Shield Machine Market Insights Video

According to Cognitive Market Research, The Global Shield Machine market size is USD 4.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.00% from 2023 to 2030.

• Growing due to the increasing demand for tunneling solutions that can address challenging geological conditions, minimize surface disruption and meet environmental and safety requirements. 
• Demand for slurry shield machines remains higher in the Shield Machine Market by type.
• The railway and Highway category held the largest application of Shield Machine Market share in 2023.
• In 2023, North American construction and engineering firms have accumulated expertise in shield machine operation and tunneling. This expertise contributes to the successful use of shield machines in various projects.