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Tunnel Boring Machine Market - Global Forecast 2026-2032- Product Image
Tunnel Boring Machine Market - Global Forecast 2026-2032- Product Image
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Tunnel Boring Machine Market - Global Forecast 2026-2032

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  • 181 Pages
  • January 2026
  • Region: Global
  • 360iResearch™
  • ID: 4985925
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The tunnel boring machine market is increasingly central to urban infrastructure development, as city planners and senior stakeholders seek efficient, sustainable solutions to complex construction demands. Broader adoption of tunneling technologies is shaping city resilience, driving operational reliability, and enabling scalable project delivery across diverse urban environments.

Market Snapshot: Tunnel Boring Machine Market Growth and Outlook

The tunnel boring machine market advanced from USD 6.62 billion in 2025 to USD 6.96 billion in 2026, with projections to reach USD 9.57 billion by 2032 at a CAGR of 5.39%. This growth highlights sustained investment in global transportation, utilities, and urban expansion projects. As metropolitan regions address congestion and increase focus on sustainability, tunnel boring machines are positioned as pivotal assets for modernizing underground infrastructure. The market’s trajectory reflects heightened attention to lifecycle resilience and efficiency in complex urban projects, as stakeholders prioritize long-term operational value and adaptability in face of evolving capacity challenges.

Scope & Segmentation of the Tunnel Boring Machine Market

  • Technologies: Product offerings include Double Shield, Earth Pressure Balance for both hard and soft ground, Open TBM, Single Shield, and Slurry Shield (notably Bentonite and Sand Slurry). Each configuration aligns with specific ground conditions and unique project needs, shaping schedule predictability, outcome reliability, and response to urban constraints.
  • Application Areas: Use cases span hydropower projects leveraging deep-bore, large-diameter TBMs, metro projects with complex alignments, roadway and railway tunnels focused on structural safety, and utility tunnels addressing network routing requirements for critical infrastructure.
  • Diameter Categories: Machines are categorized into Below 4 M, 4–6 M, 6–9 M, and Above 9 M, enabling tailored equipment selection, cutterhead compatibility, and streamlined onsite logistics throughout project phases.
  • End Users: Decision-makers include construction contractors aiming for efficient contract delivery, government agencies focused on lifecycle standards and regulatory compliance, and private developers balancing capital certainty with integrated asset management solutions.
  • Geographies: Key regions are the Americas (noted for urban renewal initiatives), Europe, Middle East & Africa (characterized by regulatory transparency and varied funding models), and Asia-Pacific (where urbanization and technological advancement accelerate TBM adoption and integration).

Key Takeaways for Tunnel Boring Machine Market Decision-Makers

  • Widespread adoption of digital platforms and automation now sharpens project visibility and supports execution efficiency throughout tunneling workflows.
  • Early integration of geotechnical analysis, appropriate technology selection, and experienced contractors increases project certainty and helps mitigate delivery risks.
  • Sustainability objectives are influencing the shift to electrified drives, low-carbon construction methods, and recycling practices within project lifecycles.
  • Performance-based and hybrid procurement models are aligning incentives and distributing operational risks between buyers, suppliers, and contractors.
  • Collaborative practices between OEMs, subcontractors, and service providers strengthen supply chain agility and allow rapid response to changing project specifications.
  • Local regulatory standards and regional priorities now significantly impact procurement strategies and dictate supply chain configurations market by market.

Tariff Impact on TBM Supply Chain and US Market Planning

Recent US tariff measures have increased costs for key tunnel boring machine components. This shift is leading project owners and OEMs to localize procurement and renegotiate supplier contracts. Supply strategies now emphasize flexibility, extended contract terms, and risk mitigation methods. Lead times are recalibrated to account for fluctuating costs and logistics, prompting additional investments in local production and analytics to stabilize supply and meet lender expectations.

Methodology & Data Sources

This market report builds on a mix of primary interviews with practitioners, technical reviews, and validation from sector experts. The research process combined hands-on project experience and confirmation by reputable sources, ensuring decision-makers receive actionable and precise market guidance.

Why This Report Matters for Senior Decision Makers

  • Presents segmentation frameworks and practical analysis to support technical specification, sourcing, and risk management for high-priority infrastructure initiatives.
  • Clarifies the impact of shifting global regulations and supply chain trends on project costs, delivery timelines, and successful implementation for diverse project types.
  • Equips leaders with a roadmap for resilience via digitalization, agile procurement, and collaborative partnerships adaptable to dynamic urban market needs.

