Tunneling And Rock Drilling Equipment Global Market Report 2025

The tunneling and rock drilling equipment market size has grown steadily in recent years. It will grow from $14.26 billion in 2024 to $14.93 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period can be attributed to the increasing demand for infrastructure development, rapid urbanization, a rise in mining activities, growing demand for energy resources, and increased government investments in public works.

The tunneling and rock drilling equipment market size is expected to see steady growth in the next few years. It will grow to $17.76 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to the increasing focus on renewable energy projects, rising demand for smart cities, growth in automation and digitalization within construction, expanding investments in transportation infrastructure, and the growing need for efficient tunneling techniques. Key trends during the forecast period include advancements in automation technology, development of advanced drill rigs with improved efficiency, innovations in tunnel boring machines, progress in remote monitoring and control systems, and the use of advanced materials for enhanced durability and performance.

The increasing infrastructure development activities are expected to stimulate the growth of the tunneling and rock drilling equipment market going forward. Infrastructure development involves the planning, construction, and maintenance of critical physical systems such as transportation, energy, water, and communication networks. The surge in infrastructure projects is fueled by economic expansion and urbanization, which increase the need for improved transport, energy, and public utility networks. Tunneling and rock drilling equipment facilitate these activities by enabling efficient underground excavation and rock removal, which are crucial for building tunnels, roads, and utilities. These tools enhance project speed and safety, supporting the construction of durable and complex infrastructure systems. For example, in July 2024, the Office for National Statistics, a UK government agency, reported that infrastructure sector investment reached $17.25 billion (£13.8 billion) in 2023, reflecting a 3.9% rise from 2022. Therefore, the growth in infrastructure development activities is driving demand for tunneling and rock drilling equipment.

Leading companies in the tunneling and rock drilling equipment market are prioritizing the development of advanced technologies such as emission-free surface drills, aimed at minimizing environmental impact and complying with sustainability and regulatory requirements. Emission-free surface drills are machines powered by electricity or alternative clean energy sources designed to operate without emitting harmful gases. For instance, in November 2023, Sandvik AB, a Sweden-based engineering and manufacturing firm, launched its second battery-electric concept surface drill rig. This innovative rig can drill down-the-hole (DTH) holes up to 229 mm (9 inches) in diameter. It combines battery-powered mobility with the steady output of a cable-connected system, creating a hybrid design that improves operational flexibility and reduces emissions during surface drilling.

In July 2024, Komatsu Ltd., a Japan-based machinery manufacturer, acquired GHH Group GmbH for an undisclosed amount. Through this acquisition, Komatsu intends to strengthen its position in underground mining and tunneling equipment, advance its technology, and broaden its global reach across Europe, Africa, and India. GHH Group GmbH is a Germany-based company specializing in tunneling and rock drilling machinery manufacturing.

Major players in the tunneling and rock drilling equipment market are Caterpillar Inc., Komatsu Ltd., Liebherr-International AG (Liebherr Group), Atlas Copco AB, Xuzhou Construction Machinery Group Co. Ltd. (XCMG Group), Kawasaki Heavy Industries Ltd., SANY Group Co. Ltd., Sandvik AB, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited (JCB Ltd.), Zoomlion Heavy Industry Science & Technology Co. Ltd., Epiroc AB, Astec Industries Inc., Boart Longyear Ltd., Sunward Intelligent Equipment Co. Ltd., Normet Group Oy, Herrenknecht Aktiengesellschaft (Herrenknecht AG), The Robbins Company, Furukawa Rock Drill Co. Ltd., and China National Machinery Industry Corporation (SINOMACH) - Changlin Company.

North America was the largest region in the tunneling and rock drilling equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in tunneling and rock drilling equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the tunneling and rock drilling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tunneling and rock drilling equipment comprises specialized machinery and tools designed for excavating tunnels and drilling through rock formations, commonly used in construction, mining, and infrastructure development projects. These machines are built to break, cut, or bore through various types of rock and soil to create underground spaces or access mineral deposits. They play a crucial role in projects such as subway construction, road tunnels, hydroelectric power plants, and mining operations.

The primary categories of tunneling and rock drilling equipment include tunneling equipment and rock drilling equipment. Tunneling equipment consists of specialized machinery used for tunnel excavation, such as tunnel boring machines (TBMs), drills, and conveyors. These machines are powered by electric, hydraulic, diesel, or other sources, and their control systems range from manual to semi-automatic and fully automated. Sales channels include direct sales, distributors and dealers, online sales, and rental services, serving end-user industries like construction, mining, oil and gas, renewable energy, and water and wastewater treatment.

The tunneling and rock drilling equipment market research report is one of a series of new reports that provides tunneling and rock drilling equipment market statistics, including the tunneling and rock drilling equipment industry global market size, regional shares, competitors with the tunneling and rock drilling equipment market share, detailed tunneling and rock drilling equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the tunneling and rock drilling equipment industry. This tunneling and rock drilling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The tunneling and rock drilling equipment market consists of sales of hydraulic drills, percussion drills, blast hole drills, horizontal directional drills, roadheaders, and hydraulic breakers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.