Tunneling Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Report ID: GMI4101




Summary Methodology

Tunneling Equipment Market size is driven mainly by its increasing applications in construction activities of roadway, railway, and mining. These machines are utilized to build tunnels for roads, railways, water treatment systems, and pipelines. The growing construction & mining activities and several government investments in the infrastructure development projects are supporting the market growth. The increasing need for clean water is leading to the implementation of water treatment systems in urban and rural areas, which is supporting the utilization of these machines. High demand is attributed to less disturbance created to the surrounding soil and increased safety provided to the workers. Moreover, increased micro-tunneling activity in urban areas for telecommunication pipelining is promoting the market development.
 

The high deployment cost of these machines is a major factor hindering the tunneling equipment market growth. These machines include expensive components and parts such as conveyor belts, control rooms, slurry pipelines, ventilation systems, and electrical systems, which add up to the product cost. The transportation of these machines is a tough task and creates a high cost of transport. Additionally, the lack of flexibility & compatibility issues in these machines is a challenge in the market. This increases the complexity of installation of the components due to the lack of compatibility issue, hindering the industry. These machines consume high energy and require a significant backup system.
 

A technical trend in the tunneling equipment market is the Earth Pressure Balance (EPB) technology, which is utilized in soft soil surface conditions and provides external support by creating a paste of excavated soil. The market is gaining popularity due to the growing road & railway infrastructure construction across the globe. The rapid increase in the number of infrastructure projects for enhancing transportation facilities is promoting the demand for these machines globally. Additionally, the increasing need for energy, minerals, and metals is leading to coal mining activities, further fueling the tunneling equipment market size. The rise in public & private partnerships for the construction of public infrastructures, such as metros and city railway systems, in developing countries is creating the demand for these machines.
 

Slurry tunnel boring machine (TBM) is gaining high popularity in the tunneling equipment market size due to its optimization and efficient handling at complex work sites. This technology is utilized in sandy and gravely surfaces, metro tunnel constructions, and water treatment systems. Additionally, this machine is designed to work in adverse ground conditions owing the high wear-resistance design of its cutting wheel. Increasing metro projects in various developing countries including India, China and, Singapore are supporting the demand for slurry TBMs. For instance, in January 2018, the Singapore Rapid Transit System Link cross border metro project was signed by the Singapore and Malaysia governments. The product is increasingly implemented due to its enhanced capabilities of working in complex underground conditions, supporting the tunneling equipment market development.
 

The adoption of these machines in road transport applications is increasing due to the rising need for better transportation facilities across the globe. Increasing road fatalities and accident rates in North America and Asia are creating the need for improved road infrastructure and supporting high machinery demand. Several governments are heavily investing in new roadway construction to facilitate faster transportation. For instance, the National Highway Authority of India (NHAI) invested USD 43.87 million under the Bharatmala scheme, which aims to develop 35,000 km of national highways across India. The tunneling process reduces the cost of excessive road construction by providing a direct connection through mountains and underground space. These tunnels will also aid in reducing goods transportation time, fueling the market growth.
 

Developing countries in Asia including China and India are witnessing growth in the tunneling equipment market share due to increasing infrastructural development activities in this region. Moreover, government initiatives and investments are leading to infrastructure development in this region, supporting the demand for these machines. China’s One Belt One Road initiative created high machinery demand, which is driving the market expansion. The Middle East & Africa region is witnessing high adoption of these machines owing to the increasing need for energy resources leading to several mining activities. The rapidly developing oil-gas & mining sector in this region is supporting the market growth.
 

The major players operating in the tunneling equipment market share are Atlas Copco, Bessac, Hitachi Zosen, Sandvik Constructions, SANYHE International Holdings, CREG, Mitsubishi Heavy Industries, Aker Wirth, Komatsu Mining Corp., and HERRENKNECHT AG. These players are highly investing in R&D activities to develop technically advanced and fuel & energy-efficient products to strengthen their product portfolio. The companies in the market are focusing on various strategies, such as merger & acquisition and collaborations & partnerships, to gain high profits. For instance, in June 2019, CREG announced the launch of new water jet hard rock TBM, which can work on different surfaces such as quartz sandstone, argillaceous siltstone, and biotite granite. In August 2017, Atlas Copco announced the launch of new Boomer M-series for mining & tunneling applications, which provide several benefits such as improved safety, increased robustness, automated functions, and low operational cost.
 

The tunneling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2025 for the following segments:
 

Tunneling Equipment Market Size, By Product Type

  • Slurry TBM
  • Earth Pressure Balance Shield TBM
  • Shielded TBM
    • Single Shield TBM
    • Double Shield TBM
    • Water-pressure Shield TBM
  • Cross Over TBM
  • Main Beam TBM
  • Open Gripper TBM

Tunneling Equipment Market, By Geology Type

  • Soft Ground
  • Hard Rock Ground
  • Heterogenous Ground

Tunneling Equipment Market, By End-use

  • Road Transport
  • Railway Transport
  • Metro & Transit
  • Utilities
  • Mining
  • Oil & Gas

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


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