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Industry Research
Underground Tunneling Equipment Industry Research Report 2026
Market perspective
The global Underground Tunneling Equipment market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Underground Tunneling Equipment is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Underground Tunneling Equipment is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Underground Tunneling Equipment is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Underground Tunneling Equipment include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Underground Tunneling Equipment market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Underground Tunneling Equipment.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Underground Tunneling Equipment Market by Company
CREG
CRCHI
Herrenknecht
NHI
LNSS
Tianhe
JIMT
Komatsu
Hitachi Zosen
Terratec
Kawasaki
STEC
LXCE
Sandvik
SANY
XCMG
Antraquip
Sunward
BBM
Famur
Mitsui Miike Machinery
Deilmann-Haniel Mining Systems (DHMS)
MSB Schmittwerke
Underground Tunneling Equipment Segment by Type
Roadheader
TBMs
Underground Tunneling Equipment Segment by Application
Underground Mining
Underground Municipal Engineering
Underground Transportation
Others
Underground Tunneling Equipment Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Underground Tunneling Equipment market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Underground Tunneling Equipment and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Underground Tunneling Equipment.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Underground Tunneling Equipment manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Underground Tunneling Equipment by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Underground Tunneling Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Roadheader
- TBMs
Applications
- Underground Mining
- Underground Municipal Engineering
- Underground Transportation
- Others
Companies covered
- CREG
- CRCHI
- Herrenknecht
- NHI
- LNSS
- Tianhe
- JIMT
- Komatsu
- Hitachi Zosen
- Terratec
- Kawasaki
- STEC
- LXCE
- Sandvik
- SANY
- XCMG
- Antraquip
- Sunward
- BBM
- Famur
- Mitsui Miike Machinery
- Deilmann-Haniel Mining Systems (DHMS)
- MSB Schmittwerke
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Underground Tunneling Equipment by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Roadheader
- 2.2.3 TBMs
- 2.3 Underground Tunneling Equipment by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Underground Mining
- 2.3.3 Underground Municipal Engineering
- 2.3.4 Underground Transportation
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Underground Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Underground Tunneling Equipment Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Underground Tunneling Equipment Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Underground Tunneling Equipment Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Underground Tunneling Equipment Production by Manufacturers (2021-2026)
- 3.2 Global Underground Tunneling Equipment Production Value by Manufacturers (2021-2026)
- 3.3 Global Underground Tunneling Equipment Average Price by Manufacturers (2021-2026)
- 3.4 Global Underground Tunneling Equipment Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Underground Tunneling Equipment Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Underground Tunneling Equipment Manufacturers, Product Type & Application
- 3.7 Global Underground Tunneling Equipment Manufacturers Established Date
- 3.8 Global Underground Tunneling Equipment Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 CREG
- 4.1.1 CREG Underground Tunneling Equipment Company Information
- 4.1.2 CREG Underground Tunneling Equipment Business Overview
- 4.1.3 CREG Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.1.4 CREG Product Portfolio
- 4.1.5 CREG Recent Developments
- 4.2 CRCHI
- 4.2.1 CRCHI Underground Tunneling Equipment Company Information
- 4.2.2 CRCHI Underground Tunneling Equipment Business Overview
- 4.2.3 CRCHI Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.2.4 CRCHI Product Portfolio
- 4.2.5 CRCHI Recent Developments
- 4.3 Herrenknecht
- 4.3.1 Herrenknecht Underground Tunneling Equipment Company Information
- 4.3.2 Herrenknecht Underground Tunneling Equipment Business Overview
- 4.3.3 Herrenknecht Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.3.4 Herrenknecht Product Portfolio
- 4.3.5 Herrenknecht Recent Developments
- 4.4 NHI
- 4.4.1 NHI Underground Tunneling Equipment Company Information
- 4.4.2 NHI Underground Tunneling Equipment Business Overview
- 4.4.3 NHI Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.4.4 NHI Product Portfolio
- 4.4.5 NHI Recent Developments
- 4.5 LNSS
- 4.5.1 LNSS Underground Tunneling Equipment Company Information
- 4.5.2 LNSS Underground Tunneling Equipment Business Overview
