[Research Report] The tunnel boring machine market was valued at US$ 6,236.13 million in 2019 and is projected to reach US$ 9,434.24 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.
A tunnel boring machine is used to excavate tunnels. The machine can bore through numerous ground conditions such as soft ground, hard rock, variable, and heterogeneous ground. The tunnel diameters can range from 1 meter to ~16 meters. The machine is incorporated with an innovative navigation system to ensure that it digs precisely along the tunnel alignments. It is scrutinized 24 hours a day, seven days a week, and fully equipped with staff facilities. The machine is effective for catering smooth cut, together with constructing concrete shields around the bored tunnels. The largest diameter tunnel boring machine, at 15.43 meters, was designed by German-based Herrenknecht AG for a project in Shanghai, China. The machine consists of one or two shields and trailing support tools. At the front end of the shield is a rotating cutting wheel, whereas behind the cutting wheel is a chamber. Tunnel boring machines are deployed in several major industries. The successful application of this machine depends on selecting a suitable equipment and cutting tools for the ground conditions to be encountered.
Growth in road infrastructure is one of the significant factors propelling the growth of the tunnel boring machine market. Rising government investment in railway projects is anticipated to drive the global tunnel boring machine market during the forecast period. For instance, construction of the Fehmarnbelt tunnel between Denmark and Germany initiated on January 2021 in Denmark. The project will be completed by 2029. The project would allow the development of the longest combined road and rail immersed tube tunnel across the globe. In June 2019, China Railway Engineering Equipment Group Co., Ltd. introduced its tunnel boring machine, which exported to Italy for a railway project connecting Milan and Verona. The machine has a diameter of 10.03 meters and a length of 155 meters; it weighs 1,800 tons. Rising levels of industrialization and urbanization in developing countries due to population growth coupled with upgrade in tunnel infrastructure and rise in tunnel safety regulations are also expected to boost the growth of the tunnel boring machine market during 2020 to 2027.
Impact of COVID-19 Pandemic on Tunnel Boring Machine Market
North America has the highest adoption and growth rate of new technologies owing to favourable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any hindrance on industries hampers the economic growth of the region. Presently, the US is the world’s worst affected country due to the COVID-19 outbreak thereby influencing the sudden stands still across all industries such as manufacturing and automotive amongst others. It is becoming apparent with the COVID-19 pandemic spreading across the US that a few can escape its scope, presenting significant challenges to all industries. However, the major adoption of the technology across the region is noticed in the manufacturing sector where the same is applied for converting traditional manufacturing processes into smart ones. Thus, the closure of all manufacturing units across countries such as the US, Canada, and Mexico is expected to impact the growth of the tunnel boring machine market negatively.
Lucrative Regions for Tunnel Boring Machine Providers
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Tunnel Boring Machine Market Insights
Growth in Road Infrastructure Projects
The global road infrastructure and construction industry is growing at an impressive pace due to rising population and urbanization levels, especially in the developed and developing regions of the world. Rising government expenditure on infrastructure and swiftly growing road network expansions across all the countries are driving the global market. Spending on new transport infrastructure in various potential countries and upgrade of existing infrastructure are fueling the demand for tunnel boring machines. Infrastructure upgrading activities, development of smart cities, and rise in trend of tunnel automation are some of the major factors fueling the global market. Several governments of major countries are involved in designing tunnels for smooth road transport and reduced travel times.
Increased Focus toward Microtunneling
Tunnel boring machines usually have diameters from 5–17 meters. Microtunnel boring machines are smaller, with an excavation diameter of ~4 meters. At present, microtunnel activities are widely used to construct several kilometers of underground infrastructure globally. It is considered a fast alternative to traditional pipe installation systems. It is an automated process of boring and pipe installation used for excavation utility facilities, such as wastewater, freshwater, oil & gas, communications, and electricity. These machines are rising worldwide since they create less environmental impact compared to conventional excavation methods. Microtunnels have grown in North America to replace aging infrastructure in the US. The requirement for enhanced infrastructure across North America is robust and stronger as the existing utility systems are aging.
