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Global Tunnel Boring Machine (TBM) Market Research Report 2025
Synopsis
A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, the machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
The global Tunnel Boring Machine (TBM) market was valued at US$ 4366.4 million in 2023 and is anticipated to reach US$ 4914.4 million by 2030, witnessing a CAGR of 2.0% during the forecast period 2024-2030.
Global tunnel boring machine (TBM) key players include Herrenknecht, CRCHI etc. Global top 3 manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 60%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, soft ground TBMs is the largest segment, with a share over 55%. And in terms of application, the largest application is city rail system, followed by railway and highway.
This report aims to provide a comprehensive presentation of the global market for Tunnel Boring Machine (TBM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tunnel Boring Machine (TBM).
Report Scope
The Tunnel Boring Machine (TBM) market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tunnel Boring Machine (TBM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tunnel Boring Machine (TBM) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
CRHIC
Herrenknecht
CRCHI
Tianhe Mechanical Equipment
Liaoning Censcience Industry Co., Ltd
JIMT
Robbins
Komatsu
Shanghai Tunnel Engineering Co., Ltd
Hitachi Zosen
Kawasaki
Terratec
Xugong Kaigong
Segment by Type
Soft Ground TBMs
Hard Rock TBMs
Segment by Application
City Rail System
Railway and Highway
Municipal Engineering
Others
Production by Region
Australia
Europe
China
Japan
Australia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tunnel Boring Machine (TBM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tunnel Boring Machine (TBM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tunnel Boring Machine (TBM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, the machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.
The global Tunnel Boring Machine (TBM) market was valued at US$ 4366.4 million in 2023 and is anticipated to reach US$ 4914.4 million by 2030, witnessing a CAGR of 2.0% during the forecast period 2024-2030.
Global tunnel boring machine (TBM) key players include Herrenknecht, CRCHI etc. Global top 3 manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 60%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, soft ground TBMs is the largest segment, with a share over 55%. And in terms of application, the largest application is city rail system, followed by railway and highway.
This report aims to provide a comprehensive presentation of the global market for Tunnel Boring Machine (TBM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tunnel Boring Machine (TBM).
Report Scope
The Tunnel Boring Machine (TBM) market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tunnel Boring Machine (TBM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tunnel Boring Machine (TBM) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
CRHIC
Herrenknecht
CRCHI
Tianhe Mechanical Equipment
Liaoning Censcience Industry Co., Ltd
JIMT
Robbins
Komatsu
Shanghai Tunnel Engineering Co., Ltd
Hitachi Zosen
Kawasaki
Terratec
Xugong Kaigong
Segment by Type
Soft Ground TBMs
Hard Rock TBMs
Segment by Application
City Rail System
Railway and Highway
Municipal Engineering
Others
Production by Region
Australia
Europe
China
Japan
Australia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tunnel Boring Machine (TBM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tunnel Boring Machine (TBM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tunnel Boring Machine (TBM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Tunnel Boring Machine (TBM) Market Overview
1.1 Product Definition
1.2 Tunnel Boring Machine (TBM) Segment by Type
1.2.1 Global Tunnel Boring Machine (TBM) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Soft Ground TBMs
1.2.3 Hard Rock TBMs
1.3 Tunnel Boring Machine (TBM) Segment by Application
1.3.1 Global Tunnel Boring Machine (TBM) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 City Rail System
1.3.3 Railway and Highway
1.3.4 Municipal Engineering
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Tunnel Boring Machine (TBM) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Tunnel Boring Machine (TBM) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Tunnel Boring Machine (TBM) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Tunnel Boring Machine (TBM) Production Market Share by Manufacturers (2019-2024)
