Global Tunnel Boring Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tunnel Boring Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A tunnel boring machine (TBM), also known as a mole , is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They can be designed to bore through hard rock, wet or dry soil, or sand. Tunnel boring machines (TBM) are widely used in city rail system, railways and highways.

Market Overview:

The latest research study on the global Tunnel Boring Machine market finds that the global Tunnel Boring Machine market reached a value of USD 3805.23 million in 2022. It’s expected that the market will achieve USD 4726.97 million by 2028, exhibiting a CAGR of 3.68% during the forecast period.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

CREC is one of the major players operating in the Tunnel Boring Machine market, holding a share of 18.98% in 2022.

China Railway Engineering Corporation (CREC) operates as a holding company. The Company, through its subsidiaries, provides services including surveying, construction, design solutions, installation, manufacturing, R&D, technical consulting, capital management, international trade, property management, and railway development.

Herrenknecht provides tunnel construction equipment. The Company offers hard rock and tunnel boring machines, cutter tools, control containers, and navigation systems.

Segmentation Overview:

Among different product types, Earth Pressure Balance Shield TBM segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Utilities segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tunnel Boring Machine market covered in Chapter 3:

Ishikawajima-Harima
Tianye Tolian
Tianhe
Herrenknecht
NHI
Komatsu
STEC
SELI
Terratec
Robbins
Wirth (Aker Solutions)
Mitsubishi
CREC
Kawasaki
CRCHI
Hitachi Zosen
Xugong Kaigong

In Chapter 4 and Chapter 14.2, on the basis of types, the Tunnel Boring Machine market from 2018 to 2029 is primarily split into:

Earth Pressure Balance Machines
Slurry Shield (SS)
Shielded Type TBMs
Open Type TBMs
Mixshield

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tunnel Boring Machine market from 2018 to 2029 covers:

Railway and Highway
Municipal Engineering
City Rail System
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)