Global Tunnel Boring Machine Industry: Post COVID Growth Opportunity Analysis, Key Players | China Railway Construction Heavy Industry Co. Ltd., Herrenknecht AG, and China Railway Engineering Equipment Group Co., Ltd.

The global Tunnel Boring Machine market size is expected to reach $8.50 Billion by 2028 growing at the CAGR of 6.20% from 2021 to 2028.

The tunnel boring machine industry has been expanding at a high rate in the global market. This is because governments and other emerging companies have been regulating and enforcing design and building codes requiring networked rail and roadways throughout their countries. It's the need for more manageable and discrete construction of these essential components of modern life that drives the tunnel boring machine industry. Another force driving industries such as this one is those who prefer to work with smaller, yet still effective methods of micro-tunneling instead of using traditional sizes currently available on the market.

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Key Players
Some of the major Tunnel Boring Machine players holding high market share include China Railway Construction Heavy Industry Co. Ltd., Herrenknecht AG, and China Railway Engineering Equipment Group Co., Ltd. These players use acquisition and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● IChina Railway Construction Heavy Industry Co. Ltd.
● Herrenknecht AG
● China Railway Engineering Equipment Group Co., Ltd.
● Dalian Huarui Heavy Industry Group Co., Ltd.
● Hitachi Zosen Corporation
● IHI Corporation
● Kawasaki Heavy Industries Ltd
● Komatsu Ltd.
● Northern Heavy Industries Group Co., Ltd. (The Robbins Company, Inc.)
● Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.

The recently published research report on Global Tunnel Boring Machine Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Tunnel Boring Machine market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Tunnel Boring Machine market report also includes the following data points:
● COVID19 Impact on Tunnel Boring Machine market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Tunnel Boring Machine market

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Segmental Analysis

Market Segment By Macine Type with focus on market share, consumption trend, and growth rate of Tunnel Boring Machine Market:
o Slurry TBM
o Earth Pressure Balance Shield TBM
o Shielded TBM
o Multi-Mode TBM
o Others

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Tunnel Boring Machine Market:
o Road Transport
o Railway Transport
o Metro & Transit
o Utilities
o Mining
o Others

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The largest share in the tunnel boring market is held by the Asia-Pacific region owing to an increase in tunnel projects and increasing expenditure on the infrastructure mainly in road and rail networks in the country like China and India. South Korea is another country that has the most sophisticated underground factories on rails. These tunnels are crucial to both people living in urban areas with rail networks, as well as local governments who see tunnels as a way of building vast infrastructures without demolishing structures.

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