Global Tunnel Boring Machine market cagr 5.00%

Tunnel Boring Machine Market

Tunnel Boring Machine Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

Tunnel Boring Machine Market Size and Growth

The tunnel boring machine market research reports indicate a growing demand for these machines due to an increase in infrastructure projects worldwide. The market size is projected to reach $7.74 billion by 2027, driven by advancements in tunneling technology and government initiatives to improve transportation systems.

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Companies Covered

(Covid 19 Impact Covered)

◍ Herrenknecht

◍ CRGIC

◍ CRCHI

◍ Tianhe Mechanical Equipment

◍ Liaoning Censcience Industry Co., Ltd

◍ Komatsu

◍ NHI Group

◍ Kawasaki

◍ Terratec

◍ Hitachi Zosen

◍ Shanghai Tunnel Engineering Co., Ltd

◍ Xugong Kaigong

◍ JIMT

The Tunnel Boring Machine Market is highly competitive with key players such as Herrenknecht, CRGIC, CRCHI, Tianhe Mechanical Equipment, and others. These companies use advanced technologies and innovation to provide efficient tunneling solutions, contributing to the growth of the market.

- Herrenknecht: €1.3 billion

- Komatsu: $24.3 billion

- Hitachi Zosen: ¥806.3 billion

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Market Segmentation

By Application

◍ Railway and Highway

◍ Municipal Engineering

◍ City Rail System

◍ Others

By Product

◍ Soft Ground TBMs

◍ Hard Rock TBMs

Market Growth

$ 1.20 Billion

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