Scope of the Study
A tunnel boring machine (TBM) refers to a machine used to dig tunnels with a circular cross section through a variety of rock strata and soil. Tunnel boring machine market has high growth prospects owing to increasing government spending on transportation infrastructure worldwide. Further, technological advancement in the tunnel boring machine such as the development of remotely operated tunnel boring machine expected to drive the demand for tunnel boring machine over the forecasted period.
The market study is being classified by Type (Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM and Others) and major geographies with country level break-up.
China Railway Construction Heavy Industry Co. Ltd. (China), CREG TBM Germany GmbH (Germany), Dalian Huarui Heavy Industry Group Co., Ltd. (China), Dr Martin Herrenknecht Verwaltungs GmbH (Germany), Hitachi Zosen Corporation (Japan), IHI Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Komatsu Ltd. (Japan), The Robbins Company, Inc. (United States) and Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Terratec Ltd. (Australia), Herrenknecht Ag (Germany) and Mitsubishi Heavy Industries (Japan).
Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Tunnel Boring Machine market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Tunnel Boring Machine market by Type, Application and Region.
On the basis of geography, the market of Tunnel Boring Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Geology , the sub-segment i.e. Soft Ground will boost the Tunnel Boring Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Road Transport will boost the Tunnel Boring Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Investments in Tunnel Infrastructure
- Growth in Number of Transportation Infrastructure Projects
- Emphasizing On Microtunneling
- Focus On Automation in Microtunnel Boring Machine
- High Cost Associated With Tunnel Boring Machine
- Lack of Skilled Professionals to Operate Tunnel Boring Machine
- Increasing Demand for Tunnel Boring Machine in Mining Industry
- Rising Demand from the Developing Economies
- Operational Factors and Technical Challenges
12th April 2019, At the Wilton International in Redcar the first 1,800-tonne tunnel boring machine which will be used to construct Sirius Mineralsí 23-mile mineral transportation tunnel from Teesside to Whitby was officially launched.
Key Target AudienceTunnel Boring Machine Manufacturer, Component Manufacturers, System Integrators, Value Added Resellers, Research Organizations, Technology Investors and Others
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