터널 굴삭기 세계 시장 규모는 2024년 60억 달러에 달했습니다. 향후 IMARC Group은 2033년까지 81억 달러에 달하고, 2025-2033년 3.48%의 연평균 성장률(CAGR)을 보일 것으로 전망하고 있습니다. 도시 인프라 수요 증가, 교통 프로젝트에 대한 투자 증가, 터널 굴착 기술의 발전 등이 시장 성장을 가속하는 주요 요인입니다.
주요 시장 성장 촉진요인 : 광업에서 터널 굴삭기(TMB)의 사용 증가와 암석 절단 기술의 새로운 혁신이 시장을 주도하고 있습니다. 또한, 신흥국 정부는 인프라 개발에 적극적으로 투자하고 있으며, 수도관, 수력 발전, 석유 및 가스 파이프라인 프로젝트에서 TBM의 적용을 확대하고 있습니다.
주요 시장 동향 : 고비중, 고점도, 고압에서의 안정성 등 TBM의 장점에 대한 인식이 높아짐에 따라 전체 시장 전망이 밝아지고 있습니다. 또한, 터널의 자동화 추세 증가도 중요한 트렌드로 작용하여 시장 성장을 가속하고 있습니다.
경쟁 구도: 터널 굴삭기 시장의 주요 기업으로는Akkerman Inc., China Railway Construction Heavy Industry Corporation Limited, China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited), Dalian Huarui Heavy Industry Group Co. Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Northern Heavy Industries Group Co. Ltd., Sika AG 등이 있습니다.
지리적 동향 : 보고서에 따르면, 현재 아시아태평양이 세계 시장을 독점하고 있습니다. 이 지역에서는 인도, 중국, 베트남, 필리핀, 말레이시아, 인도네시아에서 대규모 프로젝트가 진행 중이며, 인프라가 호황을 누리고 있습니다. 또한, 이 지역 전체에서 지하철 및 교통수단 확장 프로젝트가 증가하고 있는 것도 시장 성장에 기여하고 있습니다.
과제와 기회: 터널 굴삭기 시장의 과제로는 높은 초기 투자 비용과 다양한 지질 조건에서 터널 굴착에 따른 기술적 복잡성 등이 있습니다. 그러나 도시화와 교통 수요로 인한 전 세계 지하 인프라 수요 증가는 기술 혁신과 시장 확대를 촉진할 것입니다.
운송 프로젝트 증가
여러 국가의 정부 당국은 고속도로, 도로 등 교통 정비 프로젝트에 대규모 투자를 하고 있으며, 이는 시장 전체에 긍정적인 전망을 가져다주고 있습니다. 예를 들어, 인도 정부는 2025년까지 20만km의 국도망 구축을 목표로 하고 있습니다. 정부는 고속도로 개발에 약 17조 루피를 투자할 것으로 예측됩니다. 또한, 국가 인프라 파이프라인(NIP) 태스크포스는 2025년까지 이 분야에 총 20조 3,400억 루피의 자본 투자를할 것을 강조하고 있습니다. 마찬가지로, 미국의 햄튼 로즈 브리지 터널 확장 프로젝트는 미화 38억 달러를 투자하여 2025년 11월까지 완공될 예정입니다. 이 프로젝트는 노퍽과 햄튼의 i-64 코리도 약 10마일을 따라 현재 4차선 구간을 확장하고 항구를 가로지르는 새로운 트윈 터널을 건설하는 것을 목표로 하고 있습니다. 도로 및 고속도로 개발을 위한 각국 정부 당국의 자금 지원 증가는 향후 몇 년 동안 터널 굴삭기 시장 수요를 촉진할 것으로 예측됩니다.
제품 제공 증가
다양한 주요 시장 기업들이 다양한 지질 조건, 프로젝트 요구 사항 및 환경 고려 사항에 맞는 TBM을 출시하고 있습니다. 이는 시장 성장에 긍정적인 영향을 미치고 있습니다. 예를 들어, Epilock은 2022년 6월 Mobilaris Tunneling Intelligence를 발표하여 건설 산업에서 디지털 솔루션 포트폴리오를 확장했습니다. 이 새로운 터널 공사 포트폴리오는 생산성을 향상시키면서 안전 수준을 높입니다. 또한 2024년 1월, 첸나이 지하철은 라이트하우스 역에서 보트 클럽 역으로 향하는 Eagle이라는 이름의 터널 굴삭기를 시작했으며, Eagle은 2026년 10월에 Boat Club 역에 도착할 예정입니다. 마찬가지로 2024년 2월 HS2는 런던-버밍엄 간 새로운 철도를 건설하기 위해 약 1,700톤 무게의 세 번째 TBM인 Emily라는 이름의 TBM을 발사했습니다. 효율성과 기능이 개선된 TBM의 도입은 향후 몇 년 동안 터널 굴삭기 시장의 수익을 강화할 것으로 예측됩니다.
