Tunnel Boring Machine Market
Tunnel Boring Machine Market 2022 - By Applications (Transportation, Mining, Public Utility), By End-User (Railways & Metro, Utilities, Mining, Oil & Gas, Governments, Others), By Product Type (Soft Ground TBM, Hard Rock TBM) & Global Region - 2027Request Sample Request Discount
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The first tunnel boring machine was invented in 1863, by Frederick Edward Blackett Beaumont. A tunnel boring machine (TBM) is a tunneling machine used to excavate tunnels and in building micro-tunneling (drilling and blasting). These tunnel boring machines find their applications into areas such as tunnels for roads construction, railways, water treatment systems, and pipelines. They can bore through anything from hard rock to sand and these tunnel diameters can range from one meter (3.3 ft to 58 ft). A tunnel boring machine (TBM), also known as a "mole" machine.
Growth Drivers & Restraints
The market of tunnel boring machine is expected to thrive on the back of rising construction activities among construction industries. The increasing technological advancements in tunnel boring machines for drilling and blasting are anticipated to increase the demand for tunnel boring machines across the globe. Besides this, the government initiatives and programs in developing and developed countries to enhance construction projects are augmenting the growth of the tunnel boring machine market. Since the governments are spending huge capital for the enhancement of transportation infrastructure on passageways tunnels, the demand for tunnel boring machines is rising remarkably across all regions. Moreover, the governments are spending on constructions such as, recently Indian government launched a 10.89 km tunnel in Jammu Kashmir and secondly China is constructing a 12 km long high-speed train tunnel bellow great wall for delivering an improved construction work. These are the key drivers for the growth of the tunnel boring machine market.
Additionally, the rising adoption of tunnel boring machine in coal mining industries is escalating the growth of the tunnel boring machine market. Further, the rising constructional activities for various tunnel work such as, rail tunnel, road tunnel, underground passageways tunnels, and others are the major factors that are positively influencing the growth of tunnel boring machine market. Besides this, the increase in the need for water management systems in urban areas by using micro-tunneling leads the demand for tunnel boring machines. In terms of region, Asia Pacific acquired lion shares in the market and the china and Japan are the strongest countries for the tunnel boring machine in this region as China and Japan have the longest total tunnel roads in the world.
Moreover, due to the increasing government expenditure on construction activities on tunnels projects such as road tunnels, railway, mining, and other tunnels expansion in the region is allowing the countries to dominate the tunnel boring machine market in the Asia Pacific region. However, the high cost and high maintenance cost of the tunnel boring machine is likely to hinder the growth of tunnel boring machine market.
The research offers a comprehensive analysis of tunnel boring machine market with respect to following sub-markets:
- Public Utility
- Railways & Metro
- Oil & Gas
By Products Type
- Soft Ground TBM
- Hard Rock TBM
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Hitachi Zosen Corporation
- Komatsu Ltd
- Mitsubishi Ltd
- TianyeTolian Corporation
- wirth Group
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in tunnel boring machine.
Timeline Considered for Analysis:
2021: Base Year
2022: Estimate1d Year
2022 to 2027: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the tunnel boring machine market by the following segments:
- By Application
- By End-User
- By Product Type
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Tunnel Boring Machine Market Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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