Tunneling Machinery Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: CREG, CRCHI, Herrenknecht, NHI, LNSS, Tianhe, JIMT, Komatsu, Hitachi Zosen, Terratec, Kawasaki

Registering a CAGR of 6.2% over the forecast period of 2022-2027, the global Tunneling Machinery market is anticipated to reach the market value of US$ 7552.1 million from US$ 5476.0 million in the year 2021.

Tunneling Machinery Market Overview

Tunnel boring machines are huge special-purpose machines, mainly used in building tunnels for roads, railways, and pipelines. These machines are extended with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are complicated assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines series from 2 meter to 21 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels.

The machines which are mostly used for making tunnels for pipelines, roads, and railways are usually by the name tunnel boring machinery. They are also identified as massive specific-function machines. They are usually used for support in boring round holes with round cross-sections in some kind of rocks and soil. These machines are collected with a complex system that works in the grouping with each other. There are various kinds of tunnel boring machines with variable diameters ranging from three feet to 65 feet. In the modern period, these are frequently used for finishing through rocks and for catering smooth cuts which additionally helps in constructing concrete shields.

A rise in infrastructure in the railway and road highways is predictable to drives the growth of the tunnel boring machine market. Furthermore, government investment in railway pipeline projects is projected to cater to the tunnel boring machine market growth. For instance, in July 2019, the Italian government spent $33.75 billion on a railway infrastructure project. Tunnel boring machine is used for the water pipeline scheme, hydropower scheme, and pipelines for oil & gas, and other projects, which in turn raises the demand for tunnel boring machines. An increase in rapid development and automation among developing countries such as India, China, and others is projected to increase the tunnel boring machine market growth.

Who are the Major Players in Tunneling Machinery Market?

The Tunneling Machinery Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes CREG, CRCHI, Herrenknecht, NHI, LNSS, Tianhe, JIMT, Komatsu, Hitachi Zosen, Terratec, Kawasaki, STEC, LXCE, Sandvik, SANY GROUP, XCMG, Antraquip, Sunward, BBM Group, Famur, Mitsui Miike Machinery, Deilmann-Haniel Mining Systems (DHMS), MSB Schmittwerke, HS2

Recent Developments

Sandvik obtains SEK 1 billion order for tunneling equipment in the EMEA region- Sandvik Mining and Rock Solutions has been awarded a contract in the EMEA region valued at around SEK 1 billion for the supply of tunneling equipment, roadheaders, and underground drill rigs. The order has been booked for the fourth quarter of 2021 and delivery of the equipment is scheduled from the fourth quarter of 2022 until the first quarter of 2024.

HS2 Ltd to Introduce the first of 10 tunnel boring machines- In a landmark moment for the project, HS2 Ltd will launch the first tunnel boring machine from HS2’s South Portal site on 13 May 2021.

The tunneling Machinery Market is segmented based on the type, applications, companies, and regions

By Type, it is segmented into

• TBMs


• Roadheader


• The segment of road header held the larger market share of about 65% in 2018.

By Applications, it is segmented into

• Coal Mine and Rock


• Municipal Engineering


• Railway and Highway


• Others


• Both segments were estimated to account for the highest market share of about 45% and 40% in 2018, including coal mines and rock and railway, and highway.

Tunneling Machinery Market Regional Analysis

Tunnel boring machines are in high demand in hilly terrains such as Italy, Spain, and France. In addition, countries like India, Brazil, and South Africa have begun to increase their spending on road and rail infrastructure. This rising demand is expected to open up new potential for tunnel boring machine producers around the world. India, along with China, is predicted to be the biggest revenue-generating country in Asia Pacific. In comparison to global manufacturers, leading Chinese manufacturers are growing from the domestic/local market to the worldwide market with low-cost machinery.

Germany has the highest demand for tunnel boring machines in Europe, owing to the country's developing and expanding tunnelling projects. In Europe, tunnelling projects are also undergoing refurbishment as part of safety and operating needs. Due to these factors, tunnel boring machine demand in Europe is likely to stay high over the forecast period of 2019-2027.

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Tunneling Machinery Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tunneling Machinery Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Tunneling Machinery Market report scope?

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Key Takeaways from this Tunneling Machinery Report

• Evaluate Tunneling Machinery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Tunneling Machinery market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

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Who are the key players in Tunneling Machinery Market?

CREG, CRCHI, Herrenknecht, NHI, LNSS, Tianhe, JIMT, Komatsu, Hitachi Zosen, Terratec, Kawasaki, STEC, LXCE, Sandvik, SANY GROUP, XCMG, Antraquip, Sunward, BBM Group, Famur, Mitsui Miike Machinery, Deilmann-Haniel Mining Systems (DHMS), MSB Schmittwerke, HS2

What regions does this Tunneling Machinery Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Tunneling Machinery Market?

TBMs, Roadheader

What are the major end-use applications of the Tunneling Machinery Market?

Coal Mine and Rock, Municipal Engineering, Railway and Highway, Others

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