Press release
Global Tunneling and Rock Drilling Equipment Market Size, Share, Development by 2025 - QY Research, Inc.
Tunneling and rock drilling equipment is machinery used to create huge holes in the earths subsurface. The holes can be used to construct infrastructure projects such as underground tunnels or to extract minerals.
A rapid increase in technology is the primary driver of the market. As technology has developed, it has enabled tunneling and drilling at the most critical areas too. Also, the monitors and sensors make way for the smooth functioning of the tunneling and drilling process, thus increasing the demand for it. Advancements in the tunneling process and the latest trend of dismantling tunnels are expected to create future opportunities. However, the tunneling and rock drilling equipment need timely maintenance, which could be a restraint for the market.
APAC dominated the tunneling and rock drilling equipment during the forecast period. The rising infrastructural activities are the key contributor to the dominance of the tunneling and rock drilling equipment market in the region.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Tunneling and Rock Drilling Equipment in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Atlas Copco
Hitachi Zosen
Sandvik Construction
…
By the product type, the market is primarily split into
Medium-Sized
Large-Sized
Heavy-Sized
Others
By the end users/application, this report covers the following segments
Mining
Construction
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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