- 4.5.3 LNSS Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.5.4 LNSS Product Portfolio
- 4.5.5 LNSS Recent Developments
- 4.6 Tianhe
- 4.6.1 Tianhe Underground Tunneling Equipment Company Information
- 4.6.2 Tianhe Underground Tunneling Equipment Business Overview
- 4.6.3 Tianhe Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.6.4 Tianhe Product Portfolio
- 4.6.5 Tianhe Recent Developments
- 4.7 JIMT
- 4.7.1 JIMT Underground Tunneling Equipment Company Information
- 4.7.2 JIMT Underground Tunneling Equipment Business Overview
- 4.7.3 JIMT Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.7.4 JIMT Product Portfolio
- 4.7.5 JIMT Recent Developments
- 4.8 Komatsu
- 4.8.1 Komatsu Underground Tunneling Equipment Company Information
- 4.8.2 Komatsu Underground Tunneling Equipment Business Overview
- 4.8.3 Komatsu Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.8.4 Komatsu Product Portfolio
- 4.8.5 Komatsu Recent Developments
- 4.9 Hitachi Zosen
- 4.9.1 Hitachi Zosen Underground Tunneling Equipment Company Information
- 4.9.2 Hitachi Zosen Underground Tunneling Equipment Business Overview
- 4.9.3 Hitachi Zosen Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.9.4 Hitachi Zosen Product Portfolio
- 4.9.5 Hitachi Zosen Recent Developments
- 4.10 Terratec
- 4.10.1 Terratec Underground Tunneling Equipment Company Information
- 4.10.2 Terratec Underground Tunneling Equipment Business Overview
- 4.10.3 Terratec Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.10.4 Terratec Product Portfolio
- 4.10.5 Terratec Recent Developments
- 4.11 Kawasaki
- 4.11.1 Kawasaki Underground Tunneling Equipment Company Information
- 4.11.2 Kawasaki Underground Tunneling Equipment Business Overview
- 4.11.3 Kawasaki Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.11.4 Kawasaki Product Portfolio
- 4.11.5 Kawasaki Recent Developments
- 4.12 STEC
- 4.12.1 STEC Underground Tunneling Equipment Company Information
- 4.12.2 STEC Underground Tunneling Equipment Business Overview
- 4.12.3 STEC Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.12.4 STEC Product Portfolio
- 4.12.5 STEC Recent Developments
- 4.13 LXCE
- 4.13.1 LXCE Underground Tunneling Equipment Company Information
- 4.13.2 LXCE Underground Tunneling Equipment Business Overview
- 4.13.3 LXCE Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.13.4 LXCE Product Portfolio
- 4.13.5 LXCE Recent Developments
- 4.14 Sandvik
- 4.14.1 Sandvik Underground Tunneling Equipment Company Information
- 4.14.2 Sandvik Underground Tunneling Equipment Business Overview
- 4.14.3 Sandvik Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.14.4 Sandvik Product Portfolio
- 4.14.5 Sandvik Recent Developments
- 4.15 SANY
- 4.15.1 SANY Underground Tunneling Equipment Company Information
- 4.15.2 SANY Underground Tunneling Equipment Business Overview
- 4.15.3 SANY Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.15.4 SANY Product Portfolio
- 4.15.5 SANY Recent Developments
- 4.16 XCMG
- 4.16.1 XCMG Underground Tunneling Equipment Company Information
- 4.16.2 XCMG Underground Tunneling Equipment Business Overview
- 4.16.3 XCMG Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.16.4 XCMG Product Portfolio
- 4.16.5 XCMG Recent Developments
- 4.17 Antraquip
- 4.17.1 Antraquip Underground Tunneling Equipment Company Information
- 4.17.2 Antraquip Underground Tunneling Equipment Business Overview
- 4.17.3 Antraquip Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.17.4 Antraquip Product Portfolio
- 4.17.5 Antraquip Recent Developments
- 4.18 Sunward
- 4.18.1 Sunward Underground Tunneling Equipment Company Information
- 4.18.2 Sunward Underground Tunneling Equipment Business Overview
- 4.18.3 Sunward Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.18.4 Sunward Product Portfolio
- 4.18.5 Sunward Recent Developments
- 4.19 BBM
- 4.19.1 BBM Underground Tunneling Equipment Company Information
- 4.19.2 BBM Underground Tunneling Equipment Business Overview
- 4.19.3 BBM Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.19.4 BBM Product Portfolio
- 4.19.5 BBM Recent Developments
- 4.20 Famur
- 4.20.1 Famur Underground Tunneling Equipment Company Information
- 4.20.2 Famur Underground Tunneling Equipment Business Overview
- 4.20.3 Famur Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.20.4 Famur Product Portfolio
- 4.20.5 Famur Recent Developments
- 4.21 Mitsui Miike Machinery
- 4.21.1 Mitsui Miike Machinery Underground Tunneling Equipment Company Information
- 4.21.2 Mitsui Miike Machinery Underground Tunneling Equipment Business Overview
- 4.21.3 Mitsui Miike Machinery Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.21.4 Mitsui Miike Machinery Product Portfolio
- 4.21.5 Mitsui Miike Machinery Recent Developments
- 4.22 Deilmann-Haniel Mining Systems (DHMS)
- 4.22.1 Deilmann-Haniel Mining Systems (DHMS) Underground Tunneling Equipment Company Information
