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Tunnel Boring Machine (TBM)

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.

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Product & engineering

Understand the product.

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.

Selected research

Market Structure

Global Tunnel Boring Machine (TBM) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032

26 December 2025193 pages

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Industry ResearchTunnel Boring Machine (TBM) Industry Research Report 2026136 pages · $2,950 USDIndustry Growth & TrendsGlobal Tunnel Boring Machine (TBM) Industry Growth and Trends Forecast to 2032112 pages · $3,450 USDMarket StructureGlobal Tunnel Boring Machine (TBM) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032193 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal Tunnel Boring Machine (TBM) Market Outlook and Growth Opportunities 2026200 pages · $4,250 USDMarket Analysis & ForecastGlobal Tunnel Boring Machine (TBM) Market Analysis and Forecast 2026-2032218 pages · $4,950 USD

Market perspective

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.

Global Tunnel Boring Machine (TBM) key players include Herrenknecht, CRTG, CRCHI, NHI, etc. Global top four manufacturers hold a share over 55%.

China is the largest market, with a share about 60%, followed by Europe and North America, both have a share about 30 percent.

Read the full market overview

In terms of product, Soft Ground TBMs is the largest segment, with a share over 70%. And in terms of application, the largest application is Railway and Highway, followed by Municipal Engineering, City Rail System, etc.

The report provides an overview of the global Tunnel Boring Machine (TBM) market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.

The study covers key producers of Tunnel Boring Machine (TBM) and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.

The report also presents Tunnel Boring Machine (TBM) sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.

In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Tunnel Boring Machine (TBM) market size, projected growth trends, production technologies, key applications, and end-use industries.

Tunnel Boring Machine (TBM) Segment by Company

Herrenknecht

CRGIC

CRCHI

Tianhe Mechanical Equipment

Liaoning Censcience Industry Co., Ltd

Komatsu

NHI Group

Kawasaki

IHI

Terratec

SELI

Tianye Tolian

Hitachi Zosen

Xugong Kaigong

STEC

JIMT

Tunnel Boring Machine (TBM) Segment by Type

Soft Ground TBMs

Hard Rock TBMs

Tunnel Boring Machine (TBM) Segment by Application

City Rail System

Railway and Highway

Municipal Engineering

Others

Tunnel Boring Machine (TBM) Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Tunnel Boring Machine (TBM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Tunnel Boring Machine (TBM) and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Tunnel Boring Machine (TBM).

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Tunnel Boring Machine (TBM) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).

Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Tunnel Boring Machine (TBM) industry.

Chapter 3: Detailed analysis of Tunnel Boring Machine (TBM) market competition landscape. Including Tunnel Boring Machine (TBM) manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.

