According to the new reportpublished by Industry Research Place Global Tunnel Boring Machine (TBM) Market is valued at USD 5774.4 Million in 2020 and is expected to reach USD 8128.82 Million by 2026 with the CAGR of 5.9 % over the forecast period
Tunnel boring machine is used to excavate ground for construction of tunnel for traffic infrastructure and utility purpose. It consists of cutterhead, hydraulic bracing system, and conveyor. The cutterhead rotates 360 degrees against the tunnel surface under the pressure, the cutter disc removes the rocks and mud from the surface of the tunnel, and the discharged excavated material is moved outside the tunnel through vast conveyor belt system. The report offers a breakdown of market shares by product, including slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and others. By application, the tunnel boring machine (TBM) market is classified into transportation, public utility, mining, oil & gas, and others. On the basis of region, the tunnel boring machine (TBM) industry is analyzed across North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa).
This report analyses the global market for Tunnel Boring Machine (TBM). The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Global Tunnel Boring Machine (TBM) Market COVID-19 impact Analysis
The COVID-19 pandemic has spread with disturbing speed, infecting millions and taking economic activity to a near-halt as countries levied tight restrictions on movement to stop the spread of the virus.
As the health and human toll grows, the economic harm is already evident and represents the largest economic shock the world has experienced in decades.
The June 2020 Global Economic Forecasts describes both the immediate and near-term outlook for the impact of the pandemic and the long-term harm it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent reduction in global GDP in 2020, using market exchange rate weights—the deepest worldwide slump in decades, despite the astonishing efforts of governments to counter the downturn with fiscal and monetary policy provision. Over the longer prospect, the deep recessions prompted by the pandemic are expected to leave lasting marks through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply connections.
Advanced economies are expected to shrink 7 percent. That weakness will fall over to the position for developing market and emerging economies, which are estimate to contract by 2.5 percent as they cope with their own domestic epidemics of the virus. This would represent the weakest showing by this group of economies in at least sixty years.
Emerging market and developing economies will be knocked by economic breezes from multiple quarters: pressure on weak health care systems, loss of trade and tourism, dwindling remittances, submissive capital flows, and tight financial conditions amid growing debt. Exporters of energy or industrial commodities will be particularly hard hit.
Even this unwelcoming outlook is subject to great uncertainty and significant shortcoming risks. The prediction assumes that the pandemic retreats in such a way that domestic mitigation measures can be lifted by mid-year in advanced economies and later in developing countries, which adverse global spillovers ease during the second half of 2020, and that extensive financial crises are evaded. This scenario would envision global growth revitalizing, although modestly, to 4.2% in 2021.
This report highlights the impact of the Covid-19 pandemic on Global Tunnel Boring Machine (TBM) Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Tunnel Boring Machine (TBM) Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Get detailed COVID 19 Impact Analysis on GlobalTunnel Boring Machine (TBM) Market Here:https://industryresearchplace.com/enquiry-now/MjU0NTUw
oEarth Pressure Balance Shield TBM
oOil & Gas
Based on products, the market for tunnel boring machine (TBM) is segmented into slurry TBM, earth pressure balance shield TBM (EPBS TBM), shielded TBM, multi-mode TBM, and others. The slurry TBM and shielded segment accounts for a maximum share of around 48.97% in 2019 and is projected to grow at a CAGR of 6.12%. Shielded machines are expected to continue their dominance over the forecast period owing to increase in projects incorporating shield layer in areas with heterogenous and rocky ground. The EPBS TBM segment is expected to incur highest CAGR during the forecast period owing to the increasing urban tunneling projects where environment and ground surface subsidence cannot be tolerated.
Based on applications, the market for tunnel boring machine (TBM) is segmented into transportation, public utility, mining, oil & gas, and other. The Transpiration segment was valued at USD 2667.47 million in the year 2019 and is forecasted to reach a value of USD 4025.69 million in the year 2026, registering a CAGR of 6.13% during the period of assessment.
1.China Railway Construction Corporation Limited
2.China Railway Group Limited
3.Dalian Huarui Heavy Industry Group Co., Ltd.
5.Hitachi Zosen Corporation
7.Shandong Dawang JIntai Group Co.,LTD.
9.Liaoning Censcience Industry Co., Ltd.
10.Northern Heavy Industries Group Co. Ltd.
12.China Shipbuilding Industry Corporation (Qingdao) Rail Transit Equipment Co., Ltd.
13.Shanghai Tunnel Engineering Co., Ltd.
14.Tianhe Mechanical Equipment Manufacturing Co., Ltd.
Above mentioned companies were scrutinized to assess competitive landscape of Global Tunnel Boring Machine (TBM) Market. Report provides company profiles of each player. Each profile include company product portfolio,business overview, company governance, company financials, business strategies, manufacturing locations and production facilities, company sale, recent developments and strategic collaborations & partnerships, new product launch, company segments, application diversification and company strength and weakness analysis.
Recent Developments in Global Tunnel Boring Machine (TBM) Market
Komatsu Ltd. Announcing Collaboration with Proterra of the United States.
China Railway Construction's New Contracts Size Up 27.3% Y/Y In 2020
China Railway Construction Entering Into Delegate Management Agreement
UBS Group AG Bought 95.32 Mln H-Shares In China Railway Construction On Jan 25 - HKEX Filing
CREC Tunneling Shields Contribute to Global Underground Construction Projects
CREC’s 2020 Annual Contract Value Hits Record High, Totaling RMB2.6 Trillion
•An overview of the Global Tunnel Boring Machine (TBM) Market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global Tunnel Boring Machine (TBM) Market revenue data historic and forecast analysis (2016 to 2026)
•Characterization and quantification of the market segments for Tunnel Boring Machine (TBM) Market
•Market share analysis of key market participants and their competitive landscape
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Important Questions Answered by Global Tunnel Boring Machine (TBM) Market Report
•What is the impact of COVID 19 epidemic on the Global Tunnel Boring Machine (TBM) Market?
•Which is mostly affected region, country?
•Which is the current largest and fastest-growing region?
•What is the market size and growth rate of the Global Tunnel Boring Machine (TBM) Market?
•What are current factors affecting the growth of market?
•What are Key trends and opportunity areas?
•Within Tunnel Boring Machine (TBM) Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
•What are the major strategies adopted by leading market companies?
•What are company challenges and essential success factors by market segment?
•How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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