Global Tunnel Boring Machine Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Tunnel Boring Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global tunnel boring machine market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global tunnel boring machine market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
A tunnel boring machine (TBM) is a tool used to dig tunnels in different types of soil and rock layers. It minimizes disruption and creates a uniform tunnel wall, unlike traditional drilling and blasting (D&B) or manual mining techniques. Additionally, it helps lower the expenses associated with tunnel lining and enables the construction of tunnels in urbanized regions. The TBM provides numerous advantages, such as reduced rock damage, uninterrupted operation, fewer support needs, and improved efficiency and worker safety.
Global Tunnel Boring Machine Market Trends and Drivers:
The global market is experiencing strong growth due to the increasing utilization of Tunnel Boring Machines (TBMs) in the mining industry. These machines are being employed to excavate large tunnels for accessing valuable mineral deposits, including coal, ores, and precious metals. Furthermore, the market is being bolstered by the growing adoption of TBMs for the construction of underground storage facilities, such as caverns used to store natural gas, oil, and strategic reserves. The market is also benefiting from the rising awareness regarding the advantageous features of TBMs, such as their ability to withstand high gravity, viscosity, and pressure. Additionally, key market players are actively involved in various micro tunnel projects aimed at constructing extensive underground infrastructure, thereby expanding their sales and overall profitability.
Global Tunnel Boring Machine Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Akkerman Inc., China Railway Construction Heavy Industry Corporation Limited, China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited), Dalian Huarui Heavy Industry Group Co. Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Northern Heavy Industries Group Co. Ltd. and Sika AG
The report segmented the market on the basis of region, machine type, product type, application and end user.
Breakup by Machine Type:
- Slurry TBM
- Earth Pressure Balance Shield TBM
- Shielded TBM
- Multi-Mode TBM
- Others
Breakup by Product Type:
- Soft Ground TBM
- Hard Ground TBM
Breakup by Application:
- Traffic Tunneling
- Utility Tunneling
Breakup by End User:
- Road Transport
- Railway Transport
- Metro and Transit
- Utilities
- Mining
- Oil and Gas
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Comments
0 comment