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Tunnel Boring Machine Market by Machine Type, Geology Type, and End-Users: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828939
  • Report
  • Region: Global
  • 400 pages
  • Allied Analytics LLP
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The global tunnel boring machines market size is expected to reach $8,385.6 million by 2025, from $5,189.8 million in 2017, growing at a CAGR of 6.4% from 2018 to 2025. Tunnel boring machines are used for tunnel excavation through a wide range of soil and rocks. It is majorly used for construction of tunnels and excavation in coal mines.
The key factor that drives the growth of the global tunnel boring machines market includes increase in infrastructure development for railway and highway. Moreover, rise in demand for utility tunneling for water supply & disposal, hydropower projects, and pipeline for oil & gas boosts the demand for tunnel boring machines. In addition, tunnel boring machine reduces the operational time for construction of tunnel as compared to other conventional methods, thereby increasing the demand for tunnel boring machines. However, the new Austrian tunneling method (NATM) is still a dominant method for constructing tunnels, which is expected to hinder the market growth. Furthermore, new innovations such as automation and ZigBee-based wireless sensor networks are anticipated to provide lucrative growth opportunities for the growth of the global tunnel boring machines market.
The tunnel boring machine market is segmented based on machine type, geology type, end-users, and region. Based on machine type, the market is categorized into slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and others. Others includes open type, gripper TBM, direct pipe, partial face excavation, etc. By geology type, the market is segmented into soft ground, hard rock ground, heterogenous ground, and variable ground. By end-users, the market is segmented into road transport, railway transport, metro & transit, utilities, mining, oil & gas, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific (APAC), and LAMEA. Asia-Pacific is anticipated to be the largest market for tunnel boring machine during the forecast period.

Key Market Segments

BY MACHINE TYPE
  • Slurry TBM
  • Earth Pressure Balance Shield TBM
  • Shielded TBM
  • Multi-Mode TBM
  • Other Machines (Open Type, Gripper TBM, Direct Pipe, Partial Face Excavation, etc.)
BY GEOLOGY TYPE
  • Soft Ground
  • Hard Rock Ground
  • Heterogenous Ground
  • Variable Ground
BY END-USERS
  • Road Transport
  • Railway Transport
  • Metro & Transit
  • Utilities
  • Mining
  • Oil & Gas
  • Others
BY REGION
  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
o Russia
o Germany
o UK
o Netherlands
o France
o Italy
o Rest of Europe
  • Asia-Pacific
o China
o Hong Kong
o Indonesia
o Japan
o Australia
o India
o Rest of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
  • China Railway Construction Heavy Industry Co. Ltd.
  • China Railway Engineering Equipment Group Co., Ltd.
  • Dalian Huarui Heavy Industry Group Co., Ltd.
  • Herrenknecht AG
  • Hitachi Zosen Corporation
  • IHI Corporation
  • Kawasaki Heavy Industries Ltd
  • Komatsu Ltd.
  • Northern Heavy Industries Group Co., Ltd. (The Robbins Company, Inc.)
  • Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.
Note: Product cover images may vary from those shown
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Chapter 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key Market Players
1.5. Research methodology
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models


Chapter2: Executive summary
2.1. Key Findings:
2.2. CXO perspective


Chapter3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top Winning Strategies, By Year, 2016-2018*
3.2.4. Top Winning Strategies, By Company, 2016-2018*
3.3. Porter's five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increasing Traffic infrastructure projects
3.4.1.2. Rising focus towards micro-tunneling
3.4.2. Restraints
3.4.2.1. High investment cost & lack of flexibility
3.4.3. Opportunities
3.4.3.1. Technological advancement through automation and rock cutting technology
3.4.3.2. Increase in adoption in Mining industry


Chapter4: TUNNEL BORING MACHINE MARKET, BY MACHINE TYPE
4.1. Market overview
4.1.1. Market size and forecast ($Million & Units), by machine type
4.2. Slurry TBM
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast ($Million & Units), by region
4.2.3. Market size and forecast ($Million & Units), by country
4.3. Earth Pressure Balance Shield TBM
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast ($Million & Units), by region
4.3.3. Market size and forecast ($Million & Units), by country
4.4. Shielded TBM
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast ($Million & Units), by region
4.4.3. Market size and forecast ($Million & Units), by country
4.5. Multi-Mode TBM
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast ($Million & Units), by region
4.5.3. Market size and forecast ($Million & Units), by country
4.6. Other Machines
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast ($Million & Units), by region
4.6.3. Market size and forecast ($Million & Units), by country


