Tunneling and Rock Drilling Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2028

The Tunneling and Rock Drilling Equipment Market size is expected to grow at an annual average of CAGR 2% during the forecast period (2022-2028). Tunneling and rock drilling rigs are machines used to make huge holes in underground surfaces. The hole can be used for mineral extraction and construction projects such as underground tunnels. The rapid development of technology is a major driver for the tunneling and rock drilling rig market. Increasing mining projects is also boosting the growth of the market. The development of infrastructure projects and new innovations in construction projects lead to an increase in the use of tunneling and rock drilling rigs, which stimulates the growth of the market. In addition, sensors and monitors make the drilling and tunneling process run smoothly, increasing the demand for the tunneling and rock drilling rig market.

The following segmentation are covered in this report:

By Application

• Mining
• Construction

By Type

• Medium-Sized
• Large-Sized
• Heavy-Sized
• Others

Company Profile

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

Scope of the report

The research study analyses the Tunneling and Rock Drilling Equipment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Tunneling and Rock Drilling Equipment Market Report

• What was the Tunneling and Rock Drilling Equipment Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Tunneling and Rock Drilling Equipment Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Tunneling and Rock Drilling Equipment Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.