Tunnel Boring Machine (TBM) Market Dynamics, Growth Opportunities and Demand Analysis till 2028
Global Tunnel Boring Machine (TBM) Market is anticipated to witness an exponential growth in the forecast period. A tunnel boring machine (TBM), also termed as a "Mole", is used to excavate tunnels with a circular cross section through a variation of rock and soil layers. They can be used for micro tunneling. Tunnel boring machines are used for special-purpose machines, mainly used in building tunnels for railways, roads, and pipelines.
Global Tunnel Boring Machine (TBM) Market is anticipated to witness an exponential growth in the forecast period. A tunnel boring machine (TBM), also termed as a "Mole", is used to excavate tunnels with a circular cross section through a variation of rock and soil layers. They can be used for micro tunneling. Tunnel boring machines are used for special-purpose machines, mainly used in building tunnels for railways, roads, and pipelines.
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<strong>Tunnel</strong> <strong>Boring</strong> <strong>Machine</strong> (<strong>TBM</strong>) <strong>Market</strong><br />
<strong>Dynamics</strong>, <strong>Growth</strong> <strong>Opportunities</strong> <strong>and</strong><br />
Dem<strong>and</strong> <strong>Analysis</strong> <strong>till</strong> <strong>2028</strong><br />
“A tunnel boring machine (<strong>TBM</strong>), also termed as a "Mole", is<br />
used to excavate tunnels with a circular cross section through<br />
a variation of rock <strong>and</strong> soil layers. They can be used for micro<br />
tunneling.”<br />
Global <strong>Tunnel</strong> <strong>Boring</strong> <strong>Machine</strong> (<strong>TBM</strong>) <strong>Market</strong> is anticipated to witness an exponential growth in the forecast period.<br />
A tunnel boring machine (<strong>TBM</strong>), also termed as a "Mole", is used to excavate tunnels with a circular cross section<br />
through a variation of rock <strong>and</strong> soil layers. They can be used for micro tunneling. <strong>Tunnel</strong> boring machines are used for<br />
special-purpose machines, mainly used in building tunnels for railways, roads, <strong>and</strong> pipelines.<br />
The factors that propel the growth of the market include increasing dem<strong>and</strong>, growing urbanization, technological<br />
advancement, increase in expenditure on railway <strong>and</strong> road infrastructure, rising construction activities <strong>and</strong> they are used<br />
as a substitute to drilling <strong>and</strong> blasting (D&B) procedures.<br />
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https://www.millioninsights.com/industry-reports/tunnel-boring-machine-tbm-market<br />
On the other h<strong>and</strong>, there are factors that may hamper the growth of the market including difficult to transport <strong>and</strong> high<br />
cost. <strong>Tunnel</strong> boring machine market is anticipated to exp<strong>and</strong> at a significant CAGR in the upcoming period as the scope,<br />
product types, <strong>and</strong> its applications are increasing across the globe. <strong>Tunnel</strong> boring machine (<strong>TBM</strong>) market could be<br />
explored by type, application <strong>and</strong> geography. <strong>Market</strong> by type could span Soft Ground <strong>TBM</strong>s <strong>and</strong> Hard Rock <strong>TBM</strong>s.<br />
The key applications that could be explored in the market include Municipal Engineering, Railway <strong>and</strong> Highway, City<br />
Rail System <strong>and</strong> Others. The “Railway <strong>and</strong> Highway” segment led the tunnel boring machine (<strong>TBM</strong>) market in 2017<br />
<strong>and</strong> will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes<br />
growing dem<strong>and</strong> <strong>and</strong> increasing government funds.
Asia-Pacific accounted for the major share of the market in 2017 <strong>and</strong> will continue to lead in the forecast period. The<br />
factors that could be attributed to the growth include development of technology <strong>and</strong> industry, rising dem<strong>and</strong>, increasing<br />
government spending on infrastructure <strong>and</strong> rapid rail <strong>and</strong> road network development in the region. Asia-Pacific is<br />
followed by North American <strong>and</strong> European region owing to increasing expenditure on roads in the region.<br />
Some of the key players that fuel the growth of the tunnel boring machine (<strong>TBM</strong>) industry comprise CRCHI,<br />
Herrenknecht, CRTG, LNSS, Tianhe, Mitsubishi, Komatsu, Kawasaki, NHI, Terratec, IHI, Tianye Tolian, SELI,<br />
Xugong Kaigong, Hitachi Zosen, JIMT, <strong>and</strong> STEC. The leading companies are taking up partnerships, mergers <strong>and</strong><br />
acquisitions, <strong>and</strong> joint ventures in order to boost the inorganic growth of the industry.<br />
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<strong>Market</strong> Segment:<br />
Leading players of <strong>Tunnel</strong> <strong>Boring</strong> <strong>Machine</strong> (<strong>TBM</strong>) including:<br />
• Herrenknecht<br />
• CREC<br />
• CRCHI<br />
• Robbins<br />
• Tianhe<br />
• Wirth<br />
• Komatsu<br />
• Mitsubishi<br />
• NHI<br />
• Kawasaki<br />
• Ishikawajima-Harima<br />
• Terratec<br />
• SELI<br />
• Tianye Tolian
• Hitachi Zosen Corporation<br />
• Xugong Kaigong<br />
<strong>Market</strong> split by Type, can be divided into:<br />
• Soft Ground <strong>TBM</strong>s<br />
• Hard Rock <strong>TBM</strong>s<br />
<strong>Market</strong> split by Application, can be divided into:<br />
• Railway <strong>and</strong> Highway<br />
• Municipal Engineering<br />
• City Rail System<br />
<strong>Market</strong> split by Sales Channel, can be divided into:<br />
• Direct Sales<br />
• Distribution Sales<br />
<strong>Market</strong> segment by Region/Country including:<br />
• North America (United States, Canada <strong>and</strong> Mexico)<br />
• Europe (Germany, UK, France, Italy, Russia <strong>and</strong> Spain etc.)<br />
• Asia-Pacific (China, Japan, Korea, India, Australia <strong>and</strong> Southeast Asia etc.)<br />
• South America Brazil, Argentina, Colombia <strong>and</strong> Chile etc.)<br />
• Middle East & Africa (South Africa, Egypt, Nigeria <strong>and</strong> Saudi Arabia etc.)<br />
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https://www.millioninsights.com/industry/machinery-<strong>and</strong>-machine-parts
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