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1001424

Asia-Pacific Tunnel Boring Machine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Geology, and End-User

Published: | The Insight Partners | 147 Pages | Delivery time: 1-2 business days

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Asia-Pacific Tunnel Boring Machine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Geology, and End-User
Published: March 19, 2021
The Insight Partners
Content info: 147 Pages
Delivery time: 1-2 business days
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  • Table of Contents
Description

The tunnel boring machine market in APAC is expected to grow from US$ 2,509.75 million in 2019 to US$ 4,027.81 million by 2027; it is estimated to grow at a CAGR of 6.5% from 2020 to 2027.

Technological developments are of greater use in tunnel construction since they allow easy access to construction in any ground conditions. Innovative monitors and sensors placed in the tunnel boring machines help in the smooth functioning of machines while excavating. Large diameter tunnel projects for transport infrastructures have influenced the research and development in tunnel boring machine design. Advanced machines can cope with mixed rock/ground conditions and change their operational mode depending on ground conditions. Large machines with diameters ranging from 14 to 17 meters have been manufactured and utilized across APAC. Innovative technologies are being developed in various countries to treat the ground ahead of the machine and control the groundwater inflows. Variable density tunnel boring machines are next-gen multimodal machines used for soft soils. Without significant mechanical adaptations, variable density machines merge the basic technologies of enclosed soft ground tunnel boring machines, maintaining control of pressure on the face. These machines are used as a slurry pressure tunnel boring machine using an air bubble system to control face pressure and an earth balance pressure mode. Lately, these machines have been deployed for various major projects since they have the ability to work in different ground conditions. In the coming years, the trend toward the machines with large diameters and the innovations in tunnel boring machine technology will surge, which will focus on developing new and more efficient systems to treat the ground ahead of the tunnel in different geologies. Thus, these factors would open the doors for opportunities in the coming years. Also, rising rail infrastructure enhancement across APAC countries is among the other factors expected to positively influence the demand for tunnel boring machines.

In terms of type, the slurry TBM segment led the APAC tunnel boring machine market in 2019. 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. The 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. 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.

The COVID-19 outbreak pushed lockdowns across APAC countries after March 2019, paralyzing economic activity throughout the region as factories were shut. The region comprises the world's two most populated countries and manufacturing hubs-i.e. India and China. China virtually imposed strict lockdown and social isolation, which stopped manufacturing and producing various machinery for several weeks resulting in shrinking its country economy. Moreover, the country restricted import and export of critical raw materials and equipment for many industries that disrupted the supply chain of numerous end-users. Also, India imposed a nationwide lockdown to control the growing number of COVID-19 cases. Subsequently, the lockdown and disruption of various industrial machines across China and India negatively impacted the growth of the APAC tunnel boring machine market in 2020. APAC is a crucial region for the growth of the construction and infrastructure industry due to various developing countries such as China, India, and Southeast Asian countries. Due to the COVID-19 outbreak, the construction and infrastructure activities have seen a sharp decline, with multiple projects on hold and labor unavailability due to movement restrictions in various countries. The government of various countries is taking drastic measures to reduce the effects of the outbreak by announcing lockdowns, travel, and trade bans, which would hinder the demand for tunnel boring machines in this region till mid-2021.

The overall APAC tunnel boring machine market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the APAC tunnel boring machine market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC tunnel boring machine market. China Railway Construction Heavy Industry Co., Ltd.; Dalian Huarui Heavy Industry Group Co., Ltd.; Herrenknecht AG; Hitachi Zosen corporation; IHI Corporation; Kawasaki Heavy Industries, Ltd.; Komatsu Ltd.; TERRATEC Ltd.; and The Robbins Company are among the players operating in the market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC tunnel boring machine marketHighlights key business priorities in order to assist companies to realign their business strategiesThe key findings and recommendations highlight crucial progressive industry trends in the APAC tunnel boring machine market, thereby allowing players across the value chain to develop effective long-term strategiesDevelop/modify business expansion plans by using substantial growth offering developed and emerging marketsScrutinize in-depth APAC market trends and outlook coupled with the factors driving the tunnel boring machine market, as well as those hindering itEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents
Product Code: TIPRE00020541

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 AAPC Tunnel Boring Machine Market - By Type
    • 1.3.2 APAC Tunnel Boring Machine Market - By Geology
    • 1.3.3 APAC Tunnel Boring Machine Market - By End-User
    • 1.3.4 APAC Tunnel Boring Machine Market- By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. APAC Tunnel Boring Machine Market Landscape

