Market Overview:
The global rock tunnel boring machines (TBM) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for TBM in railway and highway, municipal engineering, city rail system, and other applications. Additionally, the growing urbanization and development of infrastructure are also contributing to the growth of the global rock tunnel boring machines (TBM) market.
Product Definition:
A rock tunnel boring machine (TBM), also known as a "mole", is a construction machine used to excavate tunnels through hard rock. They are similar to earth-moving equipment, but are instead designed for tunnelling. Rock tunnel boring machines can be divided into two main categories: roadheader and shield.
Open-type TBM:
Open-type TBM is a kind of tunnel boring machine used for constructing tunnels with cross-cutted sides. The open type TBMs are mainly used in rock and soil construction, where the soil conditions are very difficult and the rock walls do not provide enough stability to support a conventional TBM. Open-type TBMs can be distinguished from closed type TBMs by their ability to create wider cuttings compared to that of a closed-circuit system.
Shielded Hard Rock TBM:
A shielded hard rock TBM is a tunnel boring machine used to excavate soil and rock in construction projects. The machine consists of a rotating shield that protects the operator from harmful debris while digging under city streets or other areas with limited visibility.
The product has gained significant traction among contractors, as it helps them finish their projects on time and within the allocated budget.
Application Insights:
The railway and highway application segment accounted for the largest revenue share of over 40% in 2017. The segment is projected to witness significant growth on account of increasing demand for tunnels from various sectors including railways, highways, municipal engineering and city rail systems. Railway tunnels are used for transporting minerals, agricultural products and manufactured goods between the states & countries through long-distance transportation.
Highway tunnels are used as a safe passage between two points with different levels along a roadway. These types of tunneling activities require less preparation before construction begins as compared to other surface roads or railway lines due to limited access at both ends which restrict the movement of vehicles or pedestrians respectively. City rail system is another application that requires BTMs owing to its growing population along with increased passenger travel requirements in urban areas across the globe such as Mexico City, New York City & Washington DC among others where it has been installed by private companies or local governments within their limits.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing infrastructure activities, coupled with growing industrialization and urbanization across this region. Moreover, rising demand for affordable housing along with rapid economic growth has led to an increase in the number of residential complexes and tunnels being built across this region, which is expected to drive product demand over the forecast period.
North America accounted for a significant share owing to increased investments from public-private partnerships (PPP) as well as government funding provided by agencies such as Federal Aviation Administration (FAA), Department of Transportation (DOT), Federal Highway Administration (FHWA), National Highway Traffic Safety Administration (NHTSA) among others are anticipated to boost regional growth during the forecast period.
Growth Factors:
- Increasing demand for transportation infrastructure due to population growth and urbanization
- Rising investment in public transportation projects
- Growing awareness of the benefits of TBM technology over traditional methods such as drilling and blasting
- Advances in TBM technology that make them more efficient and reduce construction time and costs
- Increased use of TBM in challenging geological conditions, such as hard rock or heavily congested areas
Scope Of The Report
Report Attributes
Report Details
Report Title
Rock Tunnel Boring Machines （TBM） Market Research Report
By Type
Open-type TBM, Shielded Hard Rock TBM
By Application
Railway and Highway, Municipal Engineering, City Rail System, Others
By Companies
Herrenknecht, China Railway Tunnel Group, CRCHI, LNSS, Komatsu, Mitsubishi, NHI Group, Kawasaki, IHI, Terratec, SELI, Tianye Tolian, Hitachi Zosen, STEC
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rock Tunnel Boring Machines （TBM） Market Report Segments:
The global Rock Tunnel Boring Machines （TBM） market is segmented on the basis of:
Types
Open-type TBM, Shielded Hard Rock TBM
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
- China Railway Tunnel Group
- CRCHI
- LNSS
- Komatsu
- Mitsubishi
- NHI Group
- Kawasaki
- IHI
- Terratec
- SELI
- Tianye Tolian
- Hitachi Zosen
- STEC
Highlights of The Rock Tunnel Boring Machines （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:
- Open-type TBM
- Shielded Hard Rock TBM
- 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 Rock Tunnel Boring Machines （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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Rock Tunnel Boring Machines are a type of machine used to drill through rock.
Some of the major companies in the rock tunnel boring machines （tbm） market are Herrenknecht, China Railway Tunnel Group, CRCHI, LNSS, Komatsu, Mitsubishi, NHI Group, Kawasaki, IHI, Terratec, SELI, Tianye Tolian, Hitachi Zosen, STEC.
The rock tunnel boring machines ¯¼ë†tbm¯¼€° market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rock Tunnel Boring Machines （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 Rock Tunnel Boring Machines （TBM） Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rock Tunnel Boring Machines （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 Rock Tunnel Boring Machines （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 Rock Tunnel Boring Machines （TBM） Market Size & Forecast, 2020-2028
4.5.1 Rock Tunnel Boring Machines （TBM） Market Size and Y-o-Y Growth
4.5.2 Rock Tunnel Boring Machines （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 Open-type TBM
5.2.2 Shielded Hard Rock TBM
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 Rock Tunnel Boring Machines （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 Rock Tunnel Boring Machines （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 Open-type TBM
9.6.2 Shielded Hard Rock TBM
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 Open-type TBM
10.6.2 Shielded Hard Rock TBM
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 Open-type TBM
11.6.2 Shielded Hard Rock TBM
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 Open-type TBM
12.6.2 Shielded Hard Rock TBM
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 Open-type TBM
13.6.2 Shielded Hard Rock TBM
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 Rock Tunnel Boring Machines （TBM） Market: Competitive Dashboard
14.2 Global Rock Tunnel Boring Machines （TBM） Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Herrenknecht
14.3.2 China Railway Tunnel Group
14.3.3 CRCHI
14.3.4 LNSS
14.3.5 Komatsu
14.3.6 Mitsubishi
14.3.7 NHI Group
14.3.8 Kawasaki
14.3.9 IHI
14.3.10 Terratec
14.3.11 SELI
14.3.12 Tianye Tolian
14.3.13 Hitachi Zosen
14.3.14 STEC
