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

KEY INDUSTRY INSIGHTS

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.

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

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.

To gain extensive insights into the market, Request for Customization

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.

Segmentation

ATTRIBUTE	DETAILS
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.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Machinery & Equipment Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]