  • 4.1 Market Overview
  • 4.2 APAC PEST Analysis
  • 4.3 Ecosystem Analysis
  • 4.4 Expert Opinion

5. APAC Tunnel Boring Machine Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Infrastructure Projects on a Rise
    • 5.1.2 Microtunneling Becoming More Common
  • 5.2 Market Restraints
    • 5.2.1 Considerable Huge Financial Expenditure
  • 5.3 Market Opportunities
    • 5.3.1 Rising Rail Infrastructure Enhancement Across APAC Countries
  • 5.4 Future Trends
    • 5.4.1 Tunnel Boring Machines with Improved Technology
  • 5.5 Impact Analysis of Drivers and Restraints

6. Tunnel Boring Machine Market - APAC Analysis

  • 6.1 APAC Tunnel Boring Machine Market Overview
  • 6.2 APAC Tunnel Boring Machine Market - Revenue, and Forecast to 2027 (US$ Million)

7. APAC Tunnel Boring Machine Market Analysis - By Type

  • 7.1 Overview
  • 7.2 APAC Tunnel Boring Machine Market Breakdown, by Type, 2019 & 2027
  • 7.3 Slurry TBM
    • 7.3.1 Overview
    • 7.3.2 Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Earth Pressure Balance Shield TBM
    • 7.4.1 Overview
    • 7.4.2 Earth Pressure Balance Shield TBM Market Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Open Gripper TBM
    • 7.5.1 Overview
    • 7.5.2 Open Gripper TBM Market Revenue and Forecast to 2027 (US$ Million)
  • 7.6 Shielded TBM
    • 7.6.1 Overview
    • 7.6.2 Shielded TBM Market Revenue and Forecast to 2027 (US$ Million)
  • 7.7 Multi-Mode TBM
    • 7.7.1 Overview
    • 7.7.2 Multi-Mode TBM Market Revenue and Forecast to 2027 (US$ Million)
  • 7.8 Other Types
    • 7.8.1 Overview
    • 7.8.2 Other Types Market Revenue and Forecast to 2027 (US$ Million)

8. APAC Tunnel Boring Machine Market Analysis - By Geology

  • 8.1 Overview
  • 8.2 APAC Tunnel Boring Machine Market Breakdown, by Geology, 2019 & 2027
  • 8.3 Soft Ground
    • 8.3.1 Overview
    • 8.3.2 Soft Ground Market Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Hard Rock Ground
    • 8.4.1 Overview
    • 8.4.2 Hard Rock Ground Market Revenue and Forecast to 2027 (US$ Million)
  • 8.5 Variable Ground
    • 8.5.1 Overview
    • 8.5.2 Variable Ground Market Revenue and Forecast to 2027 (US$ Million)
  • 8.6 Heterogeneous Ground
    • 8.6.1 Overview
    • 8.6.2 Heterogeneous Ground Market Revenue and Forecast to 2027 (US$ Million)

9. APAC Tunnel Boring Machine Market Analysis - By End-User

  • 9.1 Overview
  • 9.2 APAC Tunnel Boring Machine Market Breakdown, by End-User, 2019 & 2027
  • 9.3 Transportation
    • 9.3.1 Overview
    • 9.3.2 Transportation Market Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Metals & Mining
    • 9.4.1 Overview
    • 9.4.2 Metals & Mining Market Revenue and Forecast to 2027 (US$ Million)
  • 9.5 Oil & Gas
    • 9.5.1 Overview
    • 9.5.2 Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)
  • 9.6 Other End-Users
    • 9.6.1 Overview
    • 9.6.2 Other End-Users Market Revenue and Forecast to 2027 (US$ Million)

