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Asia-Pacific Tunnel Boring Machine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Slurry TBM, Earth Pressure Balance Shield TBM, Open Gripper TBM, Shielded TBM, Multi-Mode TBM, and Other Types), Geology (Soft Ground, Hard Rock Ground, Variable Ground, and Heterogeneous Ground), and End-User (Transportation, Metals & Mining, Oil & Gas, and Other End-Users)

Code: TIPRE00020541 | Pages: 147 | Industry: Manufacturing and Construction | Date: Mar 2021
Covid

Market Introduction

The tunnel boring machine market in APAC has been analyzed based on historical, current, and future trends across the region. APAC is the fastest-growing region since 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. The key reason behind significant demand in the aforementioned countries is the steep rise in government investment for 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. The MRTS network is a mix of at grade, elevated, and underground. 190 km of the metro network was operational, out of which 48 km was underground. 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. Rising rail infrastructure enhancement across APAC countries is expected to create a significant demand for tunnel boring machine in the coming years, which is further anticipated to drive the APAC tunnel boring machine market.

The coronavirus epidemic pushed lockdowns across APAC countries after March 2019, paralyzing economic activity throughout the region as factories shut, resulting in manufacturing a pause. The region constitutes the world’s two most populated countries and manufacturing hubs across India and China. China virtually imposed strict lockdown and social isolation, which stopped manufacturing and producing various machinery for several weeks resulting in shrinking its country economy. Moreover, the country also isolated its import and export of critical raw materials and equipment for many industries impacting the supply chain of numerous end-users. Also, India imposed a nationwide lockdown to control the growing number of COVID-19 cases. Subsequently, the lockdown and disruption of various industrial machines across China and India have negatively impacted the market growth across the APAC in 2020. APAC is a crucial region for the growth of the construction and infrastructure industry due to various developing countries such as China, India, and Southeast Asian countries. Due to the COVID-19 outbreak, the construction and infrastructure activities have seen a sharp decline, with multiple projects on hold and labor unavailability due to movement restrictions in various countries. The government of various countries is taking drastic measures to reduce the effects coronavirus outbreak by announcing lockdowns, travel, and trade bans. All these measures are expected to have a negative impact on the demand for tunnel boring machines in this region till Mid-2021.

Market Overview and Dynamics

The tunnel boring machine market in APAC is expected to grow from US$ 2,509.75 million in 2019 to US$ 4,027.81 million by 2027; it is estimated to grow at a CAGR of 6.5% from 2020 to 2027. The APAC road infrastructure and construction industry are growing at an impressive pace due to rising population and urbanization levels, especially in the developed and developing countries of APAC. Rising government expenditure on infrastructure and swiftly growing road network expansions across all the countries are driving the APAC market. Spending on new transport infrastructure in various potential countries and upgrade of existing infrastructure are fueling the demand for tunnel boring machines. Infrastructure upgrading activities, development of smart cities, and rise in trend of tunnel automation are some of the major factors fueling the APAC market. Several governments of major countries are involved in designing tunnels for smooth road transport and reduced travel times.    

Key Market Segments

In terms of type, the slurry TBM segment accounted for the largest share of the APAC tunnel boring machine market in 2019. In terms of geology, the soft ground segment held a larger market share of the APAC tunnel boring machine market in 2019. In terms of end-user, the transportation segment held a larger market share of the APAC tunnel boring machine market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the tunnel boring machine market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are China Railway Construction Heavy Industry Co., Ltd.; Dalian Huarui Heavy Industry Group Co., Ltd.; Herrenknecht AG; Hitachi Zosen corporation; IHI Corporation; Kawasaki Heavy Industries, Ltd.; Komatsu Ltd.; TERRATEC Ltd.; The Robbins Company.

Reasons to buy report

  • To understand the APAC tunnel boring machine market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC tunnel boring machine market
  • Efficiently plan M&A and partnership deals in APAC tunnel boring machine market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC tunnel boring machine market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Tunnel Boring Machine Market Segmentation

APAC Tunnel Boring Machine Market - By Type

  • Slurry TBM
  • Earth Pressure Balance Shield TBM
  • Open Gripper TBM
  • Shielded TBM
  • Multi-Mode TBM
  • Other Types

APAC Tunnel Boring Machine Market - By Geology

  • Soft Ground
  • Hard Rock Ground
  • Variable Ground
  • Heterogeneous Ground

APAC Tunnel Boring Machine Market - By End-User

  • Transportation
  • Metals & Mining
  • Oil & Gas
  • Other End-Users

APAC Tunnel Boring Machine Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC  

APAC Tunnel Boring Machine Market - Company Profiles

  • China Railway Construction Heavy Industry Co., Ltd.
  • Dalian Huarui Heavy Industry Group Co., Ltd.
  • Herrenknecht AG
  • Hitachi Zosen corporation
  • IHI Corporation
  • Kawasaki Heavy Industries, Ltd.
  • Komatsu Ltd.
  • TERRATEC Ltd.
  • The Robbins Company
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        AAPC Tunnel Boring Machine Market – By Type

