Dublin, April 06, 2021 (GLOBE NEWSWIRE) -- The "Tunnel Boring Machine Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Geology, and End-User" report has been added to ResearchAndMarkets.com's offering. According to this report the global tunnel boring machine market was valued at US$ 6,236.13 million in 2019 and is projected to reach US$ 9,434.24 million by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.APAC led the global tunnel boring machine market with decent revenue share in 2019. The market in APAC has been analyzed based on historical, current, and future trends across the region. It is the fastest-growing region as the market players are experiencing significant demand for their products due to constant development in transportation infrastructure, and road and rail infrastructure across the region. China and Japan are the leading countries in the APAC tunnel boring machine market owing to the rapidly rising government investments in the development of road and rail line infrastructure, including the construction of various tunnels in the route. In India, Delhi Metro Rail Corporation entrusted offering a Mass Rapid Transportation System (MRTS) network to Delhi City. For the underground network, the tunnels were constructed by slurry type shield machine. In the next phase of the project, the railway station used 14 tunnel boring machines to construct a tunnel with a diameter of 5.8 meters. During the project, as per geology parameters, the tunnel boring machines of Mitsubishi, M/s Herenknecht, and Kawasaki were selected. In June 2018, the first tunnel boring machine for the 33.50 km long Mumbai Metro-III corridor package arrived in Mumbai, India. It is one of the longest metro lines in Mumbai, valued at US$ 3.17 billion, partly funded by Japan International Cooperation Agency. The machine was imported from the Robbins Company and manufactured at its China facility. In September 2018, CCCC Tianhe Mechanical Equipment Manufacturing Co, a China-based company, introduced the tunnel boring machine. The machine is built with a diameter of 13.19 meters and advanced technology. It is said that this tunnel boring machine is the largest and most innovative machine any China-based company has ever designed for a project. This machine would be used in rail projects in Indonesia, with a budget of US$ 5 billion. The project would link Jakarta with the city of Bandung. Impact of COVID-19 Pandemic on Tunnel Boring Machine MarketThe COVID-19 pandemic has substantially impacted infrastructure advancement and the global economy. The sharp decline in the construction and infrastructure industry impacts the growth of the global tunnel boring machine market. Unavailability of human resources and shortage of construction materials, caused by the lockdown, are the challenges encountered by the major transportation and mining projects. The delay in manufacturing and producing tunnel boring machines for the construction of road, rail, and other tunnels also somewhat hindered the market growth in 2020. Additionally, the factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of various components that are required for the manufacturing of tunnel boring machines.Reasons to Buy
Key Topics Covered: 1. Introduction1.1 Study Scope1.2 Research Report Guidance1.3 Market Segmentation1.3.1 Tunnel Boring Machine Market - By Type1.3.2 Tunnel Boring Machine Market - By Geology1.3.3 Tunnel Boring Machine Market - By End-User1.3.4 Tunnel Boring Machine Market- By Region2. Key Takeaways3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research4. Tunnel Boring Machine Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 Asia-Pacific4.2.4 Middle East & Africa4.2.5 South America4.3 Ecosystem Analysis4.4 Expert Opinion5. Tunnel Boring Machine Market - Key Market Dynamics5.1 Market Drivers5.1.1 Growing Road Infrastructure Projects5.1.2 Increasing Focus Toward Microtunneling5.2 Market Restraints5.2.1 High Financial Investment5.3 Market Opportunities5.3.1 Growing Rail Infrastructure Development Across APAC Countries5.4 Future Trends5.4.1 Technologically Advanced Tunnel Boring Machines5.5 Impact Analysis of Drivers and Restraints6. Tunnel Boring Machine Market - Global Analysis6.1 Tunnel Boring