Global Tunnel Boring Machine (TBM) Market to Surpass USD 11.03 billion By 2031| Growth Market Reports

News provided by

Jun 12, 2023, 10:01 ET

PUNE, India, June 12, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Tunnel Boring Machine (TBM) Market Segments - By Type (Soft Ground TBMs, Hard Rock TBMs, Others), Application (City Rail Systems, Railway and Highway, Municipal Engineering, and Others), Sales Channel (Direct Sales and Indirect Sales), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 6.99 billion in 2022 and is expected to surpass USD 11.03 billion expanding at a CAGR of 5.2% by the end of 2031. Growing popularity of micro tunneling is likely to propel the market during the forecast period.

Key Market Players Profiled in the Report

China Railway Construction Heavy Industry Co., Ltd.
DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD
Herrenknecht AG
Liaoning Censcience Industry Co., Ltd
Komatsu
Robbins
Normet
E-Berk Tunneling & Foundation Technologies
EM Korea
China Railway Engineering Equipment Group Co., Ltd.
Kawasaki Heavy Industries, Ltd
IHI Corporation
TERRATEC Ltd.
Hitachi Zosen Corporation

Download PDF Sample here: https://growthmarketreports.com/request-sample/4056

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include type, application, sales channel, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/4056

Highlights on the Segments of the Global Tunnel Boring Machine (TBM) Market

On the basis of region, the global Tunnel Boring Machine (TBM) market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market due to the advancements in technology.

Europe is expected to be a rapidly growing region in the global market during the projected period due to the presence of key players.

To Buy the Complete Report: https://growthmarketreports.com/report/tunnel-boring-machine-market-global-industry-analysis

Key Takeaways from the Study:

Tunnel boring machines provide services and solutions for excavation.
These machines are used for micro tunneling, designed to bore through hard rock.
Increasing disposable income supports various projects, which is expected to boost the market during the forecast period.
Rising investments in road and railway infrastructure development is anticipated to fuel the market in the coming years.
The city rail systems segment is projected to expand at the fastest CAGR during the forecast period. Tunnel boring machines are employed in the generation of connectivity for local stations.
The municipal engineering segment is anticipated to hold a major share of the market as municipal engineers work on underground construction.
The indirect sales segment is expected to dominate the market during the forecast period. Indirect sales allow business growth by using different channels.

Read 232 Pages Research Report with Detailed TOC on "Global Tunnel Boring Machine (TBM) Market Segments - by Type (Soft Ground TBMs, Hard Rock TBMs, Others), Application (City Rail Systems, Railway and Highway, Municipal Engineering, and Others), Sales Channel (Direct Sales and Indirect Sales), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"

Get Full Access to this Report: https://growthmarketreports.com/checkout/4056

Key Segments Covered

Type

Soft Ground TBMs
Hard Rock TBMs
Others

Application

City Rail Systems
Railway and Highway
Municipal Engineering
Others

Sales Channel

Direct Sales
Indirect Sales

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Other Related Reports:

Wind Tunnel Market Segments - by Type (Horizontal and Vertical), Application (Racing Championship, Transportation, Adventure Sports Skydiving, Aerospace & Defense, Building Construction & Wind Energy, and Training & Stimulation), Solution (Products and Services), Airspeed (Transonic, Hypersonic, Subsonic, and Supersonic), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Global Monitoring Systems for Tunnel Ventilation Market by Type (Multipoint, Detached), By Application (Highway Tunnels, Railway Tunnels, Subway Tunnels, Other Tunnels), And by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030
Global Tunnel Monitoring System Market by Offering (Software, Hardware, Services), by Tunnel type (Railway Tunnel, Highway Tunnel), by Organization size (Wireless, Wired), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast To 2028
Global Tunnel Freezer Market by Type (Plate Belt Tunnel, Dual Belt Tunnel, High Performance Tornado Tunnel, Sanitary Clean Tunnel, Other), By Application (Meat, Fish, Seafood, Dairy, Bakery products), And By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

Contact:

Alex Mathews
7th Floor, Siddh Icon,
Baner Road, Pune.
Maharashtra – 411045. India.
Phone: +1 909 414 1393
Email: [email protected]
Web: https://growthmarketreports.com/
Twitter: https://twitter.com/growth_reports
LinkedIn: https://www.linkedin.com/company/growth-market-report/