Tunnel Boring Machine Market Reach USD 9,434.24 Million by 2027 at 5.7% CAGR - Impact of COVID-19 Pandemic | Global Analysis by The Insight Partners

Tunnel Boring Machine Market was valued at US$ 6,236.13 million in 2019 and is projected to reach US$ 9,434.24 million by 2027; it is expected to grow at a CAGR of 5.7% during 2020 - 2027. Growth in road infrastructure is one of the significant factors propelling the market growth. Rising government investment in railway projects is anticipated to drive the global tunnel boring machine market.

Worldwide Tunnel Boring Machine Market Analysis to 2027 is a specialized and in-depth study of the Tunnel Boring Machine Industry with a focus on the global market trend. The report aims to provide an overview of global Tunnel Boring Machine Market with detailed market segmentation by product/application and geography. The global Tunnel Boring Machine Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Tunnel Boring Machine players and offers key trends and opportunities in the market.

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The global road infrastructure and construction industry is growing at an impressive pace due to rising population and urbanization levels, especially in the developed and developing regions of the world. Rising government expenditure on infrastructure and swiftly growing road network expansions across all the countries are driving the global market. Spending on new transport infrastructure in various potential countries and upgrade of existing infrastructure are fueling the demand for tunnel boring machines. Infrastructure upgrading activities, development of smart cities, and rise in trend of tunnel automation are some of the major factors fueling the global market.

Top Dominating Key Players:

1. China Railway Construction Heavy Industry Co., Ltd.
2. CREG TBM Germany GmbH
3. DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD.
4. Herrenknecht AG
5. Hitachi Zosen corporation
6. IHI Corporation
7. Kawasaki Heavy Industries, Ltd.
8. Komatsu Ltd.
9. The Robbins Company
10. TERRATEC Ltd.

Key Benefits:

To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Tunnel Boring Machine Market.

To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Tunnel Boring Machine Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Tunnel Boring Machine Market segments and regions.

Scope of the study:

The research on the Tunnel Boring Machine Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Tunnel Boring Machine Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Tunnel Boring Machine Market Segmentation :

Tunnel Boring Machine Market – by Type

Slurry TBM
Earth Pressure Balance Shield TBM
Open Gripper TBM
Shielded TBM
Multi-Mode TBM
Other Types

Tunnel Boring Machine Market – by Geology

Soft Ground
Hard Rock Ground
Variable Ground
Heterogeneous Ground

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

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The Insight partners,
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Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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