Conclusion

Aligning technical capabilities, procurement expertise, and operational strategies enables organizations to maximize value in the dynamic tunnel boring machine market. Coordinated partnerships and adaptive approaches will remain central to delivering robust infrastructure and long-term asset performance.

 

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  • Purchase of this report includes 1 year online access with quarterly updates.
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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders
2. Research Methodology
2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations
3. Executive Summary
3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap
4. Market Overview
4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy
5. Market Insights
5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis
6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025
8. Tunnel Boring Machine Market, by Tbm Type
8.1. Double Shield
8.2. Earth Pressure Balance
8.2.1. Hard Ground
8.2.2. Soft Ground
8.3. Open TBM
8.4. Single Shield
8.5. Slurry Shield
8.5.1. Bentonite Slurry
8.5.2. Sand Slurry
9. Tunnel Boring Machine Market, by Diameter Range
9.1. 4-6 M
9.2. 6-9 M
9.3. Above 9 M
9.4. Below 4 M
10. Tunnel Boring Machine Market, by Application
10.1. Hydropower
10.2. Metro
10.3. Railway
10.4. Roadway
10.5. Utility
11. Tunnel Boring Machine Market, by End User
11.1. Construction Companies
11.2. Government Agencies
11.3. Private Developers
12. Tunnel Boring Machine Market, by Region
12.1. Americas
12.1.1. North America
12.1.2. Latin America
12.2. Europe, Middle East & Africa
12.2.1. Europe
12.2.2. Middle East
12.2.3. Africa
12.3. Asia-Pacific
13. Tunnel Boring Machine Market, by Group
13.1. ASEAN
13.2. GCC
13.3. European Union
13.4. BRICS
13.5. G7
13.6. NATO
14. Tunnel Boring Machine Market, by Country
14.1. United States
14.2. Canada
14.3. Mexico
14.4. Brazil
14.5. United Kingdom
14.6. Germany
14.7. France
14.8. Russia
14.9. Italy
14.10. Spain
14.11. China
14.12. India
14.13. Japan
14.14. Australia
14.15. South Korea
15. United States Tunnel Boring Machine Market
16. China Tunnel Boring Machine Market
17. Competitive Landscape
17.1. Market Concentration Analysis, 2025
17.1.1. Concentration Ratio (CR)
17.1.2. Herfindahl Hirschman Index (HHI)
17.2. Recent Developments & Impact Analysis, 2025
17.3. Product Portfolio Analysis, 2025
17.4. Benchmarking Analysis, 2025
17.5. China Railway Construction Heavy Industry Co., Ltd.
17.6. China Railway Engineering Equipment Group Co., Ltd.
17.7. Herrenknecht AG
17.8. Hitachi Zosen Corporation
17.9. Komatsu Ltd.
17.10. Lovat S.p.A.
17.11. Mitsubishi Heavy Industries, Ltd.
17.12. Sandvik AB
17.13. SELI Overseas S.p.A.
17.14. TERRATEC Pty Ltd
17.15. The Robbins Company
List of Figures
FIGURE 1. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL TUNNEL BORING MACHINE MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL TUNNEL BORING MACHINE MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 12. CHINA TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
List of Tables
TABLE 1. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY DOUBLE SHIELD, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY DOUBLE SHIELD, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY DOUBLE SHIELD, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HARD GROUND, BY REGION, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HARD GROUND, BY GROUP, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HARD GROUND, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SOFT GROUND, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SOFT GROUND, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SOFT GROUND, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY OPEN TBM, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY OPEN TBM, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY OPEN TBM, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SINGLE SHIELD, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SINGLE SHIELD, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SINGLE SHIELD, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BENTONITE SLURRY, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BENTONITE SLURRY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BENTONITE SLURRY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SAND SLURRY, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SAND SLURRY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY SAND SLURRY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 4-6 M, BY REGION, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 4-6 M, BY GROUP, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 4-6 M, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 6-9 M, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 6-9 M, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY 6-9 M, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ABOVE 9 M, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ABOVE 9 M, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ABOVE 9 M, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BELOW 4 M, BY REGION, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BELOW 4 M, BY GROUP, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY BELOW 4 M, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HYDROPOWER, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HYDROPOWER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY HYDROPOWER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY METRO, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY METRO, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY METRO, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY RAILWAY, BY REGION, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY RAILWAY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY RAILWAY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ROADWAY, BY REGION, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ROADWAY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY ROADWAY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY UTILITY, BY REGION, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY UTILITY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY UTILITY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY CONSTRUCTION COMPANIES, BY REGION, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY CONSTRUCTION COMPANIES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY CONSTRUCTION COMPANIES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY GOVERNMENT AGENCIES, BY REGION, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY GOVERNMENT AGENCIES, BY GROUP, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY GOVERNMENT AGENCIES, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY PRIVATE DEVELOPERS, BY REGION, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY PRIVATE DEVELOPERS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY PRIVATE DEVELOPERS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 72. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 73. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 74. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 75. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 76. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 77. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 78. AMERICAS TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 79. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 80. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 81. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 82. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 83. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 84. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 85. NORTH AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 86. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 87. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 88. