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theboldlycrookedcollector-blog · 6 years ago

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Tunnel Boring Machine Market Size and Growth Rate:

The global tunnel boring machine (TBM) market size is expected to reach $ 8,385.6 million in 2025, compared to $ 5,189.8 million in 2017, with a compound annual growth rate of 6.4% from 2018 to 2025.

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Tunnel Boring Machine Market Overview:

Tunnel boring machines are giant special-purpose machines used in the construction of tunnels for roads, railways and pipelines. These machines are long with circular cross sections and allow drilling round holes in any rock. They can drill rocks, sometimes at the same time as creating concrete shields around drilled tunnels.

The TBM market is largely driven by increased road and rail infrastructure costs. Countries such as China, Japan, Italy, South Korea, Norway and Germany have extensive networks of tunnels. The main reason is to connect the main cities of the country, sometimes even international, with a minimum travel time. This greatly optimizes transportation costs and connects cities to boost trade.

The other method of building tunnels is to use explosives; however, they are very dangerous and often it is difficult to control the explosion. They also pose a threat to both humans and machines working in the tunnel. A slight gap in the loading of explosives can put the project completely in danger. As a result, TBMs are the ideal alternative for tunnelling operations.

Tunnel Boring Machine Market Geographical Insights:

Geographically, the world TBM market can be classified as Asia Pacific, Europe, North America, Latin America, Middle East and Africa. The Asia-Pacific region is the key market for TBMs due to increased public spending on infrastructure and the rapid expansion of road and rail networks in the region. Countries like China, Japan and South Korea have the largest number of road tunnels in the world. The governments of China and Japan are investing heavily in tunnels to speed the journey between major cities. In addition, the topography of Japan and the main regions of China is mountainous.

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Tunnels play an important role in the construction of roads and railways. Europe follows the Asia-Pacific in the world TBM market. Demand for tunnel boring machines is high in the mountainous regions of Italy, Spain and France. Countries such as India, Brazil and South Africa have begun to increase spending on road and rail networks. This should create substantial opportunities for TBM manufacturers.

Key Players of the Tunnel boring Machine Market:

The main players in the world TBM market are Herrenknecht AG, The Robbins Company, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Hitachi Zosen Corporation and Terratec Ltd.

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amitp113-blog · 6 years ago

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Global Tunnel Boring Machine Market Outlook 2017-2022

According to a new report published by General Consulting Company, the global market for tunnel boring machine (TBM) will grow at a CAGR of 4.2% by 2022. The report segments the market and forecasts by application (transportation, public utilities, mining, etc.), by volume and value, and by geography (North America, Europe, Asia-Pacific, Ministry of Foreign Affairs and South America).

The report covers forecasts and analysis for the Tunnel Boring Machines market globally and regionally. The study provides historical data for 2017-2016 as well as forecasts from 2017 to 2022 based on production / volume and revenue. The study then describes the drivers and restraints for the Tunnel Boring Machine market as well as their impact on demand during the forecast period.

Additionally, the report includes a study of the opportunities available in the Tunnel Boring Machine market globally. The report has been prepared on the basis of synthesis, analysis, and interpretation of information about the Global Tunnel Boring Machine market gathered from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of the leading industry players. Company Overview, Financial Overview, Product Portfolio, New Project Launch, Recent Development Analysis are the parameters included in the profile. The demand for this market increases from transportation, public utilities, mining and other applications. All segments have been analyzed based on current and future trends and forecast the market from 2017 to 2022. Relevantly, the report and company profile specify the major drivers that are influencing the demand in the global tunnel boring machine market.

Key Applications

· Transportation

· Public Utility

· Mining

Key Regions

· North America

· Europe

· Asia Pacific

· Middle East and Africa

· South America

Key Vendors

· CRCHI

· CRTE

· Herrenknecht

· JIMT

· Kawasaki

· Komatsu

· Liaoning Censcience

· NHI

· Okumura

· Robbins

Key Questions Answered in this Report

· What will the Global market size be in 2022?

· What are the key factors driving the global tunnel boring machine market?

· What are the challenges to market growth?

· Who are the key players in the tunnel boring machine market?

· What are the market opportunities and threats faced by the major players?

Inquire more or Share query If Any before the Purchase on This Report @

https://www.franknraf.com/reports/global-tunnel-boring-machine-market-outlook-2017-2022/

Table of Content:

· Exclusive Summary

· Methodology

· Introduction

· Competitive Landscape

· Market Dynamics

· Segmentation by Application

· Supply by Region

· Consumption Pattern

· Tunnel Boring Machine Market Forecast

· Key Vendors

· Industry Activity

· Appendix

About Us:

Frank n Raf is one of the eminent companies in Market Research and Consulting Services headquartered in Pane, India and soon will be in The United States. In terms of market research and consulting services, we give our customers more choices. We provide deep and transparent industry insights, syndicated search reports, customized search reports, and excellence in the services we consult.

Frank n Raf Market Research LLP

401 – ‘A’ Wing, Amar Synergy,

Sadhu Vaswani Chowk, Pune Station,

Pune – 411014

Maharashtra, India

Phone: +1 347-321-6773

E-mail: [email protected]

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