Chapter 4: 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 5: 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 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 7: Production/Production Value of Tunnel Boring Machine (TBM) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 8: Consumption of Tunnel Boring Machine (TBM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Tunnel Boring Machine (TBM) Industry Trends Table 2. Tunnel Boring Machine (TBM) Industry Drivers Table 3. Tunnel Boring Machine (TBM) Industry Opportunities and Challenges Table 4. Tunnel Boring Machine (TBM) Industry Restraints Table 5. Global Tunnel Boring Machine (TBM) Production Value by Manufacturers (US$ Million) & (2021-2026) Table 6. Global Tunnel Boring Machine (TBM) Production Value Share by Manufacturers (2021-2026) Table 7. Global Tunnel Boring Machine (TBM) Production by Manufacturers (Unit) & (2021-2026) Table 8. Global Tunnel Boring Machine (TBM) Production Market Share by Manufacturers Table 9. Global Tunnel Boring Machine (TBM) Average Price (M USD/Unit) of Manufacturers (2021-2026) Table 10. Global Tunnel Boring Machine (TBM) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026 Table 11. Global Tunnel Boring Machine (TBM) Key Manufacturers Manufacturing Sites & Headquarters Table 12. Global Tunnel Boring Machine (TBM) Manufacturers, Product Type & Application Table 13. Global Tunnel Boring Machine (TBM) Manufacturers Established Date Table 14. Global Manufacturers Market Concentration Ratio (CR5 and HHI) Table 15. Global Tunnel Boring Machine (TBM) by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2025) Table 16. Major Manufacturers of Soft Ground TBMs Table 17. Major Manufacturers of Hard Rock TBMs Table 18. Global Tunnel Boring Machine (TBM) Production by Type 2021 VS 2025 VS 2032 (Unit) Table 19. Global Tunnel Boring Machine (TBM) Production by Type (2021-2026) & (Unit) Table 20. Global Tunnel Boring Machine (TBM) Production by Type (2027-2032) & (Unit) Table 21. Global Tunnel Boring Machine (TBM) Production Market Share by Type (2021-2026) Table 22. Global Tunnel Boring Machine (TBM) Production Market Share by Type (2027-2032) Table 23. Global Tunnel Boring Machine (TBM) Production Value by Type 2021 VS 2025 VS 2032 (Unit) Table 24. Global Tunnel Boring Machine (TBM) Production Value by Type (2021-2026) & (Unit) Table 25. Global Tunnel Boring Machine (TBM) Production Value by Type (2027-2032) & (Unit) Table 26. Global Tunnel Boring Machine (TBM) Production Value Market Share by Type (2021-2026) Table 27. Global Tunnel Boring Machine (TBM) Production Value Market Share by Type (2027-2032) Table 28. Major Manufacturers of City Rail System Table 29. Major Manufacturers of Railway and Highway Table 30. Major Manufacturers of Municipal Engineering Table 31. Major Manufacturers of Others Table 32. Global Tunnel Boring Machine (TBM) Production by Application 2021 VS 2025 VS 2032 (Unit) Table 33. Global Tunnel Boring Machine (TBM) Production by Application (2021-2026) & (Unit) Table 34. Global Tunnel Boring Machine (TBM) Production by Application (2027-2032) & (Unit) Table 35. Global Tunnel Boring Machine (TBM) Production Market Share by Application (2021-2026) Table 36. Global Tunnel Boring Machine (TBM) Production Market Share by Application (2027-2032) Table 37. Global Tunnel Boring Machine (TBM) Production Value by Application 2021 VS 2025 VS 2032 (Unit) Table 38. Global Tunnel Boring Machine (TBM) Production Value by Application (2021-2026) & (Unit) Table 39. Global Tunnel Boring Machine (TBM) Production Value by Application (2027-2032) & (Unit) Table 40. Global Tunnel Boring Machine (TBM) Production Value Market Share by Application (2021-2026) Table 41. Global Tunnel Boring Machine (TBM) Production Value Market Share by Application (2027-2032) Table 42. Herrenknecht Company Information Table 43. Herrenknecht Business Overview Table 44. Herrenknecht Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 45. Herrenknecht Tunnel Boring Machine (TBM) Product Portfolio Table 46. Herrenknecht Recent Development Table 47. CRGIC Company Information Table 48. CRGIC Business Overview Table 49. CRGIC Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 50. CRGIC Tunnel Boring Machine (TBM) Product Portfolio Table 51. CRGIC Recent Development Table 52. CRCHI Company Information Table 53. CRCHI Business Overview Table 54. CRCHI Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 55. CRCHI Tunnel Boring Machine (TBM) Product Portfolio Table 56. CRCHI Recent Development Table 57. Tianhe Mechanical Equipment Company Information Table 58. Tianhe Mechanical Equipment Business Overview Table 59. Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 60. Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Product Portfolio Table 61. Tianhe Mechanical Equipment Recent Development Table 62. Liaoning Censcience Industry Co., Ltd Company Information Table 63. Liaoning Censcience Industry Co., Ltd Business Overview Table 64. Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 65. Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Product Portfolio Table 66. Liaoning Censcience Industry Co., Ltd Recent Development Table 67. Komatsu Company Information Table 68. Komatsu Business Overview Table 69. Komatsu Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 70. Komatsu Tunnel Boring Machine (TBM) Product Portfolio Table 71. Komatsu Recent Development Table 72. NHI Group Company Information Table 73. NHI Group Business Overview Table 74. NHI Group Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 75. NHI Group Tunnel Boring Machine (TBM) Product Portfolio Table 76. NHI Group Recent Development Table 77. Kawasaki Company Information Table 78. Kawasaki Business Overview Table 79. Kawasaki Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 80. Kawasaki Tunnel Boring Machine (TBM) Product Portfolio Table 81. Kawasaki Recent Development Table 82. IHI Company Information Table 83. IHI Business Overview Table 84. IHI Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 85. IHI Tunnel Boring Machine (TBM) Product Portfolio Table 86. IHI Recent Development Table 87. Terratec Company Information Table 88. Terratec Business Overview Table 89. Terratec Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 90. Terratec Tunnel Boring Machine (TBM) Product Portfolio Table 91. Terratec Recent Development Table 92. SELI Company Information Table 93. SELI Business Overview Table 94. SELI Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 95. SELI Tunnel Boring Machine (TBM) Product Portfolio Table 96. SELI Recent Development Table 97. Tianye Tolian Company Information Table 98. Tianye Tolian Business Overview Table 99. Tianye Tolian Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 100. Tianye Tolian Tunnel Boring Machine (TBM) Product Portfolio Table 101. Tianye Tolian Recent Development Table 102. Hitachi Zosen Company Information Table 103. Hitachi Zosen Business Overview Table 104. Hitachi Zosen Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 105. Hitachi Zosen Tunnel Boring Machine (TBM) Product Portfolio Table 106. Hitachi Zosen Recent Development Table 107. Xugong Kaigong Company Information Table 108. Xugong Kaigong Business Overview Table 109. Xugong Kaigong Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 110. Xugong Kaigong Tunnel Boring Machine (TBM) Product Portfolio Table 111. Xugong Kaigong Recent Development Table 112. STEC Company Information Table 113. STEC Business Overview Table 114. STEC Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 115. STEC Tunnel Boring Machine (TBM) Product Portfolio Table 116. STEC Recent Development Table 117. JIMT Company Information Table 118. JIMT Business Overview Table 119. JIMT Tunnel Boring Machine (TBM) Production (Unit), Value (US$ Million), Price (M USD/Unit) and Gross Margin (2021-2026) Table 120. JIMT Tunnel Boring Machine (TBM) Product Portfolio Table 121. JIMT Recent Development Table 122. Global Tunnel Boring Machine (TBM) Production by Region: 2021 VS 2025 VS 2032 (Unit) Table 123. Global Tunnel Boring Machine (TBM) Production by Region (2021-2026) & (Unit) Table 124. Global Tunnel Boring Machine (TBM) Production Market Share by Region (2021-2026) Table 125. Global Tunnel Boring Machine (TBM) Production Forecast by Region (2027-2032) & (Unit) Table 