TBM market forecasts

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 64% of production in total 2017.

In the foreign industrial developed countries the Tunnel Boring Machine 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 77 Units, which was follow by US, with a volume of 48 Units.

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

The Tunnel Boring Machine (TBM) market was valued at 4740 Million US$in 2018 and is projected to reach 4370 Million US$ by 2025, at a CAGR of -1.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Tunnel Boring Machine (TBM).

Galbiati Group builds TBM components such as planetary gearboxes, bearing supports, erectors. The company has recently realized one 4 ton-segment erector for a Tunnel Boring Machine designed for a excavation project. For more information visit the website www.galbiatigroup.it.

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