The Global Tunnel Boring Machine Market reached USD 6.2 billion in 2021 and is expected to grow at a CAGR of 5.80% during the forecast period from 2021 to 2030.
The tunnel boring machine (TBM) is rapidly increasing on account of the surge in private and public investment in infrastructure development and decreased operating time. Excavation with the tunnel boring machine does not generate disturbances in the nearby soil with the security of the worker's personnel.
The major factor propelling the development of the market is the surge in the demand for the surged price of rail and road infrastructure by the private and public companies. Furthermore, the surged need for micro-tunnels for the water management system in the urban fields is anticipated to fuel the development of the global tunnel boring machine market.
The market for tunnel boring machine (TBM) market is mainly propelled by increasing rail and road infrastructure prices. The major reason is to connect the major cities of the country, many times even international, with a minimum travel period.
On the other hand, the high price of installation of TBM and lack of flexibility of TBM is anticipated to slow the development of the tunnel boring machine market. In contrast, the acceptance of substitute procedures of tunneling is envisaged to check the development of the global market.
Conversely, it is anticipated that technical developments through rock cutting technology and automation will produce more opportunities in the predicated time frame, mainly in regions where the terrain is variable and heterogeneous. The increasing approval of these machines in the mining industry is another factor anticipated to create market opportunities for players in the global TBM market.
Major Companies in the Tunnel Boring Machine Market
- May 2020, Shanghai capitalized nearby $38 billion on a new infrastructure scheme for the next 3 years. Furthermore, an increase in acceptance of tunnel boring machines in the mining industry is anticipated to offer lucrative opportunities for the development of the global tunnel boring machine market.
- February 2018, the S776 tunnel boring machine was fixed in Malaysia. An innovative variable density tunnel boring machine was positioned for excavated the 9.5-Km-long twin tunnels of the Sungai Buloh-Kajang Metro Rail Transit (MRT) Line, Malaysia, which helps ~120,000 explorers every day. The machine was considered by Herrenknecht, Germany, which has a developed factory in China.
- July 2019, the land transport authority, (Singapore), rolled out a tunnel boring machine at Keppel MRT station to commence the first stage of tunneling for the circle line stage 6 (CCL6) to widespread the circle line loop (CCL). The machine would tunnel from Keppel station to Harbourfront station by 2025. ~66% of the stabilizing and retaining structures of this scheme have been over, and excavation structures and works are in progress.
Tunnel Boring Machine (TBM) market status and forecast, categorizes the global Tunnel Boring Machine (TBM) market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this reportHerrenknechtCRECCRCHIRobbinsTianheWirthKomatsuMitsubishiNHIKawasakiIshikawajima-HarimaTerratecSELITianye TolianHitachi Zosen CorporationXugong KaigongGeographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanSoutheast AsiaIndiaReport Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-tunnel-boring-machine-2018-288/?utm_source=techsite_Nikhil Agrawal_medium=ReferralWe can also provide the customized separate regional or country-level reports, for the following regions: North AmericaUnited StatesOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Soft ground TBMsHard Rock TBMsOn the basis of the end users/applications, Tunnel Boring Machine Market focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, includingRailway and HighwayMunicipal EngineeringCity Rail SystemOthersThe study objectives of this report are: To analyze and study the global Tunnel Boring Machine (TBM) capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);Focuses on the key Tunnel Boring Machine (TBM) manufacturers, to study the capacity, production, value, market share and development plans in future.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the marketTo analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the marketTo strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Tunnel Boring Machine (TBM) are as follows: History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders Tunnel Boring Machine (TBM) ManufacturersTunnel Boring Machine (TBM) Distributors/Traders/WholesalersTunnel Boring Machine (TBM) Subcomponent ManufacturersIndustry AssociationDownstream Vendors Available CustomizationsWith the given market data, We offers customizations according to the company's specific needs.
The following customization options are available for the report: Regional and country-level analysis of the Tunnel Boring Machine (TBM) market, by end-use.Detailed analysis and profiles of additional market players.Get the Complete Report & TOC at https://www.24marketreports.com/manufacturing-and-construction/global-tunnel-boring-machine-2018-288/?utm_source=techsite_Nikhil Agrawal_medium=ReferralCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
The report titled ‘Global Tunnel Boring Machine (TBM) Market Report Forecast to 2027’ provides an in-depth study of the Tunnel Boring Machine (TBM) sector.
The analysis contained in the report includes a pictorial representation of crucial information relating to the global Tunnel Boring Machine (TBM) business, along with an extensive investigation of the regional landscape.The research study includes the latest market trends, recent industrial development, technological advancements, product development, and product launches.
The report also provides a detailed evaluation of the critical elements of the global Tunnel Boring Machine (TBM) market, including product types, applications, end-uses, regions, and leading players.Get a Sample Copy of the Tunnel Boring Machine (TBM) Market Report (Submit your official email ID to get priority) https://www.reportsanddata.com/sample-enquiry-form/300The Global Tunnel Boring Machine (TBM) Market gives an outline of the current market dynamics by scrutinizing factors such as the drivers, trends, opportunities, challenges, and restraints in the forecast years (2020-2027).The report on the Tunnel Boring Machine (TBM) Market offers an exhaustive database of industry information, highlighting the leading players and their elaborate company profiles listing their gross revenue, total sales, product range, product pipeline, technological advancements, and expansion strategies deployed.
It traces the competitive landscape in the Tunnel Boring Machine (TBM) industry, which underlines different aspects like product offerings, production capacity, techniques, cost structure, value chain, financial standing, sales margin, and other notable developments recorded in the Tunnel Boring Machine (TBM) sector.Additionally, this report also offers an analysis of both short-term and long-term strategies adopted by the key companies in the global Tunnel Boring Machine (TBM) business.
The scope of all segments and sub-segments has also been included in the report.
This is expected to help the readers in making lucrative investments in the emerging sectors or sectors that promise to record the highest growth rate in the worldwide Tunnel Boring Machine (TBM) market in the coming years.Leading Players:Herrenknecht, CRTG, CRCHI, Robbins, Tianhe, LNSS, Komatsu, Mitsubishi, NHI, Kawasaki, IHI, Terratec, SELI, Tianye Tolian, Hitachi Zosen, Xugong Kaigong, STEC, JIMTMarket Segmentation By Regions:North AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaIn market segmentation by types of tunnel boring machines, the report covers-Soft Ground TBMsHard Rock TBMsIn market segmentation by applications of the tunnel boring machine, the report covers the following uses-City Rail SystemRailway and HighwayMunicipal EngineeringOthersSpeak to our experts before buying the report (Use Corporate Details Only): https://www.reportsanddata.com/make-enquiry-form/300Tunnel Boring Machine (TBM) Market Historical Analysis (2016-2018) as well as Market Forecast (2020-2026):Market Trends: These have been assessed thoroughly to estimate the gross revenue, industry outlook, and current scenario of the market.