광업 및 석유 및 가스 산업에서의 적용 확대
터널 굴삭기는 지하 광산 작업에서 접근 터널과 갱도를 만드는 데 널리 사용되어 광물 및 광석 채굴을 용이하게 합니다. 또한, 특히 단단한 암반이나 불안정한 지질 조건에서 보다 안전하고 효율적인 시추를 가능하게 하여 채굴 작업자의 위험을 줄이고 생산성을 향상시킵니다. 채굴 활동의 활성화와 채굴 장비에 대한 투자 증가는 예측 기간 동안 터널 굴삭기 시장 점유율을 촉진할 것으로 예측됩니다. 예를 들어, 중국은 2022년 9월 2022년 상반기에 총 260억-300억 달러를 투자하여 15GW의 신규 석탄 발전 용량을 승인했다고 발표했습니다. 마찬가지로 2021년 11월 인도의 국영 석탄광산 기업인 Coal India Limited는 향후 5년간 CAPEX에 40-500억 루피(48-60억 달러)를 투자할 것이라고 발표했습니다. 이 CAPEX의 대부분은 석탄 생산 및 배출에 활용될 예정입니다. 광업의 대폭적인 증가는 터널 굴삭기 시장 전망에 긍정적인 영향을 미치고 있습니다.
The global tunnel boring machine market size reached USD 6.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.48% during 2025-2033. Rising demand for urban infrastructure, increasing investment in transportation projects, and advancements in tunneling technology are some of the key factors driving the market growth.
Major Market Drivers: The increasing utilization of tunnel boring machines (TMBs) in the mining industry, along with new innovations in rock-cutting technology, is primarily driving the market. Moreover, governments of several countries are extensively investing in infrastructural development, which is augmenting the application of TBMs in the water pipeline, hydropower, and oil and gas pipeline projects.
Key Market Trends: Rising awareness about the advantages of TBMs, such as high specific gravity and viscosity and stability under high pressure, is creating a positive outlook for the overall market. Furthermore, the growing trend of tunnel automation is acting as another significant trend, bolstering the market growth.
Competitive Landscape: Some of the leading tunnel boring machine market companies include Akkerman Inc., China Railway Construction Heavy Industry Corporation Limited, China Railway Engineering Equipment Group Co. Ltd. (China Railway Hi-Tech Industry Corporation Limited), Dalian Huarui Heavy Industry Group Co. Ltd., Herrenknecht AG, Hitachi Zosen Corporation, IHI Corporation, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Northern Heavy Industries Group Co. Ltd., and Sika AG, among others.
Geographical Trends: According to the report, Asia-Pacific currently dominates the global market. The region is experiencing a boom in infrastructure, with major projects in India, China, Vietnam, the Philippines, Malaysia, and Indonesia. Moreover, the rising number of metro and transit expansion projects across the region is also contributing to the market growth.
Challenges and Opportunities: Challenges in the tunnel boring machine market include the high initial investment costs and technical complexities associated with tunneling in varied geological conditions. However, opportunities arise from the growing demand for underground infrastructure globally, driven by urbanization and transportation needs, fostering innovation and market expansion.
Growing Number of Transportation Projects
The government authorities of several countries are extensively investing in transportation development projects like highways and roadways, which is creating a positive outlook for the overall market. For instance, the Government of India aims to develop a national highway network of 200,000 km by 2025. The government is expected to spend about Rs 17 trillion on highway development. Moreover, the task force on the National Infrastructure Pipeline (NIP) highlighted a total capital investment of Rs 20.34 trillion for the sector by 2025. Similarly, the Hampton Roads Bridge-Tunnel Expansion Project, United States, slated at US$ 3.8 Billion, is anticipated to be completed by November 2025. The project is aimed at widening the current four-lane segments along nearly ten miles of the I-64 corridor in Norfolk and Hampton, with new twin tunnels across the harbor. The increasing funding by the government authorities of various nations for roadways and highway development is anticipated to propel the tunnel boring machine market demand in the coming years.
Increasing Product Offerings
Various key market players are launching TBMs tailored to different geological conditions, project requirements, and environmental considerations, thereby offering clients a broader range of options to suit their specific needs. This, in turn, is positively impacting the market growth. For instance, in June 2022, Epiroc expanded its digital solutions portfolio within the construction industry with the launch of Mobilaris Tunneling Intelligence. The new tunneling portfolio increases safety levels while improving productivity. Moreover, in January 2024, Chennai Metro Rail Ltd launched a tunnel boring machine named Eagle from Light House metro station towards the Boat Club station. Eagle is expected to arrive at Boat Club station in October 2026. Similarly, in February 2024, HS2 launched the third TBM named Emily, weighing around 1,700 tons, to build a new railway between London and Birmingham. The introduction of TBMs with improved efficiencies and features is projected to bolster the tunnel boring machine market revenue in the coming years.
