Business

Tunnel boring machines Market Consumption to Hit $$8,385.6 Million Tons by 2025

The new research report on the Tunnel boring machines market by Big Market Research provides a basic overview of the market including its definition, applications, and manufacturing technology for the forecast period, 2018—2025.

Get an extensive research offering detailed information and growth outlook of the global Tunnel boring machines market in the recent research report added by Big Market Research.  This report is a professional and comprehensive research formulated by taking into consideration the major regional market situations, key driving factors, major competitors, and size & scope of the market.

The global Tunnel Boring Machines Market size is expected to reach $8,385.6 million by 2025, from $5,189.8 million in 2017, growing at a CAGR of 6.4% from 2019 to 2025. Tunnel boring machines are used for tunnel excavation through a wide range of soil and rocks. It is majorly used for construction of tunnels and excavation in coal mines.

The key factor that drives the growth of the global tunnel boring machines market includes increase in infrastructure development for railway and highway. Moreover, rise in demand for utility tunneling for water supply & disposal, hydropower projects, and pipeline for oil & gas boosts the demand for tunnel boring machines.

Get Free Sample Copy Of This Report @ https://www.bigmarketresearch.com/request-sample/2957620?utm_source=IR&utm_medium=Rajashrik

In addition, tunnel boring machine reduces the operational time for construction of tunnel as compared to other conventional methods, thereby increasing the demand for tunnel boring machines. However, the new Austrian tunneling method (NATM) is still a dominant method for constructing tunnels, which is expected to hinder the market growth. Furthermore, new innovations such as automation and ZigBee-based wireless sensor networks are anticipated to provide lucrative growth opportunities for the growth of the global tunnel boring machines market.

The tunnel boring machine market is segmented based on machine type, geology type, end-users, and region. Based on machine type, the market is categorized into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and others. Others includes open type, gripper TBM, direct pipe, partial face excavation, etc. By geology type, the market is segmented into soft ground, hard rock ground, heterogenous ground, and variable ground. By end-users, the market is segmented into road transport, railway transport, metro & transit, utilities, mining, oil & gas, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific (APAC), and LAMEA. Asia-Pacific is anticipated to be the largest market for tunnel boring machine during the forecast period.

Get Discount Copy Of This Report @ https://www.bigmarketresearch.com/request-for-discount/2957620?utm_source=IR&utm_medium=Rajashrik

Key Market Segments

By Machine Type

  • Slurry TBM
  • Earth Pressure Balance Shield TBM
  • Shielded TBM
  • Multi-Mode TBM
  • Other Machines (Open Type, Gripper TBM, Direct Pipe, Partial Face Excavation, etc.)

By Geology Type

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

By End-users

  • Road Transport
  • Railway Transport
  • Metro & Transit
  • Utilities
  • Mining
  • Oil & Gas
  • Others

By Region

North America

  • U.S.
  • Mexico
  • Canada

Europe

  • Russia
  • Germany
  • UK
  • Netherlands
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Hong Kong
  • Indonesia
  • Japan
  • Australia
  • India
  • Rest of Asia Pacific

LAMEA

  • Latin America
  • Middle East
  • Africa

Key Market Players Profiled in the Report

  • China Railway Construction Heavy Industry Co. Ltd.
  • China Railway Engineering Equipment Group Co., Ltd.
  • Dalian Huarui Heavy Industry Group Co., Ltd.
  • Herrenknecht AG
  • Hitachi Zosen Corporation
  • IHI Corporation
  • Kawasaki Heavy Industries Ltd
  • Komatsu Ltd.
  • Northern Heavy Industries Group Co., Ltd. (The Robbins Company, Inc.)
  • Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.

Related Report:

WASTE MANAGEMENT MARKET By Waste Type (Municipal And Industrial) And Service (Collection And Disposal) – Global Opportunity Analysis And Industry Forecast, 2017-2023

The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023. Waste management is collection, transportation, and disposable of garbage, sewage, and other waste products. It involves treatment of solid waste and disposal of the products and substances in a safe and efficient manner…….

Read More https://www.bigmarketresearch.com/waste-management-market

About Us:

Big Market Research has a range of research reports of various domains across the world. Our database of reports of various market categories and sub-categories would help to find the exact report you may be looking for.

Contact Us:

Mr. Abhishek Paliwal

Big Market Research

5933 NE Win Sivers Drive, #205, Portland,

OR 97220 United States

Direct: +1-971-202-1575

Toll Free: +1-800-910-6452

E-mail help@bigmarketresearch.com

Tags

Sumedh Raj

Sumedh is a content marketing coordinator and social media manager for The Innovative Reports and Market Research Analyst. Sumedh holds a Bachelor's Degree in Communications and Public Relations from University of Pune and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with his dogs.

Related Articles

Close