Tunneling and Rock Drilling Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW    

Tunneling and rock drilling equipment are machines used to construct tunnels, shafts, and underground passages. These are also used for creating holes in rocks and other hard surfaces. The equipment is used for a variety of purposes, such as excavation, material removal, drilling, blasting, and shotcreting. They are used for many infrastructure projects, such as creating tunnels for water, gas, and electricity lines, road construction, and mining activities. The tunneling and rock drilling equipment market is driven by the rise in infrastructural development activities. The increasing demand for urbanization is also driving the tunneling and rock drilling equipment market. Additionally, technological advancements have improved the accuracy and efficiency of the equipment, which is expected to further boost tunneling and rock drilling equipment market growth.         

MARKET DYNAMICS

This equipment is cost-saving as well as reduce the time of the construction. Additionally, this equipment also provides analytical tools to facilitate the design of tunnels. These factors are driving the growth of the tunneling and rock drilling equipment market. However, the tunneling and rock drilling equipment have a high periodic maintenance cost, which could be a restraint for the growth of the market. Technological advancement has resulted in greater use of underground tunnel construction, which creates a lucrative opportunity for the market player of tunneling and rock drilling equipment market.

MARKET SCOPE

The "Global Tunneling and Rock Drilling Equipment Market Analysis to 2031" is a specialized and in-depth study of the tunneling and rock drilling equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview of tunneling and rock drilling equipment market with detailed market segmentation by of type, application, and geography. The global tunneling and rock drilling equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tunneling and rock drilling equipment market players and offers key trends and opportunities in the tunneling and rock drilling equipment market.

MARKET SEGMENTATION

The global tunneling and rock drilling equipment market is segmented based on type, application. Based on type the tunneling and rock drilling equipment market is segmented as medium-sized, large-sized, heavy-sized, others. Based on application, the tunneling and rock drilling equipment market is segmented as construction, mining.   

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tunneling and rock drilling equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tunneling and rock drilling equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting tunneling and rock drilling equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the tunneling and rock drilling equipment market in these regions.

MARKET PLAYERS

The reports cover key developments in the tunneling and rock drilling equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from tunneling and rock drilling equipment are anticipated to lucrative growth opportunities in the future with the rising demand for tunneling and rock drilling equipment in the global market. Below mentioned is the list of few companies engaged in the tunneling and rock drilling equipment market.

The report also includes the profiles of key tunneling and rock drilling equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.   

• AKKERMAN
• ASTEC INDUSTRIES, INC.
• Atlas Copco AB
• Bessac - Tunnels & Microtunnels
• China Communications Construction Company Limited.
• China Railway Eryuan Engineering Group CO. LTD.
• HERRENKNECHT AG
• Hitachi Zosen Corporation
• Sandvik Construction
• SANYHE International Holdings Co., Ltd.

Tunneling and Rock Drilling Equipment Report Scope