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Global Tunneling and Rock Drilling Equipment Market 2020-2024

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    Report

  • 120 Pages
  • December 2020
  • Region: Global
  • TechNavio
  • ID: 5232333
1h Free Analyst Time

Market Growth Has Experienced a Change of -6.53% YoY in 2020

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The tunneling and rock drilling equipment market is poised to grow by $985.74 million during 2020-2024 progressing at a CAGR of 3% during the forecast period.

This report on the tunneling and rock drilling equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the advances in technologies, growth in urban rail systems and infrastructure growth around the globe. In addition, advances in technologies is anticipated to boost the growth of the market as well.

The tunneling and rock drilling equipment market analysis includes application segment and geographical landscapes.

The tunneling and rock drilling equipment market is segmented as below:

By Application
  • Mining
  • Construction

By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • MEA
  • South America

This study identifies the innovation in tunnel dismantling machine as one of the prime reasons driving the tunneling and rock drilling equipment market growth during the next few years. Also, mining automation driving growth for tunneling and rock drilling equipment and increased underground construction will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

This report on the tunneling and rock drilling equipment market covers the following areas:
  • Tunneling and rock drilling equipment market sizing
  • Tunneling and rock drilling equipment market forecast
  • Tunneling and rock drilling equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tunneling and rock drilling equipment market vendors that include Astec Industries Inc., Atlas Copco AB, Furukawa Electric Co. Ltd., Hitachi Zosen Corp., Hyundai Motor Co., IHI Corp., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Sandvik AB, and Xugong Group Construction Machinery Co. Ltd. Also, the tunneling and rock drilling equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

The market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Table of Contents

Executive Summary
  • Market Overview

Market Landscape
  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application
  • Market segments
  • Comparison by Application
  • Mining - Market size and forecast 2019-2024
  • Construction - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape
  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Astec Industries Inc.
  • Atlas Copco AB
  • Furukawa Electric Co. Ltd.
  • Hitachi Zosen Corp.
  • Hyundai Motor Co.
  • IHI Corp.
  • Kawasaki Heavy Industries Ltd.
  • Komatsu Ltd.
  • Sandvik AB
  • Xugong Group Construction Machinery Co. Ltd.

Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibits
1: Key Finding 1
2: Key Finding 2
3: Key Finding 3
4: Key Finding 5
5: Key Finding 6
6: Key Finding 7
7: Key Finding 8
8: Parent market
9: Market characteristics
10: Offerings of vendors included in the market definition
11: Market segments
12: Global - Market size and forecast 2019-2024 ($ million)
13: Global market: Year-over-year growth 2019-2024 (%)
14: Five forces analysis 2019 & 2024
15: Bargaining power of buyers
16: Bargaining power of suppliers
17: Threat of new entrants
18: Threat of substitutes
19: Threat of rivalry
20: Market condition - Five forces 2019
21: Application - Market share 2019-2024 (%)
22: Comparison by Application
23: Mining - Market size and forecast 2019-2024 ($ million)
24: Mining - Year-over-year growth 2019-2024 (%)
25: Construction - Market size and forecast 2019-2024 ($ million)
26: Construction - Year-over-year growth 2019-2024 (%)
27: Market opportunity by Application
28: Customer landscape
29: Market share by geography 2019-2024 (%)
30: Geographic comparison
31: APAC - Market size and forecast 2019-2024 ($ million)
32: APAC - Year-over-year growth 2019-2024 (%)
33: North America - Market size and forecast 2019-2024 ($ million)
34: North America - Year-over-year growth 2019-2024 (%)
35: Europe - Market size and forecast 2019-2024 ($ million)
36: Europe - Year-over-year growth 2019-2024 (%)
37: MEA - Market size and forecast 2019-2024 ($ million)
38: MEA - Year-over-year growth 2019-2024 (%)
39: South America - Market size and forecast 2019-2024 ($ million)
40: South America - Year-over-year growth 2019-2024 (%)
41: Key leading countries
42: Market opportunity by geography ($ million)
43: Impact of drivers and challenges
44: Vendor landscape
45: Landscape disruption
46: Industry risks
47: Vendors covered
48: Market positioning of vendors
49: Astec Industries Inc. - Overview
50: Astec Industries Inc. - Business segments
51: Astec Industries Inc. - Key offerings
52: Astec Industries Inc. - Key customers
53: Astec Industries Inc. - Segment focus
54: Atlas Copco AB - Overview
55: Atlas Copco AB - Business segments
56: Atlas Copco AB - Key offerings
57: Atlas Copco AB - Key customers
58: Atlas Copco AB - Segment focus
59: Furukawa Electric Co. Ltd. - Overview
60: Furukawa Electric Co. Ltd. - Business segments
61: Furukawa Electric Co. Ltd. - Key offerings
62: Furukawa Electric Co. Ltd. - Key customers
63: Furukawa Electric Co. Ltd. - Segment focus
64: Hitachi Zosen Corp. - Overview
65: Hitachi Zosen Corp. - Business segments
66: Hitachi Zosen Corp. - Key offerings
67: Hitachi Zosen Corp. - Key customers
68: Hitachi Zosen Corp. - Segment focus
69: Hyundai Motor Co. - Overview
70: Hyundai Motor Co. - Business segments
71: Hyundai Motor Co. - Key offerings
72: Hyundai Motor Co. - Key customers
73: Hyundai Motor Co. - Segment focus
74: IHI Corp. - Overview
75: IHI Corp. - Business segments
76: IHI Corp. - Key offerings
77: IHI Corp. - Key customers
78: IHI Corp. - Segment focus
79: Kawasaki Heavy Industries Ltd. - Overview
80: Kawasaki Heavy Industries Ltd. - Business segments
81: Kawasaki Heavy Industries Ltd. - Key offerings
82: Kawasaki Heavy Industries Ltd. - Key customers
83: Kawasaki Heavy Industries Ltd. - Segment focus
84: Komatsu Ltd. - Overview
85: Komatsu Ltd. - Business segments
86: Komatsu Ltd. - Key offerings
87: Komatsu Ltd. - Key customers
88: Komatsu Ltd. - Segment focus
89: Sandvik AB - Overview
90: Sandvik AB - Business segments
91: Sandvik AB - Key offerings
92: Sandvik AB - Key customers
93: Sandvik AB - Segment focus
94: Xugong Group Construction Machinery Co. Ltd. - Overview
95: Xugong Group Construction Machinery Co. Ltd. - Product and service
96: Xugong Group Construction Machinery Co. Ltd. - Key offerings
97: Xugong Group Construction Machinery Co. Ltd. - Key customers
98: Xugong Group Construction Machinery Co. Ltd. - Segment focus
99: Currency conversion rates for US$
100: Research Methodology
101: Validation techniques employed for market sizing
102: Information sources
103: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global tunneling and rock drilling equipment market: Astec Industries Inc., Atlas Copco AB, Furukawa Electric Co. Ltd., Hitachi Zosen Corp., Hyundai Motor Co., IHI Corp., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Sandvik AB, and Xugong Group Construction Machinery Co. Ltd.

According to one of the team's analysts: The latest trend gaining momentum in the market is innovation in tunnel dismantling machine.

According to the report, one of the major drivers for this market is the advances in technologies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Astec Industries Inc.
  • Atlas Copco AB
  • Furukawa Electric Co. Ltd.
  • Hitachi Zosen Corp.
  • Hyundai Motor Co.
  • IHI Corp.
  • Kawasaki Heavy Industries Ltd.
  • Komatsu Ltd.
  • Sandvik AB
  • Xugong Group Construction Machinery Co. Ltd.