Tunnel Boring Machine Market: Global Industry Analysis and Forecast (2022-2029)

Tunnel Boring Machine Market was valued at US$ 6.11 Bn in 2021 and is expected to grow at US$ 10.55 Bn in 2029. Tunnel Boring Machine Market size is expected to grow at a CAGR of 7.06 % through the forecast period.

Tunnel Boring Machine Market Overview:

A tunnel boring machine (TBM) which is a machine that excavates circular-shaped tunnels through various soil and rock strata. They can pierce hard rock, sand, and practically any other material. The tunnel diameter ranges from a meter (done with micro-TBMs) to nearly 16 meters. designed to bore through anything from hard rock to sand. Tunnels of less than a meter or so in diameter are typically done using trenchless construction methods or horizontal directional drilling rather than TBMs. Drilling and blasting operations in rock and traditional hand mining in soil are both replaced by Tunnel Boring machines. They can be designed to bore through anything from hard rock to sand. Tunnel Boring Machine Market To know about the Research Methodology :- Request Free Sample Report Tunnel boring machines are used as an alternative to drilling and blasting (D&B) methods in rock and conventional hand mining in soil. TBMs can also be designed to excavate non-circular tunnels, including u-shaped or horseshoe and square or rectangular tunnels. The tunnel boring machine must be protected from the material falling around it as it grinds its way along. Support systems to protect the TBM from fault zones include pipes, grout injection, rock bolts, and freezing used over or in front of the cutterhead. The report explores the Tunnel Boring Machine Market segments (Product Type, Machine Type, End User and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Tunnel Boring Machine Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Tunnel Boring Machine Market contemporary competitive scenario. 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region. COVID-19 Impact on Tunnel Boring Machine Market: The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Tunnel Boring Machine market. The covid-19 pandemic affected the Tunnel Boring Machine Market. The shortage of workers, site accessibility, dearth of construction materials, and inappropriate prevention measures at construction site materials are the factors which restrain the market. The pandemic led mobility restrictions, panic, and operational halts which are the most known challenges encountered by tunnelling projects across the world leading to reduction of the growth of Tunnel Boring Machine Market. However, the risk response strategies implied by the market players for design, budget, supply chain, and project management are allowing market players helps for the growth of the market during the pandemic. In addition, easing pandemic restrictions increasing focus on micro-tunnelling, government regulations regarding construction of networked rail and road infrastructure have propelled the Tunnel Boring Machine Market.

Tunnel Boring Machine Market Dynamics:

The factors such as a rise in the global construction sector, an increase in highway constructions, the mining sector, and micro tunnel works leads to the growth of the Tunnel Boring Machine Market during the forecast period. During the blast, the tunnel boring with the drilling and blasting technique can disturb the surrounding ground surface by damaging the soil base. The importance of TBM increases when the debris generated during the blasting adds more cost and time to the project to remove it. For reducing the cost and shortening the time required to complete the project, TBM is efficient to perform mining work with precision and produce smooth tunnels. The tunnel boring machine are difficult to build. The high cost which is associated with the instruments and for the maintenance will hamper the growth of Tunnel Boring Machine Market. The growing urbanization and rise in government mining project in developing nations is expected to provide ample growth opportunities to the market growth during the forecast period. The risks such as excavation and lining, transportation of material, scaling and mucking, ventilation, cutter head intervention of tunnel boring machine (TBM) in compressed as well as in open mode, handling of tunnel machinery, working in narrow space, overloading of the crane, temporary segment dismantling are involved during the construction of the tunnel boring machine.

