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:
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.
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.