Chapter5: TUNNEL BORING MACHINE MARKET, BY GEOLOGY TYPE
5.1. Market overview
5.1.1. Market size and forecast ($Million & Units), by Geology Type
5.2. Soft Ground
5.2.1. Key market trends, growth and opportunities
5.2.2. Market size and forecast ($Million & Units), by region
5.2.3. Market size and forecast ($Million & Units), by country
5.3. Hard Rock Ground
5.3.1. Key market trends, growth and opportunities
5.3.2. Market size and forecast ($Million & Units), by region
5.3.3. Market size and forecast ($Million & Units), by country
5.4. Heterogenous Ground
5.4.1. Key market trends, growth and opportunities
5.4.2. Market size and forecast ($Million & Units), by region
5.4.3. Market size and forecast ($Million & Units), by country
5.5. Variable Ground
5.5.1. Key market trends, growth and opportunities
5.5.2. Market size and forecast ($Million & Units), by region
5.5.3. Market size and forecast ($Million & Units), by country


Chapter6: TUNNEL BORING MACHINE MARKET, BY end-users
6.1. Market overview
6.1.1. Market size and forecast ($Million & Units), by End-Users
6.2. Road Transport
6.2.1. Key market trends, growth and opportunities
6.2.2. Market size and forecast ($Million & Units), by region
6.2.3. Market size and forecast ($Million & Units), by country
6.3. Railway Transport
6.3.1. Key market trends, growth and opportunities
6.3.2. Market size and forecast ($Million & Units), by region
6.3.3. Market size and forecast ($Million & Units), by country
6.4. Metro and Transit
6.4.1. Key market trends, growth and opportunities
6.4.2. Market size and forecast ($Million & Units), by region
6.4.3. Market size and forecast ($Million & Units), by country
6.5. Utilities
6.5.1. Key market trends, growth and opportunities
6.5.2. Market size and forecast ($Million & Units), by region
6.5.3. Market size and forecast ($Million & Units), by country
6.6. Mining
6.6.1. Key market trends, growth and opportunities
6.6.2. Market size and forecast ($Million & Units), by region
6.6.3. Market size and forecast ($Million & Units), by country
6.7. Oil and Gas
6.7.1. Key market trends, growth and opportunities
6.7.2. Market size and forecast ($Million & Units), by region
6.7.3. Market size and forecast ($Million & Units), by country
6.8. Other End-Users
6.8.1. Key market trends, growth and opportunities
6.8.2. Market size and forecast ($Million & Units), by region
6.8.3. Market size and forecast ($Million & Units), by country


