Selbyville, DE -- (SBWIRE) -- 03/20/2019 -- According to this study, over the next five years the Tunnel Boring Machine market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 3680 million by 2024, from US$ 3240 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tunnel Boring Machine business, shared in Chapter 3.

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 45.27% of production in total in 2015.

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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.

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 production of 64 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 report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Herrenknecht
CREC
CRCHI
Robbins
Tianhe
Wirth
Komatsu
Mitsubishi
NHI
Kawasaki
Ishikawajima - Harima
Terratec
SELI
Tianye Tolian
Hitachi Zosen Corporation
Xugong Kaigong
STEC

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This report presents a comprehensive overview, market shares, and growth opportunities of Tunnel Boring Machine market by product type, application, key manufacturers and key regions and countries. This study considers the Tunnel Boring Machine value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Soft ground TBMs
Hard Rock TBMs

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Railway and Highway
Municipal Engineering
City Rail System
Others

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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