Machine Market Global Overview6.2 Tunnel Boring Machine Market - Revenue, and Forecast to 2027 (US$ Million)6.3 Market Positioning - Five Key Players7. Tunnel Boring Machine Market Analysis - By Type7.1 Overview7.2 Tunnel Boring Machine Market Breakdown, by Type, 2019 & 20277.3 Slurry TBM7.3.1 Overview7.3.2 Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)7.4 Earth Pressure Balance Shield TBM7.4.1 Overview7.4.2 Earth Pressure Balance Shield TBM Market Revenue and Forecast to 2027 (US$ Million)7.5 Open Gripper TBM7.5.1 Overview7.5.2 Open Gripper TBM Market Revenue and Forecast to 2027 (US$ Million)7.6 Shielded TBM7.6.1 Overview7.6.2 Shielded TBM Market Revenue and Forecast to 2027 (US$ Million)7.7 Multi-Mode TBM7.7.1 Overview7.7.2 Multi-Mode TBM Market Revenue and Forecast to 2027 (US$ Million)7.8 Other Types7.8.1 Overview7.8.2 Other Types Market Revenue and Forecast to 2027 (US$ Million)8. Tunnel Boring Machine Market Analysis - By Geology8.1 Overview8.2 Tunnel Boring Machine Market Breakdown, by Geology, 2019 & 20278.3 Soft Ground8.3.1 Overview8.3.2 Soft Ground Market Revenue and Forecast to 2027 (US$ Million)8.4 Hard Rock Ground8.4.1 Overview8.4.2 Hard Rock Ground Market Revenue and Forecast to 2027 (US$ Million)8.5 Variable Ground8.5.1 Overview8.5.2 Variable Ground Market Revenue and Forecast to 2027 (US$ Million)8.6 Heterogeneous Ground8.6.1 Overview8.6.2 Heterogeneous Ground Market Revenue and Forecast to 2027 (US$ Million)9. Tunnel Boring Machine Market Analysis - By End-User9.1 Overview9.2 Tunnel Boring Machine Market Breakdown, by End-User, 2019 & 20279.3 Transportation9.3.1 Overview9.3.2 Transportation Market Revenue and Forecast to 2027 (US$ Million)9.4 Metals & Mining9.4.1 Overview9.4.2 Metals & Mining Market Revenue and Forecast to 2027 (US$ Million)9.5 Oil & Gas9.5.1 Overview9.5.2 Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)9.6 Other End-Users9.6.1 Overview9.6.2 Other End-Users Market Revenue and Forecast to 2027 (US$ Million)10. Tunnel Boring Machine Market - Geographic Analysis10.1 Overview10.2 North America: Tunnel Boring Machine Market10.3 Europe: Tunnel Boring Machine Market10.4 APAC: Tunnel Boring Machine Market10.5 MEA: Tunnel Boring Machine Market10.6 SAM: Tunnel Boring Machine Market11. Tunnel Boring Machine Market-Impact of COVID-19 Pandemic11.1 Overview11.2 North America11.3 Europe11.4 Asia-Pacific11.5 MEA11.6 SAM12. Industry Landscape12.1 Overview13. Company Profiles13.1 China Railway Construction Heavy Industry Co., Ltd.13.1.1 Key Facts13.1.2 Business Description13.1.3 Products and Services13.1.4 Financial Overview13.1.5 SWOT Analysis13.1.6 Key Developments13.2 CREG TBM Germany GmbH13.2.1 Key Facts13.2.2 Business Description13.2.3 Products and Services13.2.4 Financial Overview13.2.5 SWOT Analysis13.2.6 Key Developments13.3 DALIAN HUARUI HEAVY INDUSTRY GROUP CO., LTD.13.3.1 Key Facts13.3.2 Business Description13.3.3 Products and Services13.3.4 Financial Overview13.3.5 SWOT Analysis13.3.6 Key Developments13.4 Herrenknecht AG13.4.1 Key Facts13.4.2 Business Description13.4.3 Products and Services13.4.4 Financial Overview13.4.5 SWOT Analysis13.4.6 Key Developments13.5 Hitachi Zosen corporation13.5.1 Key Facts13.5.2 Business Description13.5.3 Products and Services13.5.4 Financial Overview13.5.5 SWOT Analysis13.5.6 Key Developments13.6 IHI Corporation13.6.1 Key Facts13.6.2 Business Description13.6.3 Products and Services13.6.4 Financial Overview13.6.5 SWOT Analysis13.6.6 Key Developments13.7 Kawasaki Heavy Industries, Ltd.13.7.1 Key Facts13.7.2 Business Description13.7.3 Products and Services13.7.4 Financial Overview13.7.5 SWOT Analysis13.7.6 Key Developments13.8 Komatsu Ltd.13.8.1 Key Facts13.8.2 Business Description13.8.3 Products and Services13.8.4 Financial Overview13.8.5 SWOT Analysis13.8.6 Key Developments13.9 The Robbins Company13.9.1 Key Facts13.9.2 Business Description13.9.3 Products and Services13.9.4 Financial Overview13.9.5 SWOT Analysis13.9.6 Key Developments13.10 TERRATEC Ltd.13.10.1 Key Facts13.10.2 Business Description13.10.3 Products and Services13.10.4 Financial Overview13.10.5 SWOT Analysis13.10.6 Key Developments14. Appendix14.1 About the Publisher14.2 Word Index For more information about this report visit
