Tunneling and Rock Drilling Equipment Market by Application and Geography - Forecast and Analysis 2020-2024
- Published: Dec 2020
- Pages: 120
- SKU: IRTNTR46394
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The tunneling and rock drilling equipment market size has the potential to grow by USD 985.74 million during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 3.14%.
This report provides a detailed analysis of the market by application (mining and construction), geography (APAC, North America, Europe, MEA, and South America), and key vendors.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Tunneling and Rock Drilling Equipment Market
Market Competitive Analysis
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 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.
The tunneling and rock drilling equipment market is fragmented and the vendors are deploying growth strategies such as infrastructural development to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as rapid rise in technologies to achieve growth opportunities. However, factors such as geological complexities in tunneling and rock drilling operations will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the tunneling and rock drilling equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This tunneling and rock drilling equipment market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Tunneling and Rock Drilling Equipment Market: Key Drivers and Trends
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Tunneling and Rock Drilling Equipment Market: Segmentation by Geography
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48% of the market's growth will originate from APAC during the forecast period. China and Australia are the key markets for tunneling and rock drilling equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising infrastructural activities is one of the prime factors that will facilitate the tunneling and rock drilling equipment market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Tunneling and Rock Drilling Equipment Market: Segmentation by Application
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The rising demand from the coal mining industry coupled with the increasing mining activities in the US is fueling the demand for tunneling and rock drilling equipment in the mining sector. Hence, the market segment is expected to record a fast growth rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the tunneling and rock drilling equipment market size. Fetch actionable market insights on post COVID-19 impact on each segment.
Tunneling and Rock Drilling Equipment Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive tunneling and rock drilling equipment market growth during the next five years
- Precise estimation of the tunneling and rock drilling equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the tunneling and rock drilling equipment industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tunneling and rock drilling equipment market vendors
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Executive Summary
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- China
- US
- Germany
- Australia
- UK
- Advances in technologies
- Innovation in tunnel dismantling machine
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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