Tunnel Boring Machine Market 2018-2025 | Business Analysis and Evolutionary Growth

Tunnel Boring Machine Market by Machine Type (Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM, and Others), Geology Type (Soft Ground, Hard Rock Ground, Heterogenous Ground, and Variable Ground), and End-Users (Road Transport, Railway Transport, Metro & Transit, Utilities, Mining, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025. According to the report, the global tunnel boring machine market garnered $5.18 billion in 2017 and is expected to reach $8.38 billion by 2025, registering a CAGR of 6.4% from 2018 to 2025.

The report provides an in-depth analysis of the global tunnel boring machine market, covering aspects such as current market size and share, market classification, market drivers, restraints and opportunities, and competitive landscape.

Download Sample Report Copy: https://www.alliedmarketresearch.com/request-sample/5200

The report discusses the drivers, restraints, and opportunities of the tunnel boring machine market in detail. Increasing traffic infrastructure projects and rising focus towards micro-tunneling drive the market growth. Nonetheless, high investment cost & lack of flexibility restrict the market growth. On the other hand, technological advancement through automation and rock cutting technology as well as increased adoption in the mining industry offer new opportunities for the growth of the market.

A detailed analysis of the market classification is offered in the study. The market is segmented into machine type, geology type, end-users, and region. Based on machine type, it is divided into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and others. The shielded TBM segment generated a market share of 31.2% in 2017 and would dominate the market through 2025. Based on geology type, the market is bifurcated into soft ground, hard rock ground, heterogenous ground, and variable ground. The soft ground segment would grow at the fastest CAGR of 6.8% from 2018 to 2025. The end-user segment is divided into road transport, railway transport, metro & transit, utilities, mining, oil & gas, and others. The mining segment would achieve the fastest growth of 6.9% through 2025. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate in terms of revenue as well as grow at the fastest CAGR of 6.8% through the forecast period.

Send Purchase Enquiry on this report: https://www.alliedmarketresearch.com/purchase-enquiry/5200

The report also includes an analysis of the leading players operating in the tunnel boring machine market. They include CRCHI, CREG, Dalian Huarui Heavy Industry Group Co., Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Limited, Komatsu Ltd.,Northern Heavy Industries Group Co., Ltd., and Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.