Europe 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)
Market Introduction
In Europe, the market is propelling due to increase in road infrastructure projects and deployment of microtunnels for wastewater applications. Europe is a crucial market for the future growth of the tunnel boring machine market. The region is characterized by well-developed countries—such as the UK, Germany, and France—which drive the adoption of tunnel boring machines equipped with advanced systems in road and railway tunnels. Additionally, the presence of a large number of tunnel boring machine manufacturers in this region is contributing to the increased penetration of tunnel boring machines in Europe. It is anticipated that the tunnel boring machine market in Europe would grow at a significant CAGR from 2020 to 2027. This can be attributed to growing demand for these machines from countries, such as UK, Germany, Italy, France, and Russia. Construction and transport infrastructure sectors are mounting at an impressive pace in these countries due to rise in disposable incomes, increase in urbanization, supportive government policies, and surge in number of public-private partnerships in the infrastructure sector. All these factors are anticipated to offer ample growth opportunities for tunnel boring machine market players in. Also, , microtunneling projects coming to focus is expected to create a significant demand for tunnel boring machine in the coming years, which is further anticipated to drive the Europe tunnel boring machine market.
In Europe, several countries suffered an economic hit due to a lack of revenue from various industries. Many of these member states have implemented drastic measures and travel restrictions, including partially closing their borders. This impacted market growth in Europe in 2020. The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent and more extended lockdown periods of social isolation resulting in disruption of business. European countries represent a significant market for tunnel boring machine adoption and growth due to rising investment by the government in railway and road infrastructure and tunnel automation initiatives in various countries. The lockdown has affected the tunnel infrastructure development in European countries and affected tunnel up-gradation activities, thus impacting the growth of the tunnel boring machine market in this region. In addition to this, the disruptions in raw materials and component supply from China aggravated the problems faced by tunnel boring machine manufacturers in this region. All these factors are expected to have a direct impact on the market growth in European countries. Russia, UK, Italy, Spain, and France markets witnessed worst impact in 2020 and likely till Mid-2021 also.
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Market Overview and Dynamics
The tunnel boring machine market in Europe is expected to grow from US$ 1,592.71 million in 2019 to US$ 2,370.81 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027. Technological developments are of greater use in tunnel construction since they allow easy access to construction in any ground conditions. Innovative monitors and sensors placed in the tunnel boring machines help in the smooth functioning of machines while excavating. Large diameter tunnel projects for transport infrastructures have influenced the research and development in tunnel boring machine design. Advanced machines can cope with mixed rock/ground conditions and change their operational mode depending on ground conditions. Large machines with diameters ranging from 14 to 17 meters have been manufactured and utilized across the Europe. Innovative technologies are being developed in various countries to treat the ground ahead of the machine and control the groundwater inflows. In the coming years, the trend toward the machines with large diameters and the innovations in tunnel boring machine technology will surge, which will focus on developing new and more efficient systems to treat the ground ahead of the tunnel in different geologies. Thus, these factors would open the doors for opportunities in the coming years.
Key Market Segments
In terms of type, the slurry TBM segment accounted for the largest share of the EUROPE tunnel boring machine market in 2019. In terms of geology, the soft ground segment held a larger market share of the EUROPE tunnel boring machine market in 2019. In terms of end-user, the transportation segment held a larger market share of the EUROPE 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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CREG TBM Germany GmbH; 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 Europe 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 Europe tunnel boring machine market
- Efficiently plan M&A and partnership deals in Europe 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 Europe tunnel boring machine market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe Tunnel Boring Machine Market Segmentation
Europe Tunnel Boring Machine Market - By Type
- Slurry TBM
- Earth Pressure Balance Shield TBM
- Open Gripper TBM
- Shielded TBM
- Multi-Mode TBM
- Other Types
Europe Tunnel Boring Machine Market - By Geology
- Soft Ground
- Hard Rock Ground
- Variable Ground
- Heterogeneous Ground
Europe Tunnel Boring Machine Market - By End-User
- Transportation
- Metals & Mining
- Oil & Gas
- Other End-Users
Europe Tunnel Boring Machine Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Tunnel Boring Machine Market - Company Profiles
- CREG TBM Germany GmbH
- 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 Europe Tunnel Boring Machine Market – By Type
