Tunnel Boring Machine Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The tunnel Boring machine market size is expected to reach $ 7,552.1 million in 2028, growing at a CAGR of 6% from 2022 to 2028. Tunnel boring machine is a huge special purpose machine used in tunnel construction, especially for road, railway and pipeline. This machine helps in boring round holes through any rock with a circular cross section and long. A tunnel boring machine is a complex assembly of several systems that work together with each other. The diameter of tunnel boring machine is from 1 meter to 20 meters. The machine can cleanly cut the rock, along with sometimes creating a concrete shield around a boring tunnel.

Company Profile

• China Railway Engineering Equipment Group Co.
• Dalian Huarui Heavy Industry Group Co., Ltd.
• Herrenknecht AG
• Hitachi Zosen Corporation
• IHI Corporation
• Kawasaki Heavy Industries Ltd
• Komatsu Ltd.

 

Market Segmentation

By Type

• Slurry TBM
• Earth Pressure Balance Shield TBM
• Shielded TBM
• Multi-Mode TBM

By Geology Type

• Soft Ground
• Hard Rock Ground
• Heterogenous Ground
• Variable Ground

By End-users

• Road Transport
• Railway Transport
• Metro & Transit
• Utilities
• Mining

 

Scope of the Report

The research study analyzes the Tunnel Boring Machine Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Tunnel Boring Machine Market Report

 

1. What was the Tunnel Boring Machine Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Tunnel Boring Machine Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Tunnel Boring Machine Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.