Construction and MiningMachineryManufacturingNews

Tunnel Boring Machine (TBM) Market Is Expanding To Significant Growth Potential By 2023 : Herrenknecht, CRTG, CRCHI, Tianhe, LNSS, Komatsu, Mitsubishi, NHI, Kawasaki

The tunnel boring machine market is heavily dependent on spending on road and rail infrastructure. Countries like China, Japan, Italy, Korea, Norway and Germany have vast tunnel networks. The main reason is to connect major cities within the country with the least commute time. This will greatly connect the city to optimize shipping costs and activate commerce. Another way to build tunnels is to use explosives. However, explosives are very dangerous and it is difficult to control the explosion. They are also a threat to men and machines working in tunnels. Slightly deflecting the explosives can completely jeopardize the project. Tunnel boring machines are therefore an ideal alternative for tunneling.

According to this study, over the next five years the Tunnel Boring Machine (TBM) market will register a -1.4% CAGR in terms of revenue, the global market size will reach US$ 4360 million by 2024, from US$ 4740 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tunnel Boring Machine (TBM) business.

Tunnel Boring Machine (TBM) is a machine used to excavate tunnels with circular cross-sections through various soil and rock strata. They can also be used for micro tunneling. In Japan and China, the machine is called soil shield tunneling machine, and the machine used for hard rock is called tunnel boring machine. In Europe and the US, however, it is called a tunnel boring machine. This includes all of this.

This Report Focuses On Top Manufacturers In Global Market:

Herrenknecht, CRTG, CRCHI, Tianhe, LNSS, Komatsu, Mitsubishi, NHI, Kawasaki, IHI, Terratec, SELI, Tianye Tolian, Hitachi Zosen, Xugong Kaigong, STEC, JIMT

Recently, international manufacturers of tunnel boring machines (TBM) have been working with Chinese companies, and China has become the world’s largest TBM manufacturer, accounting for more than 64% of the total production in 2017.

At present, the tunnel boring machine (TBM) industry is generally more advanced in foreign advanced countries. TBM manufacturers in Japan, Europe and the United States still have considerable size. The consumption of TBM in Europe was about 77 units, followed by 48 units in the United States.Tunnel boring machines (TBM) can be used in subways, tunnels, water conservation projects, mining and other processes. With the development of industry and technology, the potential market of tunnel boring machine (TBM) is still enormous.

Buy This Report @

Type Segmentation:

  • Soft Ground TBMs
  • Hard Rock TBMs

Application Segmentation:

  • City Rail System
  • Railway and Highway
  • Municipal Engineering
  • Others

This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

Table Of Content

Section 1 Tunnel Boring Machine (TBM) Definition

Section 2 Global Tunnel Boring Machine (TBM) Market Major Player Share and Market Overview

Section 3 Major Player Tunnel Boring Machine (TBM) Business Introduction

Section 4 Global Tunnel Boring Machine (TBM) Market Segmentation (Region Level)

Section 5 Global Tunnel Boring Machine (TBM) Market Segmentation (Type Level)

Section 7 Tunnel Boring Machine (TBM) Market Forecast 2019-2023

Section 8 Tunnel Boring Machine (TBM) Segmentation Type

Section 9 Tunnel Boring Machine (TBM) Segmentation Industry

Section 10 Tunnel Boring Machine (TBM) Cost Analysis

Section 11 Conclusion

Make an Enquiry before Buying @

Features mentioned in the report

  1. Changing market dynamics of the industry
  2. To get a comprehensive overview of the Tunnel Boring Machine (TBM) market.
  3. Historical, current and projected market size in terms of volume and value
  4. In-depth market segmentation
  5. Competitive landscape

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.


Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)







Show More