1.3.2        APAC Tunnel Boring Machine Market – By Geology

1.3.3        APAC Tunnel Boring Machine Market – By End-User

1.3.4        APAC Tunnel Boring Machine Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Tunnel Boring Machine Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Tunnel Boring Machine Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Infrastructure Projects on a Rise

5.1.2        Microtunneling Becoming More Common

5.2         Market Restraints

5.2.1        Considerable Huge Financial Expenditure

5.3         Market Opportunities

5.3.1        Rising Rail Infrastructure Enhancement Across APAC Countries

5.4         Future Trends

5.4.1        Tunnel Boring Machines with Improved Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Tunnel Boring Machine Market – APAC Analysis

6.1         APAC Tunnel Boring Machine Market Overview

6.2         APAC Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)

7.           APAC Tunnel Boring Machine Market Analysis – By Type

7.1         Overview

7.2         APAC Tunnel Boring Machine Market Breakdown, by Type, 2019 & 2027

7.3         Slurry TBM

7.3.1        Overview

7.3.2        Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)

7.4         Earth Pressure Balance Shield TBM

7.4.1        Overview

7.4.2        Earth Pressure Balance Shield TBM Market Revenue and Forecast to 2027 (US$ Million)

7.5         Open Gripper TBM

7.5.1        Overview

7.5.2        Open Gripper TBM Market Revenue and Forecast to 2027 (US$ Million)

7.6         Shielded TBM

7.6.1        Overview

7.6.2        Shielded TBM Market Revenue and Forecast to 2027 (US$ Million)

7.7         Multi-Mode TBM

7.7.1        Overview

7.7.2        Multi-Mode TBM Market Revenue and Forecast to 2027 (US$ Million)

7.8         Other Types

7.8.1        Overview

7.8.2        Other Types Market Revenue and Forecast to 2027 (US$ Million)

8.           APAC Tunnel Boring Machine Market Analysis – By Geology

8.1         Overview

8.2         APAC Tunnel Boring Machine Market Breakdown, by Geology, 2019 & 2027

8.3         Soft Ground

8.3.1        Overview

8.3.2        Soft Ground Market Revenue and Forecast to 2027 (US$ Million)

8.4         Hard Rock Ground

8.4.1        Overview

8.4.2        Hard Rock Ground Market Revenue and Forecast to 2027 (US$ Million)

8.5         Variable Ground

8.5.1        Overview

8.5.2        Variable Ground Market Revenue and Forecast to 2027 (US$ Million)

8.6         Heterogeneous Ground

8.6.1        Overview

8.6.2        Heterogeneous Ground Market Revenue and Forecast to 2027 (US$ Million)

9.           APAC Tunnel Boring Machine Market Analysis – By End-User

9.1         Overview

9.2         APAC Tunnel Boring Machine Market Breakdown, by End-User, 2019 & 2027

9.3         Transportation

9.3.1        Overview

9.3.2        Transportation Market Revenue and Forecast to 2027 (US$ Million)

9.4         Metals & Mining

9.4.1        Overview

9.4.2        Metals & Mining Market Revenue and Forecast to 2027 (US$ Million)

9.5         Oil & Gas

9.5.1        Overview

9.5.2        Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)

9.6         Other End-Users

9.6.1        Overview

9.6.2        Other End-Users Market Revenue and Forecast to 2027 (US$ Million)

10.        APAC Tunnel Boring Machine Market – Country Analysis

10.1      Overview

10.1.1     APAC: Tunnel Boring Machine Market, By Country

10.1.1.1       China: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       China: Tunnel Boring Machine Market, By Type

10.1.1.1.2       China: Tunnel Boring Machine Market, By Geology

10.1.1.1.3       China: Tunnel Boring Machine Market, By End-User

10.1.1.2       India: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       India: Tunnel Boring Machine Market, By Type

10.1.1.2.2       India: Tunnel Boring Machine Market, By Geology

10.1.1.2.3       India: Tunnel Boring Machine Market, By End-User

10.1.1.3       Japan: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Japan: Tunnel Boring Machine Market, By Type

10.1.1.3.2       Japan: Tunnel Boring Machine Market, By Geology

10.1.1.3.3       Japan: Tunnel Boring Machine Market, By End-User

10.1.1.4       South Korea: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1       South Korea: Tunnel Boring Machine Market, By Type

