Selected research
Industry Growth & Trends
Global Tunneling Equipment Industry Growth and Trends Forecast to 2032
Market perspective
The global Tunneling Equipment market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Tunneling Equipment is projected 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 increase 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 projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Tunneling Equipment include Atlas Copco, Bessac - Tunnels & Microtunnels, Hitachi Zosen, Sandvik Construction, SANYHE International Holdings, HERRENKNECHT, Akkerman, Astec Industries and China Railway Engineering, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Tunneling Equipment market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Tunneling Equipment market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Tunneling Equipment market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Tunneling Equipment.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Tunneling Equipment market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Tunneling Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Tunneling Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Tunneling Equipment Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Tunneling Equipment Sales Estimates and Forecasts (2021-2032)
- 1.3 Tunneling Equipment Market by Type
- 1.3.1 Excavator
- 1.3.2 Forklift
- 1.3.3 Spray Car
- 1.4 Global Tunneling Equipment Market Size by Type
- 1.4.1 Global Tunneling Equipment Market Size Overview by Type (2021-2032)
- 1.4.2 Global Tunneling Equipment Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Tunneling Equipment Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Tunneling Equipment Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Tunneling Equipment Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Tunneling Equipment Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Tunneling Equipment Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Tunneling Equipment Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Tunneling Equipment Industry Trends
- 2.2 Tunneling Equipment Industry Drivers
- 2.3 Tunneling Equipment Industry Opportunities and Challenges
- 2.4 Tunneling Equipment Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Tunneling Equipment Revenue (2021-2026)
- 3.2 Global Top Players by Tunneling Equipment Sales (2021-2026)
- 3.3 Global Top Players by Tunneling Equipment Price (2021-2026)
- 3.4 Global Tunneling Equipment Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Tunneling Equipment Major Company Production Sites & Headquarters
- 3.6 Global Tunneling Equipment Company, Product Type & Application
- 3.7 Global Tunneling Equipment Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Tunneling Equipment Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Tunneling Equipment Players Market Share by Revenue in 2025
- 3.8.3 2025 Tunneling Equipment Tier 1, Tier 2, and Tier 3
4 Tunneling Equipment Regional Status and Outlook
- 4.1 Global Tunneling Equipment Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Tunneling Equipment Historic Market Size by Region
- 4.2.1 Global Tunneling Equipment Sales in Volume by Region (2021-2026)
- 4.2.2 Global Tunneling Equipment Sales in Value by Region (2021-2026)
- 4.2.3 Global Tunneling Equipment Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Tunneling Equipment Forecasted Market Size by Region
- 4.3.1 Global Tunneling Equipment Sales in Volume by Region (2027-2032)
- 4.3.2 Global Tunneling Equipment Sales in Value by Region (2027-2032)
- 4.3.3 Global Tunneling Equipment Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Tunneling Equipment by Application
- 5.1 Tunneling Equipment Market by Application
- 5.1.1 Subway
- 5.1.2 Mining
- 5.1.3 Other
- 5.2 Global Tunneling Equipment Market Size by Application
- 5.2.1 Global Tunneling Equipment Market Size Overview by Application (2021-2032)
- 5.2.2 Global Tunneling Equipment Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Tunneling Equipment Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Tunneling Equipment Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Tunneling Equipment Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Tunneling Equipment Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Tunneling Equipment Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Tunneling Equipment Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Atlas Copco
- 6.1.1 Atlas Copco Company Information
- 6.1.2 Atlas Copco Business Overview
- 6.1.3 Atlas Copco Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Atlas Copco Tunneling Equipment Product Portfolio
- 6.1.5 Atlas Copco Recent Developments
- 6.2 Bessac - Tunnels & Microtunnels
- 6.2.1 Bessac - Tunnels & Microtunnels Company Information
- 6.2.2 Bessac - Tunnels & Microtunnels Business Overview
- 6.2.3 Bessac - Tunnels & Microtunnels Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Bessac - Tunnels & Microtunnels Tunneling Equipment Product Portfolio
- 6.2.5 Bessac - Tunnels & Microtunnels Recent Developments
- 6.3 Hitachi Zosen
- 6.3.1 Hitachi Zosen Company Information
- 6.3.2 Hitachi Zosen Business Overview
- 6.3.3 Hitachi Zosen Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Hitachi Zosen Tunneling Equipment Product Portfolio
- 6.3.5 Hitachi Zosen Recent Developments
- 6.4 Sandvik Construction
- 6.4.1 Sandvik Construction Company Information
- 6.4.2 Sandvik Construction Business Overview
- 6.4.3 Sandvik Construction Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Sandvik Construction Tunneling Equipment Product Portfolio
- 6.4.5 Sandvik Construction Recent Developments
- 6.5 SANYHE International Holdings
- 6.5.1 SANYHE International Holdings Company Information
- 6.5.2 SANYHE International Holdings Business Overview
