Tunnel Boring Machine Market Market Is Booming Worldwide | Top key Players Like CRCHI, Ishikawajima-Harima, CRTE, Herrenknecht, Hitachi Zosen, Kawasaki, and Komatsu

Rising investment on infrastructure projects and increasing focus towards micro-tunneling have fueled the growth of the market. On the other hand, high cost and lack of flexibility have happened to curb the growth to certain extent.

The report provides an extensive analysis of market dynamics, top investment pockets, market definition & scope, key market trends and market size. According to the report, the global tunnel boring machine market was pegged at $5.1 billion in 2017 and is projected to garner $8.3 billion by 2025, registering a CAGR of 6.4% during the period 2018–2025.

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Asia- Pacific to reap the largest share-

Based on region, the market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA). Asia-Pacific held the largest share in 2017, contributing about nearly two-fifths of the market, and is also expected to dominate the market throughout the forecast period.

Heterogenous Ground to dominate the market-

By geology type, Heterogenous Ground segment accounted for more than one-third of the total market in 2017 and is expected to maintain its top status till 2025. This is in terms of TBM application owing to additional safety provided by non-homogeneous, less stable geological conditions.

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Key Findings of the Tunnel Boring Machine Market:
• 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.
• The soft ground segment is projected to grow at a CAGR of 6.8% during the forecast period.
• Asia-Pacific is projected to register the highest growth rate in the years to come.

Major market players-

The report analyzes the key market players including CRCHI, Ishikawajima-Harima, CRTE, Herrenknecht, Hitachi Zosen, Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd, Kawasaki, and Komatsu. Robbins. Adopting product development and collaboration as its key developmental strategies, these companies have become able to sustain the intense competition.

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