Tunnel Boring Machine Forecast | Market Includes Global Study on Technology and Applications by 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.

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 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.

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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.

Key Findings of the Tunnel Boring Machine Market:
o In 2017, the slurry TBM segment dominated the global tunnel boring machine market size, in terms of revenue, and is projected to grow at a CAGR of 6.3% during the forecast period.
o The soft ground segment is projected to grow at a CAGR of 6.8% during the forecast period.
o Asia-Pacific is projected to register the highest growth rate in the years to come.

The slurry TBM and shielded TBM segments collectively accounted for about 62.3% of the tunnel boring machine market share in 2017 and is expected to grow at a CAGR of 6.3% and 6.4%, respectively, during the forecast period. In terms of application segment, road transport segment is expected to contribute the highest market share in the coming years, owing to the increase in tunneling projects for road infrastructure.

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Chapter 1: Introduction

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key Market Players
1.5. Research methodology

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models

Chapter 2: Executive summary

2.1. Key Findings:
2.2. CXO perspective

Chapter 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top Winning Strategies, By Year, 2016-2018*
3.2.4. Top Winning Strategies, By Company, 2016-2018*

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