Global Tunnel Boring Machine Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Tunnel Boring Machine Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, The machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
According to APO Research, The global Tunnel Boring Machine market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.
North American market for Tunnel Boring Machine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Tunnel Boring Machine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Tunnel Boring Machine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global manufacturers of Tunnel Boring Machine include Herrenknecht, CRGIC, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, Komatsu, NHI Group, Kawasaki and Terratec, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Tunnel Boring Machine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tunnel Boring Machine.
The Tunnel Boring Machine market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tunnel Boring Machine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Herrenknecht
CRGIC
CRCHI
Tianhe Mechanical Equipment
Liaoning Censcience Industry Co., Ltd
Komatsu
NHI Group
Kawasaki
Terratec
Hitachi Zosen
Shanghai Tunnel Engineering Co., Ltd
Xugong Kaigong
JIMT
Tunnel Boring Machine segment by Type

Soft Ground TBMs
Hard Rock TBMs
Tunnel Boring Machine segment by Application

Railway and Highway
Municipal Engineering
City ​​Rail System
Others
Tunnel Boring Machine Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Tunnel Boring Machine market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Tunnel Boring Machine and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Tunnel Boring Machine.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Tunnel Boring Machine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Tunnel Boring Machine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Tunnel Boring Machine Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Tunnel Boring Machine Sales Estimates and Forecasts (2019-2030)
1.3 Tunnel Boring Machine Market by Type
1.3.1 Soft Ground TBMs
1.3.2 Hard Rock TBMs
1.4 Global Tunnel Boring Machine Market Size by Type
1.4.1 Global Tunnel Boring Machine Market Size Overview by Type (2019-2030)
1.4.2 Global Tunnel Boring Machine Historic Market Size Review by Type (2019-2024)
1.4.3 Global Tunnel Boring Machine Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Tunnel Boring Machine Sales Breakdown by Type (2019-2024)
1.5.2 Europe Tunnel Boring Machine Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Tunnel Boring Machine Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Tunnel Boring Machine Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Tunnel Boring Machine Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Tunnel Boring Machine Industry Trends
2.2 Tunnel Boring Machine Industry Drivers
2.3 Tunnel Boring Machine Industry Opportunities and Challenges
2.4 Tunnel Boring Machine Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Tunnel Boring Machine Revenue (2019-2024)
3.2 Global Top Players by Tunnel Boring Machine Sales (2019-2024)
3.3 Global Top Players by Tunnel Boring Machine Price (2019-2024)
3.4 Global Tunnel Boring Machine Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Tunnel Boring Machine Key Company Manufacturing Sites & Headquarters
3.6 Global Tunnel Boring Machine Company, Product Type & Application
3.7 Global Tunnel Boring Machine Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Tunnel Boring Machine Market CR5 and HHI
3.8.2 Global Top 5 and 10 Tunnel Boring Machine Players Market Share by Revenue in 2023
3.8.3 2023 Tunnel Boring Machine Tier 1, Tier 2, and Tier 3
4 Tunnel Boring Machine Regional Status and Outlook
4.1 Global Tunnel Boring Machine Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Tunnel Boring Machine Historic Market Size by Region
4.2.1 Global Tunnel Boring Machine Sales in Volume by Region (2019-2024)
4.2.2 Global Tunnel Boring Machine Sales in Value by Region (2019-2024)
4.2.3 Global Tunnel Boring Machine Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Tunnel Boring Machine Forecasted Market Size by Region
4.3.1 Global Tunnel Boring Machine Sales in Volume by Region (2025-2030)
4.3.2 Global Tunnel Boring Machine Sales in Value by Region (2025-2030)
4.3.3 Global Tunnel Boring Machine Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Tunnel Boring Machine by Application
5.1 Tunnel Boring Machine Market by Application
5.1.1 Railway and Highway
5.1.2 Municipal Engineering
5.1.3 City ​​Rail System
5.1.4 Others
5.2 Global Tunnel Boring Machine Market Size by Application
5.2.1 Global Tunnel Boring Machine Market Size Overview by Application (2019-2030)
5.2.2 Global Tunnel Boring Machine Historic Market Size Review by Application (2019-2024)
5.2.3 Global Tunnel Boring Machine Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Tunnel Boring Machine Sales Breakdown by Application (2019-2024)
5.3.2 Europe Tunnel Boring Machine Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Tunnel Boring Machine Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Tunnel Boring Machine Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Tunnel Boring Machine Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Herrenknecht
6.1.1 Herrenknecht Comapny Information
6.1.2 Herrenknecht Business Overview
6.1.3 Herrenknecht Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Herrenknecht Tunnel Boring Machine Product Portfolio
6.1.5 Herrenknecht Recent Developments
6.2 CRGIC
6.2.1 CRGIC Comapny Information
6.2.2 CRGIC Business Overview
6.2.3 CRGIC Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.2.4 CRGIC Tunnel Boring Machine Product Portfolio
6.2.5 CRGIC Recent Developments
6.3 CRCHI
6.3.1 CRCHI Comapny Information
6.3.2 CRCHI Business Overview
6.3.3 CRCHI Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.3.4 CRCHI Tunnel Boring Machine Product Portfolio
6.3.5 CRCHI Recent Developments
