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Global Tunneling and Rock Drilling Equipment Market 2017-2021

Global Tunneling and Rock Drilling Equipment Market 2017-2021

About Tunneling and Rock Drilling Equipment

Tunneling and rock drilling equipment is a machine used to create massive holes in the earth's subsurface. These holes can be used for the extraction of minerals or construction of infrastructure projects such as underground tunnels. The types of equipment which are generally categorized as tunneling and rock drilling equipment are tunnel boring machine (TBM), tapping equipment, reaming, and so on.

Technavio’s analysts forecast the global tunneling and rock drilling equipment market to grow at a CAGR of 4.88% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tunneling and rock drilling equipment market for 2017-2021. To calculate the market size, the report presents the list of the key prominent vendors offering their product in the global market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Tunneling and Rock Drilling Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of operating in this market.

Key vendors
  • Atlas Copco
  • Bessac - Tunnels & Microtunnels
  • Hitachi Zosen
  • Sandvik Construction
  • SANYHE International Holdings
  • HERRENKNECHT
Other prominent vendors
  • Akkerman
  • Astec Industries
  • China Railway Engineering Corporation
  • China Communications Construction Company
  • DH Mining System (dhms)
  • Furukawa Rock Drill
  • GHH Mining Machines
  • IHI
  • Kawasaki Heavy Industries
  • Komatsu
  • JIM Technology (JIMT)
  • SCHMITTWERKE (IBS)
  • STEC
  • S.E.L.I.
  • Joy Global
  • Mine Master
  • mts Perforator
  • NHI (NFM Technologies)
  • Hermann Paus Maschinenfabrik
  • PVE Piling & Vibro Equipment
  • RDH Mining Equipment
  • Northern Heavy Industries Group
  • Sunward Equipment Group
  • TERRATEC
  • XCMG Group
Market driver
  • Infrastructure growth around the globe.
  • For a full, detailed list, view our report
Market challenge
  • Geological complexities in tunneling and rock drilling operations.
  • For a full, detailed list, view our report
Market trend
  • Mining automation driving growth for tunneling and rock drilling equipment.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are in this market space?
  • What are the market opportunities and threats faced by the key vendors??
  • What are the strengths and weaknesses of the key vendors??


Press Release

Technavio Announces the Publication of its Research Report – Global Tunneling and Rock Drilling Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global tunneling and rock drilling equipment market: Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, and HERRENKNECHT.

Other Prominent Vendors in the market are: Akkerman, Astec Industries, China Railway Engineering Corporation, China Communications Construction Company, DH Mining System (dhms), Furukawa Rock Drill, GHH Mining Machines, IHI, Kawasaki Heavy Industries, Komatsu, JIM Technology (JIMT), SCHMITTWERKE (IBS), STEC, S.E.L.I., Joy Global, Mine Master, mts Perforator, NHI (NFM Technologies), Hermann Paus Maschinenfabrik, PVE Piling & Vibro Equipment, RDH Mining Equipment, Northern Heavy Industries Group, Sunward Equipment Group, TERRATEC, and XCMG Group.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is innovation in tunnel dismantling machine. An innovative solution is explored with the development of new type of TBM. In the construction of MTR West Island 703 of the Hong Kong subway system, the newly constructed tunnel was required to relate to existing tunnel. The contractors of Bouygues Travaux involved in the project faced the challenge to excavate the loose soil around the dense area with utility networks, skyscrapers, and tower foundations. Thus, the company partnered with CSM Bessac, which is one of the major TBM manufacturers that designed and developed world's first tunnel dismantling machine (TDM). TDM works in reverse principal with the machine, emptying the tunnel segment from behind and filling them with cement with arm located in front. It provides concrete lining along the face of the tunnel and prevents it from collapsing. The support helps to achieve linear lining of the tunnel. The backward movement of the machine is achieved by using compressed air technology.”

According to the report, one driver in market is advances in technologies. Technological advances have resulted in greater use of underground tunnel construction as technologies enable easy access to construction in any terrain. Electronic monitors and sensors placed in the TBM help in smooth functioning of the machine while digging, avoiding existing structures in the process. TBM technology has grown exponentially in the last 20 years as better and bigger technology and precise engineering have made it possible to tunnel through the deeper underground surface. The development of machinery in the last 50 years resulted in an immense saving in the construction of tunnels worldwide. These machineries provide cost saving as well as reduce the time of construction by a great margin. The innovations have led to the construction of such projects, which were once considered as impossible. These machineries also provide analytical tools to facilitate the design of tunnels.

