Market Overview:
The global hybrid tunnel boring machine (TBM) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for hybrid TBM in railway and highway, municipal engineering, city rail system, and other applications. North America is expected to lead the global hybrid TBM market during the forecast period owing to the presence of key players in this region and increasing investment in transportation infrastructure.
 Industry Outlook.svg)
Product Definition:
A hybrid tunnel boring machine (TBM) is a TBM that uses more than one excavation method. Hybrid TBMs can use either drill and blast or earth pressure balance (EPB) methods to excavate soil. The main advantage of using a hybrid TBM is that it can adapt to the conditions encountered in the tunnel as it progresses. For example, if the soil is too hard for an EPB machine to penetrate, the drill and blast method can be used to break up the rock before excavation resumes with the EPB machine.
Soft ground TBMs:
The global market for the Soft ground TBMs is expected to witness significant growth over the forecast period owing to increasing investments in construction projects, particularly in emerging economies of Asia Pacific and Latin America. The demand for TBM has observed a surge due to its ability to bore through soft soils such as loam, sand and silt with limited environmental impact.
Hard Rock TBMs:
Hard rock TBMs are used in the construction of tunnels through tough soil and rock. The material excavated from the ground is pushed into a tunnel boring machine where it is compacted to form a stable base for the tunnel lining.
The hard soil or rocks are extracted from the ground with an excavator, placed on a trolley, which is then lowered into position by means of ropes and pulleys.
Application Insights:
The railway and highway application segment led the global market in 2017. This is attributed to the extensive use of these machines for construction of railways and highways across various countries. The railway tunnel boring machine (TBM) market, in particular, has witnessed significant demand from countries such as China, India, Australia and Russia due to increasing investments for development of rail infrastructure.
Municipal engineering is expected to be the fastest-growing segment over the forecast period owing to rapid urbanization resulting in increased infrastructural development activities within cities around the world. Hybrid TBMs are used for constructing tunnels with a minimal impact on surrounding areas during construction activities. The usage of TBMs results in less disruption during routine maintenance operations along with reduced costs incurred compared with traditional methods used for excavation projects inside city limits at street level.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for infrastructure in countries, such as China and India. The growing population in these countries has led to an increase in the construction of residential complexes, hospitals, schools, colleges and airports among others which will require tunnels on a large scale.
The presence of prominent players based out of China coupled with high investments made by Chinese government towards urbanization and infrastructural development is anticipated to drive the Asia Pacific regional market growth over the forecast period. Europe also accounted for more than 20% share within 2017 TBM global revenue due its well-established railway network comprising more than 2900 railway stations along with extensive highway system that required tunneling on several occasions throughout history resulting into increased demand for TBMs across this region since last few years resulting into increased sales volume especially during 2016 & 2017 period.
Growth Factors:
- Increasing demand for underground transportation: The increasing population and the consequent increase in the number of vehicles is leading to an increase in the demand for underground transportation. This will drive the growth of the hybrid TBM market.
- Rapid urbanization: The rapid urbanization is resulting in an increase in the number of cities with a population of more than 1 million people. This will lead to an increased demand for hybrid TBMs, which are used extensively for tunneling in urban areas.
- Development of new infrastructure: There is a continuous need for new infrastructure development owing to growing population and economic development around the world. This will create opportunities for growth of the hybrid TBM market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Tunnel Boring Machine(TBM) Market Research Report
By Type
Soft ground TBMs, Hard Rock TBMs
By Application
Railway and Highway, Municipal Engineering, City Rail System, Others
By Companies
Herrenknecht, CREC, CRCHI, Robbins, Tianhe, Wirth, Komatsu, Mitsubishi, NHI, Kawasaki, Herrenknecht, Terratec, SELI, Tianye Tolian, Hitachi Zosen Corporation, Xugong Kaigong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Tunnel Boring Machine(TBM) Market Report Segments:
The global Hybrid Tunnel Boring Machine(TBM) market is segmented on the basis of:
Types
Soft ground TBMs, Hard Rock TBMs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Railway and Highway, Municipal Engineering, City Rail System, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Herrenknecht
- CREC
- CRCHI
- Robbins
- Tianhe
- Wirth
- Komatsu
- Mitsubishi
- NHI
- Kawasaki
- Herrenknecht
- Terratec
- SELI
- Tianye Tolian
- Hitachi Zosen Corporation
- Xugong Kaigong
 Market Overview.svg)
Highlights of The Hybrid Tunnel Boring Machine(TBM) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soft ground TBMs
- Hard Rock TBMs
- By Application:
- Railway and Highway
- Municipal Engineering
- City Rail System
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Tunnel Boring Machine(TBM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Hybrid Tunnel Boring Machine (TBM) is a type of tunnel boring machine that uses both diesel and electric motors. This allows the TBM to cut through hard soil and rock more efficiently than traditional tunnel boring machines.
Some of the major companies in the hybrid tunnel boring machine(tbm) market are Herrenknecht, CREC, CRCHI, Robbins, Tianhe, Wirth, Komatsu, Mitsubishi, NHI, Kawasaki, Herrenknecht, Terratec, SELI, Tianye Tolian, Hitachi Zosen Corporation, Xugong Kaigong.
The hybrid tunnel boring machine(tbm) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Tunnel Boring Machine(TBM) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hybrid Tunnel Boring Machine(TBM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid Tunnel Boring Machine(TBM) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hybrid Tunnel Boring Machine(TBM) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hybrid Tunnel Boring Machine(TBM) Market Size & Forecast, 2020-2028
4.5.1 Hybrid Tunnel Boring Machine(TBM) Market Size and Y-o-Y Growth
4.5.2 Hybrid Tunnel Boring Machine(TBM) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Soft ground TBMs
5.2.2 Hard Rock TBMs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Railway and Highway
6.2.2 Municipal Engineering
6.2.3 City Rail System
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid Tunnel Boring Machine(TBM) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hybrid Tunnel Boring Machine(TBM) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Soft ground TBMs
9.6.2 Hard Rock TBMs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Railway and Highway
9.10.2 Municipal Engineering
9.10.3 City Rail System
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Soft ground TBMs
10.6.2 Hard Rock TBMs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Railway and Highway
10.10.2 Municipal Engineering
10.10.3 City Rail System
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Soft ground TBMs
11.6.2 Hard Rock TBMs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Railway and Highway
11.10.2 Municipal Engineering
11.10.3 City Rail System
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Soft ground TBMs
12.6.2 Hard Rock TBMs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Railway and Highway
12.10.2 Municipal Engineering
12.10.3 City Rail System
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Soft ground TBMs
13.6.2 Hard Rock TBMs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Railway and Highway
13.10.2 Municipal Engineering
13.10.3 City Rail System
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hybrid Tunnel Boring Machine(TBM) Market: Competitive Dashboard
14.2 Global Hybrid Tunnel Boring Machine(TBM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Herrenknecht
14.3.2 CREC
14.3.3 CRCHI
14.3.4 Robbins
14.3.5 Tianhe
14.3.6 Wirth
14.3.7 Komatsu
14.3.8 Mitsubishi
14.3.9 NHI
14.3.10 Kawasaki
14.3.11 Herrenknecht
14.3.12 Terratec
14.3.13 SELI
14.3.14 Tianye Tolian
14.3.15 Hitachi Zosen Corporation
14.3.16 Xugong Kaigong
