“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. 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.
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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.
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.
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The report titled “Shield Tunnel Boring Machine Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers 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.
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.
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