Tunnel Boring Machine Market 2019 Key Manufacturers, Demands, Industry Share, Size, Status and Forecasts to 2025

According to BlueWeave Consulting, The Global Tunnel Boring Machine Market is projected to grow with a substantial rate during the forecast period 2019-2025, due to the Incremental spending on road and railway infrastructure by the government and private firms. Moreover, the major factor driving the market growth is the increasing construction of a road tunnel and railway tunnel coupled with the utilization of tunnel boring machine for hydropower, pipeline, and water and sewage.

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.

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Global Tunnel Boring Machine Market Competitive Landscape

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 Machine market.

Hard Ground TBM product type of Tunnel Boring Machine market is projected to be the leading segment of the overall market during the forecast period

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 owing to its applications in design and constructs a high-scale tunnel project like road and railway infrastructure. Soft Ground TBM market will influence by its properties like balancing the pressure conditions at the tunnel face, avoids uncontrolled inflow of soil into the machine and creates the conditions for rapid tunneling with the minimum settlement.

Traffic tunneling are projected to lead the industry for utilizing applications of the Tunnel Boring Machine  during the forecast period

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 owing to its huge demand for road tunneling and railway/metro tunneling. Utility tunneling market will grow by rising demand for TBM in municipal water and sewage, hydropower, and pipelines.

The Asia- Pacific accounts for the lion’s share of the global Tunnel Boring Machine market during the anticipated period.

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 owing to rising government expenditure on infrastructure coupled with the rising number of road and railway tunnel infrastructure. Europe market will trigger by the huge demand of TBM for increasing and improving tunneling projects.

In addition, the report provides an analysis of the Tunnel Boring Machine Market with respect to the following geographic segments:

  • North America
  • Europe
  • Asia Pacific
  • LATAM
  • MEA

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Table of Contents

Chapter: 1.    Research Framework

Chapter:  2.    Research Methodology

Chapter:  3.    Executive Summary

Chapter:  4.    Industry Insights

Chapter:  5.    Global Tunnel Boring Machine Market Overview

Chapter:  6.    North America Tunnel Boring Machine Market

Chapter:  7.    Europe Tunnel Boring Machine Market

Chapter:  8.    Asia Pacific Tunnel Boring Machine Market

Chapter:  9.    Latin America Tunnel Boring Machine Market

Chapter:  10.  Company Profile

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