126. Global Tunnel Boring Machine (TBM) Production Market Share Forecast by Region (2027-2032) Table 127. Global Tunnel Boring Machine (TBM) Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Table 128. Global Tunnel Boring Machine (TBM) Production Value by Region (2021-2026) & (US$ Million) Table 129. Global Tunnel Boring Machine (TBM) Production Value Share by Region (2021-2026) Table 130. Global Tunnel Boring Machine (TBM) Production Value by Region (2027-2032) & (US$ Million) Table 131. Global Tunnel Boring Machine (TBM) Production Value Share by Region: (2027-2032) & (US$ Million) Table 132. Global Tunnel Boring Machine (TBM) Market Average Price (M USD/Unit) by Region (2021-2026) Table 133. Global Tunnel Boring Machine (TBM) Market Average Price (M USD/Unit) by Region (2027-2032) Table 134. Global Tunnel Boring Machine (TBM) Consumption by Region: 2021 VS 2025 VS 2032 (Unit) Table 135. Global Tunnel Boring Machine (TBM) Consumption by Region (2021-2026) & (Unit) Table 136. Global Tunnel Boring Machine (TBM) Consumption Market Share by Region (2021-2026) Table 137. Global Tunnel Boring Machine (TBM) Consumption Forecasted by Region (2027-2032) & (Unit) Table 138. Global Tunnel Boring Machine (TBM) Consumption Forecasted Market Share by Region (2027-2032) Table 139. North America Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Unit) Table 140. North America Tunnel Boring Machine (TBM) Consumption by Country (2021-2026) & (Unit) Table 141. North America Tunnel Boring Machine (TBM) Consumption by Country (2027-2032) & (Unit) Table 142. Europe Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Unit) Table 143. Europe Tunnel Boring Machine (TBM) Consumption by Country (2021-2026) & (Unit) Table 144. Europe Tunnel Boring Machine (TBM) Consumption by Country (2027-2032) & (Unit) Table 145. Asia Pacific Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Unit) Table 146. Asia Pacific Tunnel Boring Machine (TBM) Consumption by Country (2021-2026) & (Unit) Table 147. Asia Pacific Tunnel Boring Machine (TBM) Consumption by Country (2027-2032) & (Unit) Table 148. South America Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Unit) Table 149. South America Tunnel Boring Machine (TBM) Consumption by Country (2021-2026) & (Unit) Table 150. South America Tunnel Boring Machine (TBM) Consumption by Country (2027-2032) & (Unit) Table 151. Middle East & Africa Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Unit) Table 152. Middle East & Africa Tunnel Boring Machine (TBM) Consumption by Country (2021-2026) & (Unit) Table 153. Middle East & Africa Tunnel Boring Machine (TBM) Consumption by Country (2027-2032) & (Unit) Table 154. Key Raw Materials Table 155. Raw Materials Key Suppliers Table 156. Tunnel Boring Machine (TBM) Distributors List Table 157. Tunnel Boring Machine (TBM) Customers List Table 158. Research Programs/Design for This Report Table 159. Authors List of This Report Table 160. Secondary Sources Table 161. Primary Sources List of Figures Figure 1. Tunnel Boring Machine (TBM) Product Image Figure 2. Global Tunnel Boring Machine (TBM) Production Value (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 4. Global Tunnel Boring Machine (TBM) Production Capacity (2021-2032) & (Unit) Figure 5. Global Tunnel Boring Machine (TBM) Production (2021-2032) & (Unit) Figure 6. Global Tunnel Boring Machine (TBM) Average Price (M USD/Unit) & (2021-2032) Figure 7. Global Top 5 and 10 Tunnel Boring Machine (TBM) Players Market Share by Production Value in 2025 Figure 8. Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 9. Soft Ground TBMs Image Figure 10. Hard Rock TBMs Image Figure 11. Global Tunnel Boring Machine (TBM) Production by Type (2021 VS 2025 VS 2032) & (Unit) Figure 12. Global Tunnel Boring Machine (TBM) Production Market Share 2021 VS 2025 VS 2032 Figure 13. Global Tunnel Boring Machine (TBM) Production Market Share by Type (2021-2032) Figure 14. Global Tunnel Boring Machine (TBM) Production Value by Type (2021 VS 2025 VS 2032) & (Unit) Figure 15. Global Tunnel Boring Machine (TBM) Production Value Share 2021 VS 2025 VS 2032 Figure 16. Global Tunnel Boring Machine (TBM) Production Value Share by