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Tunnel Boring Machine Market Analysis

ID: MRFR//8740-CR | 166 Pages | Author: Swapnil Palwe| October 2020

The increased use of Tunnel Boring Machines (TBMs) in the mining and construction sectors is gaining momentum worldwide. Many governments, especially in emerging countries, are concentrating on enhancing infrastructure development, leading to various changes and regulations in real estate and infrastructure. These reforms are expected to spur growth in the construction industry, subsequently driving the global demand for tunneling equipment. TBMs have proven to be highly effective in civil tunnel construction, particularly in the development of railway tunnels and roads. They find application in various areas such as mine development, ventilation, haulage, and production drifts.

In the mining industry, there is a growing and consistent demand for tunnel boring machines due to their ability to rapidly excavate new orebodies, resulting in quicker development and lower overall costs. Unlike traditional drill and blast methods, TBMs are now the preferred choice for most civil engineering tunneling projects. The reasons for the increasing popularity of TBMs are manifold.

Firstly, TBMs contribute to enhanced personnel safety by minimizing or eliminating the need for blasting, thus avoiding exposure to toxic fumes. Additionally, these machines reduce ground disturbance, leading to significantly reduced support requirements for creating a safe and stable opening. When used in mining, TBMs necessitate less ventilation, as they create smooth walls, and they generate uniform muck size, streamlining the mining process.

Another key advantage of TBMs is their ability to provide continuous operation, making them well-suited for remote control and automation. This feature not only enhances efficiency but also contributes to a safer working environment, particularly in challenging or hazardous conditions.

The numerous benefits outlined above are driving the growing adoption of tunnel boring machines in the mining and construction industries. Recent developments in the mining sector have successfully integrated TBMs into mining operations. These developments include advancements in cutter design, machine components, and hydraulic and electrical systems, along with an increasing reliance on electronic control systems. As a result of these advancements and advantages, the demand for TBMs is expected to increase in the coming years.

In conclusion, the global trend toward infrastructure development and the transformative benefits offered by tunnel boring machines are propelling their popularity in the mining and construction sectors. As technology continues to evolve, and TBMs become more advanced and efficient, their demand is likely to rise, shaping the future of excavation and tunneling in these industries.

Covered Aspects:

Report Attribute/Metric Details
Segment Outlook Component, Product Type, Technology, Fuel Type, and Region

Tunnel Boring Machine Market Overview:

Tunnel Boring Machine Market Size was valued at USD 6.75 billion in 2023. The Global tunnel boring machine market industry is projected to grow from USD 7.08 Billion in 2024 to USD 10.09 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period (2024 - 2030). Rising spending on roads and railway infrastructure by government and private companies, increase in focus toward micro-tunneling and rise in adoption in Mining industry the key market drivers enhancing the market growth.

Tunnel Boring Machine Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Tunnel Boring Machine Market Trends

  • Rising spending on roads and railway infrastructure by government and private company boost the market growth

The expansion of roadway and railroad infrastructure is anticipated to fuel the market for tunnel boring machines. Government funding for rail pipeline projects is also anticipated to support the expansion of the tunnel boring machine market. As an instance, the Italian government invested $33.79 billion in a railway infrastructure project in July 2019. The need for tunnel boring machines rises as a result of the application of these machines in projects such as pipelines for oil and gas, water, and hydropower. It is anticipated that developing nations like China, India, and others will continue to experience rapid urbanization and industrialization, which will accelerate the expansion of the tunnel boring machine market.

Manufacturers of tunnel boring machines focus micro-tunneling operations. This is expected to increase demand for tunnel boring machines, that will propel the market for these machines to expand. In addition, it is anticipated that increased use of tunnel boring machines in the mining sector will support the expansion of the market for these machines.

However, it is projected that factors like high investment costs and a lack of flexibility will restrain the growth of the tunnel boring machine market. The expansion of the worldwide tunnel boring machine market is also anticipated to be hampered by price fluctuations in raw materials. For instance, the U.S. administration raised taxes on imports of variable steel and aluminium in February 2020. This range of increases includes a 10% increase in aluminium imports and a 25% increase in steel imports, which have had a severe impact on the manufacturing sector in the United States and, in turn, the country's entire economy. The development of the tunnel boring machine market is also anticipated to benefit greatly from technological developments in rock cutting and tunnel boring machines with automation.

Tunnel Boring Machine Market Segment Insights:

Tunnel Boring Machine Machine Type Insights

The tunnel boring machine market segmentation, based on fusion Machine Type, includes Slurry TBM, Earth Pressure Balance Shield TBM, Shielded TBM, Multi-Mode TBM, Other Machines. The Slurry TBM segment held the majority share in tunnel boring machine market revenue. This is primarily owing to a growth in utility and transportation projects around the world, the market for slurry TBM machines is anticipated to expand during the forecast period. The market is expected to develop as a result of all of these factors.

Sept. 2021: The first of the nine TBMs in Phase 2 of the Metro project in Bangalore, India to make a breakthrough was the hard rock/slurry TBM Urja (DZ670) developed by China Railway Construction Heavy Industry Cooperation Limited (CRCHI).

