The latest report on Tunnel Boring Machine Market by Infinium Global Research gives complete coverage of the Tunnel Boring Machine Market by product type (include soft ground TBM, and hard ground TBM), application (railway & highway, municipal engineering, and others) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Tunnel Boring Machine such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Growing Government Investment on the Railway, Pipelines, and Road Infrastructures Across the Globe Escalates the Demand for the Industry
A tunnel boring machine is a massive set of complex equipment assembled together to excavate a tunnel through a variety of soil and rock strata. They are also used in microtunneling. These machines particularly used in the process of the tunnel, water conservancy project and mine. Additionally, TBM is particularly used in building tunnels for railways, roads, and pipelines. The type of machines used depends on the particularly geology of the project. The diameter of tunnel boring machines ranges from one metre to 17.6 metres. The tunnel boring machines are particularly used for soft grounds. The types of tunnel boring machines used commercially are a slurry shield (SS), earth pressure balance machines (EPB) and open-face type.
The advantages offered by tunnel boring machines such as greater worker safety, continuous operations, easily trained operation, automated operation, and less rock damage is expected to drive the tunnel boring machine market. The tunnel networks connect major cities within the country, sometimes even international. The rapidly rising metropolitan rail infrastructure projects promote market growth.
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Growth Opportunities for the Tunnel Boring Machine Industry
Moreover, the growing government investment on the railway, pipelines, and road infrastructures across the globe escalates the demand for the market. In addition, increasing demand for tunnel boring machine from mining, transportation, and public utility and many other purposes boost the growth of the tunnel boring machine market. However, tunnel boring machines are expensive to construct and are difficult to transport, that hinders the growth of the market. Furthermore, manufacturing of technologically advanced machines that are easy to assemble and transport creates significant growth opportunities for the global tunnel boring market in coming years.
On the basis of geography, the global tunnel boring machine market is segmented into North America, Europe, Asia Pacific, and RoW. The Asia Pacific region is anticipated to be the largest share for tunnel boring machine market due to growing government expenditure on rail and road infrastructure. As per, Timetric’s Construction Intelligence Center (CIC), Asia Pacific leads globally in railway investment. China has the world largest manufactures of tunnel boring machine. Going further, the growing expenditure on railway and road projects network in countries such as India and South Korea is anticipated to provide growth opportunities for the tunnel boring machine market.
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- Comprehensive analysis of global as well as regional markets of the Tunnel Boring Machine.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.