Global Tunnel Boring Machine Market: Overview
Tunnel Boring Machine market expected to grow at a CAGR of more
than 6.6% from 2018, to reach a value of approximately USD 8,388 million by the
year 2025. Tunnel boring machine is used to bore through rocks and
excavate tunnels. It can easily pass through hard surface using circular cross
section. These kind of machines are used as an alternate method to drilling or
using explosive for exploration or excavation. The huge investment in the road
and railway infrastructure across the globe is vital factors expected to
encourage the growth of the global Tunnel Boring Machine market in the upcoming
In addition, ongoing urbanization and increasing expenditure on
roads and railway infrastructure are other factors estimated to accelerate the
growth of the market in the next few years. Moreover, the booming of
transportation sectors and rising in need connect the cities in order to expand
the global commerce network connectivity will fuel the growth of the Tunnel
Boring Machine market in the forecast period. Further, the upsurging in
applications of tunnel boring machine in construction sectors such as road
tunnel and railway tunnel coupled with utilization of tunnel boring machine for
hydropower, pipeline, and water and sewage will contribute to the growth of the
Tunnel Boring Machine market in upcoming periods.
Additionally, the growing application of tunnel boring machine for
optimizing the transportation costs and connect cities to boost commerce would
promulgate the Tunnel Boring Machine market in the forecast period. Further,
the rising adoption of technological advancement through automation & rock
cutting technology will influence the global tunnel boring machine in upcoming
Tunnel Boring Machine Market Product Type analysis
On the basis of product type, the Tunnel Boring Machine market has
been segmented into Soft Ground TBM and Hard Ground TBM. Hard Ground TBM
dominates the global Tunnel Boring Machine market due to the growing usage of
hard ground TBM in railway and road infrastructure for its ability to
excavating large-diameter tunnels in hard rock. Hard ground TBM
sub-segmented into open TBM, gripper TBM, double shield TBM, and single shield
TBM. Soft Ground TBM market will drive by growing its application where
the ground is silty & has a high percentage of fines and in loose
water-bearing granular materials. Soft TBM consists of earth pressure balance
TBM and slurry head TBM, where slurry head TBM is more useful when the water
content in the rock is considerably high (soily rock).
Tunnel Boring Machine Market Application Analysis
On the basis of Application, the global Tunnel Boring Machine
market has been segmented into traffic tunneling and utility tunneling. By
Application, traffic tunneling segment will lead the market due to the rise in
demand for Tunnel Boring Machine into road tunneling and railway/metro
tunneling. Utility tunneling will influence by the augmentation in demand for
of TBM in water and sewage, hydropower, and pipelines. Moreover, rising
utilization of TBM product for management and disposal of waste and other
municipal tasks such as water supply system, treatment of water in order to
provide the safe, clean, and useful environment.
Regional analysis of Tunnel Boring Machine Market
On the basis of region, the Tunnel Boring Machine Market has been
segmented into North America, Europe, Asia Pacific, Middle East & Africa,
and Latin America. The Asia Pacific dominates the world Tunnel Boring Machine
market over the forecast period due to rising government expenditure on infrastructure
along with the rising number of road and railway tunnel infrastructure.
Furthermore, the governments of China and Japan investing significantly in
tunnels for faster commute between major cities of which most investment in
their mountainous and hilly areas.
Europe will boost by the growing demand for TBM is high in the
hilly terrain in Italy, Spain, and France. Moreover, Modernization of
retrofitting and refurnishing projects in Europe is another factor witnessed in
Europe Tunnel Boring Machine Market.
Objective of the Study:
To analyze and forecast market size of the global Tunnel Boring
Machine Market, in terms of value.
To examine the careful market segmentation and forecast the market
size, in terms value, on the basis of the region by segmenting Tunnel Boring
Machine market into five regions, namely, North America, Europe, Asia Pacific,
Middle East, and their leading countries.
To outline, categorized and forecast the global Tunnel Boring
Machine market on the basis of Product Type and Application.
To examine competitive developments like technological
advancement, services, and regulative framework within the global Tunnel Boring
To highlight the impact analysis of the factors, affecting the
market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively
analyze their market shares along with detailing the competitive landscape for
Global Tunnel Boring Machine Market
Companies such as Herrenknecht Ag, The Robbins Company, Mitsubishi
Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Hitachi Zosen Corporation,
Jim Technology Corporation, Komatsu, Northern Heavy Industries Group Co., Ltd.,
SELI, Shanghai Tunnel Engineering Co., Ltd., Tianye Tolian Heavy Industry Co.,
Ltd, CRCHI, and Terratec Ltd. are the key players in the global Tunnel Boring
Key Target Audience:
research and consulting firms
Tunnel Boring Machine Manufacturing firms
organizations and consulting companies
Tunnel Boring Machine distributors
associations, and alliances related to Tunnel Boring Machine.
Scope of the Report
By Product Type
In addition, the
report provides an analysis of the Tunnel Boring Machine Market with respect to
the following geographic segments:
Asia Pacific (APAC)
of Asia Pacific
of Latin America
answer by the report
will the market drivers, restraints and opportunities affect the market
will be the market size in terms of value and volume and market statistics with
segment dominates the market or region and one will be the fastest growing and
comprehensive survey of the competitive landscape and the market participant
of strategy adopted by the key player and their impact on other players.
for the Client
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needs. The following customization options are available for the report:
Additional Company Information
five additional company detail analysis.