세계의 터널 굴착기 시장 : 시장 점유율과 순위, 전체 판매 및 수요 예측(2025-2031년)

The global market for Tunnel Boring Machine was estimated to be worth US$ 4453 million in 2024 and is forecast to a readjusted size of US$ 5717 million by 2031 with a CAGR of 4.0% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Tunnel Boring Machine cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, the machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.

In 2024, global tunnel boring machine (TBM) sales volume reached approximately 800 units, with an average global market price of around US$ 5.50 million per unit.

The major players in global Tunnel Boring Machine market include Herrenknecht, CRGIC, CRCHI, etc. The top 3 players occupy about 40% shares of the global market.

The tunnel boring machine (TBM) market presents significant long-term growth potential, as these massive excavation systems-capable of boring through soil, rock, and mixed ground conditions with precision while simultaneously installing tunnel linings-are increasingly indispensable for global infrastructure development, driven by rapid urbanization, population growth, and the rising need for sustainable underground transportation, utility, and water management solutions; governments and private investors worldwide are prioritizing metro rail expansions, high-speed rail projects, cross-border tunnels, underground highways, and urban utility corridors to reduce congestion, cut emissions, and improve connectivity, with Asia-Pacific leading demand due to mega-projects in China, India, and Southeast Asia, while Europe and North America continue to invest heavily in modernizing transit networks, sewage systems, and hydroelectric projects; technological innovations such as slurry TBMs, Earth Pressure Balance (EPB) machines, dual-mode TBMs, and large-diameter mega-borers are enhancing adaptability to diverse geological conditions, minimizing risks, and improving efficiency, while real-time monitoring, automation, and AI-driven control systems are increasing accuracy, safety, and productivity; TBMs also support environmental sustainability by reducing surface disruption compared to conventional drilling and blasting, aligning with stricter regulatory frameworks and green infrastructure goals; the energy sector further fuels demand, as TBMs are deployed in hydropower projects, underground power plants, and oil & gas pipelines; although high capital investment, complex maintenance, and project-specific customization remain barriers, rising government infrastructure budgets, availability of financing models such as PPP (Public-Private Partnerships), and a growing emphasis on long-term cost efficiency make TBMs a preferred choice; aftermarket opportunities in refurbishment, spare parts, and leasing models also strengthen market sustainability, ensuring continuous demand across both developed economies with aging infrastructure and emerging markets undertaking ambitious new projects, firmly positioning TBMs as critical enablers of modern underground construction worldwide.

This report aims to provide a comprehensive presentation of the global market for Tunnel Boring Machine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Tunnel Boring Machine by region & country, by Type, and by Application.

The Tunnel Boring Machine market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tunnel Boring Machine.

Market Segmentation

By Company

• Herrenknecht
• CRHIC
• CRCHI
• Tianhe Mechanical Equipment
• Liaoning Censcience Industry Co., Ltd
• Komatsu
• JIMT
• Kawasaki
• Terratec
• Hitachi Zosen
• Shanghai Tunnel Engineering Co., Ltd
• Xugong Kaigong
• Robbins

Segment by Type

• Soft Ground TBMs
• Hard Rock TBMs

Segment by Application

• Railway and Highway
• Municipal Engineering
• City Rail System
• Others

By Region

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Netherlands
  • Nordic Countries
  • Rest of Europe
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Tunnel Boring Machine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Tunnel Boring Machine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Tunnel Boring Machine in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Table of Contents

1 Market Overview

• 1.1 Tunnel Boring Machine Product Introduction
• 1.2 Global Tunnel Boring Machine Market Size Forecast
  • 1.2.1 Global Tunnel Boring Machine Sales Value (2020-2031)
  • 1.2.2 Global Tunnel Boring Machine Sales Volume (2020-2031)
  • 1.2.3 Global Tunnel Boring Machine Sales Price (2020-2031)
• 1.3 Tunnel Boring Machine Market Trends & Drivers
  • 1.3.1 Tunnel Boring Machine Industry Trends
  • 1.3.2 Tunnel Boring Machine Market Drivers & Opportunity
  • 1.3.3 Tunnel Boring Machine Market Challenges
  • 1.3.4 Tunnel Boring Machine Market Restraints
• 1.4 Assumptions and Limitations
• 1.5 Study Objectives
• 1.6 Years Considered

