Tunnel Boring Machines Market to Surpass $11.5 Billion by 2035

 


Driven by Urban Infrastructure, Railways, and Hydropower Projects

According to the latest findings from DataString Consulting, the global Tunnel Boring Machines (TBM) market is projected to reach $11.5 billion by 2035, rising from an estimated $7.1 billion in 2024. The growth is primarily fueled by large-scale applications in urban infrastructure, mining, hydropower development, and railway and highway construction.

Tunnel Boring Machines, especially Shield TBMs, are widely utilized for railway and highway tunneling projects due to their high efficiency in complex geological conditions. Market leaders like Herrenknecht AG and The Robbins Company continue to innovate in this space, developing machines recognized for structural strength, operational safety, and accelerated excavation capabilities.

In urban development, TBMs play a pivotal role in constructing metro networks and water pipeline systems while minimizing surface disruptions. Machines like Slurry TBMs and Earth Pressure Balance TBMs are in high demand for their precision and ability to handle water-heavy environments. Companies such as Terratec and Mitsubishi Heavy Industries are known for providing advanced, project-specific TBMs equipped with cutting-edge technologies tailored for urban tunneling.

Market Evolution and Strategic Landscape

The TBM industry is experiencing a notable shift in usage—from traditional transportation tunnels to expanded applications in sanitation, water supply, and renewable hydropower infrastructure. Notably, the Advanced Robbins Crossover XRE has demonstrated success in hydroelectric projects across the Himalayan terrain, showcasing the adaptability of TBMs across geologically diverse and environmentally sensitive landscapes.

Regional Outlook

The North American market is witnessing robust growth, driven by rising investments in rail, pipeline, and energy infrastructure. Innovations from Herrenknecht AG and The Robbins Company are reshaping tunneling capabilities in the region. The momentum is further boosted by high-speed rail initiatives and sustainability-focused infrastructure development.

Report Scope

  • Product Types: Hard Rock TBM, Soft Ground TBM, Dual Mode TBM

  • Applications: Traffic Tunneling, Utility Tunneling

  • Technologies: Slurry TBM, Shield TBM, EPB TBM, Micro TBM

  • End-Use Industries: Mining, Railways & Highways, Municipal Infrastructure

👉 Explore the full report here

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