Global Market Scale Of Tunnel Boring Machine (TBM) Was 3675.29 Million Dollars In 2016

The global market scale of Tunnel Boring Machine (TBM) was 3675.29 million dollars in 2016. It is expected to reach 4495.28 million dollars by 2022, with the CAGR of 3.41% from 2016 to 2022. China dominates the consumption market of the world with the number of 224 Units in 2016. The Tunnel Boring Machine (TBM) industry is a high concentration industry. Herrenknecht in the Germany is the leader of Tunnel Boring Machine (TBM) in global market, others famous manufacturers are Herrenknecht, CNTEG, CRCHI, Robbins, Tianhe, Wirth (Aker Solutions), Komatsu, Mitsubishi, NHI, Kawasaki, Herrenknecht(Guangzhou), Ishikawajima-Harima, Terratec, Seli, Tianye Tolian, Hitachi Zosen, Xugong Kaigong and STEC.

In recent years, international manufacturers of Tunnel Boring Machine (TBM) have cooperation with Chinese enterprises and China has become the world's largest TBM manufacturer which occupied more than 47.94% of production in total in 2016.
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At present, in the foreign industrial developed countries the Tunnel Boring Machine (TBM) industry is generally at a more advanced level. In Japan, Europe and the United States manufacturer of TBM still has a considerable size. The consumption volume of TBM in Europe was about 73 Units, which was follow by US, with a volume of 57 Units.

Tunnel Boring Machine (TBM) can be used in the process of Subway, tunnel, Water conservancy project, mine, etc. With the development of industry and technology, the potential market for Tunnel Boring Machine (TBM) is still huge.

As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this areas, the future will still have more new investment enter the field.

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