The global tunneling and drilling equipment market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for underground mining, growing construction industry, and increasing oil and gas exploration activities.
The global tunneling and drilling equipment market is segmented on the basis of type (single shield TBM, double shield TBM, gripper TBM), application (mining, oil & gas, construction), and region (North America, Latin America, Europe Asia Pacific & Middle East & Africa). The single shield TBMs segment accounted for the largest share in the global tunneling and drilling equipment market in 2018. This can be attributed to its high penetration rate in various applications such as mining or construction.
Some Of The Growth Factors Of This Market:
- The need for drilling equipment is increasing due to the increase in oil and gas exploration activities.
- The demand for drilling equipment is expected to grow as a result of the increased use of hydraulic fracturing, which requires more drilling rigs and other related equipment.
- The demand for tunneling and drilling equipment is expected to grow as a result of the increased use of hydraulic fracturing, which requires more tunneling rigs and other related equipment.
- Increased investment in infrastructure projects will also drive growth in this market segment over the forecast period.
- Increasing environmental concerns are driving up demand for environmentally friendly technologies such as electric-powered vehicles, which will lead to an increase in demand for electric-powered tunneling machines.
Industry Growth Insights published a new data on “Tunneling and Drilling Equipment Market”. The research report is titled “Tunneling and Drilling Equipment Market research by Types (Single Shield TBM, Double Shield TBM, Gripper TBM, Other), By Applications (Mining, Oil and Gas, Construction, Other), By Players/Companies Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, Herrenknecht AG, Akkerman, Astec Industries, China Railway Engineering Corporatio, China Communications Construction Company, DH Mining System (dhms), Furukawa Rock Drill, GHH Mining Machines, IHI”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tunneling and Drilling Equipment Market Research Report
By Type
Single Shield TBM, Double Shield TBM, Gripper TBM, Other
By Application
Mining, Oil and Gas, Construction, Other
By Companies
Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, Herrenknecht AG, Akkerman, Astec Industries, China Railway Engineering Corporatio, China Communications Construction Company, DH Mining System (dhms), Furukawa Rock Drill, GHH Mining Machines, IHI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Tunneling and Drilling Equipment Market Report Segments:
The global Tunneling and Drilling Equipment market is segmented on the basis of:
Types
Single Shield TBM, Double Shield TBM, Gripper TBM, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Oil and Gas, Construction, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- Bessac - Tunnels & Microtunnels
- Hitachi Zosen
- Sandvik Construction
- SANYHE International Holdings
- Herrenknecht AG
- Akkerman
- Astec Industries
- China Railway Engineering Corporatio
- China Communications Construction Company
- DH Mining System (dhms)
- Furukawa Rock Drill
- GHH Mining Machines
- IHI
Highlights of The Tunneling and Drilling Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Shield TBM
- Double Shield TBM
- Gripper TBM
- Other
- By Application:
- Mining
- Oil and Gas
- Construction
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tunneling and Drilling Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tunneling and drilling equipment is used to create tunnels or holes in the ground. It can be used for a variety of purposes, including mining, construction, and oil and gas extraction.
Some of the major companies in the tunneling and drilling equipment market are Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, Herrenknecht AG, Akkerman, Astec Industries, China Railway Engineering Corporatio, China Communications Construction Company, DH Mining System (dhms), Furukawa Rock Drill, GHH Mining Machines, IHI.
The tunneling and drilling equipment market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tunneling and Drilling Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tunneling and Drilling Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tunneling and Drilling Equipment Market - Supply Chain
4.5. Global Tunneling and Drilling Equipment Market Forecast
4.5.1. Tunneling and Drilling Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tunneling and Drilling Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tunneling and Drilling Equipment Market Absolute $ Opportunity
5. Global Tunneling and Drilling Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
5.3.1. Single Shield TBM
5.3.2. Double Shield TBM
5.3.3. Gripper TBM
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tunneling and Drilling Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Oil and Gas
6.3.3. Construction
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tunneling and Drilling Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tunneling and Drilling Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tunneling and Drilling Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tunneling and Drilling Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tunneling and Drilling Equipment Demand Share Forecast, 2019-2026
9. North America Tunneling and Drilling Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tunneling and Drilling Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Oil and Gas
9.4.3. Construction
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
9.7.1. Single Shield TBM
9.7.2. Double Shield TBM
9.7.3. Gripper TBM
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tunneling and Drilling Equipment Demand Share Forecast, 2019-2026
10. Latin America Tunneling and Drilling Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tunneling and Drilling Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Oil and Gas
10.4.3. Construction
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
10.7.1. Single Shield TBM
10.7.2. Double Shield TBM
10.7.3. Gripper TBM
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tunneling and Drilling Equipment Demand Share Forecast, 2019-2026
11. Europe Tunneling and Drilling Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tunneling and Drilling Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Oil and Gas
11.4.3. Construction
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
11.7.1. Single Shield TBM
11.7.2. Double Shield TBM
11.7.3. Gripper TBM
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tunneling and Drilling Equipment Demand Share, 2019-2026
12. Asia Pacific Tunneling and Drilling Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tunneling and Drilling Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Oil and Gas
12.4.3. Construction
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
12.7.1. Single Shield TBM
12.7.2. Double Shield TBM
12.7.3. Gripper TBM
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tunneling and Drilling Equipment Demand Share, 2019-2026
13. Middle East & Africa Tunneling and Drilling Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tunneling and Drilling Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tunneling and Drilling Equipment Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Oil and Gas
13.4.3. Construction
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tunneling and Drilling Equipment Market Size and Volume Forecast by Type
13.7.1. Single Shield TBM
13.7.2. Double Shield TBM
13.7.3. Gripper TBM
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tunneling and Drilling Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tunneling and Drilling Equipment Market: Market Share Analysis
14.2. Tunneling and Drilling Equipment Distributors and Customers
14.3. Tunneling and Drilling Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Copco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bessac - Tunnels & Microtunnels
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi Zosen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sandvik Construction
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SANYHE International Holdings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Herrenknecht AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Akkerman
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Astec Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Railway Engineering Corporatio
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. China Communications Construction Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DH Mining System (dhms)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Furukawa Rock Drill
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GHH Mining Machines
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. IHI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
