Shield Tunnel Boring Machine Market to Grow with a CAGR of 5.19% through 2028
Growing demand for public transportation systems and rising
investments in renewable energy projects are likely to drive the market in the
forecast period.
According to TechSci Research report, “Shield
Tunnel Boring Machine Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Shield
Tunnel Boring Machine Market stood at USD 6.08 billion in 2022 and is
anticipated to grow with a CAGR of 5.19% in the forecast period. One of the
primary drivers propelling the global Shield Tunnel Boring Machine (TBM) market
is the relentless trend of urbanization and the subsequent surge in
infrastructure development. As the world's population continues to gravitate
toward urban centers in search of economic opportunities and an improved
quality of life, cities are under pressure to expand and enhance their
transportation networks, sewage systems, and underground utilities. TBMs are
essential tools in this process, enabling the efficient excavation of tunnels
for critical infrastructure projects such as subways, underground railways, and
utility passages. They offer several advantages, including reduced surface
disruption, quicker construction timelines, and improved safety compared to traditional
excavation methods. As urbanization
continues at an unprecedented pace, the demand for TBMs remains robust, making
them indispensable assets for meeting the infrastructure needs of growing
cities. This driver is underpinned by the global imperative to alleviate
traffic congestion, reduce pollution, and create sustainable urban
environments, ensuring the sustained growth of the Shield TBM market.
The growing
focus on environmental sustainability and stringent regulatory standards is
another pivotal driver shaping the global Shield TBM market. Governments and
regulatory bodies worldwide are increasingly mandating environmentally
responsible construction practices to mitigate the adverse effects of
infrastructure development on the environment.
TBMs play a crucial role in meeting these sustainability goals. They are
preferred for tunnel construction due to their ability to minimize surface
disruption, noise pollution, and overall environmental footprint compared to
conventional drilling and blasting methods. Consequently, government policies
and regulations often promote the use of TBMs as part of eco-friendly
construction practices. Incentives, subsidies, and stringent adherence to
environmental performance standards encourage construction companies to opt for
TBMs in tunneling projects. This emphasis on environmental responsibility
ensures the continued relevance and growth of the Shield TBM market as it
aligns with global efforts to reduce the ecological impact of construction
activities and create more sustainable infrastructure solutions.
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The Global Shield Tunnel Boring Machine Market is
segmented into components, product type, tunneling method, and region.
Based on components, The Cutter Head segment had the
largest market share in 2022 & expected to maintain it in the forecast
period. The primary purpose of a TBM is
to excavate tunnels, and the Cutter Head is the component responsible for this
crucial function. It consists of a rotating set of cutting tools or discs that breakthrough
various geological formations, including rock, soil, and mixed conditions. The
efficiency and effectiveness of the Cutter Head directly impact the TBM's
ability to progress through the tunneling project. Different tunneling projects
encounter diverse geological conditions, ranging from soft soil to hard rock.
Cutter Heads are customized to match these conditions, with varying types of
cutting tools, disc configurations, and materials. This adaptability ensures
that TBMs can handle a wide range of ground conditions, making the Cutter Head
a versatile and dominant component. The rate at which a TBM can excavate and
advance through the tunnel is a critical factor in project timelines and
cost-effectiveness. A well-designed Cutter Head can significantly enhance the
TBM's productivity by efficiently breaking through the ground, minimizing
downtime for maintenance, and reducing wear and tear on cutting tools. The
Cutter Head plays a pivotal role in ensuring the safety of tunneling
operations. It helps create a stable tunnel face, preventing collapses and
ensuring the safety of workers inside the TBM. Its precision in excavation
minimizes the risk of over-excavation or under-excavation, which can lead to
project delays and safety hazards. The
Cutter Head component has seen continuous innovation and technological
advancements over the years. Manufacturers invest in research and development
to improve the design, materials, and cutting technology of Cutter Heads. This
drive for innovation has led to the development of more efficient and versatile
Cutter Heads, further solidifying their dominance in the TBM market.
Based on the tunneling method, The Segmental Lining
segment had the largest market share in 2022 and is projected to experience
rapid growth during the forecast period. Segmental Lining is particularly
well-suited for urban tunneling projects, such as subways, underground
railways, and utility tunnels. In densely populated areas, minimizing surface
disruption and ensuring the stability of surrounding structures is paramount.
Segmental Lining accomplishes this effectively by providing a precise and
structurally sound tunnel lining. One of
the key strengths of Segmental Lining is its adaptability to diverse geological
conditions. TBMs equipped with Segmental Lining capabilities can handle
different soil types and rock formations, as well as mixed ground conditions.
This flexibility makes it a versatile choice for tunneling projects in various
regions and geological settings. Segmental Lining allows for a continuous and
efficient tunneling process. As the TBM advances, precast concrete segments are
installed to form the tunnel's lining, ensuring that the tunnel remains stable
and safe. This method minimizes the need for additional support measures and
allows for faster progress compared to other lining methods. Speed is critical
for urban projects where minimizing disruption and meeting tight timelines are
essential. Segmental lining provides a high level of structural integrity to
the tunnel, ensuring long-term stability and safety. Precast concrete segments
are manufactured to precise specifications, reducing the risk of issues such as
tunnel deformation or settlement. This is particularly important for tunnels
located beneath critical infrastructure or densely populated areas. Segmental
Lining has a well-established track record of success in a wide range of tunneling
projects around the world. Its reliability and performance have made it a
trusted method for tunnel construction, garnering the confidence of project
developers, engineers, and governments.
Major companies operating in the Global Shield
Tunnel Boring Machine Market are:
- Herrenknecht
AG
- Komatsu
Ltd
- The
Robbins Company
- Mitsubishi
Heavy Industries, Ltd.
- Kawasaki
Heavy Industries, Ltd.
- Hitachi
Zosen Corporation
- China
Railway Construction Corporation
- Tianhe
Mechanical Equipment Co., Ltd
- Liaoning
Censcience Industry Co., Ltd.
- Shanghai
Tunnel Engineering Co., Ltd.
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“The Global Shield Tunnel Boring Machine market is
expected to rise in the upcoming years and register a significant CAGR during
the forecast period. The growing global trend of urbanization is a key driver
propelling the Shield Tunnel Boring Machine (TBM) market. As more people flock
to urban centers, there is an escalating need for expanded transportation
networks, underground railways, and utility tunnels. TBMs are essential for
efficient tunnel construction, offering reduced surface disruption, accelerated
project timelines, and improved safety. Meeting the demands of urban
infrastructure expansion drives the adoption of TBMs, ensuring their continued
prominence in the construction and infrastructure sector. As cities expand,
TBMs play a vital role in enabling sustainable urban development and addressing
transportation challenges. Therefore, the market of Shield Tunnel Boring
Machine is expected to boost in the upcoming years.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Shield Tunnel Boring Machine Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Components (Cutter Head, Shield, Belt Conveyor, Muck Chutes, 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), By Region, By Competition”, has evaluated
the future growth potential of Global Shield Tunnel Boring Machine Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Shield Tunnel Boring Machine
Market.
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