Global Microtunnel Machine Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Microtunnel Machine market size was valued at US$ 558 million in 2024 and is forecast to a readjusted size of USD 1024 million by 2031 with a CAGR of 9.1% during review period.
Microtunnel Machine, also called 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.
The Microtunnel Machine market is dominated by a few major players, with Herrenknecht, Vermeer and Akkerman being the core players in the industry, accounting for about 30% of the global market share. These companies are known for their technological innovation and efficient production capabilities, and offer a wide range of tunnel boring equipment suitable for complex underground infrastructure projects. At the same time, the market concentration is moderate, and small and medium-sized enterprises in other regions and countries are also participating in the competition in this field, especially in the Asia-Pacific region.
In terms of regional distribution, the Asia-Pacific region is the world's largest Microtunnel Machine market, accounting for about 67% of the market share. The increasing demand for underground pipeline systems in China, India and Southeast Asian countries during urbanization has driven market growth in this region. This is followed by Europe and North America, accounting for 13% and 11% respectively. The market maturity in these regions is relatively high, mainly driven by infrastructure maintenance and modernization, but emerging markets such as the Middle East and Africa also show potential.
In terms of future development trends, with the global emphasis on environmental protection and infrastructure construction, the Microtunnel Machine market will continue to grow. The accelerated urbanization process and the increasing demand for underground projects such as drainage and cable pipelines will bring new opportunities to the industry. However, the industry also faces challenges, such as high equipment costs, technical barriers and intensified competition. In the future, manufacturers need to strengthen technological innovation, especially in green construction and digital control, to meet stricter environmental regulations and market demands.
This report is a detailed and comprehensive analysis for global Microtunnel Machine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Ground Conditions. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Microtunnel Machine market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market size and forecasts, by Type and by Ground Conditions, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Microtunnel Machine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Microtunnel Machine market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Akkerman, mts Microtunneling Systems GmbH, Herrenknecht AG, CRCHI, Terratec, Vermeer Corporation, Bohrtec, Anhui Tangxing Machinery Equipment, Zhenjiang Hongyu Mechanical & Electrical Equipment Co., Ltd., RASA Industries, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Microtunnel Machine market is split by Type and by Ground Conditions. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Ground Conditions in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Earth Pressure Balance Machines
Slurry Shield (SS)
Pilot Tube Microtunneling (PTMT)
Auger Boring
Vacuum Extraction TBM
Others
Market segment by Ground Conditions
Rock
Sand
Clay
Others
Major players covered
Akkerman
mts Microtunneling Systems GmbH
Herrenknecht AG
CRCHI
Terratec
Vermeer Corporation
Bohrtec
Anhui Tangxing Machinery Equipment
Zhenjiang Hongyu Mechanical & Electrical Equipment Co., Ltd.
RASA Industries
Herrenknecht AG
Realtop Heavy Industry
SUNLIGHT
Dingguan Heavy Industries Co., Ltd
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Microtunnel Machine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Microtunnel Machine, with price, sales quantity, revenue, and global market share of Microtunnel Machine from 2020 to 2025.
Chapter 3, the Microtunnel Machine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Microtunnel Machine breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Ground Conditions, with sales market share and growth rate by Type, by Ground Conditions, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Microtunnel Machine market forecast, by regions, by Type, and by Ground Conditions, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Microtunnel Machine.
Chapter 14 and 15, to describe Microtunnel Machine sales channel, distributors, customers, research findings and conclusion.
Microtunnel Machine, also called 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.
The Microtunnel Machine market is dominated by a few major players, with Herrenknecht, Vermeer and Akkerman being the core players in the industry, accounting for about 30% of the global market share. These companies are known for their technological innovation and efficient production capabilities, and offer a wide range of tunnel boring equipment suitable for complex underground infrastructure projects. At the same time, the market concentration is moderate, and small and medium-sized enterprises in other regions and countries are also participating in the competition in this field, especially in the Asia-Pacific region.
In terms of regional distribution, the Asia-Pacific region is the world's largest Microtunnel Machine market, accounting for about 67% of the market share. The increasing demand for underground pipeline systems in China, India and Southeast Asian countries during urbanization has driven market growth in this region. This is followed by Europe and North America, accounting for 13% and 11% respectively. The market maturity in these regions is relatively high, mainly driven by infrastructure maintenance and modernization, but emerging markets such as the Middle East and Africa also show potential.
In terms of future development trends, with the global emphasis on environmental protection and infrastructure construction, the Microtunnel Machine market will continue to grow. The accelerated urbanization process and the increasing demand for underground projects such as drainage and cable pipelines will bring new opportunities to the industry. However, the industry also faces challenges, such as high equipment costs, technical barriers and intensified competition. In the future, manufacturers need to strengthen technological innovation, especially in green construction and digital control, to meet stricter environmental regulations and market demands.
This report is a detailed and comprehensive analysis for global Microtunnel Machine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Ground Conditions. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Microtunnel Machine market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market size and forecasts, by Type and by Ground Conditions, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031
Global Microtunnel Machine market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Microtunnel Machine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Microtunnel Machine market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Akkerman, mts Microtunneling Systems GmbH, Herrenknecht AG, CRCHI, Terratec, Vermeer Corporation, Bohrtec, Anhui Tangxing Machinery Equipment, Zhenjiang Hongyu Mechanical & Electrical Equipment Co., Ltd., RASA Industries, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Microtunnel Machine market is split by Type and by Ground Conditions. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Ground Conditions in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Earth Pressure Balance Machines
Slurry Shield (SS)
Pilot Tube Microtunneling (PTMT)
Auger Boring
Vacuum Extraction TBM
Others
Market segment by Ground Conditions
Rock
Sand
Clay
Others
Major players covered
Akkerman
mts Microtunneling Systems GmbH
Herrenknecht AG
CRCHI
Terratec
Vermeer Corporation
Bohrtec
Anhui Tangxing Machinery Equipment
Zhenjiang Hongyu Mechanical & Electrical Equipment Co., Ltd.
RASA Industries
Herrenknecht AG
Realtop Heavy Industry
SUNLIGHT
Dingguan Heavy Industries Co., Ltd
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Microtunnel Machine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Microtunnel Machine, with price, sales quantity, revenue, and global market share of Microtunnel Machine from 2020 to 2025.
Chapter 3, the Microtunnel Machine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Microtunnel Machine breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Ground Conditions, with sales market share and growth rate by Type, by Ground Conditions, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Microtunnel Machine market forecast, by regions, by Type, and by Ground Conditions, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Microtunnel Machine.
Chapter 14 and 15, to describe Microtunnel Machine sales channel, distributors, customers, research findings and conclusion.
Table of Contents
119 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Microtunnel Machine by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Ground Conditions
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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