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 $8.5 billion by 2030 from $6.4 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 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.
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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, Mammoetare 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 [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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