Middle East & Africa Tunnel Boring Machine Market

Market Introduction

The MEA includes South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region is projected to have a rapid rise in urbanization and industrialization, which would further drive the growth of diverse industries. The Gulf Countries Council is planning various strategies to encourage collaboration, enhance innovation, streamline transportation, and improve their national economies. Consequently, it creates several opportunities to augment the infrastructure across the region. As per the tunneling tradition, the tunnel boring machine cannot commence work on a new project until it has been given a name, as it is considered the sign of good luck for the project ahead. Thus, the region is set to name several tunnel boring machines as the MEA is rapidly becoming a key market for tunneling and drilling equipment. As the MEA region is growing swiftly, major cities are becoming congested, and there is a surge in infrastructure construction. To meet the rising demand for infrastructure and address spatial limitations in developed cities, there is an increase in construction of tunnels. The transportation sector across the region is witnessing an unprecedented transformation. The adoption of smart city initiatives is also driving the market in the region. Thus, increasing demand for tunnel boring machines across the region is anticipated to bolster the market growth during the forecast period. Tunnel boring machines coming up with advanced technology is expected to create a significant demand for tunnel boring machine in the coming years, which is further anticipated to drive the MEA tunnel boring machine market.

The COVID-19 pandemic has adversely affected MEA. Iran and South Africa have the highest number of the COVID-19 positive cases in the MEA. The majority of the businesses in these countries have come to a halt and are expected to continue slower than usual pace. The countries are taking significant containment measures to control the spread of the virus. The COVID-19 pandemic in the Gulf Cooperation Council (GCC) is happening against already bleak economic conditions, in which consumer confidence has been weakening for the past few years owing to sluggish GDP growth, regional turbulence, and oil price declines. The region comprises many growing economies, such as UAE, that are prospective markets for tunnel boring machine providers due to the growing construction and infrastructure industry. Countries such as Dubai are at the forefront of technology adoption in various industries, including transportation. The demand for tunnel automation in Dubai is quite high, and the COVID-19 outbreak may hinder the demand till mid-2021 due to a decline in new infrastructure projects and activities.   

Market Overview and Dynamics

The tunnel boring machine market in MEA is expected to grow from US$ 257.61 million in 2019 to US$ 338.06 million by 2027; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. Tunnel boring machines usually have diameters from 5–17 meters. Microtunnel boring machines are smaller, with an excavation diameter of ~4 meters. At present, microtunnel activities are widely used to construct several kilometers of underground infrastructure. It is considered a fast alternative to traditional pipe installation systems. It is an automated process of boring and pipe installation used for excavation utility facilities, such as wastewater, freshwater, oil & gas, communications, and electricity. These machines are rising since they create less environmental impact compared to conventional excavation methods. Microtunnels have grown in MEA to replace aging infrastructure. The requirement for enhanced infrastructure across MEA is robust and stronger as the existing utility systems are aging. Thus, the region is highly focused on investing in microtunneling projects to meet the growing requirements of infrastructure.    

Key Market Segments

In terms of type, the slurry TBM segment accounted for the largest share of the MEA tunnel boring machine market in 2019. In terms of geology, the soft ground segment held a larger market share of the MEA tunnel boring machine market in 2019. In terms of end-user, the transportation segment held a larger market share of the MEA 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dalian Huarui Heavy Industry Group Co., Ltd.; Hitachi Zosen corporation; IHI Corporation; Kawasaki Heavy Industries, Ltd.; Komatsu Ltd.; and TERRATEC Ltd.

Reasons to buy report

• To understand the MEA 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 MEA tunnel boring machine market
• Efficiently plan M&A and partnership deals in MEA 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 MEA tunnel boring machine market
• Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.

MEA Tunnel Boring Machine Market Segmentation

MEA Tunnel Boring Machine Market - By Type

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

MEA Tunnel Boring Machine Market - By Geology

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

MEA Tunnel Boring Machine Market - By End-User

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

MEA Tunnel Boring Machine Market - By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA  

MEA Tunnel Boring Machine Market - Company Profiles

• Dalian Huarui Heavy Industry Group Co., Ltd.
• Hitachi Zosen corporation
• IHI Corporation
• Kawasaki Heavy Industries, Ltd.
• Komatsu Ltd.
• TERRATEC Ltd.

Middle East & Africa Tunnel Boring Machine Market Strategic Insights

Middle East & Africa Tunnel Boring Machine Market Segmentation Analysis

Middle East & Africa Tunnel Boring Machine Market Report Highlights

Middle East & Africa Tunnel Boring Machine Report Scope

Middle East & Africa Tunnel Boring Machine Market Country and Regional Insights