Tunneling And Rock Drilling Equipment Market Report 2026

Tunneling And Rock Drilling Equipment Market Overview

• Tunneling And Rock Drilling Equipment market size has reached to $14.55 billion in 2025 • Expected to grow to $18.63 billion in 2030 at a compound annual growth rate (CAGR) of 5% • Growth Driver: Growing Infrastructure Development Activities Fueling The Growth Of The Market Due To Increasing Investment And Urbanization • Market Trend: Emission-Free Drill Innovation Enhances Operational Flexibility • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Tunneling And Rock Drilling Equipment Market?

Tunneling and rock drilling equipment refers to specialized machinery and tools designed for excavating tunnels and drilling through rock formations, typically used in construction, mining, and infrastructure development projects. These machines are engineered to break, cut, or bore through various types of rock and soil to create underground spaces or access mineral resources. They are essential for projects such as subway construction, road tunnels, hydroelectric power plants, and mining operations. The main types of tunneling and rock drilling equipment include tunneling equipment and rock drilling equipment. Tunneling equipment refers to specialized machinery used for the excavation of tunnels, including machines such as tunnel boring machines (TBMs), drills, and conveyors. The power source is electric, hydraulic, diesel, and others, and its control systems are manual, semi-automatic, and automated. The sales channels are direct sales, distributors and dealers, online sales, and rental services catering to end-user industries such as construction, mining, oil and gas, renewable energy, and water and wastewater treatment.

What Is The Tunneling And Rock Drilling Equipment Market Growth Forecast?

The tunneling and rock drilling equipment market size is expected to see strong growth in the next few years. It will grow to $18.63 billion in 2030 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing investments in smart tunneling solutions, rising demand for low-emission construction equipment, expansion of deep underground mining projects, growing adoption of autonomous drilling systems, increasing focus on operational efficiency. Major trends in the forecast period include increasing adoption of automated tunnel boring systems, rising demand for high-precision rock drilling equipment, growing use of electrified and hybrid drilling machines, expansion of remote-controlled and autonomous operations, enhanced focus on equipment safety and reliability.

Global Tunneling And Rock Drilling Equipment Market Segmentation

1) By Type: Tunneling Equipment, Rock Drilling Equipment 2) By Power Source: Electric, Hydraulic, Diesel, Other Power Sources 3) By Control Systems: Manual, Semi-Automatic, Automated 4) By Sales Channel: Direct Sales, Distributors And Dealers, Online Sales, Rental Services 5) By End-User Industry: Construction, Mining, Oil And Gas, Renewable Energy, Water And Wastewater Treatment Subsegments: 1) By Tunneling Equipment: Tunnel Boring Machines (TBMs), Roadheaders, Continuous Miner, Shaft Boring Machines (SBMs), Drill And Blast Equipment 2) By Rock Drilling Equipment: Rotary Drilling Rigs, Percussion Drilling Equipment, Down-the-Hole Drills, Top Hammer Drills, Hydraulic Drills

What Is The Driver Of The Tunneling And Rock Drilling Equipment Market?

The rising infrastructure development activities are expected to propel the growth of the tunneling and rock drilling equipment market going forward. Infrastructure development activities refer to the planning, construction, and maintenance of essential physical systems such as transport, energy, water, and communication networks. The rise in infrastructure development activities is driven by economic growth and urbanization, as they boost demand for improved transportation, energy, and public utility networks. Tunneling and rock drilling equipment support infrastructure development activities by enabling efficient underground excavation and rock removal, essential for constructing tunnels, roads, and utilities. They improve project speed and safety, facilitating the creation of durable and complex infrastructure systems. For instance, in July 2024, according to the Office for National Statistics, a UK-based government department, market sector investment in infrastructure reached $17.25 billion (£13.8 billion) in 2023, marking a 3.9% increase from 2022. Therefore, the rising infrastructure development activities are driving the growth of the tunneling and rock drilling equipment industry.

Key Players In The Global Tunneling And Rock Drilling Equipment Market

Major companies operating in the tunneling and rock drilling equipment market are Atlas Copco AB, Sandvik AB, Caterpillar Inc, Komatsu Ltd, Hitachi Construction Machinery Co Ltd, Herrenknecht AG, China Railway Engineering Equipment Group Co Ltd, Furukawa Rock Drill Co Ltd, SANY Group Co Ltd, DH Mining System, Sunward Equipment Group, Hitachi Zosen Corporation, Boart Longyear Ltd, Liebherr‑International AG, Normet Group Oy, The Robbins Company, Junjin CSM Co Ltd, Terratec Ltd, IHI Corporation, Akkerman Inc

Global Tunneling And Rock Drilling Equipment Market Trends and Insights

Major companies operating in the tunneling and rock drilling equipment market are focusing on developing technologically advanced products, such as emission-free surface drills, to reduce environmental impact and meet sustainability and regulatory demands. Emission-free surface drill refers to a drilling machine powered by electric 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 company, launched its second battery-electric concept surface drill rig. This innovative rig is capable of drilling down-the-hole (DTH) holes up to 229 mm (9 inches) in diameter. It integrates battery-powered mobility with the consistent output of a cable-connected system, offering a hybrid design that enhances operational flexibility and reduces emissions during surface drilling.

What Are Latest Mergers And Acquisitions In The Tunneling And Rock Drilling Equipment Market?

In July 2024, Komatsu Ltd., a Japan-based machinery manufacturer, acquired GHH Group GmbH for an undisclosed amount. With this acquisition, Komatsu aims to strengthen its position in the underground mining and tunneling equipment offerings, enhance technology, and expand its global footprint in Europe, Africa, and India. GHH Group GmbH is a Germany-based equipment manufacturer company specializing in tunneling and rock drilling machinery.

Regional Outlook

North America was the largest region in the tunneling and rock drilling equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Tunneling And Rock Drilling Equipment Market?

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.

How is Market Value Defined and Measured?

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 that 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.

What Key Data and Analysis Are Included in the Tunneling And Rock Drilling Equipment Market Report 2026?

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