Tunnel Boring Machine market

With the development of industry and technology, the potential market for Tunnel Boring Machine (TBM) is still huge.

Tunnel Boring Machine

Recently international manufactures 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 in 2017.

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 77 units, which was follow by US, with a volume of 48 Units.

The worldwide market for Tunnel Boring Machine (TBM) is expected to grow at a CAGR of roughly -1,4% over the next five years, will reach 4360 million US$ in 2024, from 4740 million US$ in 2019, according to a new GIR (Global Info Research) study.

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