- 4.22.2 Deilmann-Haniel Mining Systems (DHMS) Underground Tunneling Equipment Business Overview
- 4.22.3 Deilmann-Haniel Mining Systems (DHMS) Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.22.4 Deilmann-Haniel Mining Systems (DHMS) Product Portfolio
- 4.22.5 Deilmann-Haniel Mining Systems (DHMS) Recent Developments
- 4.23 MSB Schmittwerke
- 4.23.1 MSB Schmittwerke Underground Tunneling Equipment Company Information
- 4.23.2 MSB Schmittwerke Underground Tunneling Equipment Business Overview
- 4.23.3 MSB Schmittwerke Underground Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.23.4 MSB Schmittwerke Product Portfolio
- 4.23.5 MSB Schmittwerke Recent Developments
5 Global Underground Tunneling Equipment Production by Region
- 5.1 Global Underground Tunneling Equipment Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Underground Tunneling Equipment Production by Region: 2021-2032
- 5.2.1 Global Underground Tunneling Equipment Production by Region: 2021-2026
- 5.2.2 Global Underground Tunneling Equipment Production Forecast by Region (2027-2032)
- 5.3 Global Underground Tunneling Equipment Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Underground Tunneling Equipment Production Value by Region: 2021-2032
- 5.4.1 Global Underground Tunneling Equipment Production Value by Region: 2021-2026
- 5.4.2 Global Underground Tunneling Equipment Production Value Forecast by Region (2027-2032)
- 5.5 Global Underground Tunneling Equipment Market Price Analysis by Region (2021-2026)
- 5.6 Global Underground Tunneling Equipment Production and Value, YOY Growth
- 5.6.1 North America Underground Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Underground Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Underground Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Underground Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
6 Global Underground Tunneling Equipment Consumption by Region
- 6.1 Global Underground Tunneling Equipment Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Underground Tunneling Equipment Consumption by Region (2021-2032)
- 6.2.1 Global Underground Tunneling Equipment Consumption by Region: 2021-2026
- 6.2.2 Global Underground Tunneling Equipment Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Underground Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Underground Tunneling Equipment Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Underground Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Underground Tunneling Equipment Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Underground Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Underground Tunneling Equipment Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Underground Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Underground Tunneling Equipment Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Underground Tunneling Equipment Production by Type (2021-2032)
- 7.1.1 Global Underground Tunneling Equipment Production by Type (2021-2032) & (units)
- 7.1.2 Global Underground Tunneling Equipment Production Market Share by Type (2021-2032)
- 7.2 Global Underground Tunneling Equipment Production Value by Type (2021-2032)
- 7.2.1 Global Underground Tunneling Equipment Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Underground Tunneling Equipment Production Value Market Share by Type (2021-2032)
- 7.3 Global Underground Tunneling Equipment Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Underground Tunneling Equipment Production by Application (2021-2032)
- 8.1.1 Global Underground Tunneling Equipment Production by Application (2021-2032) & (units)
- 8.1.2 Global Underground Tunneling Equipment Production Market Share by Application (2021-2032)
- 8.2 Global Underground Tunneling Equipment Production Value by Application (2021-2032)
- 8.2.1 Global Underground Tunneling Equipment Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Underground Tunneling Equipment Production Value Market Share by Application (2021-2032)
- 8.3 Global Underground Tunneling Equipment Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Underground Tunneling Equipment Value Chain Analysis
- 9.1.1 Underground Tunneling Equipment Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Underground Tunneling Equipment Production Mode & Process
- 9.2 Underground Tunneling Equipment Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Underground Tunneling Equipment Distributors
- 9.2.3 Underground Tunneling Equipment Customers
10 Global Underground Tunneling Equipment Analyzing Market Dynamics
- 10.1 Underground Tunneling Equipment Industry Trends
- 10.2 Underground Tunneling Equipment Industry Drivers
- 10.3 Underground Tunneling Equipment Industry Opportunities and Challenges
- 10.4 Underground Tunneling Equipment Industry Restraints
11 Report Conclusion
12 Disclaimer
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