South America Tunnel Boring Machine Market
The tunnel boring machine market in SAM is further segmented into Brazil, Argentina, and the Rest of SAM. The Rest of SAM includes Chile, Colombia, Guatemala, and Peru. The region is gradually reopening after observing reduced COVID-19 cases in some of the countries in SAM. Mining and construction are likely to restart in Colombia and Peru, whereas in Brazil and Chile, the situation remains more complicated due to rising number of COVID-19 cases. As per The Robbins Company, mining is one of the promising industries for tunnel boring machines. Major SAM countries with a mining history—such as Peru, Chile, and Colombia—are more attractive to market players. Brazil is also a priority for several vendors since it has a robust mining industry. The governments of other emerging economies in the region are taking several initiatives to support industrial growth. For instance, Argentina is concentrating on attracting FDI by taking several initiatives, such as easing import restrictions, signing international bilateral agreements, and restricting foreign investment. Such initiatives are expected to help in the development of businesses in the region.
Brazil has the highest number of COVID-19 cases in the region. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. The region has faced lower export revenues in 2020, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Also, in manufacturing, Brazilian companies imported components from Chinese companies. The presence of various developing nations makes the region one of the major markets for the growth of the tunnel boring machine market during the forecast period of 2020 to 2027. However, the sharp decline in manufacturing, construction, and infrastructure development activities in this region due to COVID-19 lockdown measures is expected to directly impact the growth of the market till Mid-2021. In addition to this, the supply chain disruptions and non-availability of raw materials also aggravated various industries operating in this region. Hence, the decline in business operations and infrastructure development activities has affected the growth rate of the tunnel boring machine market in this region in 2020 and likely in 2021.
Strategic insights for the South America Tunnel Boring Machine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 427.43 Million |
| Market Size by 2027 | US$ 591.09 Million |
| Global CAGR (2020 - 2027) | 4.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Tunnel Boring Machine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The tunnel boring machine market in SAM is expected to grow from US$ 427.43 million in 2019 to US$ 591.09 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027. Technological developments are of greater use in tunnel construction since they allow easy access to construction in any ground conditions. Innovative monitors and sensors placed in the tunnel boring machines help in the smooth functioning of machines while excavating. Large diameter tunnel projects for transport infrastructures have influenced the research and development in tunnel boring machine design. Advanced machines can cope with mixed rock/ground conditions and change their operational mode depending on ground conditions. Large machines with diameters ranging from 14 to 17 meters have been manufactured and utilized across the world. Innovative technologies are being developed in various countries to treat the ground ahead of the machine and control the groundwater inflows.
In terms of type, the slurry TBM segment accounted for the largest share of the SAM tunnel boring machine market in 2019. In terms of geology, the soft ground segment held a larger market share of the SAM tunnel boring machine market in 2019. In terms of end-user, the transportation segment held a larger market share of the SAM tunnel boring machine market in 2019.
A few major primary and secondary sources referred to for preparing this report on the tunnel boring machine market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dalian Huarui Heavy Industry Group Co., Ltd.;
The South America Tunnel Boring Machine Market is valued at US$ 427.43 Million in 2019, it is projected to reach US$ 591.09 Million by 2027.
As per our report South America Tunnel Boring Machine Market, the market size is valued at US$ 427.43 Million in 2019, projecting it to reach US$ 591.09 Million by 2027. This translates to a CAGR of approximately 4.5% during the forecast period.
The South America Tunnel Boring Machine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Tunnel Boring Machine Market report:
The South America Tunnel Boring Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Tunnel Boring Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Tunnel Boring Machine Market value chain can benefit from the information contained in a comprehensive market report.
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