Global Tunnel Boring Machine Market Size was valued nearly USD $5,189.8 million by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.4% during the forecast period, i.e. 2017-2025 owing to the ongoing urbanization and growing demand from end user such as road transport, railway transport, metro & transit, utilities, mining, oil & gas, and Others sectors. As per the research analysis for Asia Pacific tunnel boring machine market is projected to hold largest industry share over the forecast period due to the ongoing urbanization and increasing expenditure on roads and railway infrastructure in the emerging economies such as India and China are estimated measurable revenue during the forecast.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global tunnel boring machine market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tunnel boring machine market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

Based on the type, the tunnel boring machine market has been segmented into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and Others.  The shield TBM segment is used on large scale due to its ability to excavate firm soil, soft rock, sand, sandy soil, and clayey soil. The earth balance shield TBM is estimated to grow in significant manner during the forecast period because of rapidly growing industry, demand, revenue and its growth from end user application and emerging economies such as India, China, Thailand, South Korea, Japan and Australia.     

Based on the application, tunnel boring machine market is segmented into road transport, railway transport, metro & transit, utilities, mining, oil & gas, and others. The road and railway segment was valued to measurable growth in 2017 and is projected to grow at a significant CAGR rate in the coming years owing to increasing infrastructure activities in developing region, government support and matured key manufacturer spending more dollar on the research and development are the major factors will propel industry growth and demand over the forecast period that is 2017 to 2025. The Municipal engineering is dominating the segment due to growing utilization of TBM product for work management and municipal tasks such as water supply system, treatment of water and other.

Regional Analysis

The global tunnel boring machine market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe – UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. As per the research analysis for Asia Pacific tunnel boring machine market is projected to hold largest industry share over the forecast period due to the ongoing urbanization and increasing expenditure on roads and railway infrastructure in the emerging economies such as India and China are estimated measurable revenue during the forecast. MEA is projected to witness a high CAGR rate during the forecast period due to rapid development in the infrastructure upgrades and reconstruction as well government support is the key factors will boost the growth and demand of the product in the region.

Global Tunnel Boring Machine Market Size, Share Analysis By Region 2017

In 2017, North America and Europe was the largest region in terms of revenue because of growing demand form water and waste management, and city rail development are estimated to drive the product demand in the region in next five years. In addition, increasing construction and infrastructure maintance activities in European countries such as Poland, Russia, and Turkey is driving product demand over the forecast period.

Key Players

The major kay players in the tunnel boring machine market which will contribute healthy growth in regional and global market over the forecast period that key players are Herrenknecht, Hitachi Zosen Corporation, Jim Technology Corporation, Kawasaki, Komatsu, Northern Heavy Industries Group Co., Ltd., SELI, Shanghai Tunnel Engineering Co., Ltd., and Tianye Tolian.

Global Tunnel Boring Machine Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.