Rising Application in Mining and Oil and Gas Industries
Tunnel boring machines are widely used to create access tunnels and shafts in underground mining operations, facilitating the extraction of minerals and ores. Moreover, they enable safer and more efficient excavation, particularly in hard rock or unstable geological conditions, reducing the risk to miners and improving productivity. Rising mining activities and increasing investments in mining equipment are anticipated to propel the tunnel boring machine market share over the forecast period. For instance, in September 2022, China announced it had approved a new 15GW of coal power generation capacity in H1 2022 with a total investment of US$ 26-30 Billion. Similarly, in November 2021, Coal India Limited, India's national coal mining company, announced an investment of INR 40-50000 crores (US$ 4.8 - 6 Billion) for CAPEX in the next five years. Most of this CAPEX will be utilized for coal production and evacuation. A significant rise in the mining industry is positively impacting the tunnel boring machine market outlook.
Slurry TBM currently exhibits a clear dominance in the market
The tunnel boring machine market report has provided a detailed breakup and analysis of the market based on the machine type. This includes slurry TBM, earth pressure balance shield TBM, shielded TBM, multi-mode TBM, and others. According to the report, slurry TBM currently exhibits a clear dominance in the market.
A slurry tunnel boring machine (TBM) is a specialized type of TBM used for excavating tunnels in soft ground conditions, such as clay, silt, sand, and gravel. It operates by mixing excavated soil with a bentonite or polymer-based slurry, which helps stabilize the tunnel face and transport the excavated material back to the surface. The slurry also provides support to prevent tunnel collapse. Slurry TBMs include their ability to work efficiently in unstable ground conditions, reduced groundwater inflow into the tunnel, and the potential for continuous operation. They are commonly used in projects such as subway tunnels, sewer tunnels, and underwater tunnels, where ground conditions require additional stabilization and support during excavation.
Hard ground TBM accounts for the majority of the global market share
A hard ground tunnel boring machine (TBM) is specifically designed to excavate through dense and rocky formations, such as granite, basalt, or hard limestone. These TBMs employ robust cutterheads with disc cutters or roller cutters, reinforced with tungsten carbide or other hard materials, to effectively break through hard rock formations. Hard ground TBM offers increased efficiency and reduced wear on cutting tools compared to traditional drilling methods. They are extensively used in the construction of transportation tunnels, water supply tunnels, and underground infrastructure projects, enabling faster and more cost-effective excavation in challenging geological conditions.
Traffic tunneling currently exhibits a clear dominance in the market
A traffic tunneling TBM is a specialized excavation tool designed for creating underground passages for vehicular traffic. These machines reduce surface disruption, minimize traffic congestion during construction, and offer enhanced safety compared to traditional methods. These machines are used in urban areas for constructing road tunnels, bypasses, and underground highways, facilitating smoother transportation flow and improving overall urban mobility. Moreover, the increasing number of highway and roadway construction projects and the expanding underground railway networks are further propelling the tunnel boring machine market's recent price. For instance, in June 2023, Delhi Metro initiated the phase IV project with the "Bhoomi" Tunnel Boring Machine. The TBM commenced operations from Derawal Nagar to Pulbangash on Line 8.
Metro and transit holds the largest market share
Tunnel boring machines (TBMs) are essential in metro and transit projects for excavating underground passages efficiently and safely. They enable the construction of subway tunnels, underground stations, and transit corridors with minimal surface disruption. Additionally, as per the tunnel boring machine market statistics by IMARC, the rising number of metro expansion projects across the globe is bolstering the growth of this segment. For instance, Ahmedabad is expanding its metro rail network to connect Thaltej to Manipur and Shilaj to Motera, integrating upcoming infrastructure projects for the city's Olympic bid. The expansion will cover areas like Bopal, Shela, Ghuma, and surrounding areas, with feeder buses introduced in western areas. Besides this, TBMs are increasingly being favored for metro and transit projects as they contribute to sustainable urban development by reducing the environmental impact associated with surface-level construction activities.
Asia-Pacific currently dominates the global market
Asia-Pacific is experiencing a boom in infrastructure, with major projects in India, China, Vietnam, the Philippines, Malaysia, and Indonesia. For instance, the end of 2023 marked the opening of several new metro lines and extensions in cities across China, including the 23.3km Line 19 in Wuhan. Similarly, in March 2024, the Prime Minister of India inaugurated Kolkata's underwater metro tunnel, along with multiple metro and connectivity projects across India. Moreover, Vietnam is also planning to replace the bus rapid transit (BRT) system in Hanoi with new metro rail lines. The tunnel boring machine market overview indicates that such initiatives by the government authorities of various Asia-Pacific countries are anticipated to propel the growth of the market in the coming years.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
January 2024: Chennai Metro Rail Ltd launched a tunnel boring machine named Eagle from Light House metro station towards the Boat Club station. Eagle is expected to arrive at Boat Club station in October 2026.
February 2024: HS2 launched the third TBM named Emily, weighing around 1,700 tons, to build a new railway between London and Birmingham.
July 2023: Chenab Valley Power Projects Limited (CVPPL) launched a tunnel boring machine for the construction of Head Race Tunnel-1.