Europe Tunnel Boring Machine (TBM) Market is expected to reach 544.57 million USD by 2023

Europe Tunnel Boring Machine (TBM) Market is expected to reach 544.57 million USD by 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch

Europe Tunnel Boring Machine (TBM) Market Research Report 2018 is a professional and in-depth study on the current state of the Tunnel Boring Machine (TBM) Overview market. Annual estimates and forecasts are provided for the period 2013 through 2023. Also, a six-year historic analysis is provided for these markets.

The report provides a basic overview of the Tunnel Boring Machine (TBM) Overview industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

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QYResearch

The Europe market scale of Tunnel Boring Machine (TBM) was 627.20 million dollars in 2017. It is expected to reach 544.57 million dollars by 2023, with the CAGR of -2.33% from 2017 to 2023. It is because the infrastructure of Europe is relatively mature so the demand of TBM market is not as active as other regions such as Asia and South America. w w w. q y r e s e a r c h . c o m

QYResearch

• Tunnel Boring Machine (TBM) industry is a high concentration industry.

Herrenknecht in Germany is the leader of Tunnel Boring Machine (TBM) in Europe market, others famous manufacturers are CREG, Robbins and NFM Technologies, etc.Many Chinese manufacturers are trying to occupy the Europe market and some of them have made big progress.

The local manufacturers still have technical advantages such as hard rock TBM, but the advantage is slowly shrinking.

• Tunnel Boring Machine (TBM) industry can be divided to three major types, earth pressure balance machines, slurry shield (mixshield) and shielded type TBMs. Among them earth pressure balance machines is the most widely used type with market share of 60.56%. w w w. q y r e s e a r c h . c o m

QYResearch

• Though there are many uncertain factors will influence the Europe economies, but we can still see some positive investment may facilitate the TBM market. Central and East Europe will be the major driving factors of Europe TBM market because these countries are making all efforts possible to upgrade their railway system and city infrastructure construction and investors should pay more attention to these countries.

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QYResearch

Although sales of Tunnel Boring Machine (TBM) brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Tunnel Boring Machine (TBM) field.

Click to view the full report: https://www.qyresearch.com/index/detail/587876/europetunnel-boring-machine-tbm-market w w w. q y r e s e a r c h . c o m