[180+ Pages Report] The global hard rock tunnel boring machine market is projected to grow from USD 2,805.3 million in 2019 to USD 3,342.0 million by 2026, at a CAGR of 2.9% during the forecast period.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the hard rock tunnel boring machine industry. The report analyzes and declares the historical and current trends analysis of the hard rock tunnel boring machine industry and subsequently recommends the projected trends anticipated to be observed in the hard rock tunnel boring machine market during the upcoming years.
The hard rock tunnel boring machine market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire hard rock tunnel boring machine market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the hard rock tunnel boring machine industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the hard rock tunnel boring machine industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the hard rock tunnel boring machine market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the hard rock tunnel boring machine industry. The hard rock tunnel boring machine market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the hard rock tunnel boring machine sector. Key strategic developments in the hard rock tunnel boring machine market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the hard rock tunnel boring machine market are appropriately highlighted in the report.
The tunnel boring machines are used for the manufacturing of the tunnels such as railroads, roads, etc. These machines are is also known as a mole. These machines are used to mine tunnels with a circular cross-section. Tunnel boring machines can bore through sand, hard rock, and almost anything in between. In rock, these machines are used as an alternative to the blasting and drilling method. These machines reduce the cost of tunnel lining and are suitable to use in a heavily urbanized area.
Increasing infrastructural activities in the developed and developing countries and increasing investment in road and railway construction is driving the growth of the hard rock tunnel boring machine market. Moreover, increasing the use of these machines in the tunnel, water conservancy projects, mining projects, etc. may bolster the market growth. However, high construction costs, transportation difficulties may curb the growth of the market. Nonetheless, huge investments in the transportation infrastructure, construction of new tunnels, and innovations in technology may create numerous opportunities in the market.
The hard rock tunnel boring machine market research report delivers an acute valuation and taxonomy of the hard rock tunnel boring machine industry by practically splitting the market based on different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Hard Rock Tunnel Boring Machine industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Hard Rock Tunnel Boring Machine industry is provided for the leading economies of the world.
Key Segments: Hard Rock Tunnel Boring Machine Market
The hard rock tunnel boring machine market is segmented based on type and application. Based on type segmentation, the market is classified into a negative slope and a positive slope. In terms of application segmentation, the market is bifurcated into the city rail system, railway, and highway, municipal engineering, others (power and energy, underground storage facilities including petroleum and nuclear waste repositories).
Top Market Players
Some of the essential players operating in the hard rock tunnel boring machine market, but not restricted to include Tianhe Mechanical Equipment Manufacturing Co., Ltd., S.E.L.I. SPA, Qinhuangdao TianyeTolian Heavy Industry Co., Ltd., Shanghai Tunnel Engineering Co., Ltd., Jim Technology Corporation, Kawasaki Heavy Industries, Ltd., Herrenknecht AG, Hitachi Zosen Corporation, China Railway Engineering Equipment Group Co., Ltd., Lovsuns Tunneling Canada Ltd., Komatsu Ltd., Northern Heavy Industries Group Co., Ltd., and others.
The taxonomy of the hard rock tunnel boring machine market by its scope and segmentation is as follows:
Global Hard Rock Tunnel Boring Machine Market: By Types Segmentation Analysis
Global Hard Rock Tunnel Boring Machine Market: By Application Segmentation Analysis
Global Hard Rock Tunnel Boring Machine Market: Regional Segmentation Analysis
KEY REPORT POINTERS & HIGHLIGHTS:
Table of Content
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness ByType Analysis
Industry Major Market Players
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