Tunneling Equipment Market
Tunneling Equipment Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Tunneling Equipment Market Size and Growth
The Tunneling Equipment market is experiencing robust growth, driven by infrastructure expansion and urbanization. As of 2023, the market size is valued at approximately $8 billion, projected to expand at a CAGR of over 5% through the next five years, reflecting increasing investments in transportation and utility tunnels worldwide. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Atlas Copco
◍ Bessac - Tunnels & Microtunnels
◍ Hitachi Zosen
◍ Sandvik Construction
◍ SANYHE International Holdings
◍ HERRENKNECHT
◍ Akkerman
◍ Astec Industries
◍ China Railway Engineering
◍ China Communications
◍ DH Mining System
◍ Furukawa Rock Drill
◍ GHH Mining Machines
The tunneling equipment market is competitive, with key players like Atlas Copco, Herrenknecht, and Sandvik enhancing project efficiency through advanced machinery. Companies also capitalize on technological innovation and sustainability trends, driving market growth. Sales figures:
- Sandvik: ~$9 billion (2022)
- Atlas Copco: ~$14 billion (2022).
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Market Segmentation
By Application
Subway
Mining
Other
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By Product
Excavator
Market Growth
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$ X Billion USD
