The latest independent research document on “Tunnel Boring Machine Market Size, Status, Type, Application and Forecast 2024-2030″ with 124+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, emerging technologies, drivers, sales, opportunities, market viewpoint and Outlook. The Study is segmented by key a region that is accelerating the marketization. Tunnel Boring Machine study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Major Key Players in This Report Include:
Herrenknecht AG (Germany), China Railway Construction Heavy Industry Corporation Limited (CRCHI) (China), China Railway Engineering Equipment Group (CREG) (China), LNSS (China), The Robbins Company (USA), TERRATEC Ltd. (Australia), Komatsu Ltd. (Japan), Hitachi Zosen Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), NFM Technologies (France), Seli (Italy), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Lovat Inc. (Canada), Shanghai Tunnel Engineering Co., Ltd. (STEC) (China), Zhejiang Zheneng Equipment Co., Ltd. (China), Bouygues Travaux Publics (France).
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According to HTF Market Intelligence, the Global Tunnel Boring Machine market grow with at a CAGR of 4.8% during forecast period of 2024-2030. It’s crucial you stay up with the latest sectioned by Applications [Transportation Tunnels, Utility Tunnels, Hydroelectric Projects, Mining, Others], Product Types [Slurry TBM, Earth Pressure Balance (EPB) TBM, Shielded TBM, Open Gripper TBM, Single Shield TBM, Double Shield TBM] and some significant parts of the business.
Definition:
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.
Market Trends:
- Rising Technological advancement in tunnel boring machine
- The efficiency and cost-effectiveness of mechanical excavation equipment has greatly increased
Market Drivers:
- Increasing urbanization and the consequent need for efficient underground infrastructure
- Expanding cities and the rising demand for transportation, water, and sewage systems
Market Opportunities:
- The development of sustainable and eco-friendly tunneling solutions
- The use of Earth Pressure Balance (EPB) TBMs, which reduce ground settlement and maintain soil stability during tunneling
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Global Tunnel Boring Machine Market Segments are Covered:
| Tunnel Boring Machine Market | |
| Key players | Herrenknecht AG (Germany), China Railway Construction Heavy Industry Corporation Limited (CRCHI) (China), China Railway Engineering Equipment Group (CREG) (China), LNSS (China), The Robbins Company (USA), TERRATEC Ltd. (Australia), Komatsu Ltd. (Japan), Hitachi Zosen Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), NFM Technologies (France), Seli (Italy), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Lovat Inc. (Canada), Shanghai Tunnel Engineering Co., Ltd. (STEC) (China), Zhejiang Zheneng Equipment Co., Ltd. (China), Bouygues Travaux Publics (France) |
| Type | Slurry TBM, Earth Pressure Balance (EPB) TBM, Shielded TBM, Open Gripper TBM, Single Shield TBM, Double Shield TBM |
| Application | Transportation Tunnels, Utility Tunnels, Hydroelectric Projects, Mining, Others |
| Base Year | 2023 |
| History Data | 2019-2023 |
| Forecast Study | 2024-2030 |
| CAGR | 4.8 |
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Tunnel Boring Machine market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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