Tunnel Boring Machine (TBM) Market to Expand Steadily in the Coming Years till 2013-2028
Global tunnel boring machine (TBM) market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. A tunnel boring machine (TBM), also termed as a “Mole”, is used to excavate tunnels with a circular cross section through a variation of rock and soil layers. They couldbe used for micro tunneling.Tunnel boring machines are used for special-purpose machines, mainly used in building tunnels for railways, roads, and pipelines.
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The factors that propel the growth of the TBM market include increasing demand, growing urbanization, technological advancement, increase in expenditure on railway and road infrastructure, rising construction activities and they are used as a substitute to be drilling and blasting (D&B) procedures.
On the other hand, there are factors that may hamper the growth of the market includingdifficult to transport and high cost. TBM market could be explored by type, application, sale channel and geography. Tunnel boring machine (TBM) market by type could spanSoft Ground TBMs and Hard Rock TBMs.
The key applications that could be explored in the market include Municipal Engineering, Railway and Highway, City Rail System, and Others. The “Railway and Highway” segment led the market in 2017 and is anticipated to maintain its dominance by 2025. The key factors that may be attributed to the growth of market includes growing demand and increasing government funds.
Tunnel boring machine (TBM) market may be explored by sale channel as Direct Sales and Distribution Sales. TBM market is categorized based on geography intoNorth America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe.Asia-Pacific accounted for the major share of the tunnel boring machine (TBM) market in 2017 and will continue to lead in the forecast period.
The factors that could be attributed to the growth include development of technology and industry, rising demand, increasing government spending on infrastructure and rapid rail and road network development in the region. Asia-Pacific is followed by North American and European region owing to increasing expenditure on roads in the region.
The key players contributing to the robust growth of the tunnel boring machine (TBM) market comprise CRCHI, Herrenknecht, CRTG, LNSS, Tianhe, Mitsubishi, Komatsu, Kawasaki, NHI, Terratec, IHI, Tianye Tolian, SELI, Xugong Kaigong, Hitachi Zosen, JIMT, and STEC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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This report provides detailed historical analysis of global market for Tunnel Boring Machine (TBM) from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Tunnel Boring Machine (TBM) market.
Leading players of Tunnel Boring Machine (TBM) including:
- Tianye Tolian
- Hitachi Zosen Corporation
- Xugong Kaigong
Market split by Type, can be divided into:
- Soft Ground TBMs
- Hard Rock TBMs
Market split by Application, can be divided into:
- Railway and Highway
- Municipal Engineering
- City Rail System
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