Los Angeles, CA -- (SBWIRE) -- 02/19/2019 -- 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 machines 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 we did include all of them.

In the past two years, the TBM market in China has seen significant increase because of the increasing investment in the infrastructure such as metro and railway construction and the government policy support. In the coming years the overcapacity of the market and the demand decrease in local market will cause decrease from 2019 especially the large diameter TBMs

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The TBM industry market is high concentrated as the manufacturing technology of TBM is relatively high and there are technology barriers. And some enterprises, like Herrenknecht, CREG and CRCHI etc. are well-known for the wonderful performance of their TBM and related services.

The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

The global Tunnel Boring Machine (TBM) market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Tunnel Boring Machine (TBM) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Tunnel Boring Machine (TBM) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Herrenknecht, CREG, CRCHI, Tianhe, LNSS, NHI, Komatsu, LXCE, STEC, CSSC

Segment by Type

Earth Pressure Balance Machines, Slurry Shield (SS), Shielded Type TBMs, Others

Segment by Application

City Rail System, Railway and Highway, Municipal Engineering, Others

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