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 89. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 90. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 91. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 92. LATIN AMERICA TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 93. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 94. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 95. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 96. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 97. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 98. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 99. EUROPE, MIDDLE EAST & AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 100. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 101. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 102. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 103. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 104. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 105. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 106. EUROPE TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 107. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 108. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 109. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 110. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 111. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 112. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 113. MIDDLE EAST TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 114. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 115. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 116. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 117. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 118. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 119. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 120. AFRICA TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 121. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 122. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 123. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 124. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 125. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 126. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 127. ASIA-PACIFIC TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 128. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 129. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 130. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 131. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 132. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 133. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 134. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 135. ASEAN TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 136. GCC TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 137. GCC TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 138. GCC TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 139. GCC TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 140. GCC TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 141. GCC TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 142. GCC TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 143. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 144. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 145. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 146. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 147. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 148. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 149. EUROPEAN UNION TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 150. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 151. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 152. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 153. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 154. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 155. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 156. BRICS TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 157. G7 TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 158. G7 TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 159. G7 TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 160. G7 TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 161. G7 TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 162. G7 TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 163. G7 TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 164. NATO TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 165. NATO TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 166. NATO TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 167. NATO TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 168. NATO TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 169. NATO TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 170. NATO TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 171. GLOBAL TUNNEL BORING MACHINE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 172. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 173. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 174. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 175. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 176. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 177. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 178. UNITED STATES TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 179. CHINA TUNNEL BORING MACHINE MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 180. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY TBM TYPE, 2018-2032 (USD MILLION)
TABLE 181. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY EARTH PRESSURE BALANCE, 2018-2032 (USD MILLION)
TABLE 182. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY SLURRY SHIELD, 2018-2032 (USD MILLION)
TABLE 183. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY DIAMETER RANGE, 2018-2032 (USD MILLION)
TABLE 184. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 185. CHINA TUNNEL BORING MACHINE MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Tunnel Boring Machine market report include:
  • China Railway Construction Heavy Industry Co., Ltd.
  • China Railway Engineering Equipment Group Co., Ltd.
  • Herrenknecht AG
  • Hitachi Zosen Corporation
  • Komatsu Ltd.
  • Lovat S.p.A.
  • Mitsubishi Heavy Industries, Ltd.
  • Sandvik AB
  • SELI Overseas S.p.A.
  • TERRATEC Pty Ltd
  • The Robbins Company

Table Information

Report AttributeDetails
No. of Pages181
PublishedJanuary 2026
Forecast Period2026 - 2032
Estimated Market Value ( USD ) in 2026 $ 6.96 Billion
Forecasted Market Value ( USD ) by 2032 $ 9.57 Billion
Compound Annual Growth Rate5.3%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Tunnel Boring Machine Market

The Tunnel Boring Machine (TBM) is a specialized piece of mining equipment used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They can bore through hard rock, sand, and almost anything in between. TBMs are used in the mining industry to create underground access for personnel and equipment, as well as to create underground storage and transportation systems. TBMs are also used to create underground utility tunnels, such as for water mains, sewer lines, and electrical cables. TBMs are typically powered by electric motors, although some models are powered by diesel engines. They are equipped with a variety of cutting tools, such as disc cutters, roller cutters, and augers, to excavate the tunnel. TBMs are also equipped with a variety of sensors and monitoring systems to ensure the safety of personnel and equipment. The Tunnel Boring Machine market is highly competitive, with a number of manufacturers offering a wide range of products. Some of the major players in the market include Herrenknecht AG, The Robbins Company, Wirth GmbH, and CRCHI. Show Less Read more

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