Global Microtunnel Machine Market Growth 2025-2031

The global Microtunnel Machine market size is predicted to grow from US$ 578 million in 2025 to US$ 1005 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Microtunnel Machine Industry Forecast” looks at past sales and reviews total world Microtunnel Machine sales in 2024, providing a comprehensive analysis by region and market sector of projected Microtunnel Machine sales for 2025 through 2031. With Microtunnel Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microtunnel Machine industry.

This Insight Report provides a comprehensive analysis of the global Microtunnel Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microtunnel Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Microtunnel Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microtunnel Machine and breaks down the forecast by Type, by Ground Conditions, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microtunnel Machine.

This report presents a comprehensive overview, market shares, and growth opportunities of Microtunnel Machine market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Earth Pressure Balance Machines
Slurry Shield (SS)
Pilot Tube Microtunneling (PTMT)
Auger Boring
Vacuum Extraction TBM
Others

Segmentation by Ground Conditions:
Rock
Sand
Clay
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microtunnel Machine market?

What factors are driving Microtunnel Machine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microtunnel Machine market opportunities vary by end market size?

How does Microtunnel Machine break out by Type, by Ground Conditions?

Please note: The report will take approximately 2 business days to prepare and deliver.