Global Shield Tunnel Boring Machine Market Overview:
Shield tunnel boring machine (TBM) are used as per the type of geology in place of tunneling i.e., soft rock, hard rock, soil type, water content. Manufacturing and maintenance of shield TBM is itself a challenge owing to its huge size, weight, and continuous advancing of technology and its power. Tunnels boring are mainly done for pipe jacking, road and railway tunnels. Herrenknecht is the global leader in the manufacturing, supplying and maintenance of shield TBM. The shield tunneling method is a style of excavation using a shield in front of a tunnel or pipe jack. This is aimed for providing a frame, maintaining face stabilization and minimizing ground movement. Some of the key players profiled in the study are Herrenknecht AG (Germany), Komatsu Ltd. (Japan), The Robbins Company (United States), Mitsubishi Heavy Industries, Ltd. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Hitachi Zosen Corporation (Japan) and The Boring Company (United States).
On the basis of geography, the market of Shield Tunnel Boring Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Geology , the sub-segment i.e. Soft Ground will boost the Shield Tunnel Boring Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tunneling Method, the sub-segment i.e. Segmental Lining will boost the Shield Tunnel Boring Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Cutter head will boost the Shield Tunnel Boring Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Traffic infrastructure projects
- Rising focus towards micro-tunneling
Market Trend
- Increase in adoption in Mining industry
Restraints
Opportunities
- Technological advancement through automation and rock cutting technology
Challenges
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Target Audience:
OEMs, Component Manufactures, Mining Companies, Infrastructure Developers, Aftermarket Vendors, Suppliers and Distributors and Government Agencies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Shield Tunnel Boring Machine market on the basis of product [Single Shield TBM, Double Shield TBM, Gripper TBM, Slurry TBM and Others] , application [Segmental Lining and Pipe Jacking], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Shield Tunnel Boring Machine market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Shield Tunnel Boring Machine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Shield Tunnel Boring Machine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.