The global Tunnel Boring Machine market size is expected to reach $8.50 Billion by 2028 growing at the CAGR of 6.20% from 2021 to 2028. This growth is attributed to several macro and micro economic factors such as
- Increase in infrastructure in the railway and road highways are the driving factor for tunnel boring machine market.
- Driver 2
Further several factors restraining the market growth include
- Restraining 1
- Restraining 2
Collaborations and Alliances in the Tunnel Boring Machine market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Tunnel Boring Machine market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
In terms of COVID 19 impact, the Tunnel Boring Machine market report also includes following data points:
- Impact on Tunnel Boring Machine market size
- End User Trend, Preferences and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Tunnel Boring Machine market
Key Insight in the report:
The global Tunnel Boring Machine market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which include following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Tunnel Boring Machine market is analyzed across below-mentioned different segments:
- Machine Type
- Slurry TBM
- Earth Pressure Balance Shield TBM
- Shielded TBM
- Multi-Mode TBM
- Others
- Application
- Road Transport
- Railway Transport
- Metro & Transit
- Utilities
- Mining
- Others
Tunnel Boring Machine market is also analyzed across below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in Tunnel Boring Machine market include:
- China Railway Construction Heavy Industry Co. Ltd.
- Herrenknecht AG
- China Railway Engineering Equipment Group Co., Ltd.
- Dalian Huarui Heavy Industry Group Co., Ltd.
- Hitachi Zosen Corporation
- IHI Corporation
- Kawasaki Heavy Industries Ltd
- Komatsu Ltd.
- Northern Heavy Industries Group Co., Ltd. (The Robbins Company, Inc.)
- Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Tunnel Boring Machine market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of Tunnel Boring Machine market
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