sectors. The industry's employees had a significant impact for a brief time when production was suspended due to social distancing conventions. As government’s emphasis on big infrastructure plans and investments, the tunnel lighting business has gained traction and is constantly moving forward. Furthermore, the industry has taken advantage of this time to close loopholes and impose a specific future. The sales for LED lights are set to rebound in the coming months which will impact the tunnel lighting market as well. The European region has the biggest market in tunnel lighting sector in the world.
Aeon Lighting Technology Inc.; C. & G. CARANDINI, S.A.U.; Cree Lighting; Schréder; Signify Holding (Philips); Siteco GmbH; Thorlux Lighting; and Tungsram among the leading companies in the Europe tunnel lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Tungsram Group agreed to install illumination at the “Tnel de Tresponts” in Catalunya, Spain. The project is the Budapest-based company's sixth tunnel lighting contract in Spain in 2020, a significant accomplishment given the country's economic challenges caused by the coronavirus outbreak
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Tunnel Lighting market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Tunnel Lighting market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Tunnel Lighting market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Tunnel Lighting Market Landscape
5. Europe Tunnel Lightning Market - Key Market Dynamics
6. Tunnel Lighting Market - Europe Analysis
7. Europe Tunnel Lighting Market Analysis by Design
8. Europe Tunnel Lighting Market Analysis by Installation
9. Europe Tunnel Lighting Market Analysis by Type
10. Europe Tunnel Lighting Market Analysis by Application
11. Europe Tunnel Lighting Market - Country Analysis
12. Impact of COVID-19 Pandemic on Tunnel Lighting Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
- Aeon Lighting Technology Inc.
- C. & G. CARANDINI, S.A.U.
- Cree Lighting
- Schréder
- Signify Holding (Philips)
- Siteco GmbH
- Thorlux Lighting
- Tungsram
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 151 |
| Published | August 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 748.64 Million |
| Forecasted Market Value ( USD | $ 1063.41 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 8 |