2.2 Global Tunnel Boring Machine (TBM) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Tunnel Boring Machine (TBM), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Tunnel Boring Machine (TBM) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Tunnel Boring Machine (TBM) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Tunnel Boring Machine (TBM), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Tunnel Boring Machine (TBM), Product Offered and Application
2.8 Global Key Manufacturers of Tunnel Boring Machine (TBM), Date of Enter into This Industry
2.9 Tunnel Boring Machine (TBM) Market Competitive Situation and Trends
2.9.1 Tunnel Boring Machine (TBM) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Tunnel Boring Machine (TBM) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Tunnel Boring Machine (TBM) Production by Region
3.1 Global Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Tunnel Boring Machine (TBM) Production Value by Region (2019-2030)
3.2.1 Global Tunnel Boring Machine (TBM) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Tunnel Boring Machine (TBM) by Region (2025-2030)
3.3 Global Tunnel Boring Machine (TBM) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Tunnel Boring Machine (TBM) Production by Region (2019-2030)
3.4.1 Global Tunnel Boring Machine (TBM) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Tunnel Boring Machine (TBM) by Region (2025-2030)
3.5 Global Tunnel Boring Machine (TBM) Market Price Analysis by Region (2019-2024)
3.6 Global Tunnel Boring Machine (TBM) Production and Value, Year-over-Year Growth
3.6.1 Australia Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
3.6.5 Australia Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2019-2030)
4 Tunnel Boring Machine (TBM) Consumption by Region
4.1 Global Tunnel Boring Machine (TBM) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Tunnel Boring Machine (TBM) Consumption by Region (2019-2030)
4.2.1 Global Tunnel Boring Machine (TBM) Consumption by Region (2019-2024)
4.2.2 Global Tunnel Boring Machine (TBM) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Tunnel Boring Machine (TBM) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Tunnel Boring Machine (TBM) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Tunnel Boring Machine (TBM) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Tunnel Boring Machine (TBM) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Tunnel Boring Machine (TBM) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Tunnel Boring Machine (TBM) Production by Type (2019-2030)
5.1.1 Global Tunnel Boring Machine (TBM) Production by Type (2019-2024)
5.1.2 Global Tunnel Boring Machine (TBM) Production by Type (2025-2030)
5.1.3 Global Tunnel Boring Machine (TBM) Production Market Share by Type (2019-2030)
5.2 Global Tunnel Boring Machine (TBM) Production Value by Type (2019-2030)
5.2.1 Global Tunnel Boring Machine (TBM) Production Value by Type (2019-2024)
5.2.2 Global Tunnel Boring Machine (TBM) Production Value by Type (2025-2030)
5.2.3 Global Tunnel Boring Machine (TBM) Production Value Market Share by Type (2019-2030)
5.3 Global Tunnel Boring Machine (TBM) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Tunnel Boring Machine (TBM) Production by Application (2019-2030)
6.1.1 Global Tunnel Boring Machine (TBM) Production by Application (2019-2024)
6.1.2 Global Tunnel Boring Machine (TBM) Production by Application (2025-2030)
6.1.3 Global Tunnel Boring Machine (TBM) Production Market Share by Application (2019-2030)
6.2 Global Tunnel Boring Machine (TBM) Production Value by Application (2019-2030)
6.2.1 Global Tunnel Boring Machine (TBM) Production Value by Application (2019-2024)
6.2.2 Global Tunnel Boring Machine (TBM) Production Value by Application (2025-2030)
6.2.3 Global Tunnel Boring Machine (TBM) Production Value Market Share by Application (2019-2030)
6.3 Global Tunnel Boring Machine (TBM) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 CRHIC
7.1.1 CRHIC Tunnel Boring Machine (TBM) Corporation Information
7.1.2 CRHIC Tunnel Boring Machine (TBM) Product Portfolio
7.1.3 CRHIC Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 CRHIC Main Business and Markets Served
7.1.5 CRHIC Recent Developments/Updates
7.2 Herrenknecht
7.2.1 Herrenknecht Tunnel Boring Machine (TBM) Corporation Information
7.2.2 Herrenknecht Tunnel Boring Machine (TBM) Product Portfolio
