Tunneling Equipment Market Future Demand &
Emerging Trends by 2025
Tunneling Equipment Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Tunneling Equipment industry. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Tunneling Equipment Market research one of its kind to offer the most in-depth, readily available data.
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Slurry tunnel boring machine (TBM) is gaining high popularity in the tunneling equipment market size due to its optimization and efficient handling at complex work sites. This technology is utilized in sandy and gravely surfaces, metro tunnel constructions, and water treatment systems. Additionally, this machine is designed to work in adverse ground conditions owing the high wear-resistance design of its cutting wheel. Increasing metro projects in various developing countries including India, China and, Singapore are supporting the demand for slurry TBMs. For instance, in January 2018, the Singapore Rapid Transit System Link cross border metro project was signed by the Singapore and Malaysia governments. The product is increasingly implemented due to its enhanced capabilities of working in complex underground conditions, supporting the tunneling equipment market development.
Developing countries in Asia including China and India are witnessing growth in the tunneling equipment market share due to increasing infrastructural development activities in this region. Moreover, government initiatives and investments are leading to infrastructure development in this region, supporting the demand for these machines. China’s One Belt One Road initiative created high machinery demand, which is driving the market expansion. The Middle East & Africa region is witnessing high adoption of these machines owing to the increasing need for energy resources leading to several mining activities. The rapidly developing oil-gas & mining sector in this region is supporting the market growth.
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A technical trend in the tunneling equipment market is the Earth Pressure Balance (EPB) technology, which is utilized in soft soil surface conditions and provides external support by creating a paste of excavated soil. The market is gaining popularity due to the growing road & railway infrastructure construction across the globe. The rapid increase in the number of infrastructure projects for enhancing transportation facilities is promoting the demand for these machines globally. Additionally, the increasing need for energy, minerals, and metals is leading to coal mining activities, further fueling the tunneling equipment market size. The rise in public & private partnerships for the construction of public infrastructures, such as metros and city railway systems, in developing countries is creating the demand for these machines.
The data in this Tunneling equipment Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Tunneling equipment industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.
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The major players operating in the tunneling equipment market share are Atlas Copco, Bessac, Hitachi Zosen, Sandvik Constructions, SANYHE International Holdings, CREG, Mitsubishi Heavy Industries, Aker Wirth, Komatsu Mining Corp., and HERRENKNECHT AG. These players are highly investing in R&D activities to develop technically advanced and fuel & energy-efficient products to strengthen their product portfolio.
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