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Global Tunnel Boring Machine (TBM) Market Expected to Reach 4980 Million USD by 2025

The global Tunnel Boring Machine (TBM) market is valued at 3780 million USD in 2017 and is expected to reach 4980 million USD by the end of 2025, growing at a CAGR of 3.5% between 2018 and 2025.

 

City of Industry, CA -- (SBWIRE) -- 09/06/2018 -- This report studies the global Tunnel Boring Machine (TBM) industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.

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 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 47.94% of production in total in 2016.

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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 73 Units, which was follow by US, with a volume of 57 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 is valued at 3780 million USD in 2017 and is expected to reach 4980 million USD by the end of 2025, growing at a CAGR of 3.5% between 2018 and 2025.

This research report categorizes the China and global Tunnel Boring Machine (TBM) market by type, end-use industry, and region.

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International Manufacturers Covered

Herrenknecht

Robbins

Komatsu

Mitsubishi

Kawasaki

Terratec

SELI

Hitachi Zosen Corporation

JIMT

China Local Manufacturers Covered

CREC

CRCHI

Tianhe

LNSS

NHI

Ishikawajima-Harima

Tianye Tolian

Xugong Kaigong

STEC

By Type

Soft Ground TBMs

Hard Rock TBMs

By Application

City Rail System

Railway and Highway

Municipal Engineering

Others

By Region

United States

Europe

Japan

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About QYResearch
QYResearch established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.