Product ID: UCMIG20I2053
Tunnel Boring Machine Market Size, Share, Growth Analysis, By MACHINE TYPE(Slurry TBM, Earth Pressure Balance Shield TBM), By GEOLOGY TYPE(Soft Ground, Hard Rock Ground), By END-USERS(Road Transport, Railway Transport), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG20I2053 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Tunnel Boring Machine Market Insights
Market Overview:
Tunnel boring machine market growth is expected to be driven by an increase in infrastructure in railways and road highways. Furthermore, government investment in railway pipeline projects is expected to cater to the tunnel boring machine market growth. Tunnel boring machines are used for water pipeline projects, hydropower projects, oil and gas pipelines, and other projects, which increases demand for tunnel boring machines. The tunnel boring machine market is expected to grow due to rapid urbanisation and industrialization in developing countries such as India and China. It is anticipated to drive the growth of the tunnel-boring machine market by tunnel boring machine manufacturers focusing on micro-tunneling activities which are projected to surge the demand for tunnel-boring machines.
Tunnel Boring Machine Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Tunnel Boring Machine Market Report Snapshots
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