Industry Insights
[180+ Pages Report] The global hard rock tunnel boring machine market is projected to grow from USD 2,805.3 million in 2019 to USD 3,342.0 million by 2026, at a CAGR of 2.9% during the forecast period.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the hard rock tunnel boring machine industry. The report analyzes and declares the historical and current trends analysis of the hard rock tunnel boring machine industry and subsequently recommends the projected trends anticipated to be observed in the hard rock tunnel boring machine market during the upcoming years.
The hard rock tunnel boring machine market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire hard rock tunnel boring machine market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the hard rock tunnel boring machine industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the hard rock tunnel boring machine industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the hard rock tunnel boring machine market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the hard rock tunnel boring machine industry. The hard rock tunnel boring machine market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the hard rock tunnel boring machine sector. Key strategic developments in the hard rock tunnel boring machine market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the hard rock tunnel boring machine market are appropriately highlighted in the report.
The tunnel boring machines are used for the manufacturing of the tunnels such as railroads, roads, etc. These machines are is also known as a mole. These machines are used to mine tunnels with a circular cross-section. Tunnel boring machines can bore through sand, hard rock, and almost anything in between. In rock, these machines are used as an alternative to the blasting and drilling method. These machines reduce the cost of tunnel lining and are suitable to use in a heavily urbanized area.
Increasing infrastructural activities in the developed and developing countries and increasing investment in road and railway construction is driving the growth of the hard rock tunnel boring machine market. Moreover, increasing the use of these machines in the tunnel, water conservancy projects, mining projects, etc. may bolster the market growth. However, high construction costs, transportation difficulties may curb the growth of the market. Nonetheless, huge investments in the transportation infrastructure, construction of new tunnels, and innovations in technology may create numerous opportunities in the market.
The hard rock tunnel boring machine market research report delivers an acute valuation and taxonomy of the hard rock tunnel boring machine industry by practically splitting the market based on different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Hard Rock Tunnel Boring Machine industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Hard Rock Tunnel Boring Machine industry is provided for the leading economies of the world.
Key Segments: Hard Rock Tunnel Boring Machine Market
The hard rock tunnel boring machine market is segmented based on type and application. Based on type segmentation, the market is classified into a negative slope and a positive slope. In terms of application segmentation, the market is bifurcated into the city rail system, railway, and highway, municipal engineering, others (power and energy, underground storage facilities including petroleum and nuclear waste repositories).
Top Market Players
Some of the essential players operating in the hard rock tunnel boring machine market, but not restricted to include Tianhe Mechanical Equipment Manufacturing Co., Ltd., S.E.L.I. SPA, Qinhuangdao TianyeTolian Heavy Industry Co., Ltd., Shanghai Tunnel Engineering Co., Ltd., Jim Technology Corporation, Kawasaki Heavy Industries, Ltd., Herrenknecht AG, Hitachi Zosen Corporation, China Railway Engineering Equipment Group Co., Ltd., Lovsuns Tunneling Canada Ltd., Komatsu Ltd., Northern Heavy Industries Group Co., Ltd., and others.
The taxonomy of the hard rock tunnel boring machine market by its scope and segmentation is as follows:
Global Hard Rock Tunnel Boring Machine Market: By Types Segmentation Analysis
- Negative Slope
- Positive Slope
Global Hard Rock Tunnel Boring Machine Market: By Application Segmentation Analysis
- City Rail System
- Railway and Highway
- Municipal Engineering
- Others (Power and Energy, Underground Storage Facilities including Petroleum and Nuclear Waste Repositories)
Global Hard Rock Tunnel Boring Machine Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
- The U.S.
- Canada
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Key Insights from Primary Research
- According to the CXO’s working in the hard rock tunnel boring machine industry, the market is predicted to witness a substantial growth of above 2.9% during 2020-2026 attributed to increasing demand for hard rock tunnel boring machines in the construction sector.
- Due to the growing urbanization in the emerging countries, and the growing use of hard rock tunnel boring machine for railroads, rods, the market is expected to develop over USD 3,342 million until 2026. In 2019, the market was accounted for USD 2,805.3 million.
- By type analysis, the negative slope segment-headed the market with more than USD 1,500 million, in 2019 and it is expected to grow over the forecast period.
- By application analysis, municipal engineering segment is expected to increase during the forthcoming years attributed to the increasing municipal infrastructure.
- By geography, Asia Pacific is expected to be the fastest-growing market for a hard rock tunnel boring market during the years to come. In 2019, the Asia Pacific region held the market with nearly a share of 32% of the global market.
Key Recommendations from Analysts
- Our analysts recommend that North America is expected to be the fastest-growing market for hard rock tunnel boring machine during the years to come owing to significantly high tunnel construction operations.
- The European region is expected to boom the market in the future years owing to the huge investment in transportation projects in these regions.
- The Middle East & Africa is projected to demonstrate considerable growth over the forecast period owing to increasing infrastructural development for transportation.
- The railway and highway segment is expected to boost the global hard rock tunnel boring machine market attributed to growing urbanization and constantly increasing demands for more infrastructures.
- The economic growth and increasing demands for the construction of tunnels and other facilities may produce attractive opportunities in the market
Market Attractiveness ByType Analysis
Industry Major Market Players
- Tianhe Mechanical Equipment Manufacturing Co.Ltd.
- S.E.L.I. SPA
- Qinhuangdao TianyeTolian Heavy Industry Co.Ltd.
- Shanghai Tunnel Engineering Co.Ltd.
- Jim Technology Corporation
- Kawasaki Heavy Industries Ltd.
- Herrenknecht AG
- Hitachi Zosen Corporation
- China Railway Engineering Equipment Group Co.Ltd.
- Lovsuns Tunneling Canada Ltd.
- Komatsu Ltd.
- Northern Heavy Industries Group Co.Ltd.
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