What is Global Auger Boring Machines Market?
The Global Auger Boring Machines Market is a comprehensive study of the worldwide market trends and growth prospects for Auger Boring Machines, a type of drilling equipment. This market is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the Auger Boring Machines market with detailed market segmentation by product, technology, application, and geography. The global Auger Boring Machines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Auger Boring Machines market players and offers key trends and opportunities in the market.
Soft Ground ABMs, Hard Rock ABMs in the Global Auger Boring Machines Market:
The Auger Boring Machines Market is segmented into two main types: Soft Ground ABMs and Hard Rock ABMs. Soft Ground ABMs are typically used in areas with softer soil conditions, while Hard Rock ABMs are designed to handle more challenging ground conditions, such as rocky or hard soil. Each type of machine has its own unique features and benefits, and the choice between the two often depends on the specific requirements of the project at hand. For example, Soft Ground ABMs are often preferred for projects that require minimal disruption to the surrounding environment, while Hard Rock ABMs are typically chosen for projects that require a higher degree of precision and control.
Mining, Oil and Gas, Railway and Highway, Utility, Others in the Global Auger Boring Machines Market:
The Global Auger Boring Machines Market has a wide range of applications, including mining, oil and gas, railway and highway, utility, and others. In the mining industry, these machines are used to drill holes for the extraction of minerals and other resources. In the oil and gas industry, they are used to drill wells for the extraction of oil and gas. In the railway and highway sector, these machines are used to create tunnels for the construction of roads and railways. In the utility sector, they are used to install underground utilities such as water, gas, and electricity lines. Other applications include construction, agriculture, and forestry.
Global Auger Boring Machines Market Outlook:
The Global Auger Boring Machines Market outlook is promising. In 2022, the market was valued at US$ 338.8 million and is expected to reach US$ 414.8 million by 2029, growing at a CAGR of 2.9% during the forecast period of 2023-2029. The leading manufacturers of Auger Boring Machines globally include American Augers, Herrenknecht (Bohrtec), and Tracto Technik GmbH. In 2020, American Augers held a market share of more than 5%, making it the market leader.
| Report Metric | Details |
| Report Name | Auger Boring Machines Market |
| Accounted market size in 2022 | US$ 338.8 million |
| Forecasted market size in 2029 | US$ 414.8 million |
| CAGR | 2.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | American Augers, Herrenknecht (Bohrtec), Tracto Technik GmbH, Barbco, Michael Byrne Manufacturing, McLaughlin MFG, Bor-It Mfg, The Robbins Company, OMS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
