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Tunnel Boring Machine - List of Manufacturers, Suppliers, Companies and Products

Tunnel Boring Machine Product List

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Market Research Report on Tunnel Boring Machines (TBM)

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According to the latest report by Grand View Research, Inc., the global tunnel boring machine (TBM) market size is expected to record a CAGR of 4.9% from 2023 to 2030, reaching 9.4 billion USD by 2030. The increasing demand for tunnel boring machines (TBMs) is attributed to the rapid growth of transportation infrastructure projects. This expansion of transportation infrastructure is driven by robust economic development, urbanization, and global smart city initiatives. In response to the rising demand for improved connectivity, governments around the world are allocating significant investments to a wide range of construction projects, including subways (metros), light rail transport, underground freight transport, and utility tunnels. Additionally, the increase in global mining operations is expected to be a key driver of market growth.

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