Tunnel Boring Machine Market Size, Share, Growth Rate, Revenue, Applications, Industry Demand & Forecast to 2028

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A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, The machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
This report contains market size and forecasts of Tunnel Boring Machine in global, including the following market information:
Global Tunnel Boring Machine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tunnel Boring Machine Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Tunnel Boring Machine companies in 2021 (%)
The global Tunnel Boring Machine market was valued at 5062.4 million in 2021 and is projected to reach US$ 4482.7 million by 2028, at a CAGR of -1.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Soft Ground TBMs Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tunnel Boring Machine include Herrenknecht, CRGIC, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, Komatsu, NHI Group, Kawasaki and Terratec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tunnel Boring Machine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Tunnel Boring Machine Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Tunnel Boring Machine Market Segment Percentages, by Type, 2021 (%)
– Soft Ground TBMs
– Hard Rock TBMs
Global Tunnel Boring Machine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Tunnel Boring Machine Market Segment Percentages, by Application, 2021 (%)
– Railway and Highway
– Municipal Engineering
– City ??Rail System
– Others
Global Tunnel Boring Machine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Tunnel Boring Machine Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tunnel Boring Machine revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tunnel Boring Machine revenues share in global market, 2021 (%)
Key companies Tunnel Boring Machine sales in global market, 2017-2022 (Estimated), (Units)
Key companies Tunnel Boring Machine sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– Herrenknecht
– CRGIC
– CRCHI
– Tianhe Mechanical Equipment
– Liaoning Censcience Industry Co., Ltd
– Komatsu
– NHI Group
– Kawasaki
– Terratec
– Hitachi Zosen
– Shanghai Tunnel Engineering Co., Ltd
– Xugong Kaigong
– JIMT

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