Transportation Segment to Dominate North America Tunnel Boring Machine Market during 2019–2027

According to a new market research study on “North America Tunnel Boring Machine Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, Geology, and End-User” is expected to reach US$ 2,106.47 million by 2027 from US$ 1,448.63 million in 2019. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The report provides trends prevailing in the North America tunnel boring machine market along with the drivers and restraints pertaining to the market growth. Increasing infrastructure projects related to roads is the major factor driving the growth of the North America tunnel boring machine market. However, issues associated with huge initial investment hinders the growth of North America tunnel boring machine market.

The North America tunnel boring machine market is segmented into type, geology, end-user, and country. Based on type, the market is segmented into slurry TBM, earth pressure balance shield, open gripper, shielded, multi-mode, and others. Slurry TBM segment held the largest market share of North America tunnel boring machine market in 2019. In terms of geology, the market is divided into soft ground, hard rock ground, variable ground, and heterogeneous ground. Soft ground segment held the largest market share of North America tunnel boring machine market in 2019. Based on end-user, the tunnel boring machine market is segmented into transportation, metals & mining, oil & gas, and others. Transportation segment held the largest market share of North America tunnel boring machine market in 2019.

North America is severely affected by the COVID-19 pandemic. North America, particularly the US, witnessed an unprecedented rise in the number of confirmed cases resulting in large-scale lockdown across different regions and industrial activities. It is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, a huge industrial base, and the high adoption of automation in various industries, especially in developed countries such as the US and Canada. Hence, any hindrance on the growth of industries adversely affects the economic growth of the region. In January 2021, due to a pandemic, restrictions were imposed by British Columbia, Canada. Thus, it disrupted work at construction locations of a Rio Tinto hydropower project and BC Hydro’s Site C dam. The project is likely to resume operations after receiving an approval to surge the number of onsite workers to safely operate the tunnel boring machine. Moreover, the component manufacturer, supply chain, and distributor's lack of availability have significantly disrupted the production of tunnel boring machines. Thus, the market witnessed a drop in the demand from the end-users in 2020 and it is likely to recover from the impact of the COVID-19 pandemic in mid-2021.

Dalian Huarui Heavy Industry Group Co., Ltd.; Herrenknecht AG; Hitachi Zosen corporation; IHI Corporation; Kawasaki Heavy Industries, Ltd.; Komatsu Ltd.; TERRATEC Ltd.; The Robbins Company are among the leading companies in the North America tunnel boring machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Hitachi Zosen Corporation declared that the Tunnel Boring Machine (TBM) known as “Bertha” has completed mining for the SR 99 Alaskan Way Viaduct Replacement Project in Seattle.

The report segments the North America Tunnel Boring Machine Market follows:

North America Tunnel Boring Machine Market – By Type

• Slurry TBM
• Earth Pressure Balance Shield TBM
• Open Gripper TBM
• Shielded TBM
• Multi-Mode TBM
• Other Types

North America Tunnel Boring Machine Market – By Geology

• Soft Ground
• Hard Rock Ground
• Variable Ground
• Heterogeneous Ground

North America Tunnel Boring Machine Market – By End-User

• Transportation
• Metals & Mining
• Oil & Gas
• Other End-Users

 North America Tunnel Boring Machine Market – By Country

• US
• Canada
• Mexico