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Tunnel Boring Machines Market Size, Share & Industry Analysis, By Machine Type (Slurry-Type Shield Tunnel Boring machine, Boulder or Hard Rock Tunnel Boring machine, Specialized Shield Tunnel Boring Machines), By Application (Traffic Tunnelling, Utility Tunnelling), By End Users (Road Transport, Railway/Metro Transport, Utilities) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101674 | Status : Ongoing



With the growing underground construction across the various regions, the tunnel boring machines market demand is increasing tremendously and also is expected to grow at a higher growth rate over the forecast period. A tunnel boring machine is used for tunnels excavation with a circular cross-section through a variety of rock and soil strata.

Furthermore, the hard rock mining industry has also shown a significant interest in the use of tunnel boring machines for mine developments and attaining high rates of advance in civil tunnel construction fuelling the growth of tunnel boring machines market during the forecast period 2019-2026.

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Key Market Driver -

Key Market Driver – • Increase in need for micro-tunnelling for the water management system for urban areas • Increased spending on roads and railway infrastructure by government and private firms globally

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Key Market Restraint -

Key Market Restraint – • High installment cost and lack of flexibility coupled by adoption of alternative tunnelling methods are expected to restrain the growth of the tunnel boring machine market.

Additionally, the increasing trend of mechanical tunnel boring machines is anticipated to contribute heavily to the tunnel boring machines market. Mechanical rock excavation offers many advantages, such as improved safety, lower cost, etc. However, rising demand for technically advanced tunnel boring machines and increasing adoption of these machines in coal mining industries are anticipated to provide new opportunities in the global tunnel boring machines market. Also, technological advancements through automation and rock cutting technology are anticipated to create more opportunities in the coming future, especially in geographies with variable and heterogeneous ground.

Key Players Covered:

The major companies comprising the tunnel boring machines market are Qinhuangdao Tianye Tolian Heavy Industry Co. Ltd, Terratec Ltd., Herrenknecht Ag, Hitachi Zosen Corporation, Ishikawajima-Harima, Kawasaki Heavy Industries, Ltd., Komatsu, Mitsubishi Heavy Industries, Ltd. and The Robbins Company, etc.

Regional Analysis:

The demand for tunnel boring machines is high in the hilly terrains such as Italy, Spain, and France, etc. Also, countries such as India, Brazil, and South Africa have started expanding the expenditure on roads and railways infrastructure. This increasing demand is anticipated to create new opportunities for manufacturers of tunnel boring machines globally.

In Asia Pacific, India, along with China is expected to be the leading revenue-generating country. The major Chinese manufacturers are expanding from domestic/local market to international market with low-cost machines as compared to global manufacturers.

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In Europe, Germany leads the demand for tunnel boring machines owing to improving and increasing tunnelling projects throughout the country. Additionally, refurnishing projects are developing in Europe tunnelling projects as part of safety and operational requirements. Owing to these factors, the demand for tunnel boring machines is expected to remain high in Europe throughout the forecast period 2019-2026.




By Machine Type

  • Slurry-Type Shield Tunnel Boring machine

  • Earth Pressure Balance (EPB) Tunnel Boring Machine

  • Boulder or Hard Rock Tunnel Boring machine

  • Specialized Shield Tunnel Boring Machines

  • Hard Rock Tunnel Boring Machines

By Application

  • Traffic Tunnelling

    • Road Tunnelling

    • Railway/Metro Tunnelling

  • Utility Tunnelling

    • Water

    • Sewage

    • Hydropower

    • Pipelines

By End Users

  • Road Transport

  • Railway/Metro Transport

  • Utilities

  • Mining

  • Oil & Gas

  • Others

By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

  • September 2019- Terratec Ltd. has entered into an agreement with Maharashtra Metro Rail Corporation Ltd. to ship four tunnel boring machines to India for Pune metro.

  • March 2019- The first 1,800-tonne tunnel boring machine that will be used to construct Sirius Minerals 23-mile mineral transportation tunnel was officially launched in Europe.

  • Ongoing
  • 2023
  • 2019-2022

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