The global market for tunnel boring machines will grow;

Pune, India, March 04, 2022 (GLOBE NEWSWIRE) — The global tunnel boring machine market size is expected to increase significantly as major economies increase their infrastructure spending. Investment in infrastructure development provides indications of a nation’s economic health, as such investments are considered essential for creating employment opportunities. Emerging economies are intensively developing policies and action plans to attract investment in infrastructure projects. For example, in December 2019, India’s finance minister announced that the government would invest $1.5 trillion for infrastructure development in the country. The plan will include ongoing projects as well as pipeline projects in the road, rail and energy sectors and the private sector is expected to account for around 23% of these investments. The other Asian behemoth, China, has also announced its intention to boost its infrastructure with an injection of 163.2 billion dollars. The success of large infrastructure projects requires the use of huge machinery for operations such as tunneling, which bodes well for this market.

Fortune Business Insights™ shares the above information in its recent report, titled “Tunnel Boring Market Size, Share and Industry Analysis, By Machine Type (Slurry Type Shield Tunneling Rig, Block or Hard Rock Tunneling Rig, Specialty Shield Tunneling Rig), by Application (Traffic , utility tunnels), by end users (road transport, rail/metro transport, utilities) and regional forecasts, 2019-2026”. Other highlights of the report include:

  • Accurate calculation of market values;
  • 360 degree analysis of regional and competitive dynamics shaping the market;
  • Exhaustive study of all possible market segments; and
  • Meticulous research on the various factors driving and restraining the market.

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High Upfront Costs May Hamper Market Growth

Tunnel boring machines (TBM), or “moles”, are machines deployed for the digging of tunnels. They are cylindrical in shape, which makes it possible to perform circular section movements to cut through layers of rocks and sand. These machines have emerged as a more efficient alternative to conventional drilling and blasting, which are known to cause great disruption in the regions surrounding the mined area. However, despite these advantages, tunnel boring machines suffer from a few drawbacks. For example, the initial cost of constructing a tunnel boring machine is quite high and transporting these heavy machines to the project site only adds to this cost. These machines also consume huge amounts of energy and are not energy efficient. Additionally, tunnel boring machines are not disaster proof and, given their size and weight, any accident caused by them would be seriously damaging. For example, in 2013, Bertha, the tunnel boring machine manufactured by Hitachi Zosen, collapsed while working on the Seattle tunnel and its repairs set back the $3.2 billion project by 2 years. Thus, these shortcomings can hamper the smooth growth of this market.

Asia-Pacific will become a major revenue-generating region; Growth in Europe should remain stable

Asia-Pacific is expected to dominate the tunnel boring machine market share over the forecast period with India and China launching new infrastructure development projects. In addition, many Chinese manufacturers offer tunnel boring machines at competitive prices, which increases the potential of this market. In Europe, large-scale tunnel projects are underway, especially in hilly countries such as Italy and Spain, which feed the market in the region. The presence of global players will be the main driver of market growth in North America.

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Excavation of difficult terrain will be the area of ​​concentration for market players

One of the major trends in the tunnel boring machine market is the increasing focus of companies on exploration and excavation of difficult topographies in different countries. This helps companies expand their global footprint and deliver innovative solutions to customers.

Industry developments:

  • May 2019: US-based drilling specialist The Robbins Company successfully drilled into the perilous terrain of the Himalayas in Nepal using the Robbins Double Shield TBM, Nepal’s premier driller. The excavation is part of the Nepali government’s multipurpose Bheri Babai diversion project, which is expected to be completed by March 2020.
  • May 2019: The largest infrastructure project in The Hague, Rotterdamsebaan, has successfully reused the Mixshield tunnel boring machine manufactured by Herrenknecht AG, the German construction equipment manufacturer. The TBM was used to dig the Victoria Boogie Woogie tunnel in the Netherlands.

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Key Players Covered in the Tunnel Boring Machines Market Report:

  • The Robbins Company
  • Komatsu
  • Ishikawajima-Harima
  • Herrenknecht AG
  • Qinhuangdao Tianye Tolian Heavy Industry Co. Ltd.
  • Mitsubishi Heavy Industries, Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Hitachi Zosen Company
  • Terratec Ltd.

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