The global tunnel boring machine market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028. More Info:- https://www.imarcgroup.com/tunnel-boring-machine-market

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Global Tunnel Boring
Machine Market Research
and Forecast Report 2023-
2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Tunnel Boring Machine Market Research Report:
The latest report by IMARC, titled “Tunnel Boring Machine Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2023-2028” " finds that the global tunnel boring machine
market size reached US$ 5.5 Billion in 2022.
A tunnel boring machine (TBM) is used to excavate tunnels through various soil and rock strata. It
reduces the disturbance and produces a smooth tunnel wall as compared to the drilling and blasting
(D&B) and conventional hand mining method. It also minimizes the cost of lining and makes the tunnel
suitable for use in urbanized areas.
It also offers several advantages, such as less rock damage, continuous operation, fewer support
requirements, and enhanced efficiency and worker safety. Owing to these benefits, TBM finds
extensive applications across the mining and construction industries.
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market/requestsample

4. Report Description
Report Description and Highlights
Global Tunnel Boring Machine Market Trends:
The market is primarily driven by the rising product adoption in the mining industry. In addition, the increasing
government expenditure on infrastructural development, like the construction of highways and buildings, represents
another major growth-inducing factor. Besides this, the market is also propelled by the growing tunnel safety
regulations and the developing underground infrastructure across the globe. Additionally, the rising awareness about
the advantages of TBMs, such as high gravity, viscosity, and stability under high pressure, is accelerating the product
adoption rate.
Moreover, key players are focusing on various micro tunnel activities to construct several kilometers of underground
infrastructure and increase their overall sales and profitability, which is anticipated to augment the market growth in
the coming years. Looking forward, IMARC Group expects the market value to reach US$ 7.1 Billion by 2028,
exhibiting a CAGR of 3.9% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Machine Type:
• Slurry TBM
• Earth Pressure Balance Shield TBM
• Shielded TBM
• Multi-Mode TBM
• Others
Breakup by Product Type:
• Soft Ground TBM
• Hard Ground TBM
Breakup by Application:
• Traffic Tunneling
• Utility Tunneling
Breakup by End User:
• Road Transport

6. Report Description
Report Description and Highlights
• Railway Transport
• Metro and Transit
• Utilities
• Mining
• Oil and Gas
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe

7. Report Description
Report Description and Highlights
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

8. Competitive Landscape with Key Players:
• Akkerman Inc
• China Railway Construction Heavy Industry Corporation Limited
• China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry
Corporation Limited)
• Dalian Huarui Heavy Industry Group Co. Ltd.
• Herrenknecht AG
• Hitachi Zosen Corporation
• IHI Corporation
• Kawasaki Heavy Industries Ltd.
• Komatsu Ltd.
• Northern Heavy Industries Group Co. Ltd.
• Sika AG
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/tunnel-boring-machine-
market
Report Description
Report Description and Highlights

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be
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taping or by information storage or retrieval, or by any other form, without the express consent of
International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market
Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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