10.1.1.4.2       South Korea: Tunnel Boring Machine Market, By Geology

10.1.1.4.3       South Korea: Tunnel Boring Machine Market, By End-User

10.1.1.5       Australia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.5.1       Australia: Tunnel Boring Machine Market, By Type

10.1.1.5.2       Australia: Tunnel Boring Machine Market, By Geology

10.1.1.5.3       Australia: Tunnel Boring Machine Market, By End-User

10.1.1.6       Rest of APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.6.1       Rest of APAC: Tunnel Boring Machine Market, By Type

10.1.1.6.2       Rest of APAC: Tunnel Boring Machine Market, By Geology

10.1.1.6.3       Rest of APAC: Tunnel Boring Machine Market, By End-User

11.        APAC Tunnel Boring Machine Market-Impact of COVID-19 Pandemic

11.1      APAC

12.        Industry Landscape

12.1      Overview

13.        Company Profiles

13.1      China Railway Construction Heavy Industry Co., Ltd.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Dalian Huarui Heavy Industry Group Co., Ltd.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Herrenknecht AG

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Hitachi Zosen corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      IHI Corporation

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Kawasaki Heavy Industries, Ltd.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Komatsu Ltd.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      The Robbins Company

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      TERRATEC Ltd.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

             14.2      Word Index

LIST OF TABLES

Table 1.             APAC Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             China Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             China Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 4.             China Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 5.             India Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 6.             India Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 7.             India Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 13.          South Korea Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Australia Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 15.          Australia Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 16.          Australia Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 17.          Rest of APAC Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 18.          Rest of APAC Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)

Table 20.            List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Tunnel Boring Machine Market Segmentation

Figure 2.           APAC Tunnel Boring Machine Market Segmentation – By Country

Figure 3.           APAC Tunnel Boring Machine Market Overview

Figure 4.           Slurry TBM Segment Held the Largest Market Share in 2019

Figure 5.           Soft Ground Segment Held the Largest Market Share in 2019

Figure 6.           Transportation Segment Held the Largest Market Share in 2019

Figure 7.           India to Show Great Traction During Forecast Period

Figure 8.           APAC PEST Analysis

Figure 9.           APAC Tunnel Boring Machine Market– Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        APAC Tunnel Boring Machine Market Impact Analysis of Drivers and Restraints

Figure 12.        APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        APAC Tunnel Boring Machine Market Breakdown, by Type (2019 and 2027)

Figure 14.        APAC Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Earth Pressure Balance Shield TBM Market Revenue and Forecast To 2027 (US$ Million)

Figure 16.        Open Gripper TBM Market Revenue and Forecast To 2027 (US$ Million)

Figure 17.        APAC Shielded TBM Market Revenue and Forecast To 2027 (US$ Million)

Figure 18.        APAC Multi-Mode TBM Market Revenue and Forecast To 2027 (US$ Million)

Figure 19.        APAC Other Types Market Revenue and Forecast To 2027 (US$ Million)

Figure 20.        APAC Tunnel Boring Machine Market Breakdown, by Geology (2019 and 2027)

Figure 21.        APAC Soft Ground Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC Hard Rock Ground Market Revenue and Forecast To 2027 (US$ Million)

Figure 23.        APAC Variable Ground Market Revenue and Forecast To 2027 (US$ Million)

Figure 24.        APAC Heterogeneous Ground Market Revenue and Forecast To 2027 (US$ Million)

Figure 25.        APAC Tunnel Boring Machine Market Breakdown, by End-User (2019 and 2027)

Figure 26.        APAC Transportation Market Revenue and Forecast to 2027 (US$ Million)

Figure 27.        APAC Metals & Mining Market Revenue and Forecast To 2027 (US$ Million)

Figure 28.        APAC Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)

Figure 29.        APAC Other End-Users Market Revenue and Forecast To 2027 (US$ Million)

Figure 30.        APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)

Figure 31.        APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)

Figure 32.        China: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        India: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Japan: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.        South Korea: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 36.        Australia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.        Rest of APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38.           Impact of COVID-19 Pandemic in APAC Country Markets

  1. China Railway Construction Heavy Industry Co., Ltd.
  2. Dalian Huarui Heavy Industry Group Co., Ltd.
  3. Herrenknecht AG
  4. Hitachi Zosen corporation
  5. IHI Corporation
  6. Kawasaki Heavy Industries, Ltd.
  7. Komatsu Ltd.
  8. TERRATEC Ltd.
  9. The Robbins Company
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC tunnel boring machine market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC tunnel boring machine market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the tunnel boring machine market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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