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North America 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: TIPRE00020536 | Pages: 124 | Industry: Manufacturing and Construction | Date: Mar 2021
Covid

Market Introduction

A tunnel boring machine is used to excavate tunnels. The machine can bore through numerous ground conditions, such as soft ground, hard rock, variable, and heterogeneous ground. The tunnel diameters can range from 1 meter to ~16 meters. The machine is incorporated with an innovative navigation system to ensure that it digs precisely along the tunnel alignments. It is scrutinized 24 hours a day, seven days a week, and fully equipped with staff facilities. The machine is effective for catering smooth cut, together with constructing concrete shields around the bored tunnels. At the front end of the shield is a rotating cutting wheel, whereas behind the cutting wheel is a chamber. Tunnel boring machines are deployed in several major industries. The successful application of this machine depends on selecting a suitable equipment and cutting tools for the ground conditions to be encountered.    Rising tunnel infrastructure upgrade and increase in tunnel safety regulations are also expected to boost the growth of the North America tunnel boring machine market during the forecast period of 2020 to 2027. Also, increasing infrastructure projects related to roads is expected to create a significant demand for tunnel boring machine in the coming years, which is further anticipated to drive the North America tunnel boring machine market.

North America is severely affected by the COVID-19 pandemic. North America, particularly the US, witnessed an unprecedented rise in the number of confirmed cases resulting in large-scale lockdown across different regions and industrial activities. It is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, a huge industrial base, and the high adoption of automation in various industries, especially in developed countries such as the US and Canada. Hence, any hindrance on the growth of industries adversely affects the economic growth of the region. In January 2021, due to a pandemic, restrictions were imposed by British Columbia, Canada. Thus, it disrupted work at construction locations of a Rio Tinto hydropower project and BC Hydro’s Site C dam. The project is likely to resume operations after receiving an approval to surge the number of onsite workers to safely operate the tunnel boring machine. Moreover, the component manufacturer, supply chain, and distributor's lack of availability have significantly disrupted the production of tunnel boring machines. Thus, the market witnessed a drop in the demand from the end-users in 2020 and it is likely to recover from the impact of the COVID-19 pandemic in mid-2021.

Market Overview and Dynamics

The tunnel boring machine market in North America is expected to grow from US$ 1,448.63 million in 2019 to US$ 2,106.47 million by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The North America road infrastructure and construction industry is growing at an impressive pace due to rising population and urbanization levels, especially in the developed and developing countries of the North America. Rising government expenditure on infrastructure and swiftly growing road network expansions across all the countries are driving the North America 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 North America market.

Key Market Segments

In terms of type, the slurry TBM segment accounted for the largest share of the North America tunnel boring machine market in 2019. In terms of geology, the soft ground segment held a larger market share of the North America tunnel boring machine market in 2019. In terms of end-user, the transportation segment held a larger market share of the North America 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 North America 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.; 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 North America 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 North America tunnel boring machine market
  • Efficiently plan M&A and partnership deals in North America 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 North America tunnel boring machine market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Tunnel Boring Machine Market Segmentation

North America Tunnel Boring Machine Market - By Type

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

North America Tunnel Boring Machine Market - By Geology

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

North America Tunnel Boring Machine Market - By End-User

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

North America Tunnel Boring Machine Market - By Country

  • US
  • Canada
  • Mexico

North America Tunnel Boring Machine Market - Company Profiles

  • 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        North America Tunnel Boring Machine Market – By Type

1.3.2        North America Tunnel Boring Machine Market – By Geology

1.3.3        North America Tunnel Boring Machine Market – By End-User

1.3.4        North America Tunnel Boring Machine Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Tunnel Boring Machine Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Tunnel Boring Machine Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Infrastructure Projects Related to Roads

5.1.2        Rising Adoption of Microtunneling

5.2         Market Restraints

5.2.1        Huge Initial Investment

5.3         Future Trends

5.3.1        Technologically Enhanced Tunnel Boring Machines

5.4         Impact Analysis of Drivers and Restraints

6.           Tunnel Boring Machine Market – North America Analysis

6.1         North America Tunnel Boring Machine Market Overview

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

7.           North America Tunnel Boring Machine Market Analysis – By Type

7.1         Overview

7.2         North America 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.           North America Tunnel Boring Machine Market Analysis – By Geology

8.1         Overview

8.2         North America 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.           North America Tunnel Boring Machine Market Analysis – By End-User

9.1         Overview

9.2         North America 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.        North America Tunnel Boring Machine Market – Country Analysis

10.1      Overview

10.1.1     North America: Tunnel Boring Machine Market, By Country

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

10.1.1.1.1       US: Tunnel Boring Machine Market, By Type

10.1.1.1.2       US: Tunnel Boring Machine Market, By Geology

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

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

10.1.1.2.1       Canada: Tunnel Boring Machine Market, By Type

10.1.1.2.2       Canada: Tunnel Boring Machine Market, By Geology

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

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

10.1.1.3.1       Mexico: Tunnel Boring Machine Market, By Type

10.1.1.3.2       Mexico: Tunnel Boring Machine Market, By Geology

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

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

11.1      Overview

12.        Industry Landscape

12.1      Overview

13.        Company Profiles

13.1      Dalian Huarui Heavy Industry Group 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      Herrenknecht AG

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      Hitachi Zosen corporation

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      IHI 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      Kawasaki Heavy Industries, Ltd.

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      Komatsu 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      The Robbins Company

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      TERRATEC Ltd.

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

14.        Appendix

14.1      About The Insight Partners

             14.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

Table 10.          Mexico Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)

Table 11.            List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Tunnel Boring Machine Market Segmentation

Figure 2.           North America Tunnel Boring Machine Market Segmentation – By Country

Figure 3.           North America 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.           Mexico to Show Great Traction During Forecast Period

Figure 8.           North America PEST Analysis

Figure 9.           North America Tunnel Boring Machine Market– Ecosystem Analysis

Figure 10.        Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 30.        North America Tunnel Boring Machine Market by Key Country – Revenue (2019) (USD Million)

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

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

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

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

Figure 35.        Impact of COVID-19 Pandemic in North American Country Markets

 

  1. Dalian Huarui Heavy Industry Group Co., Ltd.
  2. Herrenknecht AG
  3. Hitachi Zosen corporation
  4. IHI Corporation
  5. Kawasaki Heavy Industries, Ltd.
  6. Komatsu Ltd.
  7. TERRATEC Ltd.
  8. The Robbins Company
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  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the tunnel boring machine market, as well as those hindering it
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