Industrial, Manufacturing & Heavy Industry Market News

Recent research: Rising urbanization and technological advancements in shield tunnel boring machines

Industrial Market Research

Shield tunnel boring machine is referred to a tunnel boring machine (TBM) which is used for making tunnels. Shield tunnel boring machine is widely used in the construction of subways, railways, roads and others. Shield tunnel boring machine are used as an alternative for drilling and blasting methods in rocks. Shield tunnel boring machine reduces the cost of lining the tunnel and makes them suitable to use in heavily urbanized areas.

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Shield Tunnel Boring Machine Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

The global shield tunnel boring machine market is segmented by type such as single shield tunnel boring machine and double shield tunnel boring machine. Further, double shield tunnel boring machine segment is expected to grow during the forecast period owing to its high speed of tunneling.

Further, high productivity of double shield tunnel boring machines and growing constructional activities across the globe are expected to escalate the growth of global double shield tunnel boring machine market in upcoming years.

Global shield tunnel boring machine market is expected to grow at a remarkable CAGR over the forecast period.

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Moreover, the Global Shield Tunnel Boring Machine Market is expected to grow on the back of rising constructional activities such as expansion of railway network and development of new tunnels. Further, technological advancements in shield tunnel boring machines are also anticipated to increase the demand for shield tunnel boring machines across the globe.

The road and railway segments by application are likely to expand at a remarkable pace over the forecast period. Governments of developing and developed countries are spending huge capital to enhance transportation infrastructure.

Further, increasing construction of new tunnels or underground passage ways are envisioned to increase the demand for shield tunnel boring machines in future.

Urban Infrastructure Development

Rapid urbanization in developing countries such as China & India are increasing the constructional activities. Further, growing construction of railway tunnels, road tunnels and underground passageways are escalating the demand for shield tunnel boring machines.

For instance, recently Indian government launched a 10.89 km tunnel in Jammu Kashmir.  

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Government Initiatives and Programs

Governments are initiating various construction projects in both developed and developing countries. For example, China is constructing a 12 km long high speed train tunnel bellow great wall.

Additionally, ability of shield tunnel boring machines to bore even hard rock strata makes them more desirable for such conditions. However, extreme high cost of shield tunnel boring machines and high maintenance cost are likely to hinder the growth of the shield tunnel boring machine market in the near future.

The report titled Shield Tunnel Boring Machine Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluationdelivers detailed overview of the global shield tunnel boring machine market in terms of market segmentation by type, by application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global shield tunnel boring machine market which includes company profiling of Robbins Company Inc., Nfm-Technologie SA, Herrenknecht AG, Hitachi Zosen Corporation, Terratec Ltd.., Bradshaw Company Corporation, Mitsubishi Heavy Industries, Ltd., Caterpillar Inc., Kawasaki Heavy Industries, Ltd, and Komatsu Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.

On the whole, the report depicts detailed overview of the global shield tunnel boring machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment.

We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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Category: Market Research Publishers and RetailersCompany about: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...
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