2 Competitive Analysis by Company

• 2.1 Global Tunnel Boring Machine Players Revenue Ranking (2024)
• 2.2 Global Tunnel Boring Machine Revenue by Company (2020-2025)
• 2.3 Global Tunnel Boring Machine Players Sales Volume Ranking (2024)
• 2.4 Global Tunnel Boring Machine Sales Volume by Company Players (2020-2025)
• 2.5 Global Tunnel Boring Machine Average Price by Company (2020-2025)
• 2.6 Key Manufacturers Tunnel Boring Machine Manufacturing Base and Headquarters
• 2.7 Key Manufacturers Tunnel Boring Machine Product Offered
• 2.8 Key Manufacturers Time to Begin Mass Production of Tunnel Boring Machine
• 2.9 Tunnel Boring Machine Market Competitive Analysis
  • 2.9.1 Tunnel Boring Machine Market Concentration Rate (2020-2025)
  • 2.9.2 Global 5 and 10 Largest Manufacturers by Tunnel Boring Machine Revenue in 2024
  • 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Tunnel Boring Machine as of 2024)
• 2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type

• 3.1 Introduction by Type
  • 3.1.1 Soft Ground TBMs
  • 3.1.2 Hard Rock TBMs
• 3.2 Global Tunnel Boring Machine Sales Value by Type
  • 3.2.1 Global Tunnel Boring Machine Sales Value by Type (2020 VS 2024 VS 2031)
  • 3.2.2 Global Tunnel Boring Machine Sales Value, by Type (2020-2031)
  • 3.2.3 Global Tunnel Boring Machine Sales Value, by Type (%) (2020-2031)
• 3.3 Global Tunnel Boring Machine Sales Volume by Type
  • 3.3.1 Global Tunnel Boring Machine Sales Volume by Type (2020 VS 2024 VS 2031)
  • 3.3.2 Global Tunnel Boring Machine Sales Volume, by Type (2020-2031)
  • 3.3.3 Global Tunnel Boring Machine Sales Volume, by Type (%) (2020-2031)
• 3.4 Global Tunnel Boring Machine Average Price by Type (2020-2031)

4 Segmentation by Application

• 4.1 Introduction by Application
  • 4.1.1 Railway and Highway
  • 4.1.2 Municipal Engineering
  • 4.1.3 City Rail System
  • 4.1.4 Others
• 4.2 Global Tunnel Boring Machine Sales Value by Application
  • 4.2.1 Global Tunnel Boring Machine Sales Value by Application (2020 VS 2024 VS 2031)
  • 4.2.2 Global Tunnel Boring Machine Sales Value, by Application (2020-2031)
  • 4.2.3 Global Tunnel Boring Machine Sales Value, by Application (%) (2020-2031)
• 4.3 Global Tunnel Boring Machine Sales Volume by Application
  • 4.3.1 Global Tunnel Boring Machine Sales Volume by Application (2020 VS 2024 VS 2031)
  • 4.3.2 Global Tunnel Boring Machine Sales Volume, by Application (2020-2031)
  • 4.3.3 Global Tunnel Boring Machine Sales Volume, by Application (%) (2020-2031)
• 4.4 Global Tunnel Boring Machine Average Price by Application (2020-2031)

