According to a market report by Lucintel, the future of the global tunnel boring machine market looks promising with opportunities in the mining, oil & gas, transport, and utility markets. The global tunnel boring machine market is expected to reach an estimated $9 billion by 2030 from $6 billion in 2024 at a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing mining activities across the globe and fast urbanization, smart city initiatives across the globe, and infrastructure development on roads and trains, as well as government funding for railway pipeline projects.
A more
than 150-page report to understand trends, opportunity and forecast in global tunnel
boring machine market to 2030 by product (hard rock, soft ground, and
heterogeneous ground), end use industry (mining, oil & gas, transport,
utility, and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World).
Lucintel
forecasts that, within the product category, hard rock is expected to witness
the highest growth over the forecast period due to specialized design for
challenging geological conditions, offering high torque, thrust, and
versatility crucial in various construction and mining projects.
Within the
end use category, transport is expected to witness the highest growth due to
widely utilization in the transportation sector to build tunnels and
underground passages, including those for roads, railways, and subway systems.
Download
sample by clicking on tunnel boring
machine market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period due to substantial investments in regional transportation
infrastructure, encompassing underground metro systems and high-speed rail
networks.
Kawasaki
Heavy Industries, Herrenknecht, The Robbins Company, TERRATEC, Mitsubishi Heavy
Industries, Komatsu, SN Mercantile, High Speed Two, Amberg Engineering, Mammoet
are the major suppliers in the tunnel
boring machine market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Automatic Rotating Slide Table Market
No comments:
Post a Comment