Type (2021-2032) Figure 17. City Rail System Image Figure 18. Railway and Highway Image Figure 19. Municipal Engineering Image Figure 20. Others Image Figure 21. Global Tunnel Boring Machine (TBM) Production by Application (2021 VS 2025 VS 2032) & (Unit) Figure 22. Global Tunnel Boring Machine (TBM) Production Market Share 2021 VS 2025 VS 2032 Figure 23. Global Tunnel Boring Machine (TBM) Production Market Share by Application (2021-2032) Figure 24. Global Tunnel Boring Machine (TBM) Production Value by Application (2021 VS 2025 VS 2032) & (Unit) Figure 25. Global Tunnel Boring Machine (TBM) Production Value Share 2021 VS 2025 VS 2032 Figure 26. Global Tunnel Boring Machine (TBM) Production Value Share by Application (2021-2032) Figure 27. Global Tunnel Boring Machine (TBM) Production by Region: 2021 VS 2025 VS 2032 (Unit) Figure 28. Global Tunnel Boring Machine (TBM) Production Market Share by Region: 2021 VS 2025 VS 2032 Figure 29. Global Tunnel Boring Machine (TBM) Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Figure 30. Global Tunnel Boring Machine (TBM) Production Value Share by Region: 2021 VS 2025 VS 2032 Figure 31. North America Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 32. Europe Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 33. Asia-Pacific Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 34. South America Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 35. Middle East & Africa Tunnel Boring Machine (TBM) Production Value (2021-2032) & (US$ Million) Figure 36. North America Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 37. North America Tunnel Boring Machine (TBM) Consumption Market Share by Country (2021-2032) Figure 38. U.S. Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 39. Canada Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 40. Mexico Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 41. Europe Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 42. Europe Tunnel Boring Machine (TBM) Consumption Market Share by Country (2021-2032) Figure 43. Germany Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 44. France Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 45. U.K. Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 46. Italy Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 47. Netherlands Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 48. Asia Pacific Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 49. Asia Pacific Tunnel Boring Machine (TBM) Consumption Market Share by Country (2021-2032) Figure 50. China Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 51. Japan Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 52. South Korea Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 53. Southeast Asia Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 54. India Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 55. Australia Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 56. South America Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 57. South America Tunnel Boring Machine (TBM) Consumption Market Share by Country (2021-2032) Figure 58. Brazil Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 59. Argentina Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 60. Chile Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 61. Middle East & Africa Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 62. Middle East & Africa Tunnel Boring Machine (TBM) Consumption Market Share by Country (2021-2032) Figure 63. Egypt Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 64. South Africa Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 65. Israel Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 66. Türkiye Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 67. GCC Countries Tunnel Boring Machine (TBM) Consumption and Growth Rate (2021-2032) & (Unit) Figure 68. Tunnel Boring Machine (TBM) Value Chain Figure 69. Manufacturing Cost Structure Figure 70. Tunnel Boring Machine (TBM) Production Mode & Process Figure 71. Direct Comparison with Distribution Share Figure 72. Distributors Profiles Figure 73. Years Considered Figure 74. Research Process Figure 75. Key Executives Interviewed