7.2.3 Herrenknecht Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Herrenknecht Main Business and Markets Served
7.2.5 Herrenknecht Recent Developments/Updates
7.3 CRCHI
7.3.1 CRCHI Tunnel Boring Machine (TBM) Corporation Information
7.3.2 CRCHI Tunnel Boring Machine (TBM) Product Portfolio
7.3.3 CRCHI Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 CRCHI Main Business and Markets Served
7.3.5 CRCHI Recent Developments/Updates
7.4 Tianhe Mechanical Equipment
7.4.1 Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Corporation Information
7.4.2 Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Product Portfolio
7.4.3 Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Tianhe Mechanical Equipment Main Business and Markets Served
7.4.5 Tianhe Mechanical Equipment Recent Developments/Updates
7.5 Liaoning Censcience Industry Co., Ltd
7.5.1 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Corporation Information
7.5.2 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Product Portfolio
7.5.3 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Liaoning Censcience Industry Co., Ltd Main Business and Markets Served
7.5.5 Liaoning Censcience Industry Co., Ltd Recent Developments/Updates
7.6 JIMT
7.6.1 JIMT Tunnel Boring Machine (TBM) Corporation Information
7.6.2 JIMT Tunnel Boring Machine (TBM) Product Portfolio
7.6.3 JIMT Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 JIMT Main Business and Markets Served
7.6.5 JIMT Recent Developments/Updates
7.7 Robbins
7.7.1 Robbins Tunnel Boring Machine (TBM) Corporation Information
7.7.2 Robbins Tunnel Boring Machine (TBM) Product Portfolio
7.7.3 Robbins Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Robbins Main Business and Markets Served
7.7.5 Robbins Recent Developments/Updates
7.8 Komatsu
7.8.1 Komatsu Tunnel Boring Machine (TBM) Corporation Information
7.8.2 Komatsu Tunnel Boring Machine (TBM) Product Portfolio
7.8.3 Komatsu Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Komatsu Main Business and Markets Served
7.7.5 Komatsu Recent Developments/Updates
7.9 Shanghai Tunnel Engineering Co., Ltd
7.9.1 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine (TBM) Corporation Information
7.9.2 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine (TBM) Product Portfolio
7.9.3 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shanghai Tunnel Engineering Co., Ltd Main Business and Markets Served
7.9.5 Shanghai Tunnel Engineering Co., Ltd Recent Developments/Updates
7.10 Hitachi Zosen
7.10.1 Hitachi Zosen Tunnel Boring Machine (TBM) Corporation Information
7.10.2 Hitachi Zosen Tunnel Boring Machine (TBM) Product Portfolio
7.10.3 Hitachi Zosen Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Hitachi Zosen Main Business and Markets Served
7.10.5 Hitachi Zosen Recent Developments/Updates
7.11 Kawasaki
7.11.1 Kawasaki Tunnel Boring Machine (TBM) Corporation Information
7.11.2 Kawasaki Tunnel Boring Machine (TBM) Product Portfolio
7.11.3 Kawasaki Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Kawasaki Main Business and Markets Served
7.11.5 Kawasaki Recent Developments/Updates
7.12 Terratec
7.12.1 Terratec Tunnel Boring Machine (TBM) Corporation Information
7.12.2 Terratec Tunnel Boring Machine (TBM) Product Portfolio
7.12.3 Terratec Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Terratec Main Business and Markets Served
7.12.5 Terratec Recent Developments/Updates
7.13 Xugong Kaigong
7.13.1 Xugong Kaigong Tunnel Boring Machine (TBM) Corporation Information
7.13.2 Xugong Kaigong Tunnel Boring Machine (TBM) Product Portfolio
7.13.3 Xugong Kaigong Tunnel Boring Machine (TBM) Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Xugong Kaigong Main Business and Markets Served
7.13.5 Xugong Kaigong Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Tunnel Boring Machine (TBM) Industry Chain Analysis
8.2 Tunnel Boring Machine (TBM) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Tunnel Boring Machine (TBM) Production Mode & Process
8.4 Tunnel Boring Machine (TBM) Sales and Marketing
8.4.1 Tunnel Boring Machine (TBM) Sales Channels
8.4.2 Tunnel Boring Machine (TBM) Distributors
8.5 Tunnel Boring Machine (TBM) Customers
9 Tunnel Boring Machine (TBM) Market Dynamics
9.1 Tunnel Boring Machine (TBM) Industry Trends
9.2 Tunnel Boring Machine (TBM) Market Drivers
9.3 Tunnel Boring Machine (TBM) Market Challenges
9.4 Tunnel Boring Machine (TBM) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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