Market Research Report
Tunnel Boring Machine Market with COVID-19 Impact Analysis, By Type, By Application Type and By Region - Size, Share, & Forecast from 2021-2027
|Tunnel Boring Machine Market with COVID-19 Impact Analysis, By Type, By Application Type and By Region - Size, Share, & Forecast from 2021-2027|
Published: August 1, 2021
AnalystView Market Insights
Content info: 354 Pages
Delivery time: 2-3 business days
The global Tunnel Boring Machine market was valued at USD 5.63 billion by 2021, growing with 5.8% CAGR during the forecast period, 2021-2027.
Tunnel boring machines minimize excavation disturbance, making them excellent for usage in densely populated areas. They also generate a smooth tunnel wall, which lowers the ultimate lining cost. TBMs greatly reduce the total excavation time of long tunnels when compared to traditional excavation technologies. The Slurry and the Earth Pressure Balance (EPB) for soft ground, the Grippers for hard rock, and the Single Shield TBM for tunneling through rock and other stable, non-groundwater-bearing soils have all been launched in recent decades. A micro tunnel boring machine, a smaller version of a TBM, is widely employed for subterranean infrastructure tunneling because it allows for rapid excavation without disturbing the surface.
TBMs have consistently outperformed traditional methods such as drill and blast and road headers. While there are certain trade-offs, such as a longer lead time and a greater initial expenditure, TBMs in lengthy tunnels have an obvious advantage due to their faster progress rate. In contrast to the non-uniform profiles formed by drill & blast and road-header operations, a TBM provides a smooth, round excavation profile. This flat profile decreases the amount of finished tunnel maintenance as well as the quantity of ground support required during tunnel excavation. A low amount of maintenance is required if the tunnel is segmentally lined. Any sort of ground support that can be built by conventional operations can be installed by tunnel boring machines. TBM operators, however, work on a protected platform, safely away from the excavation face and any potential hazards, unlike traditional operations. TBM tunneling is also performed without the use of explosions, making it a much safer procedure.
One of the major factors driving the tunnel boring machine market is the expansion of road infrastructure. During the projected period, the worldwide tunnel boring machine market is expected to be driven by rising government expenditure on railway projects. The Fehmarnbelt tunnel connecting Denmark and Germany, for example, began construction in Denmark in January 2021. By 2029, the project will be completed. The project would allow for the construction of the world's longest combined road and rail submerged tube tunnel. China Railway Engineering Equipment Group Co., Ltd. launched its tunnel boring equipment in June 2019, which was exported to Italy for a railway project.
Due to rising government infrastructure spending and rapid road and rail network construction in the region,
The Asia Pacific is a vital market for tunnel boring machines. Tunnel construction in India has accelerated in recent years, owing to an increase in the number of projects demanding longer tunnel lengths and in some of the world's most difficult terrain. As a result of rising urbanization and demand for better infrastructure, the scope of tunnel projects is also expanding. While the railway sector was the first to create tunnels, the hydropower sector has developed the most tunnels. With the establishment of projects such as the Jawaharlal Nehru National Urban Renewal Mission, the Pradhan Mantri Krishi Sinchayee Yojana, and the Interlinking of Rivers program for the exploitation of water resources, tunnels for water supply gained a boost. Tunnel construction was limited in the roads and highways sector, with some tunnels being built in steep areas. The decision of crowded communities to construct efficient public mass transportation networks has sparked the development of metro rail tunneling.
The world's longest total tunnel roadways can be found in China, Japan, and South Korea. China and Japan also spend heavily on tunnels to improve commuting times between large cities. Furthermore, Japan's and much of China's geography is mountainous and hilly. As a result, tunnels play a significant role in road and rail building. In the global tunnel boring machine market, Europe comes in second behind the Asia Pacific. Tunnel boring machines are in high demand in hilly areas of Italy, Spain, Switzerland, and France.
Key features of the study:
This proposed research study on Tunnel Boring Machine market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Tunnel Boring Machine market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Tunnel Boring Machine market
Impact of COVID-19 on Tunnel Boring Machine market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Tunnel Boring Machine market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Tunnel Boring Machine market, we have also included competitive landscape and key innovator analysis for the Tunnel Boring Machine market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the Tunnel Boring Machine market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Tunnel Boring Machine market on global as well as regional level.
The global Tunnel Boring Machine market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL TUNNEL BORING MACHINE MARKET KEY PLAYERS
China railway construction heavy industry co. Ltd.
China railway engineering equipment group co., ltd.
Shanghai tunnel engineering co (singapore) pte ltd
Northern heavy industries group co., ltd. (the robbins company, inc.)
Qinhuangdao tianye tolian heavy industry co., ltd.
Creg tbm germany gmbh
Bosh rexroth ag
Dalian huarui heavy industry group co., ltd.
Hitachi zosen corporation
Ishikawajima-harima heavy industries co, ltd
Kawasaki heavy industries, ltd.
Jim technology corporation
The robbins company
GLOBAL TUNNEL BORING MACHINE MARKET, BY TYPE
Soft Ground Tunnel Boring Machines
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
GLOBAL TUNNEL BORING MACHINE MARKET, BY APPLICATION
Oil & Gas
GLOBAL TUNNEL BORING MACHINE MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures