Europe Tunnel Boring Machine Market is expected to reach US$ 2,370.81 million by 2027

Soft Ground Segment to Dominate Europe Tunnel Boring Machine Market during 2019–2027

According to The Insight Partners market research study on “Europe Tunnel Boring Machine Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, Geology, and End-User” is expected to reach US$ 2,370.81 million by 2027 from US$ 1,592.71 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the Europe tunnel boring machine market along with the drivers and restraints pertaining to the market growth. Microtunneling projects coming to focus is the major factor driving the growth of the Europe tunnel boring machine market. However, issues associated with large primary financial investment hinders the growth of Europe tunnel boring machine market.

The Europe tunnel boring machine market is segmented into type, geology, end-user, and country. Based on type, the market is segmented into slurry TBM, earth pressure balance shield, open gripper, shielded, multi-mode, and others. Slurry TBM segment held the largest market share of Europe tunnel boring machine market in 2019. In terms of geology, the market is divided into soft ground, hard rock ground, variable ground, and heterogeneous ground. Soft ground segment held the largest market share of Europe tunnel boring machine market in 2019. Based on end-user, the tunnel boring machine market is segmented into transportation, metals & mining, oil & gas, and others. Transportation segment held the largest market share of Europe tunnel boring machine market in 2019.

In Europe, several countries suffered an economic hit due to a lack of revenue from various industries. Many of these member states have implemented drastic measures and travel restrictions, including partially closing their borders. This impacted market growth in Europe in 2020. The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent and more extended lockdown periods of social isolation resulting in disruption of business. European countries represent a significant market for tunnel boring machine adoption and growth due to rising investment by the government in railway and road infrastructure and tunnel automation initiatives in various countries. The lockdown has affected the tunnel infrastructure development in European countries and affected tunnel up-gradation activities, thus impacting the growth of the tunnel boring machine market in this region. In addition to this, the disruptions in raw materials and component supply from China aggravated the problems faced by tunnel boring machine manufacturers in this region. All these factors are expected to have a direct impact on the market growth in European countries. Russia, UK, Italy, Spain, and France markets witnessed worst impact in 2020 and likely till Mid-2021 also.

CREG TBM Germany GmbH; 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 are among the leading companies in the Europe tunnel boring machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, the largest tunnel boring machine by Herrenknecht AG ever used in Europe successfully completed its drive in June. The supersize borer (Earth Pressure Balance Shield, diameter 15.87 meters) manufactured by Herrenknecht.

The report segments the Europe Tunnel Boring Machine Market follows:

Europe Tunnel Boring Machine Market – By Type

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

Europe Tunnel Boring Machine Market – By Geology

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

Europe Tunnel Boring Machine Market – By End-User

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

 Europe Tunnel Boring Machine Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe