The global market for Tunneling and Rock Drilling Equipment was estimated at US$17.8 Billion in 2024 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 1.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Tunneling and Rock Drilling Equipment market.
The growth of the tunneling and rock drilling equipment market is driven primarily by the increasing demand for infrastructure development being the most prominent. As urbanization and population growth accelerate, there is a heightened need for expanded and modernized transportation networks, utility tunnels, and efficient mining operations to meet the growing resource demands. The surge in infrastructure projects necessitates advanced tunneling and drilling solutions capable of operating under diverse and challenging conditions. Additionally, technological advancements significantly propel market growth. Innovations such as electronic monitors and sensors integrated into TBMs enhance operational precision and safety by detecting and navigating around obstacles, thereby preventing potential damage to existing structures. These advancements also contribute to cost savings and reduced construction timelines. Furthermore, the development of energy-efficient and environmentally friendly machinery aligns with the global shift towards sustainable construction practices, further fueling market expansion.
The tunneling and rock drilling equipment market continues to evolve towards greater automation, sustainability, and technological sophistication. The adoption of automation and digitalization is a significant trend, with advanced telematics and IoT (Internet of Things) technologies enabling real-time monitoring and control of equipment, thereby improving efficiency, safety, and productivity on construction sites. Another emerging trend is the increasing use of alternative power sources, such as electric and hybrid engines, in tunneling and drilling equipment. Such a shift is driven by the need to reduce carbon emissions and operational costs, reflecting a growing emphasis on sustainable and environmentally friendly practices. Additionally, innovations like the tunnel dismantling machine (TDM), which operates on a reverse principle to deconstruct tunnel segments and fill them with cement, demonstrate the market`s commitment to advancing technology and providing new solutions for complex infrastructure projects. These trends highlight the dynamic nature of the market and its critical role in supporting global infrastructure development and resource extraction, ensuring that the equipment remains at the cutting edge of modern construction practices.
Tunneling and Rock Drilling Equipment - Key Trends and Drivers
Tunneling and rock drilling equipment encompass a comprehensive array of specialized machinery and tools essential for creating tunnels, boreholes, and other subterranean excavations through rock and soil. These equipment types are vital in numerous projects, including transportation tunnels for railways, subways, and roads, utility tunnels for water, sewage, and gas pipelines, as well as mining operations and other underground infrastructure developments. The primary categories of tunneling equipment include Tunnel Boring Machines (TBMs), roadheaders, and drill and blast equipment. TBMs, often referred to as 'moles,' are sophisticated machines capable of boring through hard rock or soft soil with precision, and are sub-categorized into shielded TBMs, open TBMs, Earth Pressure Balance (EPB) TBMs, and slurry shield TBMs, each designed for specific ground conditions. Roadheaders, equipped with a rotating cutting head mounted on a boom, are used for medium to hard rock excavation. In the realm of rock drilling equipment, the industry employs rotary drills, percussion drills, diamond drills, and hydraulic drills, each tailored to specific drilling tasks ranging from mining operations to geological exploration and construction projects.The growth of the tunneling and rock drilling equipment market is driven primarily by the increasing demand for infrastructure development being the most prominent. As urbanization and population growth accelerate, there is a heightened need for expanded and modernized transportation networks, utility tunnels, and efficient mining operations to meet the growing resource demands. The surge in infrastructure projects necessitates advanced tunneling and drilling solutions capable of operating under diverse and challenging conditions. Additionally, technological advancements significantly propel market growth. Innovations such as electronic monitors and sensors integrated into TBMs enhance operational precision and safety by detecting and navigating around obstacles, thereby preventing potential damage to existing structures. These advancements also contribute to cost savings and reduced construction timelines. Furthermore, the development of energy-efficient and environmentally friendly machinery aligns with the global shift towards sustainable construction practices, further fueling market expansion.
The tunneling and rock drilling equipment market continues to evolve towards greater automation, sustainability, and technological sophistication. The adoption of automation and digitalization is a significant trend, with advanced telematics and IoT (Internet of Things) technologies enabling real-time monitoring and control of equipment, thereby improving efficiency, safety, and productivity on construction sites. Another emerging trend is the increasing use of alternative power sources, such as electric and hybrid engines, in tunneling and drilling equipment. Such a shift is driven by the need to reduce carbon emissions and operational costs, reflecting a growing emphasis on sustainable and environmentally friendly practices. Additionally, innovations like the tunnel dismantling machine (TDM), which operates on a reverse principle to deconstruct tunnel segments and fill them with cement, demonstrate the market`s commitment to advancing technology and providing new solutions for complex infrastructure projects. These trends highlight the dynamic nature of the market and its critical role in supporting global infrastructure development and resource extraction, ensuring that the equipment remains at the cutting edge of modern construction practices.
SCOPE OF STUDY:
The report analyzes the Tunneling and Rock Drilling Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: End-Use (Mining End-Use, Construction End-Use)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Mining End-Use segment, which is expected to reach US$11.6 Billion by 2030 with a CAGR of a 1.8%. The Construction End-Use segment is also set to grow at 1.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $4.8 Billion in 2024, and China, forecasted to grow at an impressive 3.5% CAGR to reach $3.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Tunneling and Rock Drilling Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Tunneling and Rock Drilling Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Tunneling and Rock Drilling Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Akkerman, Canyon Equipment, Casagrande S.p.A., DUX Machinery Corporation, FURUKAWA ROCK DRILL co.ltd and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 53 companies featured in this Tunneling and Rock Drilling Equipment market report include:
- Akkerman
- Canyon Equipment
- Casagrande S.p.A.
- DUX Machinery Corporation
- FURUKAWA ROCK DRILL co.ltd
- Herrenknecht
- Hitachi Zosen Corporation
- Kawasaki Heavy Industries Ltd.
- Litian Heavy Industry Machinery Co., Ltd.
- Obayashi Corporation
- Sandvik AB
- Sinovo Group
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. (Huatai)
- Zhengzhou Kaishan Mechanical & Electrical Equipment Co., Ltd.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akkerman
- Canyon Equipment
- Casagrande S.p.A.
- DUX Machinery Corporation
- FURUKAWA ROCK DRILL co.ltd
- Herrenknecht
- Hitachi Zosen Corporation
- Kawasaki Heavy Industries Ltd.
- Litian Heavy Industry Machinery Co., Ltd.
- Obayashi Corporation
- Sandvik AB
- Sinovo Group
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. (Huatai)
- Zhengzhou Kaishan Mechanical & Electrical Equipment Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 191 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 17.8 Billion |
| Forecasted Market Value ( USD | $ 19.5 Billion |
| Compound Annual Growth Rate | 1.6% |
| Regions Covered | Global |