- 6.5.3 SANYHE International Holdings Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 SANYHE International Holdings Tunneling Equipment Product Portfolio
- 6.5.5 SANYHE International Holdings Recent Developments
- 6.6 HERRENKNECHT
- 6.6.1 HERRENKNECHT Company Information
- 6.6.2 HERRENKNECHT Business Overview
- 6.6.3 HERRENKNECHT Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 HERRENKNECHT Tunneling Equipment Product Portfolio
- 6.6.5 HERRENKNECHT Recent Developments
- 6.7 Akkerman
- 6.7.1 Akkerman Company Information
- 6.7.2 Akkerman Business Overview
- 6.7.3 Akkerman Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Akkerman Tunneling Equipment Product Portfolio
- 6.7.5 Akkerman Recent Developments
- 6.8 Astec Industries
- 6.8.1 Astec Industries Company Information
- 6.8.2 Astec Industries Business Overview
- 6.8.3 Astec Industries Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Astec Industries Tunneling Equipment Product Portfolio
- 6.8.5 Astec Industries Recent Developments
- 6.9 China Railway Engineering
- 6.9.1 China Railway Engineering Company Information
- 6.9.2 China Railway Engineering Business Overview
- 6.9.3 China Railway Engineering Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 China Railway Engineering Tunneling Equipment Product Portfolio
- 6.9.5 China Railway Engineering Recent Developments
- 6.10 China Communications
- 6.10.1 China Communications Company Information
- 6.10.2 China Communications Business Overview
- 6.10.3 China Communications Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 China Communications Tunneling Equipment Product Portfolio
- 6.10.5 China Communications Recent Developments
- 6.11 DH Mining System
- 6.11.1 DH Mining System Company Information
- 6.11.2 DH Mining System Business Overview
- 6.11.3 DH Mining System Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 DH Mining System Tunneling Equipment Product Portfolio
- 6.11.5 DH Mining System Recent Developments
- 6.12 Furukawa Rock Drill
- 6.12.1 Furukawa Rock Drill Company Information
- 6.12.2 Furukawa Rock Drill Business Overview
- 6.12.3 Furukawa Rock Drill Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Furukawa Rock Drill Tunneling Equipment Product Portfolio
- 6.12.5 Furukawa Rock Drill Recent Developments
- 6.13 GHH Mining Machines
- 6.13.1 GHH Mining Machines Company Information
- 6.13.2 GHH Mining Machines Business Overview
- 6.13.3 GHH Mining Machines Tunneling Equipment Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 GHH Mining Machines Tunneling Equipment Product Portfolio
- 6.13.5 GHH Mining Machines Recent Developments
7 North America by Country
- 7.1 North America Tunneling Equipment Sales by Country
- 7.1.1 North America Tunneling Equipment Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Tunneling Equipment Sales by Country (2021-2026)
- 7.1.3 North America Tunneling Equipment Sales Forecast by Country (2027-2032)
- 7.2 North America Tunneling Equipment Market Size by Country
- 7.2.1 North America Tunneling Equipment Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Tunneling Equipment Market Size by Country (2021-2026)
- 7.2.3 North America Tunneling Equipment Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Tunneling Equipment Sales by Country
- 8.1.1 Europe Tunneling Equipment Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Tunneling Equipment Sales by Country (2021-2026)
- 8.1.3 Europe Tunneling Equipment Sales Forecast by Country (2027-2032)
- 8.2 Europe Tunneling Equipment Market Size by Country
- 8.2.1 Europe Tunneling Equipment Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Tunneling Equipment Market Size by Country (2021-2026)
- 8.2.3 Europe Tunneling Equipment Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Tunneling Equipment Sales by Country
- 9.1.1 Asia-Pacific Tunneling Equipment Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Tunneling Equipment Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Tunneling Equipment Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Tunneling Equipment Market Size by Country
- 9.2.1 Asia-Pacific Tunneling Equipment Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Tunneling Equipment Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Tunneling Equipment Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Tunneling Equipment Sales by Country
- 10.1.1 South America Tunneling Equipment Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Tunneling Equipment Sales by Country (2021-2026)
- 10.1.3 South America Tunneling Equipment Sales Forecast by Country (2027-2032)
- 10.2 South America Tunneling Equipment Market Size by Country
- 10.2.1 South America Tunneling Equipment Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Tunneling Equipment Market Size by Country (2021-2026)
- 10.2.3 South America Tunneling Equipment Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Tunneling Equipment Sales by Country
- 11.1.1 Middle East and Africa Tunneling Equipment Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Tunneling Equipment Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Tunneling Equipment Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Tunneling Equipment Market Size by Country
- 11.2.1 Middle East and Africa Tunneling Equipment Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Tunneling Equipment Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Tunneling Equipment Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Tunneling Equipment Value Chain Analysis
- 12.1.1 Tunneling Equipment Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Tunneling Equipment Production Mode & Process
- 12.2 Tunneling Equipment Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Tunneling Equipment Distributors
- 12.2.3 Tunneling Equipment Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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