Tunnel Boring Machine Market Size, Trends, Opportunities, Innovations & Forecast till 2024


According to the latest market research report, published by KD Market Insightscovers a detailed analysis of, “Tunnel Boring Machine Market” The study comprises of major industry trends and insights that play an important role in the market growth. Also, the report covers forecast revenue growth at global, regional and country levels, providing a detailed analysis of the industry.
The Tunnel Boring Machine Market is expected to experience a positive response in the upcoming years. In terms of value, the market is poised to mask a CAGR of 6.9%during the projected period. Further, the market was deliberate at USD 5.189 million in 2017 and is anticipated to reach notable valuation by the end of the projected period. The first tunnel boring machine was invented in 1863, by Frederick Edward Blackett Beaumont. A tunnel boring machine (TBM) is a tunneling machine used to excavate tunnels and in building micro-tunneling (drilling and blasting). These tunnel boring machines find their applications into areas such as tunnels for roads construction, railways, water treatment systems, and pipelines. They can bore through anything from hard rock to sand and these tunnel diameters can range from one meter (3.3 ft to 58 ft). A tunnel boring machine (TBM), also known as a "mole" machine.


Growth Drivers and Restraints
The market of tunnel boring machine is expected to thrive on the back of rising construction activities among construction industries. The increasing technological advancements in tunnel boring machines for drilling and blasting are anticipated to increase the demand for tunnel boring machines across the globe. Besides this, the government initiatives and programs in developing and developed countries to enhance construction projects are augmenting the growth of the tunnel boring machine market. Since the governments are spending huge capital for the enhancement of transportation infrastructure on passageways tunnels, the demand for tunnel boring machines is rising remarkably across all regions. Moreover, the governments are spending on constructions such as, recently Indian government launched a 10.89 km tunnel in Jammu Kashmir and secondly China is constructing a 12 km long high-speed train tunnel bellow great wall for delivering an improved construction work. These are the key drivers for the growth of the tunnel boring machine market.
Additionally, the rising adoption of tunnel boring machine in coal mining industries is escalating the growth of the tunnel boring machine market. Further, the rising constructional activities for various tunnel work such as, rail tunnel, road tunnel, underground passageways tunnels, and others are the major factors that are positively influencing the growth of tunnel boring machine market. Besides this, the increase in the need for water management systems in urban areas by using micro-tunneling leads the demand for tunnel boring machines. In terms of region, Asia Pacific acquired lion shares in the market and the china and Japan are the strongest countries for the tunnel boring machine in this region as China and Japan have the longest total tunnel roads in the world.
Moreover, due to the increasing government expenditure on construction activities on tunnels projects such as road tunnels, railway, mining, and other tunnels expansion in the region is allowing the countries to dominate the tunnel boring machine market in the Asia Pacific region. However, the high cost and high maintenance cost of the tunnel boring machine is likely to hinder the growth of tunnel boring machine market.
Segmentation
The research offers a comprehensive analysis of tunnel boring machine market with respect to following sub-markets:
By Applications
- Transportation
- Mining
- Public Utility
By End-User
- Railways & Metro
- Utilities
- Mining
- Oil & Gas
- Governments
- Others
By Products Type
- Soft Ground TBM
- Hard Rock TBM
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. The study also provides company’s positioning and market share in Tunnel Boring Machine market.

Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Products & Issues in Global Tunnel Boring Machine Market
3. Global Tunnel Boring Machine Market Trends
4. Opportunities in Global Tunnel Boring Machine Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Tunnel Boring Machine Market Value (USD Million), 2017-2023
10. Global Tunnel Boring Machine Market Segmentation Analysis, By Applications
10.1. Introduction
10.2. Market Attractiveness, By Applications
10.3. BPS Analysis, By Applications
10.4. Transportation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Public Utility Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Tunnel Boring Machine Market Segmentation Analysis, By End-User
11.1. Introduction
11.2. Market Attractiveness, By End-User
11.3. BPS Analysis, By End-User
11.4. Railways & Metro Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Utilities Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Mining Entertainment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.7. Oil & Gas Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.8. Governments Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Global Tunnel Boring Machine Market Segmentation Analysis, By Product Type
12.1. Introduction
12.2. Market Attractiveness, By Product Type0
12.3. BPS Analysis, By Product Type
12.4. Soft Ground TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.5. Hard Rock TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13. Geographical Analysis
13.1. Introduction
13.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1. By Applications
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Applications
13.2.1.3. BPS Analysis, By Applications
13.2.1.4. Transportation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.5. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.6. Public Utility Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2. By End-User
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By End-User
13.2.2.3. BPS Analysis, By End-User
13.2.2.4. Railways & Metro Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.5. Utilities Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.6. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.7. Oil & Gas Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.8. Governments Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.3. By Product Type
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Product Type
13.2.3.3. BPS Analysis, By Product Type
13.2.3.4. Soft Ground TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.3.5. Hard Rock TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.4. By Country
13.2.4.1. Market Attractiveness, By Country
13.2.4.2. BPS Analysis, By Country
13.2.4.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.4.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.1. By Applications
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Applications
13.3.1.3. BPS Analysis, By Applications
13.3.1.4. Transportation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.1.5. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.1.6. Public Utility Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2. By End-User
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By End-User
13.3.2.3. BPS Analysis, By End-User
13.3.2.4. Railways & Metro Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2.5. Utilities Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2.6. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2.7. Oil & Gas Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2.8. Governments Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.2.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.3. By Product Type
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Product Type
13.3.3.3. BPS Analysis, By Product Type
13.3.3.4. Soft Ground TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.3.5. Hard Rock TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4. By Country
13.3.4.1. Market Attractiveness, By Country
13.3.4.2. BPS Analysis, By Country
13.3.4.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.3.4.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.1. By Applications
13.4.1.1. Introduction
13.4.1.2. Market Attractiveness, By Applications
13.4.1.3. BPS Analysis, By Applications
13.4.1.4. Transportation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.1.5. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.1.6. Public Utility Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2. By End-User
13.4.2.1. Introduction
13.4.2.2. Market Attractiveness, By End-User
13.4.2.3. BPS Analysis, By End-User
13.4.2.4. Railways & Metro Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2.5. Utilities Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2.6. Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2.7. Oil & Gas Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2.8. Governments Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.2.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.3. By Product Type
13.4.3.1. Introduction
13.4.3.2. Market Attractiveness, By Product Type
13.4.3.3. BPS Analysis, By Product Type
13.4.3.4. Soft Ground TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.3.5. Hard Rock TBM Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4. By Country
13.4.4.1. Market Attractiveness, By Country
13.4.4.2. BPS Analysis, By Country
13.4.4.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.4.4.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
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