Global Tunnel Boring Machine Market Research Report – Forecast till 2025

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Global Market for Tunnel Boring Machines is anticipated to exhibit a 5.6% CAGR during the review period.

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Market Overview

Global Tunnel Boring Machine market is anticipated to exhibit a 5.6% CAGR during the review period. The equipment used for excavating tunnels for railways, roads, and pipelines is known as tunnel boring machines. These are very heavy, lengthy, and large machines having circular cross-sections and help to dig circular holes irrespective of rocks and soil. Tunnel boring machines are complex equipment of different systems working in combination with each other. The diameter of these machines ranges from 3 feet to 65 feet intended to provide a smooth cut and finishing tough rocks for constructing concrete shields around the bored tunnels.
Global Tunnel Boring Machine Market is expected to witness a healthy market growth owing to the existence of a higher number of market players worldwide. The growth of market competitors relies on market conditions, government support, and industry development. Additionally, the manufacturers/service providers operating worldwide are adopting strategies such as mergers & acquisitions, product development, partnerships, joint ventures, and expansion to improve their position in the market, both regionally and globally.

Tunnel Boring Machine Market Segmentation

Global Tunnel Boring Machine Market has been classified into Machine Type, Geology Type, End Users, and Region.
In terms of Machine Type, the global market has been divided into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and other machines. The slurry TBM segment valued for the largest market share of 32.7%, with a market value of USD 1,713.54 million in2018. It is likely to register a 6.0% CAGR during the review period.
By geology segment, the global market has been categorized into soft ground, hard rock ground, heterogeneous ground, and variable ground. The soft ground segment evaluated for a considerable market contribution of 38.3%, with a market value of USD 2,003.98 million in 2018. It is estimated to exhibit a significant CAGR of 4.9% over the assessment period.
depending on the end-users’ segment, the global market has been segregated into road transport, railway transport, utilities, metro and transit, mining, oil and gas, and others. In 2018, the road transport segment was valued at USD 1,667.22 million and it is expected to register a 5.9% CAGR during the assessment period.

Tunnel Boring Machine Market Regional Analysis

The region-specific analysis of the global tunnel boring machine market has been categorized into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia-Pacific is expected to register the largest tunnel boring machine market with significant CAGR during the research period. India and China are expected to contribute to the largest regional market owing to the expanded tunnel projects across the countries. Furthermore, the increasing government expenditure on infrastructure and rapidly increasing rail and road network expansions in countries in Asia are anticipated to fuel the regional market.
The tunnel machines market in Europe is expected to register the second largest share owing to increasing digging activities in Europe.

Tunnel Boring Machine Market Major Players

Some of the major competitors in global boring machine market are China Railway Group Limited (CRGL), IHI Corporation, Kawasaki Heavy Industries Ltd, Hitachi Zosen Corporation, Bosch Rexroth AG.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

https://www.cri-report.com/product/global-deep-hole-drilling-comprehensive-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/

 

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 TOP-DOWN AND BOTTOM-UP APPROACH

3.6 FORECAST MODEL

3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS
4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 GROWING INVESTMENTS FOR URBAN TRANSPORTATION

