Global Tunnel Boring
Machine Market: Overview
Boring Machine market expected to grow at a CAGR of more than 6.6% from 2018,
to reach a value of approximately USD 8,388 million by the year 2025. Tunnel boring machine is used to
bore through rocks and excavate tunnels. It can easily pass through hard
surface using circular cross section. These kind of machines are used as an
alternate method to drilling or using explosive for exploration or excavation.
The huge investment in the road and railway infrastructure across the globe is vital factors expected to encourage
the growth of the global Tunnel Boring Machine market in the upcoming period.
In addition, ongoing urbanization and increasing
expenditure on roads and railway infrastructure are other factors estimated to
accelerate the growth of the market in the next few years. Moreover, the booming
of transportation sectors and rising in need connect the cities in order to
expand the global commerce network connectivity will fuel the growth of the
Tunnel Boring Machine market in the forecast period. Further, the upsurging in
applications of tunnel boring machine in construction sectors such as road
tunnel and railway tunnel coupled with utilization of tunnel boring machine for
hydropower, pipeline, and water and sewage will contribute to the growth of the
Tunnel Boring Machine market in upcoming periods.
Additionally, the growing application of tunnel
boring machine for optimizing the transportation costs and connect cities to
boost commerce would promulgate the Tunnel Boring Machine market in the
forecast period. Further, the rising adoption of technological advancement
through automation & rock cutting technology will influence the global
tunnel boring machine in upcoming periods.
Tunnel Boring Machine Market
Product Type analysis
On the basis of product type, the Tunnel Boring
Machine market has been segmented into Soft Ground TBM and Hard Ground TBM. Hard
Ground TBM dominates the global Tunnel Boring Machine market due to the growing
usage of hard ground TBM in railway and road infrastructure for its ability to
excavating large-diameter tunnels in hard rock. Hard ground TBM sub-segmented into open TBM,
gripper TBM, double shield TBM, and single shield TBM. Soft Ground TBM market will drive by growing
its application where the ground is silty & has a high percentage of fines
and in loose water-bearing granular materials. Soft TBM consists of earth
pressure balance TBM and slurry head TBM, where slurry head TBM is more useful when
the water content in the rock is considerably high (soily rock).
Tunnel Boring Machine
Market Application Analysis
On the basis of Application, the global Tunnel
Boring Machine market has been segmented into traffic tunneling and utility
tunneling. By Application, traffic tunneling segment will lead the market due
to the rise in demand for Tunnel Boring Machine into road tunneling and
railway/metro tunneling. Utility tunneling will influence by the augmentation
in demand for of TBM in water and sewage, hydropower, and pipelines. Moreover, rising
utilization of TBM product for management and disposal of waste and other
municipal tasks such as water supply system, treatment of water in order to
provide the safe, clean, and useful environment.
Regional analysis of
Tunnel Boring Machine Market
On the basis of region, the Tunnel Boring Machine
Market has been segmented into North America, Europe, Asia Pacific, Middle East
& Africa, and Latin America. The Asia Pacific dominates the world Tunnel
Boring Machine market over the forecast period due to rising government
expenditure on infrastructure along with the rising number of road and railway
tunnel infrastructure. Furthermore, the governments of China and Japan
investing significantly in tunnels for faster commute between major cities of
which most investment in their mountainous and hilly areas.
Europe will boost by the growing demand for TBM
is high in the hilly terrain in Italy, Spain, and France. Moreover, Modernization of retrofitting and
refurnishing projects in Europe is another factor witnessed in Europe Tunnel
Boring Machine Market.
Objective of the Study:
To analyze and forecast
market size of the global Tunnel Boring Machine Market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, on the basis
of the region by segmenting Tunnel Boring Machine market into five regions,
namely, North America, Europe, Asia Pacific, Middle East, and their leading
To outline, categorized and
forecast the global Tunnel Boring Machine market on the basis of Product Type
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Tunnel Boring Machine Market.
To highlight the impact analysis
of the factors, affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Global Tunnel Boring
Machine Market Competitive Landscape
Companies such as Herrenknecht Ag, The
Robbins Company, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries,
Ltd., Hitachi Zosen Corporation, Jim Technology Corporation, Komatsu, Northern
Heavy Industries Group Co., Ltd., SELI, Shanghai Tunnel Engineering Co., Ltd., Tianye
Tolian Heavy Industry Co., Ltd, CRCHI, and Terratec Ltd. are the key players in
the global Tunnel Boring Machine market.
Key Target Audience:
Market research and consulting firms
Global Tunnel Boring Machine Manufacturing firms
Research organizations and consulting companies
Global Tunnel Boring Machine distributors
Organizations, associations, and alliances
related to Tunnel Boring Machine.
Scope of the Report
By Product Type
Soft Ground TBM
Hard Ground TBM
In addition, the report provides an
analysis of the Tunnel Boring Machine Market with respect to the following
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Rest of Latin America
Rest of Middle-East
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.