Tunnel Boring Machine Market Segment Analysis:

Based on machine type, the segment shield is expected to grow with the highest market share during the forecast period. The construction of subways, railways, and roads are used by the shield segment. The cost of coating the tunnel get reduces and makes them proper to use in a heavily industrial area by the tunnel boring machine. The shield tunneling method allows for continuous boring production while maintaining safe work conditions. In addition to supporting the surrounding soil, the shield also houses several mechanisms, including soil removal systems, slurry pipelines, control rooms, and rails for transporting the lining segments. These all factors lead to the growth of the Tunnel Boring Machine Market. Tunnel Boring Machine Market Based on product type, the hard rock ground TBM segment is dominated with the highest share by XX% during the forecast period, owing to its applications in design and used to construct a high-scale tunnel projects for road and railway infrastructure. The large number of rail transport and metropolitan rail transport activities are the major factors which leads to the growth of this market. The hard rock TBM segment is further divided into open TBM, gripper TBM, double shield TBM, and single shield TBM. On the basis of how hard the rock is, the selection of either of these rocks are done. The soft rock TBM segment is divided into two parts i.e., earth pressure balance TBM and slurry head TBM. Slurry head TBM is more suitable when the water content in the rock is considerably high (soil rock). The dual mode or custom TBM are specially designed for a specific terrain and rock type. Tunnel Boring Machine Market

Tunnel Boring Machine Market Regional Insights:

The Asia-Pacific region is expected to witness significant growth at a CAGR of XX% through the forecast period. because of increased public spending on infrastructure and the fast development of road and rail networks in the region it has become the significant marketplace for tunnel boring machines. Countries like China and Japan have the largest number of road tunnels in the field. China has the domain largest manufactures of tunnel boring machines. In countries such as India and South Korea, the growing expenditure on railway and road structure network leads to the growth of the Tunnel Boring Machine Market. As compared to global manufactures, China manufacturers are expanding their market from domestic/local market to international market. The objective of the report is to present a comprehensive analysis of the Tunnel Boring Machine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Tunnel Boring Machine Market dynamic, structure by analyzing the market segments and projecting the Tunnel Boring Machine Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Tunnel Boring Machine Market make the report investor’s guide.

Tunnel Boring Machine Market Scope: Inquire before buying

Global Tunnel Boring Machine Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 6.11 Bn.
Forecast Period 2022 to 2029 CAGR: 7.06% Market Size in 2029: US$ 10.55 Bn.
Segments Covered: by Machine Type • Slurry TBM • Earth Pressure Balance Shield TBM • Shielded • Multi-Mode • Others
by Product Type • Soft Ground TBM • Hard Rock Ground TBM • Heterogenous Ground TBM • Variable Ground TBM
by End Users • Road Transport • Railway & Highway • Municipal Engineering • Railway Transport • Metro & Transit • Utilities • Mining • Oil & Gas • Others

Tunnel Boring Machine Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Tunnel Boring Machine Market Key Players