1.3.2 Europe Tunnel Boring Machine Market – By Geology
1.3.3 Europe Tunnel Boring Machine Market – By End-User
1.3.4 Europe Tunnel Boring Machine Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Tunnel Boring Machine Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Tunnel Boring Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Road Infrastructure Projects Growing at Fast Pace
5.1.2 Microtunneling Projects Coming to Focus
5.2 Market Restraints
5.2.1 Large Primary Financial Investment
5.3 Market Opportunities
5.3.1 Rail Infrastructure Finding Pace Across European Countries
5.4 Future Trends
5.4.1 Tunnel Boring Machines Becoming Technologically Advanced
5.5 Impact Analysis of Drivers and Restraints
6. Tunnel Boring Machine Market –Europe Analysis
6.1 Europe Tunnel Boring Machine Market Overview
6.2 Europe Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
7. Europe Tunnel Boring Machine Market Analysis – By Type
7.1 Overview
7.2 Europe 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. Europe Tunnel Boring Machine Market Analysis – By Geology
8.1 Overview
8.2 Europe 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. Europe Tunnel Boring Machine Market Analysis – By End-User
9.1 Overview
9.2 Europe 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. Europe Tunnel Boring Machine Market – Country Analysis
10.1 Overview
10.1.1 Europe: Tunnel Boring Machine Market, By Country
10.1.1.1 Germany: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Tunnel Boring Machine Market, By Type
10.1.1.1.2 Germany: Tunnel Boring Machine Market, By Geology
10.1.1.1.3 Germany: Tunnel Boring Machine Market, By End-User
10.1.1.2 France: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Tunnel Boring Machine Market, By Type
10.1.1.2.2 France: Tunnel Boring Machine Market, By Geology
10.1.1.2.3 France: Tunnel Boring Machine Market, By End-User
10.1.1.3 Italy: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Tunnel Boring Machine Market, By Type
10.1.1.3.2 Italy: Tunnel Boring Machine Market, By Geology
10.1.1.3.3 Italy: Tunnel Boring Machine Market, By End-User
10.1.1.4 UK: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Tunnel Boring Machine Market, By Type
10.1.1.4.2 UK: Tunnel Boring Machine Market, By Geology
10.1.1.4.3 UK: Tunnel Boring Machine Market, By End-User
10.1.1.5 Russia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Tunnel Boring Machine Market, By Type
10.1.1.5.2 Russia: Tunnel Boring Machine Market, By Geology
10.1.1.5.3 Russia: Tunnel Boring Machine Market, By End-User
10.1.1.6 Rest of Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Tunnel Boring Machine Market, By Type
10.1.1.6.2 Rest of Europe: Tunnel Boring Machine Market, By Geology
10.1.1.6.3 Rest of Europe: Tunnel Boring Machine Market, By End-User
11. Europe Tunnel Boring Machine Market-Impact of COVID-19 Pandemic
11.1 Europe
12. Industry Landscape
12.1 Overview
13. Company Profiles
13.1 CREG TBM Germany GmbH
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. Europe Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Germany Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. France Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 7. France Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Tunnel Boring Machine Market Segmentation
Figure 2. Europe Tunnel Boring Machine Market Segmentation – By Country
Figure 3. Europe 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. Rest of Europe to Show Great Traction During Forecast Period
Figure 8. Europe PEST Analysis
Figure 9. Europe Tunnel Boring Machine Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Tunnel Boring Machine Market Impact Analysis of Drivers and Restraints
Figure 12. Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Tunnel Boring Machine Market Breakdown, by Type (2019 and 2027)
Figure 14. Europe Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Earth Pressure Balance Shield TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 16. Europe Open Gripper TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 17. Europe Shielded TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 18. Europe Multi-Mode TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 19. Europe Other Types Market Revenue and Forecast To 2027 (US$ Million)
Figure 20. Europe Tunnel Boring Machine Market Breakdown, by Geology (2019 and 2027)
Figure 21. Europe Soft Ground Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. Hard Rock Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 23. Europe Variable Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 24. Europe Heterogeneous Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 25. Europe Tunnel Boring Machine Market Breakdown, by End-User (2019 and 2027)
Figure 26. Europe Transportation Market Revenue and Forecast to 2027 (US$ Million)
Figure 27. Europe Metals & Mining Market Revenue and Forecast To 2027 (US$ Million)
Figure 28. Europe Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)
Figure 29. Europe Other End-Users Market Revenue and Forecast To 2027 (US$ Million)
Figure 30. Europe: Tunnel Boring Machine Market, by Key Country – Revenue (2019) (USD Million)
Figure 31. Europe: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
Figure 32. Germany: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. France: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Italy: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. UK: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Russia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets
- CREG TBM Germany GmbH
- 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
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