Chapter7: TUNNEL BORING MACHINE MARKET, BY REGION
7.1. Market overview
7.1.1. Market size and forecast ($Million & Units) by region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast ($Million & Units), by machine type
7.2.3. Market size and forecast ($Million & Units), by Geology Type
7.2.4. Market size and forecast ($Million & Units), by End-Users
7.2.5. Market size and forecast ($Million & Units), by country
7.2.5.1. U.S.
7.2.5.1.1. U.S., Market size and forecast ($Million & Units) by machine type
7.2.5.1.2. U.S., Market size and forecast ($Million & Units), by geology type
7.2.5.1.3. U.S., Market size and forecast ($Million & Units), by end-users
7.2.5.2. Canada
7.2.5.2.1. Canada Market size and forecast ($Million & Units) by machine type
7.2.5.2.2. Canada Market size and forecast ($Million & Units), by geology type
7.2.5.2.3. Canada Market size and forecast ($Million & Units), by end-users
7.2.5.3. Mexico
7.2.5.3.1. Mexico Market size and forecast ($Million & Units) by machine type
7.2.5.3.2. Mexico Market size and forecast ($Million & Units), by geology type
7.2.5.3.3. Mexico Market size and forecast ($Million & Units), by end-users
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast ($Million & Units), by machine type
7.3.3. Market size and forecast ($Million & Units), by Geology Type
7.3.4. Market size and forecast ($Million & Units), by End-Users
7.3.5. Market size and forecast ($Million & Units), by country
7.3.5.1. Russia
7.3.5.1.1. Russia Market size and forecast ($Million & Units) by machine type
7.3.5.1.2. Russia Market size and forecast ($Million & Units), by geology type
7.3.5.1.3. Russia Market size and forecast ($Million & Units), by end-users
7.3.5.2. Germany
7.3.5.2.1. Germany Market size and forecast ($Million & Units) by machine type
7.3.5.2.2. Germany Market size and forecast ($Million & Units), by geology type
7.3.5.2.3. Germany Market size and forecast ($Million & Units), by end-users
7.3.5.3. UK
7.3.5.3.1. UK Market size and forecast ($Million & Units) by machine type
7.3.5.3.2. UK Market size and forecast ($Million & Units), by geology type
7.3.5.3.3. UK Market size and forecast ($Million & Units), by end-users
7.3.5.4. Netherlands
7.3.5.4.1. Netherlands Market size and forecast ($Million & Units) by machine type
7.3.5.4.2. Netherlands Market size and forecast ($Million & Units), by geology type
7.3.5.4.3. Netherlands Market size and forecast ($Million & Units), by end-users
7.3.5.5. France
7.3.5.5.1. France Market size and forecast ($Million & Units) by machine type
7.3.5.5.2. France Market size and forecast ($Million & Units), by geology type
7.3.5.5.3. France Market size and forecast ($Million & Units), by end-users
7.3.5.6. Italy
7.3.5.6.1. Italy Market size and forecast ($Million & Units) by machine type
7.3.5.6.2. Italy Market size and forecast ($Million & Units), by geology type
7.3.5.6.3. Italy Market size and forecast ($Million & Units), by end-users
7.3.5.7. REST OF EUROPE
7.3.5.7.1. Rest of Europe Market size and forecast ($Million & Units) by machine type
7.3.5.7.2. Rest of Europe Market size and forecast ($Million & Units), by geology type
7.3.5.7.3. Rest of Europe Market size and forecast ($Million & Units), by end-users
7.4. Asia Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast ($Million & Units), by machine type
7.4.3. Market size and forecast ($Million & Units), by Geology Type
7.4.4. Market size and forecast ($Million & Units), by End-Users
7.4.5. Market size and forecast ($Million & Units), by country
7.4.5.1. China
7.4.5.1.1. China Market size and forecast ($Million & Units) by machine type
7.4.5.1.2. China Market size and forecast ($Million & Units), by geology type
7.4.5.1.3. China Market size and forecast ($Million & Units), by end-users
7.4.5.2. Hong Kong
7.4.5.2.1. Hong Kong Market size and forecast ($Million & Units) by machine type
7.4.5.2.2. Hong Kong Market size and forecast ($Million & Units), by geology type
7.4.5.2.3. Hong Kong Market size and forecast ($Million & Units), by end-users
7.4.5.3. INDONESIA
7.4.5.3.1. Indonesia Market size and forecast ($Million & Units) by machine type
7.4.5.3.2. Indonesia Market size and forecast ($Million & Units), by geology type
7.4.5.3.3. Indonesia Market size and forecast ($Million & Units), by end-users
7.4.5.4. Japan
7.4.5.4.1. Japan Market size and forecast ($Million & Units) by machine type
7.4.5.4.2. Japan Market size and forecast ($Million & Units), by geology type
7.4.5.4.3. Japan Market size and forecast ($Million & Units), by end-users
7.4.5.5. Australia
7.4.5.5.1. Australia Market size and forecast ($Million & Units) by machine type
7.4.5.5.2. Australia Market size and forecast ($Million & Units), by geology type
7.4.5.5.3. Australia Market size and forecast ($Million & Units), by end-users
7.4.5.6. India
7.4.5.6.1. India Market size and forecast ($Million & Units) by machine type
7.4.5.6.2. India Market size and forecast ($Million & Units), by geology type
7.4.5.6.3. India Market size and forecast ($Million & Units), by end-users
7.4.5.7. REST OF ASIA PACIFIC
7.4.5.7.1. Rest of Asia Pacific Market size and forecast ($Million & Units) by machine type
7.4.5.7.2. Rest of Asia Pacific Market size and forecast ($Million & Units), by geology type
7.4.5.7.3. Rest of Asia Pacific Market size and forecast ($Million & Units), by end-users
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast ($Million & Units), by machine type
7.5.3. Market size and forecast ($Million & Units), by Geology Type
7.5.4. Market size and forecast ($Million & Units), by End-Users
7.5.5. Market size and forecast ($Million & Units), by country
7.5.5.1. Latin America
7.5.5.1.1. U.S., Market size and forecast ($Million & Units) by machine type
7.5.5.1.2. Latin America Market size and forecast ($Million & Units), by geology type
7.5.5.1.3. Latin America Market size and forecast ($Million & Units), by end-users
7.5.5.2. Middle East
7.5.5.2.1. Middle East Market size and forecast ($Million & Units) by machine type
7.5.5.2.2. Middle East Market size and forecast ($Million & Units), by geology type
7.5.5.2.3. Middle East Market size and forecast ($Million & Units), by end-users
7.5.5.3. Africa
7.5.5.3.1. Africa Market size and forecast ($Million & Units) by machine type
7.5.5.3.2. Africa Market size and forecast ($Million & Units), by geology type
7.5.5.3.3. Africa Market size and forecast ($Million & Units), by end-users