Scope & coverage.

Types
  • Soft Ground TBMs
  • Hard Rock TBMs
Applications
  • City Rail System
  • Railway and Highway
  • Municipal Engineering
  • Others
Companies covered
  • Herrenknecht
  • CRGIC
  • CRCHI
  • Tianhe Mechanical Equipment
  • Liaoning Censcience Industry Co., Ltd
  • Komatsu
  • NHI Group
  • Kawasaki
  • IHI
  • Terratec
  • SELI
  • Tianye Tolian
  • Hitachi Zosen
  • Xugong Kaigong
  • STEC
  • JIMT

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Tunnel Boring Machine (TBM) Production Value Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Tunnel Boring Machine (TBM) Production Capacity Estimates and Forecasts (2021-2032)
  5. 1.2.3 Global Tunnel Boring Machine (TBM) Production Estimates and Forecasts (2021-2032)
  6. 1.2.4 Global Tunnel Boring Machine (TBM) Market Average Price (2021-2032)
  7. 1.3 Assumptions and Limitations
  8. 1.4 Study Goals and Objectives
2 Global Tunnel Boring Machine (TBM) Market Dynamics
  1. 2.1 Tunnel Boring Machine (TBM) Industry Trends
  2. 2.2 Tunnel Boring Machine (TBM) Industry Drivers
  3. 2.3 Tunnel Boring Machine (TBM) Industry Opportunities and Challenges
  4. 2.4 Tunnel Boring Machine (TBM) Industry Restraints
3 Tunnel Boring Machine (TBM) Market by Manufacturers
  1. 3.1 Global Tunnel Boring Machine (TBM) Production Value by Manufacturers (2021-2026)
  2. 3.2 Global Tunnel Boring Machine (TBM) Production by Manufacturers (2021-2026)
  3. 3.3 Global Tunnel Boring Machine (TBM) Average Price by Manufacturers (2021-2026)
  4. 3.4 Global Tunnel Boring Machine (TBM) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Tunnel Boring Machine (TBM) Key Manufacturers Manufacturing Sites & Headquarters
  6. 3.6 Global Tunnel Boring Machine (TBM) Manufacturers, Product Type & Application
  7. 3.7 Global Tunnel Boring Machine (TBM) Manufacturers Established Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Tunnel Boring Machine (TBM) Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Tunnel Boring Machine (TBM) Players Market Share by Production Value in 2025
  11. 3.8.3 2025 Tunnel Boring Machine (TBM) Tier 1, Tier 2, and Tier 3
4 Tunnel Boring Machine (TBM) Market by Type
  1. 4.1 Tunnel Boring Machine (TBM) Type Introduction
  2. 4.1.1 Soft Ground TBMs
  3. 4.1.2 Hard Rock TBMs
  4. 4.2 Global Tunnel Boring Machine (TBM) Production by Type
  5. 4.2.1 Global Tunnel Boring Machine (TBM) Production by Type (2021 VS 2025 VS 2032)
  6. 4.2.2 Global Tunnel Boring Machine (TBM) Production by Type (2021-2032)
  7. 4.2.3 Global Tunnel Boring Machine (TBM) Production Market Share by Type (2021-2032)
  8. 4.3 Global Tunnel Boring Machine (TBM) Production Value by Type
  9. 4.3.1 Global Tunnel Boring Machine (TBM) Production Value by Type (2021 VS 2025 VS 2032)
  10. 4.3.2 Global Tunnel Boring Machine (TBM) Production Value by Type (2021-2032)
  11. 4.3.3 Global Tunnel Boring Machine (TBM) Production Value Market Share by Type (2021-2032)
5 Tunnel Boring Machine (TBM) Market by Application
  1. 5.1 Tunnel Boring Machine (TBM) Application Introduction
  2. 5.1.1 City Rail System
  3. 5.1.2 Railway and Highway
  4. 5.1.3 Municipal Engineering
  5. 5.1.4 Others
  6. 5.2 Global Tunnel Boring Machine (TBM) Production by Application
  7. 5.2.1 Global Tunnel Boring Machine (TBM) Production by Application (2021 VS 2025 VS 2032)
  8. 5.2.2 Global Tunnel Boring Machine (TBM) Production by Application (2021-2032)
  9. 5.2.3 Global Tunnel Boring Machine (TBM) Production Market Share by Application (2021-2032)
  10. 5.3 Global Tunnel Boring Machine (TBM) Production Value by Application
  11. 5.3.1 Global Tunnel Boring Machine (TBM) Production Value by Application (2021 VS 2025 VS 2032)
  12. 5.3.2 Global Tunnel Boring Machine (TBM) Production Value by Application (2021-2032)
  13. 5.3.3 Global Tunnel Boring Machine (TBM) Production Value Market Share by Application (2021-2032)
6 Company Profiles
  1. 6.1 Herrenknecht
  2. 6.1.1 Herrenknecht Company Information
  3. 6.1.2 Herrenknecht Business Overview
  4. 6.1.3 Herrenknecht Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  5. 6.1.4 Herrenknecht Tunnel Boring Machine (TBM) Product Portfolio
  6. 6.1.5 Herrenknecht Recent Developments
