The global size for Tunnel Boring Machines (TBMs) Market was USD 5.78 billion in 2021 and is expected to grow at a revenue CAGR of 5.6% over the forecast period. TBMs are sophisticated machines used for mechanical excavation of circular cross-section tunnels, and they are more efficient than traditional drilling and blasting methods. Mechanized tunnelling has become increasingly important due to the rise in underground building operations in recent years. TBMs are used for microtunneling and can drill through a variety of ground and soil types, including soft and hard rock. They significantly reduce the cost and time of tunnelling. The expansion of rail and road infrastructure is a key driver of the tunnel boring machine sector. Several countries, such as China, Japan, Italy, South Korea, Norway, Canada, Mexico, and Germany, have extensive tunnel networks.
The main advantage of TBMs is their ability to significantly reduce disruptions in excavation zones, which lowers the risk of surface sinking. Therefore, TBMs are suitable for use in heavily populated areas. Tunnel boring machines excavate tunnels equally, resulting in smooth tunnel walls that reduce the cost of the final tunnel lining. TBMs can also be used to dig non-circular tunnels, horseshoe tunnels, and square or rectangular tunnels. They can excavate tunnels in almost all types of terrain and physical conditions. TBMs have increased tunnel construction safety and enabled subterranean construction in regions where conventional technologies were impracticable.
According to the report, the worldwide tunnel boring machine market is categorized into slurry TBM, Earth pressure balance shield TBM, multi-mode TBM, and others based on machine type. In 2021, the slurry TBM category accounted for a significant revenue share due to the increasing usage of slurry TBM in the construction of tunnels on soft ground. Slurry TBMs can minimize ground settling and provide greater control of ground and groundwater pressures during excavation. These factors are expected to drive the segment's revenue growth.
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The Notable Innovation of Tunnel Boring Machine Market:
The tunnel boring machine (TBM) market has seen notable innovations in recent years. TBMs are advanced machines used for the mechanical excavation of circular cross-section tunnels that outperform traditional drilling and blasting methods. The use of TBMs has become increasingly important in the construction of underground infrastructure. These machines can dig through various types of ground and soil, including hard and soft rock, making them suitable for microtunneling as well.
One of the primary advantages of TBMs is their ability to significantly reduce disruptions in excavation zones, which can lower the risk of surface sinking. They are also suitable for use in heavily populated areas due to their ability to dig tunnels equally, resulting in smooth tunnel walls that reduce the cost of the final tunnel lining. TBMs can also be used to dig non-circular tunnels, horseshoe tunnels, and square or rectangular tunnels, making them versatile for various projects.
The TBM market is segmented by machine type into slurry TBM, Earth pressure balance shield TBM, multi-mode TBM, and others. The slurry TBM category has seen significant growth due to its increasing use in building tunnels on soft ground. Slurry TBMs can minimize ground settling and provide greater control of ground and groundwater pressures during excavation, which is projected to further boost their revenue growth.
Companies Of Tunnel Boring Machine Market include:
China Railway Construction Heavy Industry Co., Ltd., China Railway Engineering Equipment Group Co., Ltd, Dalian Huarui Heavy Industry Group Co., Ltd, Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd, Komatsu Ltd, Northern Heavy Industries Group Co., Ltd, Robbins, Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd, Bosch Rexroth AG, Mitsubishi Heavy Industries, Ltd., and The Boring Company.
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