Pipe Jacking Machine Market
Pipe Jacking Machine Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Pipe Jacking Machine Market Size and Growth
The Pipe Jacking Machine market is experiencing robust growth due to increasing urbanization and infrastructure development. In 2023, the market size is valued at approximately $1.2 billion, with a projected CAGR of 5.2% over the next five years. Key trends include technological advancements and rising demand for efficient tunneling solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Akkerman
◍ mts Microtunneling Systems GmbH
◍ Tangxing Machinery
◍ Zhenjiang Hongyu Mechanical and Electrical Equipment
◍ Rasa Industry
◍ Herrenknecht Ag
The Pipe Jacking Machine Market features key players like Akkerman, Herrenknecht AG, and mts Microtunneling Systems GmbH, enhancing market growth through innovative technologies and diverse applications in construction. Companies focus on quality, efficiency, and expanding product lines to meet rising demand, contributing to overall market expansion. Revenue figures include:
- Herrenknecht AG: €1.5 billion
◍ China Railway Construction Heavy Industry
◍ Realtop Heavy Industry
◍ Spusen Machine
◍ Yangzhou Guangxin Heavy Industry
- Akkerman: $100 million
- China Railway Construction Heavy Industry: $8 billion
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Market Segmentation
By Application
By Product
Others ◍ Tap Water Industry
Oil and Gas Industry ◍ Traffic Tunnel ◍ Others
◍ Earth Pressure Balancing Pipe Jacking Machine ◍ Mud-Water Balancing Pipe Jacking Machine
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Market Growth
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$ X Billion USD
