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Industry Research
Tunneling Equipment Industry Research Report 2026
Market perspective
The global 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 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 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 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 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 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 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.
Tunneling Equipment Market by Company
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
Tunneling Equipment Segment by Type
Excavator
Forklift
Spray Car
Tunneling Equipment Segment by Application
Subway
Mining
Other
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 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 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 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 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 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 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
- Excavator
- Forklift
- Spray Car
Applications
- Subway
- Mining
- Other
Companies 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
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 Tunneling Equipment by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Excavator
- 2.2.3 Forklift
- 2.2.4 Spray Car
- 2.3 Tunneling Equipment by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Subway
- 2.3.3 Mining
- 2.3.4 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Tunneling Equipment Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Tunneling Equipment Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Tunneling Equipment Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Tunneling Equipment Production by Manufacturers (2021-2026)
- 3.2 Global Tunneling Equipment Production Value by Manufacturers (2021-2026)
- 3.3 Global Tunneling Equipment Average Price by Manufacturers (2021-2026)
- 3.4 Global Tunneling Equipment Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Tunneling Equipment Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Tunneling Equipment Manufacturers, Product Type & Application
- 3.7 Global Tunneling Equipment Manufacturers Established Date
- 3.8 Global Tunneling Equipment Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Atlas Copco
- 4.1.1 Atlas Copco Tunneling Equipment Company Information
- 4.1.2 Atlas Copco Tunneling Equipment Business Overview
- 4.1.3 Atlas Copco Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.1.4 Atlas Copco Product Portfolio
- 4.1.5 Atlas Copco Recent Developments
- 4.2 Bessac - Tunnels & Microtunnels
- 4.2.1 Bessac - Tunnels & Microtunnels Tunneling Equipment Company Information
- 4.2.2 Bessac - Tunnels & Microtunnels Tunneling Equipment Business Overview
- 4.2.3 Bessac - Tunnels & Microtunnels Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.2.4 Bessac - Tunnels & Microtunnels Product Portfolio
- 4.2.5 Bessac - Tunnels & Microtunnels Recent Developments
- 4.3 Hitachi Zosen
- 4.3.1 Hitachi Zosen Tunneling Equipment Company Information
- 4.3.2 Hitachi Zosen Tunneling Equipment Business Overview
- 4.3.3 Hitachi Zosen Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.3.4 Hitachi Zosen Product Portfolio
- 4.3.5 Hitachi Zosen Recent Developments
- 4.4 Sandvik Construction
- 4.4.1 Sandvik Construction Tunneling Equipment Company Information
- 4.4.2 Sandvik Construction Tunneling Equipment Business Overview
- 4.4.3 Sandvik Construction Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.4.4 Sandvik Construction Product Portfolio
- 4.4.5 Sandvik Construction Recent Developments
- 4.5 SANYHE International Holdings
- 4.5.1 SANYHE International Holdings Tunneling Equipment Company Information
- 4.5.2 SANYHE International Holdings Tunneling Equipment Business Overview
- 4.5.3 SANYHE International Holdings Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.5.4 SANYHE International Holdings Product Portfolio
- 4.5.5 SANYHE International Holdings Recent Developments
- 4.6 HERRENKNECHT
- 4.6.1 HERRENKNECHT Tunneling Equipment Company Information
- 4.6.2 HERRENKNECHT Tunneling Equipment Business Overview
- 4.6.3 HERRENKNECHT Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.6.4 HERRENKNECHT Product Portfolio
- 4.6.5 HERRENKNECHT Recent Developments
- 4.7 Akkerman
- 4.7.1 Akkerman Tunneling Equipment Company Information
- 4.7.2 Akkerman Tunneling Equipment Business Overview
- 4.7.3 Akkerman Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.7.4 Akkerman Product Portfolio
- 4.7.5 Akkerman Recent Developments
- 4.8 Astec Industries
- 4.8.1 Astec Industries Tunneling Equipment Company Information
- 4.8.2 Astec Industries Tunneling Equipment Business Overview
- 4.8.3 Astec Industries Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.8.4 Astec Industries Product Portfolio
- 4.8.5 Astec Industries Recent Developments
- 4.9 China Railway Engineering
- 4.9.1 China Railway Engineering Tunneling Equipment Company Information
