Tunnel Boring Machine Market, by Machine Type (Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM, Open Gripper TBM, Others), Geology Type (Soft Ground, Hard Rock Ground, Heterogenous Ground, Variable Ground), End Users (Transportation, Utilities, Metal & Mining, Oil & Gas, Others), Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Industry Trends and Forecast To 2030

The Global Tunnel Boring Machine Market reached USD 6.2 billion in 2021 and is expected to grow at a CAGR of 5.80% during the forecast period from 2021 to 2030.

The tunnel boring machine (TBM) is rapidly increasing on account of the surge in private and public investment in infrastructure development and decreased operating time. Excavation with the tunnel boring machine does not generate disturbances in the nearby soil with the security of the worker's personnel.

The major factor propelling the development of the market is the surge in the demand for the surged price of rail and road infrastructure by the private and public companies. Furthermore, the surged need for micro-tunnels for the water management system in the urban fields is anticipated to fuel the development of the global tunnel boring machine market.

The market for tunnel boring machine (TBM) market is mainly propelled by increasing rail and road infrastructure prices. The major reason is to connect the major cities of the country, many times even international, with a minimum travel period.

On the other hand, the high price of installation of TBM and lack of flexibility of TBM is anticipated to slow the development of the tunnel boring machine market. In contrast, the acceptance of substitute procedures of tunneling is envisaged to check the development of the global market.

Conversely, it is anticipated that technical developments through rock cutting technology and automation will produce more opportunities in the predicated time frame, mainly in regions where the terrain is variable and heterogeneous. The increasing approval of these machines in the mining industry is another factor anticipated to create market opportunities for players in the global TBM market.

Table 1. GLOBAL TUNNEL BORING MACHINE MARKET OVERALL SNAPSHOT

Table 1. GLOBAL TUNNEL BORING MACHINE MARKET OVERALL SNAPSHOT

Impact of COVID-19 on Tunnel Boring Machine Market

The outbreak of Covid-19 led to an upsurge in concerns among market companies about supply chain disturbances. Furthermore, the interruption of manufacturing further obstructed the market.

In addition, the consumer expenditure, also observed a decline in the timeframe of the outbreak. However, as the lockdown are eased off, the market is likely to recover in the forecast period.

TUNNEL BORING MACHINE MARKET

TABLE 2: GLOBAL TUNNEL BORING MACHINE MARKET OVERVIEW

Market Segmentation

By Machine Type

There are several types of machine types in the tunnel boring machine market, some of the major types are slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, open gripper TBM, and others.

The slurry TBM type is anticipated to hold the largest market share. The growth of this segment is attributed to increasing awareness about the several advantages of slurry TBM, comprising high viscosity, and high specific gravity, which pressure controls the cutting face, resulting in inconstancy that is gotten even under high pressure.

By Geology Type

There are four major types of geology, which mainly include soft ground, hard rock ground, heterogenous ground, and variable ground.

The soft ground segment is projected to hold the largest market share. The growth is attributed to several different cutting heads that are employed for soft rock.

By End User

The transportation, utilities, metal & mining, oil & gas, and others are the major types of end users in the tunnel boring machine market. The transportation segment is further sub-segmented into railway transport, road transport, and metro & transit.

The transportation segment holds the largest market share in the forecast period. This is on account of upsurge in metro transport investments and projects by key metro pipeline establishments on infrastructure schemes.

By Region:

Asia Pacific holds the largest market share on account of the fast rise in tunnel construction activities and the growth of railway infrastructure to increase commute and decrease the price of transportation among key cities in countries such as India, China, South Korea, and Japan.

In addition, the growing government spending on infrastructure and rail network expansion and rapid road in the region is also anticipated to propel the demand. The governments of Japan and China capitalize significantly in tunnels for faster commute among main cities.

FIGURE 1: GLOBAL TUNNEL BORING MACHINE MARKET (USD BILLION), 2021-2030

FIGURE 1: GLOBAL TUNNEL BORING MACHINE MARKET (USD BILLION), 2021-2030

Major Companies in the Tunnel Boring Machine Market

  • May 2020, Shanghai capitalized nearby $38 billion on a new infrastructure scheme for the next 3 years. Furthermore, an increase in acceptance of tunnel boring machines in the mining industry is anticipated to offer lucrative opportunities for the development of the global tunnel boring machine market.
  • February 2018, the S776 tunnel boring machine was fixed in Malaysia. An innovative variable density tunnel boring machine was positioned for excavated the 9.5-Km-long twin tunnels of the Sungai Buloh-Kajang Metro Rail Transit (MRT) Line, Malaysia, which helps ~120,000 explorers every day. The machine was considered by Herrenknecht, Germany, which has a developed factory in China.
  • July 2019, the land transport authority, (Singapore), rolled out a tunnel boring machine at Keppel MRT station to commence the first stage of tunneling for the circle line stage 6 (CCL6) to widespread the circle line loop (CCL). The machine would tunnel from Keppel station to Harbourfront station by 2025. ~66% of the stabilizing and retaining structures of this scheme have been over, and excavation structures and works are in progress.

Key companies: In this study report, the foremost companies studied are Kawasaki Heavy Industries, Ltd. (Japan), Komatsu Ltd. (Japan), Herrenknecht AG (Germany), Hitachi Zosen Corporation (Japan), China Railway Engineering Equipment Group Co., Ltd. (China), and Others.

Market Segmentation:

By Machine Type                              

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

By Geology Type                               

  • Soft Ground
  • Hard Rock Ground
  • Heterogenous Ground
  • Variable Ground            

By End Users                         

  • Transportation
    • Road Transport
    • Railway Transport
    • Metro & Transit
  • Utilities
  • Metal & Mining
  • Oil & Gas
  • Others

By Region                              

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

GLOBAL TUNNEL BORING MACHINE MARKET                

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