The Tunnel Boring Machine (TBM) Sales Market size was valued at USD 5.89 Billion in 2022 and is projected to reach USD 11.47 Billion by 2030, growing at a CAGR of 7.49% from 2022 to 2030.

Tunnel Boring Machine (TBM) Sales Market Overview

Due to population growth and the level of urbanization, road infrastructure and construction businesses worldwide are expanding at a rapid pace, especially in developed and developing countries. The global market is driven by rising government infrastructure spending and the rapid expansion of road networks across all countries. Tunnel excavators are in high demand due to investments in new transport infrastructure and upgrades of current infrastructure in many potential countries. Infrastructure upgrades, the growth of smart cities, and growing trends in tunnel automation are all driving the global industry forward. Several governments in major countries are working on tunnel designs to improve road travel and shorten travel times.

The Tunnel Boring Machine (TBM) Sales Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Tunnel Boring Machine (TBM) Sales market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Herrenknecht AG, Hitachi Zosen Corporation, Jim Technology Corporation, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Komatsu, Terratec Ltd., Northern Heavy Industries Group Co.Ltd., SELI, Xugong Kaigong, STEC, Shanghai Tunnel Engineering Co.Ltd., Tianye Tolian, China Railway Construction Heavy Industry Co. Ltd, Tolian Corporation,, Certified Red Team Expert (CRTE), Ishikawajima-Harima Heavy Industries Co, Ltd, The Robbins Company, Inc, Bosh Rexroth AG, TBM Germany GmbH, and others.

Industry Development:

• In June 2020, In June, Herrenknecht AG’s largest tunnel boring equipment ever utilised in Europe successfully finished its drive. Herrenknecht’s supersize borer (Earth Pressure Balance Shield, 15.87 metres in diameter).
• September 2019- Terratec Ltd. has entered into an agreement with Maharashtra Metro Rail Corporation Ltd. to ship four tunnel boring machines to India for Pune metro.

What are the major Applications, Types, and Regions for the Tunnel Boring Machine (TBM) Sales Market?

On the Basis of Type:

• Slurry TBM
• Earth Pressure Balance Shield TBM
• Shielded TBM
• Multi-Mode TBM
• Others

By Geology Type

• Soft Ground
• Hard Rock Ground
• Heterogenous Ground
• Variable Ground

On the Basis of Application:

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

Tunnel Boring Machine (TBM) Sales Market Regional Insights:

On the basis of region, the global Tunnel Boring Machine (TBM) market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America has seen rapid growth in the global Tunnel Boring Machine (TBM) sales market as the Canadian and US markets have developed significantly in recent years. The upward trend is expected to continue as the region continues to make significant progress in road and rail transport, oil and gas, and mining. The need to quickly and safely build smooth tunnels in all types of geologic types, including soft, wet rock, or unstable ground, has increased the reliance on tunnel excavators. Rapid end-use applications in industries such as oil and gas, mining, offshore drilling, rail transportation, road transportation, and metro are driving the global tunneling machine (TBM) sales market.

Geographically, the global Tunnel Boring Machine (TBM) Sales market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Tunnel Boring Machine (TBM) Sales Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 7.49% from 2022 to 2030.
By Type	Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM, Others
By Geology Type	Soft Ground, Hard Rock Ground, Heterogenous Ground, Variable Ground
By Application	City Rail System, Railway and Highway, Municipal Engineering, Others
By Companies	Herrenknecht AG, Hitachi Zosen Corporation, Jim Technology Corporation, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Komatsu, Terratec Ltd., Northern Heavy Industries Group Co.Ltd., SELI, Xugong Kaigong, STEC, Shanghai Tunnel Engineering Co.Ltd., Tianye Tolian, China Railway Construction Heavy Industry Co. Ltd, Tolian Corporation,, Certified Red Team Expert (CRTE), Ishikawajima-Harima Heavy Industries Co, Ltd, The Robbins Company, Inc, Bosh Rexroth AG, TBM Germany GmbH, and others.
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Frequently Asked Questions (FAQ) about the Tunnel Boring Machine (TBM) Sales market:

What is the CAGR of the global Tunnel Boring Machine (TBM) Sales market?

The Tunnel Boring Machine (TBM) Sales Market is growing at a CAGR of 7.49% during the forecast period.

Which region would offer high growth for vendors in the Tunnel Boring Machine (TBM) Sales market?

North America has seen rapid growth in the global Tunnel Boring Machine (TBM) sales market

Which Is the Most potential market segment?

By Types- Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM, Others

By Applications - City Rail System, Railway and Highway, Municipal Engineering, Others

Which are the top industry players in the Tunnel Boring Machine (TBM) Sales market?

Herrenknecht AG, Hitachi Zosen Corporation, Jim Technology Corporation, Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Komatsu, Terratec Ltd., Northern Heavy Industries Group Co.Ltd., SELI, Xugong Kaigong, STEC, Shanghai Tunnel Engineering Co.Ltd., Tianye Tolian, China Railway Construction Heavy Industry Co. Ltd, Tolian Corporation,, Certified Red Team Expert (CRTE), Ishikawajima-Harima Heavy Industries Co, Ltd, The Robbins Company, Inc, Bosh Rexroth AG, TBM Germany GmbH, and others.

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