- 4.9.2 China Railway Engineering Tunneling Equipment Business Overview
- 4.9.3 China Railway Engineering Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.9.4 China Railway Engineering Product Portfolio
- 4.9.5 China Railway Engineering Recent Developments
- 4.10 China Communications
- 4.10.1 China Communications Tunneling Equipment Company Information
- 4.10.2 China Communications Tunneling Equipment Business Overview
- 4.10.3 China Communications Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.10.4 China Communications Product Portfolio
- 4.10.5 China Communications Recent Developments
- 4.11 DH Mining System
- 4.11.1 DH Mining System Tunneling Equipment Company Information
- 4.11.2 DH Mining System Tunneling Equipment Business Overview
- 4.11.3 DH Mining System Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.11.4 DH Mining System Product Portfolio
- 4.11.5 DH Mining System Recent Developments
- 4.12 Furukawa Rock Drill
- 4.12.1 Furukawa Rock Drill Tunneling Equipment Company Information
- 4.12.2 Furukawa Rock Drill Tunneling Equipment Business Overview
- 4.12.3 Furukawa Rock Drill Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.12.4 Furukawa Rock Drill Product Portfolio
- 4.12.5 Furukawa Rock Drill Recent Developments
- 4.13 GHH Mining Machines
- 4.13.1 GHH Mining Machines Tunneling Equipment Company Information
- 4.13.2 GHH Mining Machines Tunneling Equipment Business Overview
- 4.13.3 GHH Mining Machines Tunneling Equipment Production, Value and Gross Margin (2021-2026)
- 4.13.4 GHH Mining Machines Product Portfolio
- 4.13.5 GHH Mining Machines Recent Developments
5 Global Tunneling Equipment Production by Region
- 5.1 Global Tunneling Equipment Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Tunneling Equipment Production by Region: 2021-2032
- 5.2.1 Global Tunneling Equipment Production by Region: 2021-2026
- 5.2.2 Global Tunneling Equipment Production Forecast by Region (2027-2032)
- 5.3 Global Tunneling Equipment Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Tunneling Equipment Production Value by Region: 2021-2032
- 5.4.1 Global Tunneling Equipment Production Value by Region: 2021-2026
- 5.4.2 Global Tunneling Equipment Production Value Forecast by Region (2027-2032)
- 5.5 Global Tunneling Equipment Market Price Analysis by Region (2021-2026)
- 5.6 Global Tunneling Equipment Production and Value, YOY Growth
- 5.6.1 North America Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Tunneling Equipment Production Value Estimates and Forecasts (2021-2032)
6 Global Tunneling Equipment Consumption by Region
- 6.1 Global Tunneling Equipment Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Tunneling Equipment Consumption by Region (2021-2032)
- 6.2.1 Global Tunneling Equipment Consumption by Region: 2021-2026
- 6.2.2 Global Tunneling Equipment Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America 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 Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe 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 Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific 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 Tunneling Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa 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 Tunneling Equipment Production by Type (2021-2032)
- 7.1.1 Global Tunneling Equipment Production by Type (2021-2032) & (units)
- 7.1.2 Global Tunneling Equipment Production Market Share by Type (2021-2032)
- 7.2 Global Tunneling Equipment Production Value by Type (2021-2032)
- 7.2.1 Global Tunneling Equipment Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Tunneling Equipment Production Value Market Share by Type (2021-2032)
- 7.3 Global Tunneling Equipment Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Tunneling Equipment Production by Application (2021-2032)
- 8.1.1 Global Tunneling Equipment Production by Application (2021-2032) & (units)
- 8.1.2 Global Tunneling Equipment Production Market Share by Application (2021-2032)
- 8.2 Global Tunneling Equipment Production Value by Application (2021-2032)
- 8.2.1 Global Tunneling Equipment Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Tunneling Equipment Production Value Market Share by Application (2021-2032)
- 8.3 Global Tunneling Equipment Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Tunneling Equipment Value Chain Analysis
- 9.1.1 Tunneling Equipment Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Tunneling Equipment Production Mode & Process
- 9.2 Tunneling Equipment Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Tunneling Equipment Distributors
- 9.2.3 Tunneling Equipment Customers
10 Global Tunneling Equipment Analyzing Market Dynamics
- 10.1 Tunneling Equipment Industry Trends
- 10.2 Tunneling Equipment Industry Drivers
- 10.3 Tunneling Equipment Industry Opportunities and Challenges
- 10.4 Tunneling Equipment Industry Restraints
11 Report Conclusion
12 Disclaimer
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