Global Tunnel Boring Machine Market Growth 2023-2029

Global Tunnel Boring Machine Market Growth 2023-2029

A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, The machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
LPI (LP Information)' newest research report, the “Tunnel Boring Machine Industry Forecast” looks at past sales and reviews total world Tunnel Boring Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Tunnel Boring Machine sales for 2023 through 2029. With Tunnel Boring Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tunnel Boring Machine industry.
This Insight Report provides a comprehensive analysis of the global Tunnel Boring Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tunnel Boring Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tunnel Boring Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tunnel Boring Machine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tunnel Boring Machine.
The global Tunnel Boring Machine market size is projected to grow from US$ 4813 million in 2022 to US$ 4218.1 million in 2029; it is expected to grow at a CAGR of 4218.1 from 2023 to 2029.
The major players in global Tunnel Boring Machine market include Herrenknecht, CRGIC, CRCHI, etc. The top 3 players occupy about 40% shares of the global market. China and Europe are main markets, they occupy about 80% of the global market. Soft Ground TBMs is the main type, with a share about 70%. City Rail System is the main application, which holds a share about 55%.
This report presents a comprehensive overview, market shares, and growth opportunities of Tunnel Boring Machine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Soft Ground TBMs
Hard Rock TBMs
Segmentation by application
Railway and Highway
Municipal Engineering
City ​​Rail System
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Herrenknecht
CRGIC
CRCHI
Tianhe Mechanical Equipment
Liaoning Censcience Industry Co., Ltd
Komatsu
NHI Group
Kawasaki
Terratec
Hitachi Zosen
Shanghai Tunnel Engineering Co., Ltd
Xugong Kaigong
JIMT
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tunnel Boring Machine market?
What factors are driving Tunnel Boring Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tunnel Boring Machine market opportunities vary by end market size?
How does Tunnel Boring Machine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.