Further, the report states that one challenges in market is geological complexities in tunneling and rock drilling operations. Every key aspect of the tunneling process is influenced by the geology of the area. Sub-standard investigation of the surroundings may result in project delay, which if not rectified at the earliest would result in major accidents, affecting the overall cost of the project. Moreover, the inefficiency often leads to extra work on detailing and alignment of the project. A detailed topographical survey is always recommended and required before the beginning of a project to identify the significant features such as faults zones, streams, and cracks. The problems encountered during tunneling are constituted by geological characters like a high level of seismicity, gas leakage, geothermal gradient, thrust zones, shear zones, folded rock sequence, in-situ stresses, rock cover, and so on.

Companies Mentioned

Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, HERRENKNECHT, Akkerman, Astec Industries, China Railway Engineering Corporation, China Communications Construction Company, DH Mining System (dhms), Furukawa Rock Drill, GHH Mining Machines, IHI, Kawasaki Heavy Industries, Komatsu, JIM Technology (JIMT), SCHMITTWERKE (IBS), STEC, S.E.L.I., Joy Global, Mine Master, mts Perforator, NHI (NFM Technologies), Hermann Paus Maschinenfabrik, PVE Piling & Vibro Equipment, RDH Mining Equipment, Northern Heavy Industries Group, Sunward Equipment Group, TERRATEC, and XCMG Group.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Market size calculation: Supply side
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global tunneling and rock drilling equipment market by application ($ billion)
      • Table Global tunneling and rock drilling equipment market by geography ($ billions)
  • Market landscape
    • Market overview
      • Table Market segmentation of global tunneling and rock drilling equipment market
    • Market size and forecast
      • Table Global tunneling and rock drilling equipment market 2016-2021 ($ billions)
      • Table Under construction tunnel projects worldwide as on 2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global tunneling and rock drilling equipment market by application
      • Table Global tunneling and rick drilling equipment market share by application
    • Global tunneling and rock drilling equipment market in mining industry
      • Table Global tunneling and rock drilling equipment market in mining industry 2016-2021 ($ billions)
    • Global tunneling and rock drilling equipment market in construction industry
      • Table Global tunneling and rock drilling equipment revenue from construction industry 2016-2021 ($ billions)
  • Geographical segmentation
    • Global tunneling and rock drilling equipment market by geography
      • Table Global tunneling and rock drilling equipment market share by geography 2016-2021
    • Tunneling and rock drilling equipment market in APAC
      • Table Tunneling and rock drilling equipment market in APAC 2016-2021 ($ billions)
      • Table Major ongoing infrastructure projects in APAC as on 2015
    • Tunneling and rock drilling equipment market in EMEA
      • Table Tunneling and rock drilling equipment in EMEA 2016-2021($ billions)
      • Table Major infrastructure projects in EMEA as on 2015
    • Tunneling and rock drilling equipment market in Americas
      • Table Tunneling and rock drilling equipment market in Americas ($ billions)
      • Table Major infrastructure projects in Americas 2016-2025
  • Market drivers
    • Table Evolution of TBM
    • Table Metro projects across India
    • Table Global infrastructure investment 2016
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Characters of geological characters
    • Table Features of directional drilling
    • Table YOY oil prices growth 2008-2016 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Working with tunneling and rock drilling equipment
    • Table Challenges for implementation
    • Table Longest tunnels worldwide
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Atlas Copco
      • Table Atlas Copco: Business segmentation
      • Table Atlas Copco: Global tunneling and rock drilling equipment market
      • Table Atlas Copco: Key news
    • Bessac - Tunnels & Microtunnels
      • Table Bessac - Tunnels & Microtunnels: Products and services
      • Table Bessac - Tunnels & Microtunnels: Tunneling and rock drilling equipment
      • Table Bessac - Tunnels & Microtunnels: Key news
    • Hitachi Zosen
      • Table Hitachi Zosen: Business domains
      • Table Hitachi Zosen: Global tunneling and rock drilling equipment market
    • Sandvik Construction
      • Table Sandvik Construction: Segmentation
      • Table Sandvik Construction: Global tunneling and rock drilling equipment market
      • Table Sandvik Construction: Key news
    • SANYHE International Holdings
      • Table SANYHE International Holdings: Equipment market
      • Table SANYHE International Holdings: Global tunneling and rock drilling equipment market
      • Table SANYHE International Holdings: Key news
    • HERRENKNECHT
      • Table HERRENKNECHT: Equipment market
      • Table HERRENKNECHT: Global tunneling and rock drilling equipment market
      • Table HERRENKNECHT: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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