Shield Tunnel Boring Machine (TBM) Market 2017-2025: Industry Size, Share, Demand, Trends, Key Players, Regional Outlook, Segmentation, Global Research Report

Market Overview

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. 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. Herrenknecht assisted to bore the longest train tunnel in the world in 2017, of 57-kilometer long Gotthard Tunnel, cutting through the Swiss Alps. In 2017, a startup named The Boring Company is launched by Tesla and SpaceX, aims to make advancement in cost and speed of digging tunnels. Competition in the tunnel boring industry is rising with the entry of new players, and manufacturing of advanced technology based machines. Densely populated Countries such as China, India and Middle East have opportunity for new or expanded subway system.

Goldstein Research analyst forecast that the global shield tunnel boring machine market size is set to grow at a CAGR of 8.4% over the forecast period. Global earthmoving equipment market is anticipated to reach the valuation of USD 212.36 billion by 2025 from USD 119.96 billion in 2017, which is growing at a CAGR of 7.4% over the forecast period attributed to growing number of large scale construction projects paired with the enhancement in after-sales services.

Market Segmentation

By Components

• Cutter head
• Shield
• Belt Conveyor
• Muck chutes and Muck ring

By Product Type

• Single Shield TBM
• Double Shield TBM
• Gripper TBM
• Slurry TBM
• Earth Pressure Balance Shield TBM
• Mix Shield TBM

By Tunneling Method

• Segmental Lining
• Pipe Jacking

Based on Geography

• North America (U.S. & Canada)  Shield Tunnel Boring Machine Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Shield Tunnel Boring Machine Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  Shield Tunnel Boring Machine Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Shield Tunnel Boring Machine Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Shield Tunnel Boring Machine Market {Market Share (%), Market Size (USD Billion)}

Shield TBM Market Share by Region & by Product Type

Based on geography, Europe accounted for largest market share of 36.2% in 2017 of the total global shield tunnel boring machine. The major manufacturers of shield TBM are headquartered in Europe such as Herrenknecht headquarters in Germany. Asia-Pacific Shield tunnel boring machine market is expected to grow at fastest rate of 8.45% annually over the forecast period. Asia-Pacific region is experiencing highest number of tunnel construction mainly in countries such as China, India, Japan, Malaysia, Vietnam, Philippines, Uzbekistan and Kazakhstan. In 2016, China completed its first longest tunnel project from China to Uzbekistan of total 47.3 km length, promoting the growth of Uzbekistan railway and local economy.

On the basis of product type, double shield TBM accounted for largest market share of 36.4% in 2017. Double shield TBM is capable of doing both the functions of single and gripper TBM. Double shield TBM are suitable in all kinds of rock types, with providing highest safety to machine personnel at the geology fault zones.

Market Dynamics

With the growth in population there is lack of space for commutation, there is rising trend in construction of subways. Such as in China and Taiwan over past 3 decades, subway system is being intensively developed, which is expected to reach 40 complete subway systems by 2020.

The advancement in technology for upgrading the present transportation system and future possibilities are driving the growing demand for shield TBM. Elon Musk, owner of Tesla and SpaceX, has entered into tunneling industry with futuristic view of Hyperloop technology, a future mass transportation concept, which could carry passengers in a pod through a high-speed vacuum tunnel.

The uncertain situation relating to geology activities are the major challenges faced in deployment of shield TBM. The presence of hard rocks like large boulders in the excavation can impact the performance and also may damage the cutterhead. Working continuously for longer period of time can also cause instability and air losses in the course of compressed air interventions, resulting in development of large sink holes.

Covered in This Global Shield Tunnel Boring Machine Market Report

The report covers the present ground scenario and the future growth prospects of the shield tunnel boring machine market for 2017-2025 along with the global sales and global revenue of the Shield TBM. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of number of shield TBM manufactured, deployment of shield TBM in number of sites, installation of old shield TBM on sites by the startups, and technology advancement.

Shield tunnel boring machine (TBM) market report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Shield tunnel boring machine market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global shield tunnel boring machine market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Global Shield tunnel boring machine market report comprises of the following companies as the key players in the Shield tunnel boring machine market.

•  Herrenknecht AG
•  Komatsu Ltd.
•  The Robbins Company
•  Mitsubishi Heavy Industries Ltd.
•  Kawasaki Heavy Industries Ltd.
•  Hitachi Zosen Corporation
•  The Boring Company

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Target Audience for the Report

• OEMs
• Component Manufactures
• Mining Companies
• Infrastructure Developers
• Aftermarket Vendors
• Suppliers and Distributors
• Government Agencies

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Key questions answered in this Report

• What is the total market size by 2025 and what would be the expected growth rate?
• What is the revenue of Shield tunnel boring machine market in 2016-17 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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