  7. 6.2 CRGIC
  8. 6.2.1 CRGIC Company Information
  9. 6.2.2 CRGIC Business Overview
  10. 6.2.3 CRGIC Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  11. 6.2.4 CRGIC Tunnel Boring Machine (TBM) Product Portfolio
  12. 6.2.5 CRGIC Recent Developments
  13. 6.3 CRCHI
  14. 6.3.1 CRCHI Company Information
  15. 6.3.2 CRCHI Business Overview
  16. 6.3.3 CRCHI Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  17. 6.3.4 CRCHI Tunnel Boring Machine (TBM) Product Portfolio
  18. 6.3.5 CRCHI Recent Developments
  19. 6.4 Tianhe Mechanical Equipment
  20. 6.4.1 Tianhe Mechanical Equipment Company Information
  21. 6.4.2 Tianhe Mechanical Equipment Business Overview
  22. 6.4.3 Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  23. 6.4.4 Tianhe Mechanical Equipment Tunnel Boring Machine (TBM) Product Portfolio
  24. 6.4.5 Tianhe Mechanical Equipment Recent Developments
  25. 6.5 Liaoning Censcience Industry Co., Ltd
  26. 6.5.1 Liaoning Censcience Industry Co., Ltd Company Information
  27. 6.5.2 Liaoning Censcience Industry Co., Ltd Business Overview
  28. 6.5.3 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  29. 6.5.4 Liaoning Censcience Industry Co., Ltd Tunnel Boring Machine (TBM) Product Portfolio
  30. 6.5.5 Liaoning Censcience Industry Co., Ltd Recent Developments
  31. 6.6 Komatsu
  32. 6.6.1 Komatsu Company Information
  33. 6.6.2 Komatsu Business Overview
  34. 6.6.3 Komatsu Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  35. 6.6.4 Komatsu Tunnel Boring Machine (TBM) Product Portfolio
  36. 6.6.5 Komatsu Recent Developments
  37. 6.7 NHI Group
  38. 6.7.1 NHI Group Company Information
  39. 6.7.2 NHI Group Business Overview
  40. 6.7.3 NHI Group Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  41. 6.7.4 NHI Group Tunnel Boring Machine (TBM) Product Portfolio
  42. 6.7.5 NHI Group Recent Developments
  43. 6.8 Kawasaki
  44. 6.8.1 Kawasaki Company Information
  45. 6.8.2 Kawasaki Business Overview
  46. 6.8.3 Kawasaki Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  47. 6.8.4 Kawasaki Tunnel Boring Machine (TBM) Product Portfolio
  48. 6.8.5 Kawasaki Recent Developments
  49. 6.9 IHI
  50. 6.9.1 IHI Company Information
  51. 6.9.2 IHI Business Overview
  52. 6.9.3 IHI Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  53. 6.9.4 IHI Tunnel Boring Machine (TBM) Product Portfolio
  54. 6.9.5 IHI Recent Developments
  55. 6.10 Terratec
  56. 6.10.1 Terratec Company Information
  57. 6.10.2 Terratec Business Overview
  58. 6.10.3 Terratec Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  59. 6.10.4 Terratec Tunnel Boring Machine (TBM) Product Portfolio
  60. 6.10.5 Terratec Recent Developments
  61. 6.11 SELI
  62. 6.11.1 SELI Company Information
  63. 6.11.2 SELI Business Overview
  64. 6.11.3 SELI Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  65. 6.11.4 SELI Tunnel Boring Machine (TBM) Product Portfolio
  66. 6.11.5 SELI Recent Developments
  67. 6.12 Tianye Tolian
  68. 6.12.1 Tianye Tolian Company Information
  69. 6.12.2 Tianye Tolian Business Overview
  70. 6.12.3 Tianye Tolian Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  71. 6.12.4 Tianye Tolian Tunnel Boring Machine (TBM) Product Portfolio
  72. 6.12.5 Tianye Tolian Recent Developments
  73. 6.13 Hitachi Zosen
  74. 6.13.1 Hitachi Zosen Company Information
  75. 6.13.2 Hitachi Zosen Business Overview
  76. 6.13.3 Hitachi Zosen Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  77. 6.13.4 Hitachi Zosen Tunnel Boring Machine (TBM) Product Portfolio
  78. 6.13.5 Hitachi Zosen Recent Developments
  79. 6.14 Xugong Kaigong
  80. 6.14.1 Xugong Kaigong Company Information
  81. 6.14.2 Xugong Kaigong Business Overview
  82. 6.14.3 Xugong Kaigong Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  83. 6.14.4 Xugong Kaigong Tunnel Boring Machine (TBM) Product Portfolio
  84. 6.14.5 Xugong Kaigong Recent Developments
  85. 6.15 STEC
  86. 6.15.1 STEC Company Information
  87. 6.15.2 STEC Business Overview
  88. 6.15.3 STEC Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  89. 6.15.4 STEC Tunnel Boring Machine (TBM) Product Portfolio
  90. 6.15.5 STEC Recent Developments
  91. 6.16 JIMT
  92. 6.16.1 JIMT Company Information
