South America Tunnel Boring Machine Market is expected to reach US$ 591.09 million by 2027

Transportation Segment is Expected to be Fastest Growing During Forecast Period for SAM Region

According to The Insight Partners market research study on “SAM Tunnel Boring Machine Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, Geology, and End-User” is expected to reach US$  591.09 million by 2027 from US$  427.43 million in 2019. The market is estimated to grow at a CAGR of 4.5% from 2020 to 2027. The report provides trends prevailing in the SAM tunnel boring machine market along with the drivers and restraints pertaining to the market growth. Road infrastructure projects raising demand for tunnel boring machines is the major factor driving the growth of the SAM tunnel boring machine market. However, issues associated with tremendous financial investment hinders the growth of SAM tunnel boring machine market.  

The SAM tunnel boring machine market is segmented into type, geology, end-user, and country. Based on type, the market is segmented into slurry TBM, earth pressure balance shield, open gripper, shielded, multi-mode, and others. Slurry TBM segment held the largest market share of SAM tunnel boring machine market in 2019. In terms of geology, the market is divided into soft ground, hard rock ground, variable ground, and heterogeneous ground. Soft ground segment held the largest market share of SAM tunnel boring machine market in 2019. Based on end-user, the tunnel boring machine market is segmented into transportation, metals & mining, oil & gas, and others. Transportation segment held the largest market share of SAM tunnel boring machine market in 2019.

Brazil recorded the highest number of COVID-19 positive cases in SAM. The government of SAM has taken an array of actions to protect their citizens and contain the spread of novel coronavirus. The region has faced lower export revenues in 2020, both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Also, in manufacturing, Brazilian companies imported components from Chinese companies. The presence of various developing nations makes the region one of the major markets for the growth of the tunnel boring machine market. However, the sharp decline in manufacturing, construction, and infrastructure development activities in this region due to COVID-19 lockdown measures is expected to negatively impact the growth of the market till mid-2021. In addition, the disruptions in supply chain and shortage of raw materials also aggravated various industries operating in this region. Hence, the decline in business operations and infrastructure development activities hindered the growth rate of the tunnel boring machine market in SAM in 2020, and it is likely to continue in 2021, too.

Dalian Huarui Heavy Industry Group Co., Ltd.; Herrenknecht AG; Kawasaki Heavy Industries, Ltd.; Komatsu Ltd.; TERRATEC Ltd.; and The Robbins Company are among the leading companies in the SAM tunnel boring machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, The Robbins Company provided Nepal first tunnel boring machine, a 5.06 m (16.6 ft) diameter Robbins Double Shield. The TBM, was delivered in 2017 for the Bheri Babai Diversion Multipurpose Project (BBDMP).

The report segments the SAM Tunnel Boring Machine Market follows:

SAM Tunnel Boring Machine Market – By Type

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

SAM Tunnel Boring Machine Market – By Geology

• Soft Ground
• Hard Rock Ground
• Variable Ground
• Heterogeneous Ground

SAM Tunnel Boring Machine Market – By End-User

• Transportation
• Metals & Mining
• Oil & Gas
• Other End-Users

 SAM Tunnel Boring Machine Market – By Country

• Brazil
• Argentina
• Rest of SAM