Shield Tunnel Boring Machine Trends and Forecast
The future of the global shield tunnel boring machine market looks promising with opportunities in the segmental lining and pipe jacking markets. The global shield tunnel boring machine market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing urban development projects, growing focus on transportation networks, and rising demand for efficient and cost-effective tunnelling solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Shield Tunnel Boring Machine by Segment
The study includes a forecast for the global shield tunnel boring machine by type, application, and region.
Shield Tunnel Boring Machine Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Single Shield TBM
• Double Shield TBM
• Gripper TBM
• Slurry TBM
• Others
Shield Tunnel Boring Machine Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Segmental Lining
• Pipe Jacking
• Others
Shield Tunnel Boring Machine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Shield Tunnel Boring Machine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shield tunnel boring machine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shield tunnel boring machine companies profiled in this report include-
• Herrenknecht
• Komatsu
• The Robbins Company
• Mitsubishi
• Kawasaki Heavy Industries
• Hitachi Zosen
• The Boring Company
Shield Tunnel Boring Machine Market Insights
Lucintel forecasts that double shield TBM is expected to witness highest growth over the forecast period.
Within this market, segmental lining will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Shield Tunnel Boring Machine Market
Market Size Estimates: Shield tunnel boring machine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Shield tunnel boring machine market size by type, application, and region in terms of value ($B).
Regional Analysis: Shield tunnel boring machine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the shield tunnel boring machine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shield tunnel boring machine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for shield tunnel boring machine market?
Answer: The global shield tunnel boring machine market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the shield tunnel boring machine market?
Answer: The major drivers for this market are increasing urban development projects, growing focus on transportation networks, and rising demand for efficient and cost-effective tunnelling solutions.
Q3. What are the major segments for shield tunnel boring machine market?
Answer: The future of the shield tunnel boring machine market looks promising with opportunities in the segmental lining and pipe jacking markets.
Q4. Who are the key shield tunnel boring machine market companies?
Answer: Some of the key shield tunnel boring machine companies are as follows:
• Herrenknecht
• Komatsu
• The Robbins Company
• Mitsubishi
• Kawasaki Heavy Industries
• Hitachi Zosen
• The Boring Company
Q5. Which shield tunnel boring machine market segment will be the largest in future?
Answer: Lucintel forecasts that double shield TBM is expected to witness highest growth over the forecast period.
Q6. In shield tunnel boring machine market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the shield tunnel boring machine market by type (single shield TBM, double shield TBM, gripper TBM, slurry TBM, and others), application (segmental lining, pipe jacking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Shield Tunnel Boring Machine Market, Shield Tunnel Boring Machine Market Size, Shield Tunnel Boring Machine Market Growth, Shield Tunnel Boring Machine Market Analysis, Shield Tunnel Boring Machine Market Report, Shield Tunnel Boring Machine Market Share, Shield Tunnel Boring Machine Market Trends, Shield Tunnel Boring Machine Market Forecast, Shield Tunnel Boring Machine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.