5 Segmentation by Region

• 5.1 Global Tunnel Boring Machine Sales Value by Region
  • 5.1.1 Global Tunnel Boring Machine Sales Value by Region: 2020 VS 2024 VS 2031
  • 5.1.2 Global Tunnel Boring Machine Sales Value by Region (2020-2025)
  • 5.1.3 Global Tunnel Boring Machine Sales Value by Region (2026-2031)
  • 5.1.4 Global Tunnel Boring Machine Sales Value by Region (%), (2020-2031)
• 5.2 Global Tunnel Boring Machine Sales Volume by Region
  • 5.2.1 Global Tunnel Boring Machine Sales Volume by Region: 2020 VS 2024 VS 2031
  • 5.2.2 Global Tunnel Boring Machine Sales Volume by Region (2020-2025)
  • 5.2.3 Global Tunnel Boring Machine Sales Volume by Region (2026-2031)
  • 5.2.4 Global Tunnel Boring Machine Sales Volume by Region (%), (2020-2031)
• 5.3 Global Tunnel Boring Machine Average Price by Region (2020-2031)
• 5.4 North America
  • 5.4.1 North America Tunnel Boring Machine Sales Value, 2020-2031
  • 5.4.2 North America Tunnel Boring Machine Sales Value by Country (%), 2024 VS 2031
• 5.5 Europe
  • 5.5.1 Europe Tunnel Boring Machine Sales Value, 2020-2031
  • 5.5.2 Europe Tunnel Boring Machine Sales Value by Country (%), 2024 VS 2031
• 5.6 Asia Pacific
  • 5.6.1 Asia Pacific Tunnel Boring Machine Sales Value, 2020-2031
  • 5.6.2 Asia Pacific Tunnel Boring Machine Sales Value by Region (%), 2024 VS 2031
• 5.7 South America
  • 5.7.1 South America Tunnel Boring Machine Sales Value, 2020-2031
  • 5.7.2 South America Tunnel Boring Machine Sales Value by Country (%), 2024 VS 2031
• 5.8 Middle East & Africa
  • 5.8.1 Middle East & Africa Tunnel Boring Machine Sales Value, 2020-2031
  • 5.8.2 Middle East & Africa Tunnel Boring Machine Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions

• 6.1 Key Countries/Regions Tunnel Boring Machine Sales Value Growth Trends, 2020 VS 2024 VS 2031
• 6.2 Key Countries/Regions Tunnel Boring Machine Sales Value and Sales Volume
  • 6.2.1 Key Countries/Regions Tunnel Boring Machine Sales Value, 2020-2031
  • 6.2.2 Key Countries/Regions Tunnel Boring Machine Sales Volume, 2020-2031
• 6.3 United States
  • 6.3.1 United States Tunnel Boring Machine Sales Value, 2020-2031
  • 6.3.2 United States Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.3.3 United States Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.4 Europe
  • 6.4.1 Europe Tunnel Boring Machine Sales Value, 2020-2031
  • 6.4.2 Europe Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.4.3 Europe Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.5 China
  • 6.5.1 China Tunnel Boring Machine Sales Value, 2020-2031
  • 6.5.2 China Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.5.3 China Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.6 Japan
  • 6.6.1 Japan Tunnel Boring Machine Sales Value, 2020-2031
  • 6.6.2 Japan Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.6.3 Japan Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.7 South Korea
  • 6.7.1 South Korea Tunnel Boring Machine Sales Value, 2020-2031
  • 6.7.2 South Korea Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.7.3 South Korea Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.8 Southeast Asia
  • 6.8.1 Southeast Asia Tunnel Boring Machine Sales Value, 2020-2031
  • 6.8.2 Southeast Asia Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.8.3 Southeast Asia Tunnel Boring Machine Sales Value by Application, 2024 VS 2031
• 6.9 India
  • 6.9.1 India Tunnel Boring Machine Sales Value, 2020-2031
  • 6.9.2 India Tunnel Boring Machine Sales Value by Type (%), 2024 VS 2031
  • 6.9.3 India Tunnel Boring Machine Sales Value by Application, 2024 VS 2031

