Europe Tunnel Boring Machine Market to Grow at a CAGR of 5.5% to reach US$ 2,370.81 million from 2020 to 2027
The tunnel boring machine market in Europe is expected to grow from US$ 1,592.71 million in 2019 to US$ 2,370.81 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027.
The UK, France, Germany, Italy, and Russia are major economies in Europe. Microtunneling projects coming to focus is driving the Europe tunnel boring machine market. Tunnel boring machines usually have diameters from 5–17 meters. Microtunnel boring machines are smaller, with an excavation diameter of ~4 meters. At present, microtunnel activities are widely used to construct several kilometers of underground infrastructure. It is considered a fast alternative to traditional pipe installation systems. It is an automated process of boring and pipe installation used for excavation utility facilities, such as wastewater, freshwater, oil & gas, communications, and electricity. These machines are rising worldwide since they create less environmental impact compared to conventional excavation methods. Microtunnels have grown in Europe to replace aging infrastructure in the UK. The requirement for enhanced infrastructure across Europe is robust and stronger as the existing utility systems are aging. Thus, the region is highly focused on investing in microtunneling projects to meet the growing requirements of infrastructure. For example, feeder No 2 at Westminster Boulevard project for the West Orange County Water Board includes a 345-lf microtunnel drive of 42 inches. It was valued at US$ 737,000. The microtunnel was deployed in soils consisting of weak silt with clay and the potential for peat. It was ~8 ft below the groundwater table. The project was completed in July 2018.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe tunnel boring machine market. The Europe tunnel boring machine market is expected to grow at a good CAGR during the forecast period.
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Europe Tunnel Boring Machine Market Segmentation
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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
Europe Tunnel Boring Machine Market - Companies Mentioned
- 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Geology, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Tunnel Boring Machine Market – By Type
1.3.2 Europe Tunnel Boring Machine Market – By Geology
1.3.3 Europe Tunnel Boring Machine Market – By End-User
1.3.4 Europe Tunnel Boring Machine Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Tunnel Boring Machine Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Tunnel Boring Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Road Infrastructure Projects Growing at Fast Pace
5.1.2 Microtunneling Projects Coming to Focus
5.2 Market Restraints
5.2.1 Large Primary Financial Investment
5.3 Market Opportunities
5.3.1 Rail Infrastructure Finding Pace Across European Countries
5.4 Future Trends
5.4.1 Tunnel Boring Machines Becoming Technologically Advanced
5.5 Impact Analysis of Drivers and Restraints
6. Tunnel Boring Machine Market –Europe Analysis
6.1 Europe Tunnel Boring Machine Market Overview
6.2 Europe Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
7. Europe Tunnel Boring Machine Market Analysis – By Type
7.1 Overview
7.2 Europe 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. Europe Tunnel Boring Machine Market Analysis – By Geology
8.1 Overview
8.2 Europe 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. Europe Tunnel Boring Machine Market Analysis – By End-User
9.1 Overview
9.2 Europe 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. Europe Tunnel Boring Machine Market – Country Analysis
10.1 Overview
10.1.1 Europe: Tunnel Boring Machine Market, By Country
10.1.1.1 Germany: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Tunnel Boring Machine Market, By Type
10.1.1.1.2 Germany: Tunnel Boring Machine Market, By Geology
10.1.1.1.3 Germany: Tunnel Boring Machine Market, By End-User
10.1.1.2 France: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Tunnel Boring Machine Market, By Type
10.1.1.2.2 France: Tunnel Boring Machine Market, By Geology
10.1.1.2.3 France: Tunnel Boring Machine Market, By End-User
10.1.1.3 Italy: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Tunnel Boring Machine Market, By Type
10.1.1.3.2 Italy: Tunnel Boring Machine Market, By Geology
10.1.1.3.3 Italy: Tunnel Boring Machine Market, By End-User
10.1.1.4 UK: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Tunnel Boring Machine Market, By Type
10.1.1.4.2 UK: Tunnel Boring Machine Market, By Geology
10.1.1.4.3 UK: Tunnel Boring Machine Market, By End-User
10.1.1.5 Russia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Tunnel Boring Machine Market, By Type
10.1.1.5.2 Russia: Tunnel Boring Machine Market, By Geology
10.1.1.5.3 Russia: Tunnel Boring Machine Market, By End-User
10.1.1.6 Rest of Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Tunnel Boring Machine Market, By Type
10.1.1.6.2 Rest of Europe: Tunnel Boring Machine Market, By Geology
10.1.1.6.3 Rest of Europe: Tunnel Boring Machine Market, By End-User
11. Europe Tunnel Boring Machine Market-Impact of COVID-19 Pandemic
11.1 Europe
12. Industry Landscape
12.1 Overview
13. Company Profiles
13.1 CREG TBM Germany GmbH
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 Dalian Huarui Heavy Industry Group Co., Ltd.
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 Herrenknecht AG
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 Hitachi Zosen 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 IHI Corporation
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 Kawasaki Heavy Industries, 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 Komatsu Ltd.
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 The Robbins Company
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
13.9 TERRATEC Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Germany Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. France Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 7. France Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Tunnel Boring Machine Market Segmentation
Figure 2. Europe Tunnel Boring Machine Market Segmentation – By Country
Figure 3. Europe 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. Rest of Europe to Show Great Traction During Forecast Period
Figure 8. Europe PEST Analysis
Figure 9. Europe Tunnel Boring Machine Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Tunnel Boring Machine Market Impact Analysis of Drivers and Restraints
Figure 12. Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Tunnel Boring Machine Market Breakdown, by Type (2019 and 2027)
Figure 14. Europe Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Earth Pressure Balance Shield TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 16. Europe Open Gripper TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 17. Europe Shielded TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 18. Europe Multi-Mode TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 19. Europe Other Types Market Revenue and Forecast To 2027 (US$ Million)
Figure 20. Europe Tunnel Boring Machine Market Breakdown, by Geology (2019 and 2027)
Figure 21. Europe Soft Ground Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. Hard Rock Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 23. Europe Variable Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 24. Europe Heterogeneous Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 25. Europe Tunnel Boring Machine Market Breakdown, by End-User (2019 and 2027)
Figure 26. Europe Transportation Market Revenue and Forecast to 2027 (US$ Million)
Figure 27. Europe Metals & Mining Market Revenue and Forecast To 2027 (US$ Million)
Figure 28. Europe Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)
Figure 29. Europe Other End-Users Market Revenue and Forecast To 2027 (US$ Million)
Figure 30. Europe: Tunnel Boring Machine Market, by Key Country – Revenue (2019) (USD Million)
Figure 31. Europe: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
Figure 32. Germany: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. France: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Italy: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. UK: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Russia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of Europe: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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