Tunneling Machinery Market By Type (Earth Pressure Balance Shield TBM, Slurry TBM, and Others), By Application (City Rail System, Railway & Highway, Oil & Gas, Municipal Engineering, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Tunneling machinery is used for the excavation of underground tunnels for the construction of roadways and railway tracks, along with several other infrastructural developmental jobs. The tunnel machinery is adept at digging a circular cross-section through a variety of soil and rock accumulation, reducing a potential disturbance to the surrounding ground and soil for smooth wall construction.

Market Dynamics

The rise in construction of railway and highway tunnels and increasing product adoption for microtunneling works for utility tasks are the primary factors driving the market growth. The need for the development of large-scale roadways and railways projects in high population density urban areas have increased the adoption of tunneling machinery, as it does not create disturbance in the surrounding soil to ensure worker safety and ground stability. The increasing demand to construct sewage and water pipeline systems to cater to the growing global population have also increased the importance of tunneling machinery. The method of microtunneling has been widely adopted for the construction of utility tunnels in high-demand areas, which has further increased the incorporation of tunneling machinery for such works. However, high initial investments and maintenance costs might hamper the market growth. The manufacturing of tunneling machinery products requires high capital expenditure and procurement costs for all components. The levying of additional tariffs and taxes on the transportation & shipping of products would invariably increase the final product pricing. The expenditure of regular product maintenance for its proper functioning is also high, which might act as barriers to market growth. The continued product demand for industrial projects in emerging countries would provide lucrative opportunities for the market in the coming years. The rising product adoption in oil & gas, construction, mining, and energy power projects would offer crucial manufacturers with new possibilities of product application and business expansion during the forecast period.
 
Market Segmentation

The global Tunneling Machinery market is mainly classified based on Type and Application. Type is segmented into Earth Pressure Balance Shield TBM, Slurry TBM, and Others. By Application, the market is divided into City Rail System, Railway & Highway, Oil & Gas, Municipal Engineering, and Others.

The Others segment by Type, which includes shielded tunneling machinery and multi-mode tunnel boring machines, among many others, holds considerable market share owing to the completion of tunneling tasks quickly and effectively. The low maintenance costs of the machinery would also increase its adoption over the forecast period, ensuring the growth of the segment.

In terms of volume, the Railway & Highway segment by Application is poised to garner 344 Units; growing at a CAGR of 6.7% during forecast period. The increase in ongoing projects of roadways and rail tracks construction have influenced a high demand for tunneling machinery, which would propel the prospects of segment growth in the coming years. The rise in highway construction projects in developing countries would also influence the segment growth to positive outcomes.

Regional Analysis

Based on geography, the global Tunneling Machinery market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a leading region of the market in terms of overall value and volume owing to the rising product adoption for infrastructural projects and industrial works. The high product demand in mining and construction industries have boosted the segment growth prospects, which would ensure steady growth over the forecast period.

 
Competitive landscape

The Tunneling Machinery market is moderately consolidated, with several vital companies operating with expansive manufacturing capabilities and extensive distribution network for remote area product delivery.

Key players operating in the Tunneling Machinery industry include Herrenknecht AG, China Railway Tunnel Group Co., Ltd., China Railway Construction Heavy Industry Co., Ltd., Liaoning Censcience Industry Co., Ltd., Komatsu Ltd., Northern Heavy Industries Group Co., Ltd., Kawasaki Heavy Industries, Ltd., TERRATEC Ltd., Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd., Hitachi Zosen Corporation, XCMG Construction Machinery Co., Ltd., Shanghai Tunnel Engineering Co., Ltd., JIM Technology Corporation, and Tianhe Mechanical Equipment Manufacturing Co., Ltd.

The launch of new products after thorough development and expansion in business capabilities through strategic partnerships are the primarily followed business strategies of top players looking to capture substantial share during the forecast period.

Tunneling Machinery Market Key Segments:

By Type
• Earth Pressure Balance Shield TBM
• Slurry TBM
• Others

By Application
• City Rail System
• Railway & Highway
• Oil & Gas
• Municipal Engineering
• Others

Key Global Tunneling Machinery Industry Players
• Herrenknecht AG
• China Railway Tunnel Group Co., Ltd.
• China Railway Construction Heavy Industry Co., Ltd.
• Liaoning Censcience Industry Co., Ltd.
• Komatsu Ltd.
• Northern Heavy Industries Group Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• TERRATEC Ltd.
• Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.
• Hitachi Zosen Corporation
• XCMG Construction Machinery Co., Ltd.
• Shanghai Tunnel Engineering Co., Ltd.
• JIM Technology Corporation
• Tianhe Mechanical Equipment Manufacturing Co., Ltd.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Tunneling Machinery Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rise in construction of railway and highway tunnels
3.3.2. Increasing product adoption for microtunneling works for utility tasks
3.4. Restraints
3.4.1. High initial investments and maintenance costs
3.5. Opportunity
3.5.1. Continued product demand for industrial projects in emerging countries
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Earth Pressure Balance Shield TBM
4.2.1. Market Size & Forecast
4.3. Slurry TBM
4.3.1. Market Size & Forecast
4.4. Others
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. City Rail System
5.2.1. Market Size & Forecast
5.3. Railway & Highway
5.3.1. Market Size & Forecast
5.4. Oil & Gas
5.4.1. Market Size & Forecast
5.5. Municipal Engineering
5.5.1. Market Size & Forecast
5.6. Others
5.6.1. Market Size & Forecast

6. Tunneling Machinery Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Tunneling Machinery Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Tunneling Machinery Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Tunneling Machinery Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Tunneling Machinery Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Tunneling Machinery Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Herrenknecht AG
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Herrenknecht AG Product Category, Application, and Specification
7.1.3. Herrenknecht AG Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. China Railway Tunnel Group Co., Ltd.
7.3. China Railway Construction Heavy Industry Co., Ltd.
7.4. Liaoning Censcience Industry Co., Ltd.
7.5. Komatsu Ltd.
7.6. Northern Heavy Industries Group Co., Ltd.
7.7. Kawasaki Heavy Industries, Ltd.
7.8. TERRATEC Ltd.
7.9. Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd.
7.10. Hitachi Zosen Corporation
7.11. XCMG Construction Machinery Co., Ltd.
7.12. Shanghai Tunnel Engineering Co., Ltd.
7.13. JIM Technology Corporation
7.14. Tianhe Mechanical Equipment Manufacturing Co., Ltd.