6.4 Tianhe Mechanical Equipment
6.4.1 Tianhe Mechanical Equipment Comapny Information
6.4.2 Tianhe Mechanical Equipment Business Overview
6.4.3 Tianhe Mechanical Equipment Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Tianhe Mechanical Equipment Tunnel Boring Machine Product Portfolio
6.4.5 Tianhe Mechanical Equipment Recent Developments
6.5 Liaoning Censcience Industry Co., Ltd
6.5.1 Liaoning Censcience Industry Co., Ltd Comapny Information
6.5.2 Liaoning Censcience Industry Co., Ltd Business Overview
6.5.3 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine Product Portfolio
6.5.5 Liaoning Censcience Industry Co., Ltd Recent Developments
6.6 Komatsu
6.6.1 Komatsu Comapny Information
6.6.2 Komatsu Business Overview
6.6.3 Komatsu Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Komatsu Tunnel Boring Machine Product Portfolio
6.6.5 Komatsu Recent Developments
6.7 NHI Group
6.7.1 NHI Group Comapny Information
6.7.2 NHI Group Business Overview
6.7.3 NHI Group Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.7.4 NHI Group Tunnel Boring Machine Product Portfolio
6.7.5 NHI Group Recent Developments
6.8 Kawasaki
6.8.1 Kawasaki Comapny Information
6.8.2 Kawasaki Business Overview
6.8.3 Kawasaki Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Kawasaki Tunnel Boring Machine Product Portfolio
6.8.5 Kawasaki Recent Developments
6.9 Terratec
6.9.1 Terratec Comapny Information
6.9.2 Terratec Business Overview
6.9.3 Terratec Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Terratec Tunnel Boring Machine Product Portfolio
6.9.5 Terratec Recent Developments
6.10 Hitachi Zosen
6.10.1 Hitachi Zosen Comapny Information
6.10.2 Hitachi Zosen Business Overview
6.10.3 Hitachi Zosen Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Hitachi Zosen Tunnel Boring Machine Product Portfolio
6.10.5 Hitachi Zosen Recent Developments
6.11 Shanghai Tunnel Engineering Co., Ltd
6.11.1 Shanghai Tunnel Engineering Co., Ltd Comapny Information
6.11.2 Shanghai Tunnel Engineering Co., Ltd Business Overview
6.11.3 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine Product Portfolio
6.11.5 Shanghai Tunnel Engineering Co., Ltd Recent Developments
6.12 Xugong Kaigong
6.12.1 Xugong Kaigong Comapny Information
6.12.2 Xugong Kaigong Business Overview
6.12.3 Xugong Kaigong Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Xugong Kaigong Tunnel Boring Machine Product Portfolio
6.12.5 Xugong Kaigong Recent Developments
6.13 JIMT
6.13.1 JIMT Comapny Information
6.13.2 JIMT Business Overview
6.13.3 JIMT Tunnel Boring Machine Sales, Revenue and Gross Margin (2019-2024)
6.13.4 JIMT Tunnel Boring Machine Product Portfolio
6.13.5 JIMT Recent Developments
7 North America by Country
7.1 North America Tunnel Boring Machine Sales by Country
7.1.1 North America Tunnel Boring Machine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Tunnel Boring Machine Sales by Country (2019-2024)
7.1.3 North America Tunnel Boring Machine Sales Forecast by Country (2025-2030)
7.2 North America Tunnel Boring Machine Market Size by Country
7.2.1 North America Tunnel Boring Machine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Tunnel Boring Machine Market Size by Country (2019-2024)
7.2.3 North America Tunnel Boring Machine Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Tunnel Boring Machine Sales by Country
8.1.1 Europe Tunnel Boring Machine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Tunnel Boring Machine Sales by Country (2019-2024)
8.1.3 Europe Tunnel Boring Machine Sales Forecast by Country (2025-2030)
8.2 Europe Tunnel Boring Machine Market Size by Country
8.2.1 Europe Tunnel Boring Machine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Tunnel Boring Machine Market Size by Country (2019-2024)
8.2.3 Europe Tunnel Boring Machine Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Tunnel Boring Machine Sales by Country
9.1.1 Asia-Pacific Tunnel Boring Machine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Tunnel Boring Machine Sales by Country (2019-2024)
9.1.3 Asia-Pacific Tunnel Boring Machine Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Tunnel Boring Machine Market Size by Country
9.2.1 Asia-Pacific Tunnel Boring Machine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Tunnel Boring Machine Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Tunnel Boring Machine Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Tunnel Boring Machine Sales by Country
10.1.1 Latin America Tunnel Boring Machine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Tunnel Boring Machine Sales by Country (2019-2024)
10.1.3 Latin America Tunnel Boring Machine Sales Forecast by Country (2025-2030)
10.2 Latin America Tunnel Boring Machine Market Size by Country
10.2.1 Latin America Tunnel Boring Machine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Tunnel Boring Machine Market Size by Country (2019-2024)
10.2.3 Latin America Tunnel Boring Machine Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Tunnel Boring Machine Sales by Country
11.1.1 Middle East and Africa Tunnel Boring Machine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Tunnel Boring Machine Sales by Country (2019-2024)
11.1.3 Middle East and Africa Tunnel Boring Machine Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Tunnel Boring Machine Market Size by Country
11.2.1 Middle East and Africa Tunnel Boring Machine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Tunnel Boring Machine Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Tunnel Boring Machine Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Tunnel Boring Machine Value Chain Analysis
12.1.1 Tunnel Boring Machine Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Tunnel Boring Machine Production Mode & Process
12.2 Tunnel Boring Machine Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Tunnel Boring Machine Distributors
12.2.3 Tunnel Boring Machine Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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