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Tunnel Boring Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global tunnel boring machine market reached a value of US$ 5.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.79 Billion by 2027, exhibiting a growth rate (CAGR) of 4.05% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A tunnel boring machine (TBM) is advanced equipment that helps excavate tunnels with a circular cross-section through various soil and rock strata. It is an alternative to the drilling and blasting (D&B) method and conventional hand mining of soil. It reduces the disturbance caused to the surrounding ground and produces a smooth tunnel wall. In addition, it minimizes the cost of lining the tunnel and makes the tunnel suitable for use in heavily urbanized areas. It also offers several advantages, including continuous operation, lesser rock damages, fewer support requirements, and higher efficiency and worker safety.

Tunnel Boring Machine Market Trends:

The increasing utilization of TBMs in the mining industry, along with new innovations in rock cutting technology, represents one of the key factors driving the market. In addition, governments of several countries are extensively investing in infrastructural development like highways. This, along with the extensive application of TBMs in the water pipeline, hydropower, and oil and gas pipeline projects, is positively influencing the market. Besides this, the growing tunnel safety regulations and improving underground infrastructure around the world are contributing to the growth of the market. Additionally, rising awareness about the advantages of TBMs, such as high specific gravity and viscosity, and stability under high pressure, is propelling the overall sales of TBMs. Some of the other factors offering lucrative growth opportunities to market players are rapid urbanization, increasing development of smart cities, and the growing trend of tunnel automation. These players are also focusing on microtunnel activities to construct several kilometers of underground infrastructure worldwide to increase their overall sales and profitability, which is projected to strengthen the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tunnel boring machine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on machine type, product type, application and end user.

Breakup by Machine Type:

  • Slurry TBM
  • Earth Pressure Balance Shield TBM
  • Shielded TBM
  • Multi-Mode TBM
  • Others
     

Breakup by Product Type:

  • Soft Ground TBM
  • Hard Ground TBM
     

Breakup by Application:

  • Traffic Tunneling
  • Utility Tunneling
     

Breakup by End User:

  • Road Transport
  • Railway Transport
  • Metro and Transit
  • Utilities
  • Mining
  • Oil and Gas
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akkerman Inc., China Railway Construction Heavy Industry Corporation Limited, China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited), Dalian Huarui Heavy Industry Group Co. Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Northern Heavy Industries Group Co. Ltd. and Sika AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Machine Type, Product Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akkerman Inc., China Railway Construction Heavy Industry Corporation Limited, China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited), Dalian Huarui Heavy Industry Group Co. Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Northern Heavy Industries Group Co. Ltd. and Sika AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global tunnel boring machine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global tunnel boring machine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the machine type?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global tunnel boring machine market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Tunnel Boring Machine Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Machine Type
    6.1    Slurry TBM
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Earth Pressure Balance Shield TBM
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Shielded TBM
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Multi-Mode TBM
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Soft Ground TBM
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hard Ground TBM
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Traffic Tunneling
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Utility Tunneling
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Road Transport
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Railway Transport
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Metro and Transit
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Utilities
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Mining
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Oil and Gas
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Akkerman Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    China Railway Construction Heavy Industry Corporation Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Dalian Huarui Heavy Industry Group Co. Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Herrenknecht AG
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Hitachi Zosen Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    IHI Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kawasaki Heavy Industries Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Komatsu Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Northern Heavy Industries Group Co. Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Sika AG
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials

List of Figures

Figure 1: Global: Tunnel Boring Machine Market: Major Drivers and Challenges
Figure 2: Global: Tunnel Boring Machine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tunnel Boring Machine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Tunnel Boring Machine Market: Breakup by Machine Type (in %), 2021
Figure 5: Global: Tunnel Boring Machine Market: Breakup by Product Type (in %), 2021
Figure 6: Global: Tunnel Boring Machine Market: Breakup by Application (in %), 2021
Figure 7: Global: Tunnel Boring Machine Market: Breakup by End User (in %), 2021
Figure 8: Global: Tunnel Boring Machine Market: Breakup by Region (in %), 2021
Figure 9: Global: Tunnel Boring Machine (Slurry TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Tunnel Boring Machine (Slurry TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Tunnel Boring Machine (Earth Pressure Balance Shield TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Tunnel Boring Machine (Earth Pressure Balance Shield TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Tunnel Boring Machine (Shielded TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Tunnel Boring Machine (Shielded TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Tunnel Boring Machine (Multi-Mode TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Tunnel Boring Machine (Multi-Mode TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Tunnel Boring Machine (Other Machine Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Tunnel Boring Machine (Other Machine Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Tunnel Boring Machine (Soft Ground TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Tunnel Boring Machine (Soft Ground TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Tunnel Boring Machine (Hard Ground TBM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Tunnel Boring Machine (Hard Ground TBM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Tunnel Boring Machine (Traffic Tunneling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Tunnel Boring Machine (Traffic Tunneling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Tunnel Boring Machine (Utility Tunneling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Tunnel Boring Machine (Utility Tunneling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Tunnel Boring Machine (Road Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Tunnel Boring Machine (Road Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Tunnel Boring Machine (Railway Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Tunnel Boring Machine (Railway Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Tunnel Boring Machine (Metro and Transit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Tunnel Boring Machine (Metro and Transit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Tunnel Boring Machine (Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Tunnel Boring Machine (Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Tunnel Boring Machine (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Tunnel Boring Machine (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Tunnel Boring Machine (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Tunnel Boring Machine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Tunnel Boring Machine (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Tunnel Boring Machine (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Tunnel Boring Machine Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Tunnel Boring Machine Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Tunnel Boring Machine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Tunnel Boring Machine Industry: SWOT Analysis
Figure 91: Global: Tunnel Boring Machine Industry: Value Chain Analysis
Figure 92: Global: Tunnel Boring Machine Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Tunnel Boring Machine Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tunnel Boring Machine Market Forecast: Breakup by Machine Type (in Million US$), 2022-2027
Table 3: Global: Tunnel Boring Machine Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 4: Global: Tunnel Boring Machine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Tunnel Boring Machine Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Tunnel Boring Machine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Tunnel Boring Machine Market: Competitive Structure
Table 8: Global: Tunnel Boring Machine Market: Key Players


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