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Tunneling and Rock Drilling Equipment Market 2017-2023 | Key Players Hitachi Zosen Corporation, Sandvik Construction, SANYHE International Holdings, HERRENKNECHT AG and Others

02-21-2019 08:43 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Tunneling and Rock Drilling Equipment Market

Tunneling and Rock Drilling Equipment Market

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.

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The market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into medium-sized, large-sized, heavy-sized, and other. On the basis of application, the market is segmented into mining and construction. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits
• Porters five forces model helps analyze the potential of buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
• It outlines the current trends and future scenario of the market from 2016 to 2023 to understand the prevailing opportunities and investment pockets.
• This report provides an in-depth analysis of the tunneling and rock drilling equipment market to identify potential investment pockets.
• The key drivers, restraints, opportunities, and their detailed impact analyses have been elucidated.

The key players that operate in the market include Atlas Copco AB, Bessac - Tunnels & Microtunnels, Hitachi Zosen Corporation, Sandvik Construction, SANYHE International Holdings Co., Ltd., HERRENKNECHT AG, AKKERMAN, ASTEC INDUSTRIES, INC., China Railway Eryuan Engineering Group CO. LTD., and China Communications Construction Company Limited.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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