10. APAC Tunnel Boring Machine Market - Country Analysis

  • 10.1 Overview
    • 10.1.1 APAC: Tunnel Boring Machine Market, By Country
      • 10.1.1.1 China: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.1.1 China: Tunnel Boring Machine Market, By Type
        • 10.1.1.1.2 China: Tunnel Boring Machine Market, By Geology
        • 10.1.1.1.3 China: Tunnel Boring Machine Market, By End-User
      • 10.1.1.2 India: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.2.1 India: Tunnel Boring Machine Market, By Type
        • 10.1.1.2.2 India: Tunnel Boring Machine Market, By Geology
        • 10.1.1.2.3 India: Tunnel Boring Machine Market, By End-User
      • 10.1.1.3 Japan: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.3.1 Japan: Tunnel Boring Machine Market, By Type
        • 10.1.1.3.2 Japan: Tunnel Boring Machine Market, By Geology
        • 10.1.1.3.3 Japan: Tunnel Boring Machine Market, By End-User
      • 10.1.1.4 South Korea: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.4.1 South Korea: Tunnel Boring Machine Market, By Type
        • 10.1.1.4.2 South Korea: Tunnel Boring Machine Market, By Geology
        • 10.1.1.4.3 South Korea: Tunnel Boring Machine Market, By End-User
      • 10.1.1.5 Australia: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.5.1 Australia: Tunnel Boring Machine Market, By Type
        • 10.1.1.5.2 Australia: Tunnel Boring Machine Market, By Geology
        • 10.1.1.5.3 Australia: Tunnel Boring Machine Market, By End-User
      • 10.1.1.6 Rest of APAC: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
        • 10.1.1.6.1 Rest of APAC: Tunnel Boring Machine Market, By Type
        • 10.1.1.6.2 Rest of APAC: Tunnel Boring Machine Market, By Geology
        • 10.1.1.6.3 Rest of APAC: Tunnel Boring Machine Market, By End-User

11. APAC Tunnel Boring Machine Market-Impact of COVID-19 Pandemic

  • 11.1 APAC

12. Industry Landscape

  • 12.1 Overview

13. Company Profiles

  • 13.1 China Railway Construction Heavy Industry Co., Ltd.
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 Dalian Huarui Heavy Industry Group Co., Ltd.
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 Herrenknecht AG
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 Hitachi Zosen corporation
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 IHI Corporation
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 Kawasaki Heavy Industries, Ltd.
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments
  • 13.7 Komatsu Ltd.
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 The Robbins Company
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments
  • 13.9 TERRATEC Ltd.
    • 13.9.1 Key Facts
    • 13.9.2 Business Description
    • 13.9.3 Products and Services
    • 13.9.4 Financial Overview
    • 13.9.5 SWOT Analysis
    • 13.9.6 Key Developments

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Word Index

List Of Tables

  • Table 1. APAC Tunnel Boring Machine Market - Revenue, and Forecast to 2027 (US$ Million)
  • Table 2. China Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 3. China Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 4. China Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 5. India Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 6. India Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 7. India Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Japan Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 9. Japan Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 10. Japan Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 11. South Korea Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 12. South Korea Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 13. South Korea Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 14. Australia Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 15. Australia Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 16. Australia Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 17. Rest of APAC Tunnel Boring Machine Market, By Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 18. Rest of APAC Tunnel Boring Machine Market, By Geology - Revenue and Forecast to 2027 (US$ Million)
  • Table 19. Rest of APAC Tunnel Boring Machine Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
  • Table 20. List of Abbreviation

List Of Figures

  • Figure 1. APAC Tunnel Boring Machine Market Segmentation
  • Figure 2. APAC Tunnel Boring Machine Market Segmentation - By Country
  • Figure 3. APAC Tunnel Boring Machine Market Overview
  • Figure 4. Slurry TBM Segment Held the Largest Market Share in 2019
  • Figure 5. Soft Ground Segment Held the Largest Market Share in 2019
  • Figure 6. Transportation Segment Held the Largest Market Share in 2019
  • Figure 7. India to Show Great Traction During Forecast Period
  • Figure 8. APAC PEST Analysis
  • Figure 9. APAC Tunnel Boring Machine Market- Ecosystem Analysis
  • Figure 10. Expert Opinion
  • Figure 11. APAC Tunnel Boring Machine Market Impact Analysis of Drivers and Restraints
  • Figure 12. APAC: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 13. APAC Tunnel Boring Machine Market Breakdown, by Type (2019 and 2027)
  • Figure 14. APAC Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. APAC Earth Pressure Balance Shield TBM Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 16. Open Gripper TBM Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 17. APAC Shielded TBM Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 18. APAC Multi-Mode TBM Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 19. APAC Other Types Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 20. APAC Tunnel Boring Machine Market Breakdown, by Geology (2019 and 2027)
  • Figure 21. APAC Soft Ground Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. APAC Hard Rock Ground Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 23. APAC Variable Ground Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 24. APAC Heterogeneous Ground Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 25. APAC Tunnel Boring Machine Market Breakdown, by End-User (2019 and 2027)
  • Figure 26. APAC Transportation Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 27. APAC Metals & Mining Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 28. APAC Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 29. APAC Other End-Users Market Revenue and Forecast To 2027 (US$ Million)
  • Figure 30. APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
  • Figure 31. APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
  • Figure 32. China: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 33. India: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 34. Japan: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 35. South Korea: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 36. Australia: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 37. Rest of APAC: Tunnel Boring Machine Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 38. Impact of COVID-19 Pandemic in APAC Country Markets