Los Angeles, CA -- (SBWIRE) -- 09/18/2019 -- A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, The machine is used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research includes all of them.
In recent years, international manufacturers of Tunnel Boring Machine (TBM) have cooperation with Chinese enterprises and China has become the world's largest TBM manufacturer which occupied more than 64% of production in total in 2017. At present, in the foreign industrial developed countries the Tunnel Boring Machine (TBM) industry is generally at a more advanced level. In Japan, Europe and the United States manufacturer of TBM still has a considerable size. The consumption volume of TBM in Europe was about 77 Units, which was follow by US, with a volume of 48 Units.
Tunnel Boring Machine (TBM) can be used in the process of Subway, tunnel, Water conservancy project, mine, etc. With the development of industry and technology, the potential market for Tunnel Boring Machine (TBM) is still huge. The global Tunnel Boring Machine (TBM) market was 4740 million US$ in 2018 and is expected to 4370 million US$ by the end of 2025, growing at a CAGR of -1.0% between 2019 and 2025.
This report studies the Tunnel Boring Machine (TBM) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Tunnel Boring Machine (TBM) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Herrenknecht
CRTG
CRCHI
Tianhe
LNSS
Komatsu
Mitsubishi
NHI
Kawasaki
IHI
By the product type, the market is primarily split into
Soft Ground TBMs
Hard Rock TBMs
By the end users/application, this report covers the following segments
City Rail System
Railway and Highway
Municipal Engineering
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