The tunnel boring machines market size was valued for $5.47 billion in 2019, and is expected to reach $7.55 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027. An increase in government investment for infrastructural development is projected to fuel the growth of the market. However, high installment costs and lack of flexibility are expected to hinder the growth of the market. Technological advancements in rock cutting technology are anticipated to provide lucrative opportunities in the coming period. The increase in adoption of tunnel boring machines in the mining industry is projected to boost the growth of the tunnel boring machine market.
The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.
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Major Key Players of the Tunnel boring machines Market are:
China Railway Construction Heavy Industry Co. Ltd., China Railway Engineering Equipment Group Co., Ltd., Dalian Huarui Heavy Industry Group Co., Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd, Komatsu Ltd., Northern Heavy Industries Group Co., Ltd.
Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.
The global Tunnel boring machines report offers quantitative and qualitative analysis of the market from 2021 to 2031. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
COVID-19 Impact Analysis on the global Tunnel boring machines:
The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Tunnel boring machines Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.
The report provides a study of the past and current market trends and evaluates the future opportunities. The Tunnel boring machines market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.
The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.
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Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Tunnel boring machines Market Size
2.2 Tunnel boring machines Market Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Tunnel boring machines Market Size by Manufacturers
3.2 Tunnel boring machines Market Key Players Head office and Area Served
3.3 Key Players Tunnel boring machines Market Product/Solution/Service
3.4 Date of Enter into Tunnel boring machines
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Tunnel boring machines Market Sales by Product
4.2 Global Tunnel boring machines Market Revenue by Product
4.3 Tunnel boring machines Market Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Tunnel boring machines Market Breakdown Data by End User
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