Tunnel Boring Machine Market Top Manufacturers Analysis 2022, Industry Size, Advancements, Growth Drivers, Regions and Trends 2030

Tunnel Boring Machine Market Overview

During the projection period of 2022-2030, the Tunnel boring machine market is expected to grow at a 5.6% compound annual growth rate (CAGR). Tunnel boring machines are often referred to as the devices used to excavate tunnels for pipelines, roadways, and trains. Massive, single-purpose machines are another name for them.

The worldwide Tunnel boring machine market is snowballing due to the rising laws and norms implemented by authorities of different developing firms concerning the building of connected rail and road facilities and their associated projects, thereby pushing the tunnel boring machine sector. The rising emphasis on micro-tunnelling in areas where massive tunnels cannot be created is another factor driving the demand for boring tunnel machines.

Drivers

• Lack of Advanced Technology in Many Underdeveloped Countries
• Increasing Focus Towards Micro Tunneling
• Increasing Regulations

Market Segmentation

To better understand the worldwide Tunnel boring machine market, it has been split into four categories: geology type, machine type, end-user, and region.

Slurry tunnel boring machines (Slurry TBMs) were the most popular kind of TBMs in 2019. Ground characteristics such as solid water pressure need slurry tunnel boring machines. Excavating soils with water content is an excellent use for this tool. An interconnected slurry system regulates the tension in the excavating face by introducing the pressurised slurry into the boring cutting compartment of the slurry tunnel equipment. Many of the world’s most significant projects rely heavily on slurry machines.

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When it comes to the epidemic of COVID 19, this scenario has been disastrous for everyone involved. These days, people must cope with both health problems and financial difficulties simultaneously. This worldwide epidemic has thrown the economy into a forced downturn. Emergency shutdown and post-lockdown periods caused several tunnel boring machine production facilities to shut down, resulting in a significant decrease in sales income and reduced profits for these companies.

Regional Classification

The Asia Pacific market is predicted to grow considerably during the projected timeline, according to regional research, due to the rapid increase in tunnel construction practices and the establishment of the solid roadway and railway networks in nations such as China, Japan, India, and South Korea, which would enhance commuting and travel costs between key cities while also reducing environmental impact.

The Europe region has the 2nd most considerable portion of the tunnel boring machine industry due to the existence of the Thames Tideway tunnels and the Lee, as well as the Crossrail project, which includes one of the 8 tunnel boring engines in London, among other factors. These machines are capable of digging up to 50 metres with an exterior diameter of around 7 metres and a weight of over 1000 tonnes in subterranean industries.

Industry News

In June 2020, Herrenknecht AG’s most giant tunnel boring equipment utilised in Europe finished its drive smoothly with no issues. Herrenknecht’s supersize borer is the world’s largest borer ever built.

The China Railway Construction Heavy Industry Co., Ltd. will build the world’s most oversized diameter TBM in 2020. A manufacturing park in central China’s Changsha province. This would transit via Shanghai Port to Mumbai, which will be used for coastal road development.

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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

…Continued.

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