Tunnel Boring Machine Industry Statistics

In this post, we will explore the dynamic landscape of the global Tunnel Boring Machine (TBM) industry, analyzing key statistics shaping the market. From market size and growth projections to notable players and regional trends, the data presented offers valuable insights into the future trajectory of TBM technology worldwide.

Statistic 1

"The global Tunnel Boring Machine (TBM) market size was valued at USD 3.83 billion in 2019."

Statistic 2

"The worldwide market for TBM is expected to grow at a CAGR of roughly 2.9% over the next five years, reaching $4.45 billion by 2024."

Statistic 3

"Biggest diameter tunnel boring machine ever made had a diameter of 17.6 m or 57.5 ft."

Statistic 4

"Tunnel-tube proofing method segment in Tunnel Boring Machine market is expected to reflect a value of over $2.3 billion by 2026."

Statistic 5

"The earth pressure balance tunnel boring machine (TBM) market stood at around $2,400 Million in 2018."

Statistic 6

"Slurry TBM Market forecasted to grow at a CAGR of 6.0% during 2021-2026."

Statistic 7

"Shield tunneling accounts for 48.66% of the global TBM market, reaching US$1.86 billion in 2019."

Statistic 8

"European tunnel boring machine market will reach about 929.38 Million USD by 2023 from 844.03 Million USD in 2017."

Statistic 9

"In 2019, North America had the second largest market share of 21.9% in the TBM market."

Statistic 10

"Robbins Company, an American manufacturer, is recognized for producing approximately 70% of the TBMs used for the United States part of the Channel Tunnel."

Statistic 11

"In 2019, Herrenknecht AG, a German TBM manufacturer, held the largest share of the TBM market."

Statistic 12

"The TBM market size in China amounted to USD 400.01 million in 2019."

Statistic 13

"TBM market size in Middle East & Africa expected to register a CAGR of 3.3% between 2020-2027."

Statistic 14

"By 2032, hard rock tunnel boring machine owned by municipalities, large and small companies is expected to reach around US$ 440 million."

Statistic 15

"The TBM's main beam market is estimated to account for a significant revenue share of 62.9% in 2020 and is expected to register a CAGR of over 3.7% between 2020-2030."

Statistic 16

"The Segmented TBM type is foreseen to record fastest growth during 2021-2026."

Statistic 17

"Region-wise, Europe and USA held considerable market share of 29% and 19% respectively in TBM Market in 2020."

The global Tunnel Boring Machine (TBM) market is experiencing steady growth, with the market size expected to reach $4.45 billion by 2024 at a CAGR of 2.9%. Various segments within the TBM industry, such as tunnel-tube proofing methods and earth pressure balance TBMs, are projected to show substantial growth in the coming years. Notable players like Robbins Company and Herrenknecht AG are dominating the market, while regions like Europe and North America are significant contributors to the global TBM market share. With innovations in TBM technology and increasing infrastructure projects worldwide, the TBM industry is poised for continuous expansion in the foreseeable future.