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 the key vendors operating in this market.
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 the key vendors 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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