Tunnel Boring Machine Market By Applications (Transportation, Mining, Public Utility); By Products Type (Soft Ground TBM, Hard Rock TBM); By End-User (Railways & Metro, Utilities, Mining, Oil & Gas, Governments, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

Tunnel Boring Machine Market Overview and Definition

The global tunnel boring machine market size was worth USD 5.9 billion in 2021. It is estimated to reach USD 11.5 billion by 2032, growing at a CAGR of 6.2% during the forecast period 2022–2032.The first tunnel boring machine was invented in 1863, by Frederick Edward Blackett Beaumont. A tunnel boring machine (TBM) is a tunneling machine used to excavate tunnels and in building micro-tunneling (drilling and blasting). These tunnel boring machines find their applications into areas such as tunnels for roads construction, railways, water treatment systems, and pipelines. They can bore through anything from hard rock to sand and these tunnel diameters can range from one meter (3.3 ft to 58 ft). A tunnel boring machine (TBM), also known as a "mole" machine.

Growth Drivers & Restraints

The market of tunnel boring machine is expected to thrive on the back of rising construction activities among construction industries. The increasing technological advancements in tunnel boring machines for drilling and blasting are anticipated to increase the demand for tunnel boring machines across the globe. Besides this, the government initiatives and programs in developing and developed countries to enhance construction projects are augmenting the growth of the tunnel boring machine market. Since the governments are spending huge capital for the enhancement of transportation infrastructure on passageways tunnels, the demand for tunnel boring machines is rising remarkably across all regions. Moreover, the governments are spending on constructions such as, recently Indian government launched a 10.89 km tunnel in Jammu Kashmir and secondly China is constructing a 12 km long high-speed train tunnel bellow great wall for delivering an improved construction work. These are the key drivers for the growth of the tunnel boring machine market.

Additionally, the rising adoption of tunnel boring machine in coal mining industries is escalating the growth of the tunnel boring machine market. Further, the rising constructional activities for various tunnel work such as, rail tunnel, road tunnel, underground passageways tunnels, and others are the major factors that are positively influencing the growth of tunnel boring machine market. Besides this, the increase in the need for water management systems in urban areas by using micro-tunneling leads the demand for tunnel boring machines. In terms of region, Asia Pacific acquired lion shares in the market and the china and Japan are the strongest countries for the tunnel boring machine in this region as China and Japan have the longest total tunnel roads in the world.

Moreover, due to the increasing government expenditure on construction activities on tunnels projects such as road tunnels, railway, mining, and other tunnels expansion in the region is allowing the countries to dominate the tunnel boring machine market in the Asia Pacific region. However, the high cost and high maintenance cost of the tunnel boring machine is likely to hinder the growth of tunnel boring machine market.

Tunnel Boring Machine Market Segmentation

The research offers a comprehensive analysis of tunnel boring machine market with respect to following sub-markets:

By Applications

- Transportation
- Mining
- Public Utility

By End-User

- Railways & Metro
- Utilities
- Mining
- Oil & Gas
- Governments
- Others

By Products Type

- Soft Ground TBM
- Hard Rock TBM

By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Tunnel Boring Machine Market Competitive Landscape

The report profiles various major market players such as:

- Herrenknecht
- Robbins
- Hitachi Zosen Corporation
- Komatsu Ltd
- Mitsubishi Ltd
- Ishikawajima-Harima
- Terratec
- TianyeTolian Corporation
- wirth Group
- Other Prominent Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).

The study also provides company’s positioning and market share in tunnel boring machine.

Timeline Considered for Analysis:

2021: Base Year

2022: Estimate1d Year

2022 to 2032: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the tunnel boring machine market by the following segments:

- By Application
- By End-User
- By Product Type

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Tunnel Boring Machine Market Industry Report

- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?

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  • Publication date: 15th January 2024
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

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Frequently Asked Questions(FAQ)

A tunnel boring machine (TBM) is a machine used to excavate tunnels by drilling through rock or soil. TBMs are typically used for large-scale infrastructure projects, such as subway systems, water tunnels, and highway tunnels.

There are several types of tunnel boring machines available in the market, including hard rock TBMs, soft ground TBMs, and dual-mode TBMs. Each type has its own advantages and disadvantages, depending on the specific geology of the tunnel.

The key features of a tunnel boring machine include a cutter head, a support system, a conveyor system, and a control room. The cutter head is used to excavate the tunnel, while the support system provides stabilization and reinforcement to the tunnel walls. The conveyor system is used to remove the excavated material, and the control room is used to monitor and control the operation of the machine.

Tunnel boring machines are used in a wide range of applications, including transportation infrastructure, water management systems, and mining operations. They are also used for underground storage facilities, such as oil and gas storage, and for the construction of hydroelectric power plants.

There are many brands of tunnel boring machines available in the market, including Herrenknecht, Robbins, Hitachi Zosen, Caterpillar, and Komatsu. Each brand has its own unique features and benefits, and it is important to choose a reputable brand that is known for quality and reliability.

Choosing the right tunnel boring machine depends on several factors, including the geology of the tunnel, the required tunnel diameter and length, the required advance rate, and the type of excavation. It is important to consult with a knowledgeable dealer or manufacturer to ensure you select the right machine for your specific needs.

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