  93. 6.16.2 JIMT Business Overview
  94. 6.16.3 JIMT Tunnel Boring Machine (TBM) Production, Value and Gross Margin (2021-2026)
  95. 6.16.4 JIMT Tunnel Boring Machine (TBM) Product Portfolio
  96. 6.16.5 JIMT Recent Developments
7 Global Tunnel Boring Machine (TBM) Production by Region
  1. 7.1 Global Tunnel Boring Machine (TBM) Production by Region: 2021 VS 2025 VS 2032
  2. 7.2 Global Tunnel Boring Machine (TBM) Production by Region (2021-2032)
  3. 7.2.1 Global Tunnel Boring Machine (TBM) Production by Region (2021-2026)
  4. 7.2.2 Global Tunnel Boring Machine (TBM) Production Forecast by Region (2027-2032)
  5. 7.3 Global Tunnel Boring Machine (TBM) Production by Region: 2021 VS 2025 VS 2032
  6. 7.4 Global Tunnel Boring Machine (TBM) Production Value by Region (2021-2032)
  7. 7.4.1 Global Tunnel Boring Machine (TBM) Production Value by Region (2021-2026)
  8. 7.4.2 Global Tunnel Boring Machine (TBM) Production Value by Region (2027-2032)
  9. 7.5 Global Tunnel Boring Machine (TBM) Market Price Analysis by Region (2021-2032)
  10. 7.6 Regional Production Value Trends (2021-2032)
  11. 7.6.1 North America Tunnel Boring Machine (TBM) Production Value (2021-2032)
  12. 7.6.2 Europe Tunnel Boring Machine (TBM) Production Value (2021-2032)
  13. 7.6.3 Asia-Pacific Tunnel Boring Machine (TBM) Production Value (2021-2032)
  14. 7.6.4 South America Tunnel Boring Machine (TBM) Production Value (2021-2032)
  15. 7.6.5 Middle East & Africa Tunnel Boring Machine (TBM) Production Value (2021-2032)
8 Global Tunnel Boring Machine (TBM) Consumption by Region
  1. 8.1 Global Tunnel Boring Machine (TBM) Consumption by Region: 2021 VS 2025 VS 2032
  2. 8.2 Global Tunnel Boring Machine (TBM) Consumption by Region (2021-2032)
  3. 8.2.1 Global Tunnel Boring Machine (TBM) Consumption by Region (2021-2026)
  4. 8.2.2 Global Tunnel Boring Machine (TBM) Consumption by Region (2027-2032)
  5. 8.3 North America
  6. 8.3.1 North America Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  7. 8.3.2 North America Tunnel Boring Machine (TBM) Consumption by Country (2021-2032)
  8. 8.3.3 U.S.
  9. 8.3.4 Canada
  10. 8.3.5 Mexico
  11. 8.4 Europe
  12. 8.4.1 Europe Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  13. 8.4.2 Europe Tunnel Boring Machine (TBM) Consumption by Country (2021-2032)
  14. 8.4.3 Germany
  15. 8.4.4 France
  16. 8.4.5 U.K.
  17. 8.4.6 Italy
  18. 8.4.7 Netherlands
  19. 8.5 Asia Pacific
  20. 8.5.1 Asia Pacific Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  21. 8.5.2 Asia Pacific Tunnel Boring Machine (TBM) Consumption by Country (2021-2032)
  22. 8.5.3 China
  23. 8.5.4 Japan
  24. 8.5.5 South Korea
  25. 8.5.6 Southeast Asia
  26. 8.5.7 India
  27. 8.5.8 Australia
  28. 8.6 South America
  29. 8.6.1 South America Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  30. 8.6.2 South America Tunnel Boring Machine (TBM) Consumption by Country (2021-2032)
  31. 8.6.3 Brazil
  32. 8.6.4 Argentina
  33. 8.6.5 Chile
  34. 8.6.6 Colombia
  35. 8.7 Middle East & Africa
  36. 8.7.1 Middle East & Africa Tunnel Boring Machine (TBM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  37. 8.7.2 Middle East & Africa Tunnel Boring Machine (TBM) Consumption by Country (2021-2032)
  38. 8.7.3 Egypt
  39. 8.7.4 South Africa
  40. 8.7.5 Israel
  41. 8.7.6 Türkiye
  42. 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
  1. 9.1 Tunnel Boring Machine (TBM) Value Chain Analysis
  2. 9.1.1 Tunnel Boring Machine (TBM) Key Raw Materials
  3. 9.1.2 Raw Materials Key Suppliers
  4. 9.1.3 Manufacturing Cost Structure
  5. 9.1.4 Tunnel Boring Machine (TBM) Production Mode & Process
  6. 9.2 Tunnel Boring Machine (TBM) Sales Channels Analysis
  7. 9.2.1 Direct Comparison with Distribution Share
  8. 9.2.2 Tunnel Boring Machine (TBM) Distributors
  9. 9.2.3 Tunnel Boring Machine (TBM) Customers
10 Concluding Insights
    11 Appendix
    1. 11.1 Reasons for Doing This Study
    2. 11.2 Research Methodology
    3. 11.3 Research Process
    4. 11.4 Authors List of This Report
    5. 11.5 Data Source
    6. 11.5.1 Secondary Sources
    7. 11.5.2 Primary Sources
    8. 11.6 Disclaimer

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