Tunnel Boring Machine Market

A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, The machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.

Tunnel Boring Machine Market contains market size and forecasts of Tunnel Boring Machine in global, including the following market information:

Global Tunnel Boring Machine Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Tunnel Boring Machine Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Tunnel Boring Machine companies in 2021 (%)

The global Tunnel Boring Machine market was valued at 5062.4 million in 2021 and is projected to reach US$ 4482.7 million by 2028, at a CAGR of -1.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Soft Ground TBMs Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Tunnel Boring Machine include Herrenknecht, CRGIC, CRCHI, Tianhe Mechanical Equipment, Liaoning Censcience Industry Co., Ltd, Komatsu, NHI Group, Kawasaki and Terratec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tunnel Boring Machine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Tunnel Boring Machine Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Tunnel Boring Machine Market Segment Percentages, by Type, 2021 (%)

Soft Ground TBMs

Hard Rock TBMs

Global Tunnel Boring Machine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Tunnel Boring Machine Market Segment Percentages, by Application, 2021 (%)

Railway and Highway

Municipal Engineering

City ??Rail System

Others

Global Tunnel Boring Machine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Tunnel Boring Machine Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Tunnel Boring Machine revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Tunnel Boring Machine revenues share in global market, 2021 (%)

Key companies Tunnel Boring Machine sales in global market, 2017-2022 (Estimated), (Units)

Key companies Tunnel Boring Machine sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Herrenknecht

CRGIC

CRCHI

Tianhe Mechanical Equipment

Liaoning Censcience Industry Co., Ltd

Komatsu

NHI Group

Kawasaki

Terratec

Hitachi Zosen

Shanghai Tunnel Engineering Co., Ltd

Xugong Kaigong

JIMT