• Herrenknecht AG • Hitachi Zosen Corporation • Jim Technology Corporation • Mitsubishi Heavy Industries Ltd. • Kawasaki Heavy Industries Ltd. • Komatsu • Terratec Ltd. • Northern Heavy Industries Group Co.Ltd. • SELI • Xugong Kaigong • STEC • Shanghai Tunnel Engineering Co.Ltd. • Tianye Tolian • China Railway Construction Heavy Industry Co. Ltd • Tolian Corporation, • Certified Red Team Expert (CRTE) • Ishikawajima-Harima Heavy Industries Co, Ltd • The Robbins Company, Inc • Bosh Rexroth AG • TBM Germany GmbH Frequently Asked Questions: 1] What segments are covered in the Tunnel Boring Machine Market report? Ans. The segments covered in the Tunnel Boring Machine Market report are based on Machine Type, Product Type and End User. 2] Which region is expected to hold the highest share in the Tunnel Boring Machine Market? Ans. Asia-Pacific region is expected to hold the highest share in the Tunnel Boring Machine Market. 3] What is the market size of the Tunnel Boring Machine Market by 2029? Ans. The market size of the Tunnel Boring Machine Market by 2029 is expected to reach US$ 10.55 Bn. 4] What is the forecast period for the Tunnel Boring Machine Market? Ans. The forecast period for the Tunnel Boring Machine Market is 2021-2029. 5] What was the market size of the Tunnel Boring Machine Market in 2021? Ans. The market size of the Tunnel Boring Machine Market in 2021 was valued at US$ 6.11 Bn.
1. Tunnel Boring Machine Market: Research Methodology 2. Tunnel Boring Machine Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Tunnel Boring Machine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Tunnel Boring Machine Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Tunnel Boring Machine Market Segmentation 4.1. Tunnel Boring Machine Market, By Machine Type (2021-2029) • Slurry TBM • Earth Pressure Balance Shield TBM • Shielded • Multi-Mode • Others 4.2. Tunnel Boring Machine Market, By Product Type (2021-2029) • Soft Ground TBM • Hard Rock Ground TBM • Heterogenous Ground TBM • Variable Ground TBM 4.3. Tunnel Boring Machine Market, By End User (2021-2029) • Road Transport • Railway & Highway • Municipal Engineering • Railway Transport • Metro & Transit • Utilities • Mining • Oil & Gas • Others 5. North America Tunnel Boring Machine Market (2021-2029) 5.1. North America Tunnel Boring Machine Market, By Machine Type (2021-2029) • Slurry TBM • Earth Pressure Balance Shield TBM • Shielded • Multi-Mode • Others 5.2. North America Tunnel Boring Machine Market, By Product Type (2021-2029) • Soft Ground TBM • Hard Rock Ground TBM • Heterogenous Ground TBM • Variable Ground TBM 5.3. North America Tunnel Boring Machine Market, By End User (2021-2029) • Road Transport • Railway & Highway • Municipal Engineering • Railway Transport • Metro & Transit • Utilities • Mining • Oil & Gas • Others 5.4. North America Tunnel Boring Machine Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Tunnel Boring Machine Market (2021-2029) 6.1. European Tunnel Boring Machine Market, By Machine Type (2021-2029) 6.2. European Tunnel Boring Machine Market, By Product Type (2021-2029) 6.3. European Tunnel Boring Machine Market, By End User (2021-2029) 6.4. European Tunnel Boring Machine Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tunnel Boring Machine Market (2021-2029) 7.1. Asia Pacific Tunnel Boring Machine Market, By Machine Type (2021-2029) 7.2. Asia Pacific Tunnel Boring Machine Market, By Product Type (2021-2029) 7.3. Asia Pacific Tunnel Boring Machine Market, By End User (2021-2029) 7.4. Asia Pacific Tunnel Boring Machine Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tunnel Boring Machine Market (2021-2029) 8.1. Middle East and Africa Tunnel Boring Machine Market, By Machine Type (2021-2029) 8.2. Middle East and Africa Tunnel Boring Machine Market, By Product Type (2021-2029) 8.3. Middle East and Africa Tunnel Boring Machine Market, By End User (2021-2029) 8.4. Middle East and Africa Tunnel Boring Machine Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Tunnel Boring Machine Market (2021-2029) 9.1. South America Tunnel Boring Machine Market, By Machine Type (2021-2029) 9.2. South America Tunnel Boring Machine Market, By Product Type (2021-2029) 9.3. South America Tunnel Boring Machine Market, By End User (2021-2029) 9.4. South America Tunnel Boring Machine Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Herrenknecht AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hitachi Zosen Corporation 10.3. Jim Technology Corporation 10.4. Mitsubishi Heavy Industries Ltd. 10.5. Kawasaki Heavy Industries Ltd. 10.6. Komatsu 10.7. Terratec Ltd. 10.8. Northern Heavy Industries Group Co.Ltd. 10.9. SELI 10.10. Xugong Kaigong 10.11. STEC 10.12. Shanghai Tunnel Engineering Co.Ltd. 10.13. Tianye Tolian 10.14. China Railway Construction Heavy Industry Co. Ltd 10.15. Tolian Corporation, 10.16. Certified Red Team Expert (CRTE) 10.17. Ishikawajima-Harima Heavy Industries Co, Ltd 10.18. The Robbins Company, Inc 10.19. Bosh Rexroth AG 10.20. TBM Germany GmbH

About This Report

Report ID 36852
Category Healthcare
Published Date July 2022
Updated Date
Contact Us