What is Global Pipe Jacking Machine Market?
The Global Pipe Jacking Machine Market is a comprehensive study of the various aspects of the pipe jacking machine industry on a global scale. Pipe jacking machines are specialized equipment used in the construction industry for installing underground pipelines with minimum surface disruption. This market encompasses the production, distribution, and use of these machines across the globe. The market was valued at US$ 485 million in 2023 and is projected to reach US$ 989.8 million by 2030, growing at a CAGR of 10.6% during the forecast period 2024-2030. The market is dominated by the top five manufacturers who hold over 50% of the market share.
Earth Pressure Balancing Pipe Jacking Machine, Mud-Water Balancing Pipe Jacking Machine, Others in the Global Pipe Jacking Machine Market:
The Global Pipe Jacking Machine Market is segmented into Earth Pressure Balancing Pipe Jacking Machine, Mud-Water Balancing Pipe Jacking Machine, and others. The Earth Pressure Balancing Pipe Jacking Machine is designed to balance the pressure of the earth and prevent soil disturbances during the pipe jacking process. On the other hand, the Mud-Water Balancing Pipe Jacking Machine is designed to balance the pressure of mud and water during the pipe jacking process. The 'others' segment includes various other types of pipe jacking machines that are used in the industry. Among these, the Mud-Water Balancing Pipe Jacking Machine is the largest segment, holding over 47% of the market share.
Tap Water Industry, Oil and Gas Industry, Traffic Tunnel, Others in the Global Pipe Jacking Machine Market:
The Global Pipe Jacking Machine Market finds its application in various industries such as the Tap Water Industry, Oil and Gas Industry, Traffic Tunnel, and others. In the Tap Water Industry, these machines are used for installing underground water pipelines. In the Oil and Gas Industry, they are used for installing underground oil and gas pipelines. In the Traffic Tunnel industry, these machines are used for creating tunnels for traffic. The 'others' segment includes various other industries where these machines find their application.
Global Pipe Jacking Machine Market Outlook:
The market outlook for the Global Pipe Jacking Machine Market is promising. In 2023, the market was valued at US$ 485 million and it is expected to reach US$ 989.8 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period of 2024-2030. The market is dominated by the top five manufacturers who collectively hold over 50% of the market share. In terms of product segmentation, the Mud-Water Balancing Pipe Jacking Machine is the largest segment, holding over 47% of the market share.
| Report Metric | Details |
| Report Name | Pipe Jacking Machine Market |
| Accounted market size in 2023 | US$ 485 million |
| Forecasted market size in 2030 | US$ 989.8 million |
| CAGR | 10.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Akkerman, mts Microtunneling Systems GmbH, Tangxing Machinery, Zhenjiang Hongyu Mechanical and Electrical Equipment, Rasa Industry, Herrenknecht Ag, China Railway Construction Heavy Industry, Realtop Heavy Industry, Spusen Machine, Yangzhou Guangxin Heavy Industry |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
