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Tunnel Boring Machine Market was valued at US$ 7.00 Bn in 2023 and is expected to grow at US$ 11.28 Bn in 2030. Tunnel Boring Machine Market size is expected to grow at a CAGR of 7.06 % through the forecast period.<br>
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Tunnel Boring Machine Marketglobal Analysis Report 2024-30 Published by: Chetana, HealthcareHead
Market Size & Overview: The Tunnel Boring Machine (TBM) market is witnessing substantial growth due to the rising demand for underground infrastructure projects, including metro rail systems, road tunnels, and water pipeline installations. With increasing urbanization and the need for efficient transportation solutions, TBMs have become essential for large-scale excavation projects, offering precision, efficiency, and reduced environmental impact.
Market Growth & Opportunities The market is driven by rapid urbanization, government investments in infrastructure development, and advancements in TBM technology. Opportunities lie in the growing adoption of automated and AI-powered TBMs, increasing demand for micro tunneling solutions, and expanding underground metro projects worldwide. The shift towards sustainable and eco-friendly tunneling methods also presents potential for innovation in TBM design and functionality. Sample Request
Market Segmentation • by End Users • Road Transport • Railway & Highway • Municipal Engineering • Railway Transport • Metro & Transit • Utilities • Mining • Oil & Gas • Others by Machine Type • Slurry TBM • Earth Pressure Balance Shield TBM • Shielded • Multi-Mode • Others by Product Type • Soft Ground TBM • Hard Rock Ground TBM • Heterogenous Ground TBM • Variable Ground TBM
Regional Analysis: North America: The market is growing due to increased investments in metro rail and underground infrastructure projects, particularly in the United States and Canada. Demand is driven by the need to modernize aging infrastructure and improve urban transportation systems. Europe: Europe remains a key market, with significant tunnel construction activities in countries like Germany, France, and the UK. Government initiatives for high-speed rail and cross-border connectivity projects are contributing to market expansion. Asia-Pacific (APAC): APAC dominates the TBM market due to large-scale metro and railway tunnel projects in China, India, and Japan. Rapid urbanization, coupled with government-led infrastructure programs, is fueling the demand for advanced TBMs in the region.
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Merges and Acquisition • A leading construction equipment manufacturer acquired a TBM technology firm to enhance its tunneling solutions portfolio and expand its global market presence. • A major TBM producer merged with an infrastructure development company to streamline tunneling operations and improve project efficiency. • A multinational engineering firm acquired a TBM supplier to strengthen its capabilities in underground excavation and expand its service offerings for large-scale infrastructure projects. Buy This Report
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