Figure 2: Tunnel Boring Machine Market, by Machine Type, 2021 & 2030 (USD Billion) Tunnel Boring Machine Market, by Machine Type, 2021 & 2030

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Tunnel Boring Machine Geology Type Insights

The tunnel boring machine market segmentation, based on Geology Type, includes Soft Ground, Hard Rock Ground, Heterogeneous Ground, Variable Ground. The Heterogeneous Ground segment dominated the market in 2021. The heterogeneous ground surfaces are developed in areas with an increase in glaciation, that reshapes the terrain. These tunnels, which combine rock sections with uneven lost ground, are increasingly common in the tunnel regions of Switzerland. Additionally, it is projected that an increase in tunneling project development will generate attractive opportunities for market expansion.

Tunnel Boring Machine End Users Insights

The tunnel boring machine market data has been bifurcated by End Users into Road Transport, Railway Transport, Utilities, Metro and Transit, Mining, Oil, Gas and Others. The Metro and Transit segment dominated the market in 2021. The market demand for tunnel boring machines is fueled by an increase in metro transportation projects. Additionally, large metro pipeline companies' investments in infrastructure projects are anticipated to fuel market expansion. As more metropolitan areas need metro services, metro tunnelling projects are now controlled using SAAS services to speed project completion. Future deployment of a high-speed underground public transportation system using automated pods and hyperloops is planned. This is anticipated to fuel the market for tunnel boring machines.

Sept. 2019: Terratec Ltd. has entered into a contract with Maharashtra Metro Rail Corporation Ltd. to deliver four tunnel boring machines to India for Pune metro project.

Tunnel Boring Machine Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific Tunnel Boring Machine market accounted for USD 2.66 billion in 2021. This is attributed to the population growth, rapid urbanization, and robust economic expansion. These factors contributed to the market for tunnel boring machines expanding. In addition, it is projected that the need for tunnel boring machines would soon increase due to the large number of metro projects that are now under construction in India.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe tunnel boring machine market accounts for the second-largest market share due to economic expansion and numerous investments in infrastructure projects in Europe, numerous prominent players in the area are providing tunnel-boring machines for effective and reliable operations. Further, the German tunnel boring machine market held the largest market share, and the UK tunnel boring machine market was the fastest-growing market in the European region

The North America Tunnel Boring Machine Market accounts for the third-largest market share due to increased tunnelling projects across the NA as a result of an increase in road development activities support the market for tunnel boring machines. Moreover, United States tunnel boring machine market held the largest market share and fastest-growing market in the North America region

Tunnel Boring Machine Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the tunnel boring machine market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the tunnel boring machine industry must offer cost-effective machines to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the tunnel boring machine industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, tunnel boring machine industry has provided machine with some of the most significant benefits. The tunnel boring machine market major player such as Kawasaki Heavy Industries Ltd, China Railway Group Limited (CRGL) and others are working to expand the market demand by investing in research and development activities.

In June 2022, Kawasaki Heavy Industries, Ltd. announced the shipment of the bulk carrier PHILHOKUSAI at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), which is situated in Dalian City, China and is operated in collaboration with China COSCO Shipping Corporation Limited (China COSCO Shipping).

Also, in Spet.2022, China Railway Engineering Equipment Group and Sinohydro Bureau 14 jointly developed the "Hongyi," the largest diameter hard rock tunnel boring machine (TBM) in the world, and the second bid (Xianglushan Tunnel) of the Dali Section of the Central Yunnan Water Diversion Project formally decided to enter the TBM excavation stage.

Key Companies in the tunnel boring machine market includes

Tunnel Boring Machine Industry Developments

April 2022: The Macau Light Transit (LRT) extension to Hengqin has entered the tunnel construction stage and is anticipated to take three more years, according to Zhuhai city authorities. A tunnel-boring Earth pressure balanced shield machine was developed in Changsha, Hunan for this project. It will be the largest instrument of its sort to be used in the SAR, measuring 7.98 meters in diameter and 87 meters in length.

March 2019: The 23-mile mineral transportation tunnel being built by Sirius Minerals will have a first-ever 1,800-tonne tunnel boring machine that was formally unveiled in Europe.

Oct 2022: Six tunnel boring machines (TBMs) owned by HS2 have started building more than 26 miles of tunnel under London. The fourth of ten HS2 tunnel boring machines to be launched, it will travel five miles from the Victoria Road site in west London to Greenpark Way in Greenford before being dismantled and lifted from the earth. Another TBM will also be launched from the same location later this year to construct the second twin-bore tunnel for HS2 that will lead towards the city centre.

Tunnel Boring Machine Market Segmentation:

Tunnel Boring Machine Component Outlook

  • Video Generators

  • Projectors/Projection Units

  • Display Units

  • Software

Tunnel Boring Machine Product Type Outlook

  • Windshield HUD

  • Combiner HUD

Tunnel Boring Machine Technology Outlook

Tunnel Boring Machine Fuel Type Outlook

  • ICE

  • Electric

Tunnel Boring Machine Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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