Tunnel Boring Machine (TBM) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Tunnel Boring Machine (TBM) Market Size
The global Tunnel Boring Machine (TBM) revenue was US$ 4366.4 million in 2022 and is forecast to a readjusted size of US$ 4914.4 million by 2029 with a CAGR of 2.0% during the forecast period (2023-2029).

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and India Tunnel Boring Machine (TBM) Market
A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, the machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
In India, the Tunnel Boring Machine (TBM) revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global tunnel boring machine (TBM) key players include Herrenknecht, CRCHI etc. Global top 3 manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 60%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, soft ground TBMs is the largest segment, with a share over 55%. And in terms of application, the largest application is city rail system, followed by railway and highway.
This report focuses on global and India Tunnel Boring Machine (TBM) market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Tunnel Boring Machine (TBM) will continue to grow rapidly in the future.

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Segment by Type
• Soft Ground TBMs
• Hard Rock TBMs

Segment by Application
• City Rail System
• Railway and Highway
• Municipal Engineering
• Others

By Company
CRHIC, Herrenknecht, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, JIMT, Robbins, Komatsu, Shanghai Tunnel Engineering Co., Ltd, Hitachi Zosen, Kawasaki, Terratec, Xugong Kaigong

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