Tunnel Boring Machine Market Scope And Analysis

Report Code : TIPRE00005808
Category : Manufacturing and Construction

No. of Pages : 150

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Tunnel Boring Machine Market Analysis Report 2023 to 2031

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Tunnel Boring Machine Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 6.3 Billion
Market Size by 2031	US$ 9.7 Billion
Global CAGR (2023 - 2031)	5.6%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Type Slurry Tunnel Boring Machine Earth Pressure Balance Shield TBM Open Gripper TBM Shielded TBM Multi-Mode TBM By Geology Soft Ground Hard Rock Ground Variable Ground Heterogeneous Ground By End-User Transportation Metals and Mining Oil & Gas
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	China Railway Construction Heavy Industries Ltd Kawasaki Heavy Industries Ltd CREG TBM Germany GmbH Terratec Ltd Herrenknecht AG Hitachi Zosen Corporation IHI Corporation Komatsu Limited The Robbins Company and Japan Tunnel Systems Corporation

Tunnel Boring Machine Market News and Recent Developments

The tunnel boring machine market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the tunnel boring machines market are listed below:

In November 2023, the Valley Transportation Authority purchased a tunnel boring machine from Herrenknecht for its BART Silicon Valley Phase II project. This strategy has increased the customer base for Herrenknecht and strengthened the position of the company in this market.
In August 2020, the largest tunnel boring machine by Herrenknecht AG ever used in Europe completed its drive in June. The supersize borer (Earth Pressure Balance Shield, diameter 15.87 meters) was manufactured by Herrenknecht.

Tunnel Boring Machine Market Report Coverage and Deliverables

The "Tunnel Boring Machine Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Tunnel boring machine market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Tunnel boring machine market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Tunnel boring machine market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tunnel boring machine market
Detailed company profiles