4.2.2 GROWING ADOPTION OF TUNNEL BORING MACHINES IN MINING AND CONSTRUCTION INDUSTRY

4.2.3 DRIVERS IMPACT ANALYSIS

4.3 RESTRAINTS

4.3.1 LACK OF SKILLED LABOR

4.3.2 SLOW GROWTH OF CONSTRUCTION INDUSTRY

4.3.3 RESTRAINTS IMPACT ANALYSIS

4.4 OPPORTUNITY

4.4.1 SCOPE FOR GROWTH IN EMERGING ECONOMIES

4.5 PORTER’S FIVE FORCES MODEL

4.5.1 THREAT OF NEW ENTRANTS

4.5.2 BARGAINING POWER OF SUPPLIERS

4.5.3 BARGAINING POWER OF BUYERS

4.5.4 THREAT OF SUBSTITUTES

4.5.5 RIVALRY

4.6 SUPPLY CHAIN ANALYSIS

4.6.1 RAW MATERIAL AND COMPONENT SUPPLY

4.6.2 TUNNEL BORING MACHINES MANUFACTURE/ASSEMBLY

4.6.3 END USE

4.6.4 AFTERSALES SERVICES

5 GLOBAL TUNNEL BORING MACHINE MARKET, BY MACHINE TYPE
5.1 SLURRY TBM

5.2 EARTH PRESSURE BALANCE SHIELD TBM

5.3 SHIELDED TBM

5.4 MULTI-MODE TBM

5.5 OTHER MACHINES

6 GLOBAL TUNNEL BORING MACHINE MARKET, BY GEOLOGY TYPE
6.1 SOFT GROUND

6.2 HARD ROCK GROUND

6.3 HETEROGENEOUS GROUND

6.4 VARIABLE GROUND

7 GLOBAL TUNNEL BORING MACHINE MARKET, BY END USERS
7.1 ROAD TRANSPORT

7.2 RAILWAY TRANSPORT

7.3 METRO ANDTRANSIT

7.4 UTILITIES

7.5 MINING

7.6 OIL AND GAS

7.7 OTHERS

8 GLOBAL TUNNEL BORING MACHINE MARKET, BY REGION
8.1 OVERVIEW

8.2 NORTH AMERICA

8.2.1 US

8.2.2 CANADA

8.2.3 MEXICO

8.3 EUROPE

8.3.1 GERMANY

8.3.2 UK

8.3.3 FRANCE

8.3.4 SPAIN

8.3.5 REST OF EUROPE

8.4 ASIA-PACIFIC

8.4.1 CHINA

8.4.2 JAPAN

8.4.3 INDIA

8.4.4 SOUTHEAST ASIA

8.4.5 REST OF ASIA-PACIFIC

8.5 SOUTH AMERICA

8.5.1 BRAZIL

8.5.2 ARGENTINA

8.5.3 REST OF SOUTH AMERICA

8.6 MIDDLE EAST & AFRICA

8.6.1 UAE

8.6.2 SAUDI ARABIA

8.6.3 SOUTH AFRICA

8.6.4 REST OF MIDDLE EAST & AFRICA

9 GLOBAL TUNNEL BORING MACHINE MARKET CONSUMPTION OUTLOOK, BY SALES CHANNEL
9.1 GLOBAL TUNNEL BORING MACHINE MARKET ANALYSIS, BY SALES CHANNEL

10 INDUSTRY INSIGHTS
10.1 LIST OF MAJOR PROJECTS

10.2 REGULATORY FRAMEWORK

10.2.1 CONSTRUCTION OPERATIONS COVERED BY THE OSHA STANDARD

10.2.2 LEGISLATION

11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW

11.2 GLOBAL TUNNELBORING MACHINE MARKET SHARE, 2018

11.3 COMPETITIVE BENCHMARKING

11.4 KEY DEVELOPMENTS AND GROWTH STRATEGIES

11.4.1 PRODUCT LAUNCH

11.4.2 EXPANSIONS

11.4.3 AGREEMENTS AND COLLABORATIONS

12 COMPANY PROFILE
12.1 CHINA RAILWAY GROUP LIMITED

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.1.4 KEY DEVELOPMENTS

12.1.5 SWOT ANALYSIS

12.1.6 KEY STRATEGIES

12.2 DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 HERRENKNECHT AG

12.3.1 COMPANY OVERVIEW

12.3.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.3.3 KEY DEVELOPMENTS

12.3.4 KEY STRATEGIES

12.4 KOMATSU LTD

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 NORTHERN HEAVY INDUSTRIES GROUP CO., LTD (THE ROBBINS COMPANY)

12.5.1 COMPANY OVERVIEW

12.5.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.5.3 KEY DEVELOPMENTS

12.5.4 KEY STRATEGIES

12.6 BOSCH REXROTH AG

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.6.4 KEY DEVELOPMENTS

12.6.5 SWOT ANALYSIS

12.6.6 KEY STRATEGIES

12.7 HITACHI ZOSEN CORPORATION

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.7.4 KEY DEVELOPMENTS

12.7.5 SWOT ANALYSIS

12.7.6 KEY STRATEGIES

12.8 IHI CORP.

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.8.4 KEY DEVELOPMENTS

12.8.5 SWOT ANALYSIS

12.8.6 KEY STRATEGIES

12.9 KAWASAKI HEAVY INDUSTRIES LTD

12.9.1 COMPANY OVERVIEW

12.9.2 FINANCIAL OVERVIEW

12.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.9.4 KEY DEVELOPMENTS

12.9.5 SWOT ANALYSIS

12.9.6 KEY STRATEGIES

13 APPENDIX
13.1 REFERENCES

13.2 RELATED REPORTS