Market Overview:
The global tunnel boring machine 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 new railway and highway tunnels, municipal engineering projects, and city rail systems across the globe. In addition, the growing demand for TBMs in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. The global tunnel boring machine market can be segmented on the basis of type into soft ground TBMs and hard rock TBMs. Soft ground TBMs are expected to dominate this market during the forecast period owing to their ability to easily penetrate through loose soils. On the other hand, hard rock TBMs are used for drilling through harder rocks such as granite or limestone. On the basis of application, railway and highway tunnels are expected to account for a major share of this market duringthe forecast period owingto their increasing popularity acrossthe globe as an efficient mode of transportation .
Product Definition:
A Tunnel Boring Machine (TBM) is a large, cylindrical, underground drill that excavates tunnels by removing soil and rock from the ground. The TBM cuts through the earth like a giant cake cutter, creating a smooth tunnel lining as it goes. TBMs are used to build tunnels for everything from subway lines to water supply pipelines.
Soft Ground TBMs:
The global market for the usage of soft ground TBMs is expected to witness significant growth over the forecast period. The Soft Ground TBM (Soft-Ground TBM) is a machine used in tunnel boring machines, which helps in creating a stable foundation for building tunnels. It creates an independent and reliable support system that can be lowered into place to form the base or can be built as part of the main structure along with other components of a tunnel boring machine.
Hard Rock TBMs:
Hard rock TBM is a tunnel-boring machine that cuts and excavates hard rocks for use in construction of tunnels, roads, railways and other underground structures. The primary function of a TBM is to make an efficient cut-through through the earth's surface to provide access from one side of the excavation to the other.
The global market for Hard Rock TBMs was valued at USD 2.8 billion in 2016.
Application Insights:
The railway and highway application segment led the global tunnel boring machine market in 2017. This is attributed to the growing number of railway projects and initiatives undertaken by various governments across the world. For instance, in 2016, China launched a USD 3 billion project for building a high-speed rail network that will connect different cities with speeds up to 350 km/h.
In addition, there are several other projects under implementation or planned such as High-Speed Rail Links between Malaysia & Indonesia (Bandar Seri Begawan), China & Thailand (Kuala Lumpur - Singapore), India & Bangladesh (Dhaka - Khulna) and India & Sri Lanka (Colombo). Such developments are expected to drive demand over the forecast period.
The municipal engineering application segment accounted for 23% of revenue share in 2017 owing to increasing urbanization resulting in increased need for infrastructure development such as roads, drainage systems etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, Japan, India and Australia. These countries are involved in extensive road construction activities owing to which TBMs have also gained popularity in this region. Moreover, increasing investments by various governments for building metro systems are likely to drive demand for tunnel boring machines over the next eight years.
Europe accounted for a significant share of revenue generated by Asia Pacific regional market due to increased spending on railway infrastructure projects across several European countries including Austria, France and Italy among others). In addition, growing infrastructural needs along with advancements made towards railways network across Europe is anticipated favorably impact industry growth during the forecast period 8%.
Growth Factors:
- Increasing demand for underground transportation and utilities
- Growing population and rapid urbanization in developing countries
- Rising investment in infrastructure development projects
- Technological advancements in TBM design and construction techniques
- Growing awareness about the benefits of using TBMs
Scope Of The Report
Report Attributes
Report Details
Report Title
Tunnel Boring Machine 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, CRGIC, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, Komatsu, NHI Group, Kawasaki, Terratec, Hitachi Zosen, Shanghai Tunnel Engineering Co., Ltd, Xugong Kaigong, JIMT
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Tunnel Boring Machine Market Report Segments:
The global Tunnel Boring Machine 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
- CRGIC
- CRCHI
- Tianhe Mechanical Equipment
- Liaoning Censcience Industry Co., Ltd
- Komatsu
- NHI Group
- Kawasaki
- Terratec
- Hitachi Zosen
- Shanghai Tunnel Engineering Co., Ltd
- Xugong Kaigong
- JIMT
Highlights of The Tunnel Boring Machine 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 Tunnel Boring Machine 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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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 tunnel boring machine (TBM) is a machine used to excavate tunnels under ground.
Some of the major companies in the tunnel boring machine market are Herrenknecht, CRGIC, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, Komatsu, NHI Group, Kawasaki, Terratec, Hitachi Zosen, Shanghai Tunnel Engineering Co., Ltd, Xugong Kaigong, JIMT.
The tunnel boring machine 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 Tunnel Boring Machine 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 Tunnel Boring Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tunnel Boring Machine 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 Tunnel Boring Machine 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 Tunnel Boring Machine Market Size & Forecast, 2020-2028
4.5.1 Tunnel Boring Machine Market Size and Y-o-Y Growth
4.5.2 Tunnel Boring Machine 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 Tunnel Boring Machine 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 Tunnel Boring Machine 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 Tunnel Boring Machine Market: Competitive Dashboard
14.2 Global Tunnel Boring Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Herrenknecht
14.3.2 CRGIC
14.3.3 CRCHI
14.3.4 Tianhe Mechanical Equipment
14.3.5 Liaoning Censcience Industry Co., Ltd
14.3.6 Komatsu
14.3.7 NHI Group
14.3.8 Kawasaki
14.3.9 Terratec
14.3.10 Hitachi Zosen
14.3.11 Shanghai Tunnel Engineering Co., Ltd
14.3.12 Xugong Kaigong
14.3.13 JIMT
