Press release
Latest COVID19/CORONA Virus Impact on Global Tunnel Boring Machine Market 2020 Analysis with Market Positioning of Key Vendors: Herrenknecht AG, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Komatsu
The Tunnel Boring Machine is also referred as TBM which used in creating tunnels for roads, railways, and pipeline. This machine excavates circular tunnels through a variety of rock and soil. These machines are effective for catering smooth cut and finishing through the rocks along with constructing concrete shields around the bored tunnels.The increase in spending on road and railway infrastructures across the globe is the key driving actor which is expected to boost the global tunnel boring machine market growth. The tunnel nboring machines provide various advantages including easily trained operation, worker safety, automated operation, and less rock damage is expected to fuel the market growth. The growing metropolitan rail infrastructure projects promote the global tunnel boring machines market growth. Moreover, the growing government investment on railway, pipelines, and road infrastructure will positively influence the market growth. In addition, the rise in demand for tunnel boring machines from various end use industries such as mining, transportation, and public utility and many other is expected to support the market growth during this forecast timeline.
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The tunnel boring machines are expensive and also they are difficult to transport which may hamper the global tunnel boring machines market growth over the forecast period.
Market Segmentation
The Global Tunnel Boring Machine Market is segmented into machine type such as Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-mode TBM, and Others, by Geology Type such as Soft Ground, Hard Rock Ground, Heterogeneous Ground, and Variable Ground. Further, market is segmented into end user such as Oil & Gas, Mining, Utilities, Metro & Transit, Road Transport, Railway Transport, and Others.
Also, the Global Tunnel Boring Machine Market is segmented into five regions such as North America, Latin America Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Herrenknecht AG, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Komatsu, Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd., Hitachi Zosen Corporation, Terratec Ltd., The Robbins Company Inc., and SELI S.p.A., etc.
Market Taxonomy
By Machine Type
• Slurry TBM
• Earth Pressure Balance Shield TBM
• Shielded TBM
• Multi-mode TBM
• Others
By Geology Type
• Soft Ground
• Hard Rock Ground
• Heterogeneous Ground
• Variable Ground
By End User
• Oil & Gas
• Mining
• Utilities
• Metro & Transit
• Road Transport
• Railway Transport
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
Research Support Specialist
QualiKet Research
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Website: https://qualiketresearch.com
About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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