The tunnel boring machine market in APAC is expected to grow from US$ 2,509.75 million in 2019 to US$ 4,027.81 million by 2027; it is estimated to grow at a CAGR of 6.5% from 2020 to 2027.
Australia, China, India, Japan, and South Korea are major economies in APAC. Rising rail infrastructure enhancement across APAC countries is driving the APAC tunnel boring machine market. Tunnels are also widely used for rail transportation in subways and metros across various APAC countries. Proper construction, management, and maintenance of tunnel systems include monitoring of multiple parameters, such as ventilation, lighting, signaling, gas concentration, air velocity & direction, temperature, and emergency response. Several developed economies, such as Japan and Singapore, and emerging economies—such as China, India, Vietnam, Malaysia, and Indonesia—are experiencing a growth in the railway industry; thus, the demand for tunnel boring machines in the region is expected to increase. Governments across the region are involved in investing in rail infrastructure that comprises various tunnels in the route and is well equipped with smart devices. For example, in May 2019, a tunnel boring machine was deployed in the Bandung high-speed train project, Jakarta. The speed train is equipped with transit-oriented development to create new economic centers. The project is likely to be finished in 2021. The tunnel boring machine is imported from China and was arrived at Tunnel #1 Halim at the 3+600 km point in Jakarta, Indonesia. Hence, rising rail projects in developed and developing countries and increasing investments in new infrastructure development are some of the key factors expected to offer ample growth opportunities to market players operating in the APAC tunnel boring machine market during the forecast period.
The coronavirus epidemic pushed lockdowns across APAC countries after March 2019, paralyzing economic activity throughout the region as factories shut, resulting in manufacturing a pause. The region constitutes the world’s two most populated countries and manufacturing hubs across India and China. China virtually imposed strict lockdown and social isolation, which stopped manufacturing and producing various machinery for several weeks resulting in shrinking its country economy. Moreover, the country also isolated its import and export of critical raw materials and equipment for many industries impacting the supply chain of numerous end-users. Also, India imposed a nationwide lockdown to control the growing number of COVID-19 cases. Subsequently, the lockdown and disruption of various industrial machines across China and India have negatively impacted the market growth across the APAC in 2020. APAC is a crucial region for the growth of the construction and infrastructure industry due to various developing countries such as China, India, and Southeast Asian countries. Due to the COVID-19 outbreak, the construction and infrastructure activities have seen a sharp decline, with multiple projects on hold and labor unavailability due to movement restrictions in various countries. The government of various countries is taking drastic measures to reduce the effects coronavirus outbreak by announcing lockdowns, travel, and trade bans. All these measures are expected to have a negative impact on the demand for tunnel boring machines in this region till Mid-2021.
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 APAC tunnel boring machine market. The APAC tunnel boring machine market is expected to grow at a good CAGR during the forecast period.
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APAC Tunnel Boring Machine Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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APAC Tunnel Boring Machine Market – By Type
- Slurry TBM
- Earth Pressure Balance Shield TBM
- Open Gripper TBM
- Shielded TBM
- Multi-Mode TBM
- Other Types
APAC Tunnel Boring Machine Market – By Geology
- Soft Ground
- Hard Rock Ground
- Variable Ground
- Heterogeneous Ground
APAC Tunnel Boring Machine Market – By End-User
- Transportation
- Metals & Mining
- Oil & Gas
- Other End-Users
APAC Tunnel Boring Machine Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Tunnel Boring Machine Market - Companies Mentioned
- China Railway Construction Heavy Industry Co., Ltd.
- 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
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 AAPC Tunnel Boring Machine Market – By Type
1.3.2 APAC Tunnel Boring Machine Market – By Geology
1.3.3 APAC Tunnel Boring Machine Market – By End-User
1.3.4 APAC Tunnel Boring Machine Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Tunnel Boring Machine Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Tunnel Boring Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Infrastructure Projects on a Rise
5.1.2 Microtunneling Becoming More Common
5.2 Market Restraints
5.2.1 Considerable Huge Financial Expenditure
5.3 Market Opportunities
5.3.1 Rising Rail Infrastructure Enhancement Across APAC Countries
5.4 Future Trends
5.4.1 Tunnel Boring Machines with Improved Technology
5.5 Impact Analysis of Drivers and Restraints
6. Tunnel Boring Machine Market – APAC Analysis
6.1 APAC Tunnel Boring Machine Market Overview
6.2 APAC Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
7. APAC Tunnel Boring Machine Market Analysis – By Type
7.1 Overview
7.2 APAC 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. APAC Tunnel Boring Machine Market Analysis – By Geology
8.1 Overview
8.2 APAC 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. APAC Tunnel Boring Machine Market Analysis – By End-User
9.1 Overview
9.2 APAC 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. APAC Tunnel Boring Machine Market – Country Analysis
10.1 Overview
10.1.1 APAC: Tunnel Boring Machine Market, By Country
10.1.1.1 China: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 China: Tunnel Boring Machine Market, By Type
10.1.1.1.2 China: Tunnel Boring Machine Market, By Geology
10.1.1.1.3 China: Tunnel Boring Machine Market, By End-User
10.1.1.2 India: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 India: Tunnel Boring Machine Market, By Type
10.1.1.2.2 India: Tunnel Boring Machine Market, By Geology
10.1.1.2.3 India: Tunnel Boring Machine Market, By End-User
10.1.1.3 Japan: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Japan: Tunnel Boring Machine Market, By Type
10.1.1.3.2 Japan: Tunnel Boring Machine Market, By Geology
10.1.1.3.3 Japan: Tunnel Boring Machine Market, By End-User
10.1.1.4 South Korea: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 South Korea: Tunnel Boring Machine Market, By Type
10.1.1.4.2 South Korea: Tunnel Boring Machine Market, By Geology
10.1.1.4.3 South Korea: Tunnel Boring Machine Market, By End-User
10.1.1.5 Australia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Australia: Tunnel Boring Machine Market, By Type
10.1.1.5.2 Australia: Tunnel Boring Machine Market, By Geology
10.1.1.5.3 Australia: Tunnel Boring Machine Market, By End-User
10.1.1.6 Rest of APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Tunnel Boring Machine Market, By Type
10.1.1.6.2 Rest of APAC: Tunnel Boring Machine Market, By Geology
10.1.1.6.3 Rest of APAC: Tunnel Boring Machine Market, By End-User
11. APAC Tunnel Boring Machine Market-Impact of COVID-19 Pandemic
11.1 APAC
12. Industry Landscape
12.1 Overview
13. Company Profiles
13.1 China Railway Construction Heavy Industry Co., Ltd.
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. APAC Tunnel Boring Machine Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. China Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. China Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 4. China Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. India Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. India Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 7. India Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 10. Japan Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. South Korea Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Australia Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Australia Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 16. Australia Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC Tunnel Boring Machine Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC Tunnel Boring Machine Market, By Geology – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC Tunnel Boring Machine Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Tunnel Boring Machine Market Segmentation
Figure 2. APAC Tunnel Boring Machine Market Segmentation – By Country
Figure 3. APAC 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. India to Show Great Traction During Forecast Period
Figure 8. APAC PEST Analysis
Figure 9. APAC Tunnel Boring Machine Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. APAC Tunnel Boring Machine Market Impact Analysis of Drivers and Restraints
Figure 12. APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. APAC Tunnel Boring Machine Market Breakdown, by Type (2019 and 2027)
Figure 14. APAC Slurry TBM Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. APAC Earth Pressure Balance Shield TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 16. Open Gripper TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 17. APAC Shielded TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 18. APAC Multi-Mode TBM Market Revenue and Forecast To 2027 (US$ Million)
Figure 19. APAC Other Types Market Revenue and Forecast To 2027 (US$ Million)
Figure 20. APAC Tunnel Boring Machine Market Breakdown, by Geology (2019 and 2027)
Figure 21. APAC Soft Ground Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. APAC Hard Rock Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 23. APAC Variable Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 24. APAC Heterogeneous Ground Market Revenue and Forecast To 2027 (US$ Million)
Figure 25. APAC Tunnel Boring Machine Market Breakdown, by End-User (2019 and 2027)
Figure 26. APAC Transportation Market Revenue and Forecast to 2027 (US$ Million)
Figure 27. APAC Metals & Mining Market Revenue and Forecast To 2027 (US$ Million)
Figure 28. APAC Oil & Gas Market Revenue and Forecast To 2027 (US$ Million)
Figure 29. APAC Other End-Users Market Revenue and Forecast To 2027 (US$ Million)
Figure 30. APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
Figure 31. APAC: Tunnel Boring Machine Market Revenue Share, By Country (2019 and 2027)
Figure 32. China: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. India: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Japan: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. South Korea: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Australia: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of APAC: Tunnel Boring Machine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in APAC Country Markets
- China Railway Construction Heavy Industry Co., Ltd.
- 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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