The global tunnel boring machine market comprises machinery used for underground drilling activities in construction projects. Tunnel boring machines are mechanized cylinders outfitted with cutting tools used to excavate circular tunnels through soil and rock. They operate by rotating a cutting wheel at its front which breaks rock into small debris pieces. Simultaneously, the machine is pushed or pulled forward by hydraulic rams and the excavated material is removed inside the hollow cylindrical structure. Tunnel boring offers cost and time advantages over drill-and-blast methods.

The Global Tunnel Boring Machine Market is estimated to be valued at US$ 6,705.8 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Global Tunnel Boring Machine Market Demand are Komatsu Ltd., SN Mercantile India Pvt. Ltd., High Speed Two Ltd., Amberg Engineering, Mammoet, Hitachi Zosen Sakai Works, China Railway Tunnel Group, Sika AG, Liaoning Censcience End-Use Co. Ltd., Kawasaki Heavy Industries, Ltd., Herrenknecht AG, The Robbins Company, TERRATEC Ltd., Japan Tunnel Systems Corp., Mitsubishi Heavy Industries, Ltd.

The growing demand for efficient transportation and infrastructure facilities across the globe is a major factor contributing to the growth of the tunnel boring machine market. Tunnel boring machines help to accelerate large underground infrastructure projects related to transportation networks and utility services.

Key players in the market are expanding their global footprint by undertaking projects in developing regions of Asia Pacific, Latin America, and Middle East & Africa. This is expected to boost the adoption of tunnel boring machinery in these emerging economies experiencing rising urbanization and investments in public transit systems.

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