Chapter8: Company profile
8.1. China Railway Construction Heavy Industry Co. Ltd.
8.2. China Railway Engineering Equipment Group Co., Ltd.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. Dalian Huarui Heavy Industry Group Co., Ltd.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.4. Herrenknecht AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.5. Hitachi Zosen Corporation
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.6. IHI Corporation
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.7. Kawasaki Heavy Industries Ltd
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. Komatsu Ltd
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.9. Northern Heavy Industries Group Co.,Ltd (The Robbins Company, Inc.)
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments
8.10. Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report titled, 'Tunnel Boring Machine Market by Machine Type, Geology Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the tunnel boring machines market size accounted for $5,189.8 million in 2017, and is expected to reach $8,385.6 million by 2025, growing at a CAGR of 6.4% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 38.0% share of the global market, followed by Europe.

Tunnel boring machine is used to excavate ground for construction of tunnel for traffic infrastructure and utility purpose. It consists of cutterhead, hydraulic bracing system, and conveyor. The cutterhead rotates 360 degrees against the tunnel surface under the pressure, the cutter disc removes the rocks and mud from the surface of the tunnel, and the discharged excavated material is moved outside the tunnel through vast conveyor belt system. In 2016, around $94 billion was the global output for tunnel and underground construction. The tunneling market is anticipated to ascertain the correlation between tunnels and sustainable development in coming years. This thought impacts the TBM industry as the machines are expected to create tunnels which are can create sustainable solution in the concrete jungle ecosystem.

The tunnel boring machine market is primarily driven by rise in government and private investment for infrastructural development and reduced operation time. However, high installment cost and lack of flexibility are expected to restrain the growth of the tunnel boring machine market. On the other hand, technological advancements through automation and rock cutting technology is anticipated to create more opportunities in the coming period especially in geographies which variable and heterogenous ground. Another factor expected to crate opportunities market for players in the tunnel boring industry is increasing adoption of these machines in the mining industry.

The slurry TBM and shielded TBM segments collectively accounted for about 62.3% of the tunnel boring machine market share in 2017 and is expected to grow at a CAGR of 6.3% and 6.4%, respectively, during the forecast period. In terms of application segment, road transport segment is expected to contribute the highest market share in the coming years, owing to the increase in tunneling projects for road infrastructure. This is reflected from the modern tunnels with thoughts towards aesthetic designs, low maintenance and need for refurbishment in road tunnels. Traffic tunneling projects are increasingly placed in more difficult geology conditions and sensitive atmosphere. Moreover, increase in emphasis on utility tunneling sector is expected to provide wide growth opportunities to small players in developing economies. This is anticipated to draw attention from future applications from expansion of existing uses to new embarked concepts.

Additionally, large-bore TBMs are finding key prominence in the North America countries especially in the U.S. Moreover, real time GPS monitoring systems are keeping the TBM drives on target which allows increased evaluation of risk analysis. Moreover, as free surface land is unavailable in terms of accessibility and cost effectiveness, there is an increasing number of utilities tunneling projects witnessed in developed countries. Rising importance of tunnel liners and waterproofing industry is influencing the sales of large ancillary equipments used in shielded TBMs, and piping TBMs.

In 2017, Asia-Pacific registered the highest rate and is expected to continue this growth in the tunnel boring machines market trend during the forecast period, owing to presence of the key manufacturing companies in the region. This is owing to the highest production and consumption of tunnel boring machines witnessed in China. The Chinese players are shifting from domestic market to international market ecosystem with low cost machines as compared to foreign players

Key Findings of theTunnel Boring Machine Market:

In 2017, the slurry TBM segment dominated the global tunnel boring machine market size, in terms of revenue, and is projected to grow at a CAGR of 6.3% during the forecast period.
The soft ground segment is projected to grow at a CAGR of 6.8% during the forecast period.
Asia-Pacific is projected to register the highest growth rate in the years to come.

The major players, such as CRCHI, CREG, Dalian Huarui Heavy Industry Group Co., Ltd, Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Limited, Komatsu Ltd, Northern Heavy Industries Group Co., Ltd, and Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd have focused on developing new products to strengthen their presence in the market. Moreover, these companies expand their business by establishing a partnership to sustain the intense competition.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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