Global Tunnel Boring Machine Market Size, Share, Forecast Report, 2020-2027

The global Tunnel Boring Machine market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 5.4% throughout the estimate period from 2020 to 2027.

Tunnel boring machines (TBMs) are massive specific-function machines, mainly used in creating tunnels for railways, roads, and pipelines. These gigantic machines are lengthy with circular cross-sections and assist in boring round holes irrespective of any soil and rocks. Tunnel boring machines are complicated assemblies of numerous systems working in combination with each other. Tunnel boring machines' diameter ranges from three feet to 65 feet. Moreover, TBMs are effective for catering smooth cut and finishing though rocks, along with constructing concrete shields around the bored tunnels.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Tunnel Boring Machine market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Tunnel Boring Machine market growth.

The global Tunnel Boring Machine market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The growth of market vendors depends on market conditions, government support, and industry development. Thus, they should focus on improving their products, expanding their regional presence, and a variety of tunnel bore sizes to suit the requirement of the project. China Railway Group Limited (CRGL), IHI Corporation, Kawasaki Heavy Industries Ltd, Hitachi Zosen Corporation, Bosch Rexroth AG are some of the leading players, holding more than half of market share.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Based on Machine Type, the global market has been segmented into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and other machines.
Based on geology type, the global market has been segmented into soft ground, hard rock ground, heterogeneous ground, and variable ground
Based on end-users, the global market has been segmented into road transport, railway transport, utilities, metro and transit, mining, oil and gas, and others.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA