Tunnel Boring Machine (TBM) Market Overview | Consumption Pattern | Key Vendors Company Profiles

The tunnel boring machine (TBM) market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.

Market Overview:

Global tunnel boring machine (TBM) market is anticipated to witness an exponential growth in the forecast period. A tunnel boring machine (TBM), also termed as a "Mole", is used to excavate tunnels with a circular cross section through a variation of rock and soil layers. They can be used for micro tunneling. Tunnel boring machines are used for special-purpose machines, mainly used in building tunnels for railways, roads, and pipelines.

Key Players:

• Herrenknecht
• CREC
• CRCHI
• Robbins
• Tianhe
• Wirth
• Komatsu
• Mitsubishi
• NHI

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Growth Drivers:

The factors that propel the growth of the market include increasing demand, growing urbanization, technological advancement, increase in expenditure on railway and road infrastructure, rising construction activities and they are used as a substitute to drilling and blasting (D&B) procedures.

On the other hand, there are factors that may hamper the growth of the market including difficult to transport and high cost. Tunnel boring machine market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Tunnel boring machine (TBM) market could be explored by type, application and geography. Market by type could span Soft Ground TBMs and Hard Rock TBMs.

Market Segment:

Key Type 
• Soft Ground TBMs
• Hard Rock TBMs

Market Application
• Railway and Highway
• Municipal Engineering
• City Rail System

Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Regional Insights:

Asia-Pacific accounted for the major share of the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include development of technology and industry, rising demand, increasing government spending on infrastructure and rapid rail and road network development in the region. Asia-Pacific is followed by North American and European region owing to increasing expenditure on roads in the region.

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