What is Global Tunnel Boring Machine (TBM) Market?
The Global Tunnel Boring Machine (TBM) Market is a vast and dynamic sector that encompasses a wide range of machinery used in the construction of tunnels. These machines, often referred to as "moles," are used to excavate tunnels through a variety of ground conditions, from hard rock to sand. The market is driven by the increasing demand for efficient, safe, and cost-effective tunnel construction, particularly in urban areas where space is at a premium. The TBM market is also influenced by advancements in technology, which have led to the development of more powerful and efficient machines. However, the market is not without its challenges. The high cost of TBMs and the technical expertise required to operate them can be prohibitive for some companies. Additionally, the market is subject to fluctuations in the construction industry, which can impact demand. Despite these challenges, the TBM market continues to grow, driven by the ongoing need for infrastructure development around the world.
Soft Ground TBMs, Hard Rock TBMs in the Global Tunnel Boring Machine (TBM) Market:
Soft Ground TBMs and Hard Rock TBMs are two major types of Tunnel Boring Machines (TBMs) used in the global market. Soft Ground TBMs are designed to excavate through soft, cohesive soil using a rotating cutterhead. These machines are typically used in urban areas where the ground conditions are predominantly soft soil. On the other hand, Hard Rock TBMs are designed to bore through hard, solid rock. They use disc cutters to fracture the rock, which is then removed by a conveyor system. The choice between a Soft Ground TBM and a Hard Rock TBM depends on the ground conditions of the construction site. Both types of TBMs have their advantages and disadvantages, and the choice between the two often comes down to the specific requirements of the project.
City Rail System, Railway and Highway, Municipal Engineering, Others in the Global Tunnel Boring Machine (TBM) Market:
The Global Tunnel Boring Machine (TBM) Market finds its usage in various areas such as City Rail System, Railway and Highway, Municipal Engineering, among others. In the City Rail System, TBMs are used to construct underground metro lines, providing a fast and efficient means of transportation in congested urban areas. In the Railway and Highway sector, TBMs are used to build tunnels that allow for the smooth and safe passage of trains and vehicles. In Municipal Engineering, TBMs are used for a variety of projects, including the construction of water and sewage tunnels. Other uses of TBMs include the construction of power plant tunnels, mining tunnels, and even tunnels for scientific research. The versatility of TBMs makes them an invaluable tool in the construction industry.
Global Tunnel Boring Machine (TBM) Market Outlook:
The Global Tunnel Boring Machine (TBM) Market, as of 2022, was valued at a substantial US$ 4366.4 million. The market is projected to grow at a steady pace, with an expected value of US$ 4914.4 million by 2029. This growth, representing a Compound Annual Growth Rate (CAGR) of 2.0% from 2023 to 2029, is a testament to the increasing demand and reliance on these machines in various sectors. The market is dominated by the top three manufacturers, who collectively hold a commanding share of over 65%. When it comes to the types of TBMs, soft ground TBMs take the lead, accounting for over 55% of the market. This dominance can be attributed to the widespread use of these machines in urban areas, where soft ground conditions are prevalent.
| Report Metric | Details |
| Report Name | Tunnel Boring Machine (TBM) Market |
| Accounted market size in 2023 | US$ 4366.4 million |
| Forecasted market size in 2030 | US$ 4914.4 million |
| CAGR | 2.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | CRHIC, Herrenknecht, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, JIMT, Robbins, Komatsu, Shanghai Tunnel Engineering Co., Ltd, Hitachi Zosen, Kawasaki, Terratec, Xugong Kaigong |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