Tunnel Boring Machine Market, by Geology – 2019 and 2027
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Type-Based Market Insights
Based on type, the global tunnel boring machine market is bifurcated into Slurry TBM, Earth Pressure Balance Shield TBM, Open Gripper TBM, Shielded TBM, Multi-Mode TBM, and Other Types. The slurry TBM segment led the tunnel boring machine market. A slurry tunnel boring machine is used when the ground conditions are rough with high water pressure. It is ideal for digging soils with high water content. This machine is integrated with a slurry system that manages the pressure in the excavation face by inserting pressurized slurry into the cutter chamber. Further, slurry machines are highly installed in major projects across the world. For instance, in September 2017, Robbins’s slurry tunnel boring machine was installed for Mumbai metro line 3 with a diameter of 6.65 meters. The machine was deployed under contract UGC03 for the Dogus-Soma JV (DSJV) and started excavation in 2017.
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Tunnel Boring Machine Market: Strategic Insights
Market Size Value in US$ 6,236.13 Million in 2019 Market Size Value by US$ 9,434.24 Million by 2027 Growth rate CAGR of 5.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Tunnel Boring Machine Market: Strategic Insights
| Market Size Value in | US$ 6,236.13 Million in 2019 |
| Market Size Value by | US$ 9,434.24 Million by 2027 |
| Growth rate | CAGR of 5.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the tunnel boring machine market focus on strategies such as mergers, acquisitions, product developments, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2020, the largest tunnel boring machine by Herrenknecht AG ever used in Europe successfully completed its drive in June. The supersize borer (Earth Pressure Balance Shield, diameter 15.87 meters) manufactured by Herrenknecht.
- In 2020, India’s largest diameter TBM was packed at China Railway Construction Heavy Industry Co., Ltd. The first industrial park in the Changsha city, central-south of China. It will pass through Shanghai Port to Mumbai for a coastal road project.
Tunnel Boring Machine Market – by Type
- Slurry TBM
- Earth Pressure Balance Shield TBM
- Open Gripper TBM
- Shielded TBM
- Multi-Mode TBM
- Other Types
Tunnel Boring Machine Market – by Geology
- Soft Ground
- Hard Rock Ground
- Variable Ground
- Heterogeneous Ground
Tunnel Boring Machine Market – by End-User
- Transportation,
- Metals & Mining
- Oil & Gas
- Other End-Users
Tunnel Boring Machine Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- China Railway Construction Heavy Industry Co., Ltd.
- CREG TBM Germany GmbH
- DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD.
- Herrenknecht AG
- Hitachi Zosen corporation
- IHI Corporation
- Kawasaki Heavy Industries, Ltd.
- Komatsu Ltd.
- The Robbins Company
- TERRATEC Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Geology , and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The tunnel boring machine market was dominated by APAC in 2019. China and Japan are the leading countries in the APAC tunnel boring machine market. The key reason behind significant demand in the aforementioned countries is the steep rise in government investment for the development of road and rail line infrastructure, including the construction of various tunnels in the route.
The global road infrastructure and construction industry is growing at an impressive pace due to rising population and urbanization levels, especially in the developed and developing regions of the world. Rising government expenditure on infrastructure and swiftly growing road network expansions across all the countries are driving the global market. Spending on new transport infrastructure in various potential countries and upgrade of existing infrastructure are fueling the demand for tunnel boring machines. Infrastructure upgrading activities, development of smart cities, and rise in trend of tunnel automation are some of the major factors fueling the global market.
The slurry TBM is the leading type in the market. A slurry tunnel boring machine is used when the ground conditions are rough with high water pressure. It is ideal for digging soils with high water content. This machine is integrated with a slurry system that manages the pressure in the excavation face by inserting pressurized slurry into the cutter chamber.
The List of Companies - Tunnel Boring Machine Market
- China Railway Construction Heavy Industry Co., Ltd.
- CREG TBM Germany GmbH
- DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD.
- Herrenknecht AG
- Hitachi Zosen corporation
- IHI Corporation
- Kawasaki Heavy Industries, Ltd.
- Komatsu Ltd.
- The Robbins Company
- TERRATEC Ltd.
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