7 Company Profiles

• 7.1 Herrenknecht
  • 7.1.1 Herrenknecht Company Information
  • 7.1.2 Herrenknecht Introduction and Business Overview
  • 7.1.3 Herrenknecht Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.1.4 Herrenknecht Tunnel Boring Machine Product Offerings
  • 7.1.5 Herrenknecht Recent Development
• 7.2 CRHIC
  • 7.2.1 CRHIC Company Information
  • 7.2.2 CRHIC Introduction and Business Overview
  • 7.2.3 CRHIC Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.2.4 CRHIC Tunnel Boring Machine Product Offerings
  • 7.2.5 CRHIC Recent Development
• 7.3 CRCHI
  • 7.3.1 CRCHI Company Information
  • 7.3.2 CRCHI Introduction and Business Overview
  • 7.3.3 CRCHI Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.3.4 CRCHI Tunnel Boring Machine Product Offerings
  • 7.3.5 CRCHI Recent Development
• 7.4 Tianhe Mechanical Equipment
  • 7.4.1 Tianhe Mechanical Equipment Company Information
  • 7.4.2 Tianhe Mechanical Equipment Introduction and Business Overview
  • 7.4.3 Tianhe Mechanical Equipment Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.4.4 Tianhe Mechanical Equipment Tunnel Boring Machine Product Offerings
  • 7.4.5 Tianhe Mechanical Equipment Recent Development
• 7.5 Liaoning Censcience Industry Co., Ltd
  • 7.5.1 Liaoning Censcience Industry Co., Ltd Company Information
  • 7.5.2 Liaoning Censcience Industry Co., Ltd Introduction and Business Overview
  • 7.5.3 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.5.4 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine Product Offerings
  • 7.5.5 Liaoning Censcience Industry Co., Ltd Recent Development
• 7.6 Komatsu
  • 7.6.1 Komatsu Company Information
  • 7.6.2 Komatsu Introduction and Business Overview
  • 7.6.3 Komatsu Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.6.4 Komatsu Tunnel Boring Machine Product Offerings
  • 7.6.5 Komatsu Recent Development
• 7.7 JIMT
  • 7.7.1 JIMT Company Information
  • 7.7.2 JIMT Introduction and Business Overview
  • 7.7.3 JIMT Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.7.4 JIMT Tunnel Boring Machine Product Offerings
  • 7.7.5 JIMT Recent Development
• 7.8 Kawasaki
  • 7.8.1 Kawasaki Company Information
  • 7.8.2 Kawasaki Introduction and Business Overview
  • 7.8.3 Kawasaki Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.8.4 Kawasaki Tunnel Boring Machine Product Offerings
  • 7.8.5 Kawasaki Recent Development
• 7.9 Terratec
  • 7.9.1 Terratec Company Information
  • 7.9.2 Terratec Introduction and Business Overview
  • 7.9.3 Terratec Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.9.4 Terratec Tunnel Boring Machine Product Offerings
  • 7.9.5 Terratec Recent Development
• 7.10 Hitachi Zosen
  • 7.10.1 Hitachi Zosen Company Information
  • 7.10.2 Hitachi Zosen Introduction and Business Overview
  • 7.10.3 Hitachi Zosen Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.10.4 Hitachi Zosen Tunnel Boring Machine Product Offerings
  • 7.10.5 Hitachi Zosen Recent Development
• 7.11 Shanghai Tunnel Engineering Co., Ltd
  • 7.11.1 Shanghai Tunnel Engineering Co., Ltd Company Information
  • 7.11.2 Shanghai Tunnel Engineering Co., Ltd Introduction and Business Overview
  • 7.11.3 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.11.4 Shanghai Tunnel Engineering Co., Ltd Tunnel Boring Machine Product Offerings
  • 7.11.5 Shanghai Tunnel Engineering Co., Ltd Recent Development
• 7.12 Xugong Kaigong
  • 7.12.1 Xugong Kaigong Company Information
  • 7.12.2 Xugong Kaigong Introduction and Business Overview
  • 7.12.3 Xugong Kaigong Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.12.4 Xugong Kaigong Tunnel Boring Machine Product Offerings
  • 7.12.5 Xugong Kaigong Recent Development
• 7.13 Robbins
  • 7.13.1 Robbins Company Information
  • 7.13.2 Robbins Introduction and Business Overview
  • 7.13.3 Robbins Tunnel Boring Machine Sales, Revenue, Price and Gross Margin (2020-2025)
  • 7.13.4 Robbins Tunnel Boring Machine Product Offerings
  • 7.13.5 Robbins Recent Development

8 Industry Chain Analysis

• 8.1 Tunnel Boring Machine Industrial Chain
• 8.2 Tunnel Boring Machine Upstream Analysis
  • 8.2.1 Key Raw Materials
  • 8.2.2 Raw Materials Key Suppliers
  • 8.2.3 Manufacturing Cost Structure
• 8.3 Midstream Analysis
• 8.4 Downstream Analysis (Customers Analysis)
• 8.5 Sales Model and Sales Channels
  • 8.5.1 Tunnel Boring Machine Sales Model
  • 8.5.2 Sales Channel
  • 8.5.3 Tunnel Boring Machine Distributors

9 Research Findings and Conclusion

10 Appendix

• 10.1 Research Methodology
  • 10.1.1 Methodology/Research Approach
    • 10.1.1.1 Research Programs/Design
    • 10.1.1.2 Market Size Estimation
    • 10.1.1.3 Market Breakdown and Data Triangulation
  • 10.1.2 Data Source
    • 10.1.2.1 Secondary Sources
    • 10.1.2.2 Primary Sources
• 10.2 Author Details
• 10.3 Disclaimer