Tunnel Boring Machine Market Forecast to 2027 - COVID-19 Impact and Global
Analysis By Type (Slurry TBM, Earth
Pressure Balance Shield TBM, Open
Gripper TBM, Shielded TBM, Multi-Mode
TBM, and Other Types), Geology (Soft Ground, Hard Rock Ground, Variable Ground, and Heterogeneous Ground), and End-User (Transportation, Metals & Mining, Oil & Gas, and Other End-Users)
The tunnel boring machine market was valued at US$ 6,236.13 million in 2019 and is projected to reach US$ 9,434.24 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.
A tunnel boring machine is used to excavate tunnels. The machine can bore through numerous ground conditions such as soft ground, hard rock, variable, and heterogeneous ground. The tunnel diameters can range from 1 meter to ~16 meters. The machine is incorporated with an innovative navigation system to ensure that it digs precisely along the tunnel alignments. It is scrutinized 24 hours a day, seven days a week, and fully equipped with staff facilities.
By Type
Slurry TBM
Earth Pressure Balance Shield TBM
Open Gripper TBM
Shielded TBM
By Hybridization Technique
Soft Ground
Hard Rock Ground
Variable Ground
By Geography
North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
South and Central America (SCAM)
Company Profiles in Tunnel Boring Machine Market are:
CREG TBM Germany GmbH
DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD.
Herrenknecht AG
Hitachi Zosen corporation
IHI Corporation
Kawasaki Heavy Industries, Ltd.
Komatsu Ltd.
The Robbins Company
TERRATEC Ltd.
