Lane management strategies are vital for solving traffic congestion and improving transportation efficiency in metropolitan corridors. These corridors, which facilitate economic and social interactions by connecting major urban areas, face significant challenges such as congestion, environmental concerns, and the need for sustainable growth. Effective lane management involves techniques such as HOV lanes, HOT lanes, reversible lanes, and dynamic toll pricing, which have been implemented worldwide. This study addresses the questions ‘What are the benefits and limitations of lane management strategies in metropolitan corridors?’ and ‘When should decision-makers consider implementing lane management strategies in a metropolitan corridor?’ This paper aims to evaluate lane management strategies to increase the multimodal efficiency of metropolitan corridors. A systematic literature review of case studies reveals that while these strategies significantly reduce congestion and emissions, they also face road safety, compliance, and public resistance issues. In addition, gaps in existing research on metropolitan corridors and lane management will be identified, and areas for future research are proposed. The impacts of new societal trends and evolving urban planning concepts are examined. The study highlights the need for adaptive planning and innovative solutions.