According to our (Global Info Research) latest study, the global Tunneling and Rock Drilling Equipment market size was valued at US$ 9011 million in 2025 and is forecast to a readjusted size of US$ 10740 million by 2032 with a CAGR of 2.6% during review period.
In 2025, the global tunneling and rock drilling equipment market showed a steady growth trend overall, mainly covering various core equipment such as drill jumbos, tunnel boring machines and rock drill rigs. Among them, the transaction average price of drill jumbos was about 280,000 US dollars per unit, the sales volume was about 4,800 units, and the average gross profit margin of the industry was about 24%.Tunneling and Rock Drilling Equipment is a type of heavy engineering equipment integrating machinery, hydraulics, electrical and automation technologies, mainly used for rock drilling, crushing and tunneling operations in tunnel construction, mining, underground space development and other scenarios. It covers various sub-categories such as tunnel boring machines, drill jumbos and rock drill rigs, with core characteristics of adapting to complex geology, efficient operation, safety and reliability. It can realize drilling, tunneling and auxiliary support in different formations such as hard rock and soft rock, and is an indispensable core equipment in underground engineering and resource development, which can greatly improve construction efficiency, reduce labor costs, and ensure construction safety and project quality.
The global market for Tunneling and Rock Drilling Equipment shows a steady development trend, with core driving forces coming from the upgrading of global infrastructure investment, the release of demand for underground space development and the continuous advancement of mining exploration activities. The industry development focuses on intelligence, greenization and high efficiency, and high-end intelligent equipment continues to see increasing market demand due to advantages such as precise operation and remote control. The industry competition presents a pattern of concentration of leading enterprises and differentiated competition of small and medium-sized enterprises, with core technological barriers and full industrial chain service capabilities becoming the core competitiveness of enterprises. In the future, with technological iteration and the expansion of downstream application scenarios, the geological adaptability and intelligence level of equipment will continue to improve, driving the industry towards high-quality development.
This report is a detailed and comprehensive analysis for global Tunneling and Rock Drilling Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Tunneling and Rock Drilling Equipment market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Tunneling and Rock Drilling Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Tunneling and Rock Drilling Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Tunneling and Rock Drilling Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Tunneling and Rock Drilling Equipment
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Tunneling and Rock Drilling Equipment market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include IHI Corporation, Atlas Copco Group, Sandvik Construction, Herrenknecht, Furukawa Rock Drill, Komatsu, Sunward Equipment Group, Inner Mongolia North Hauler Joint Stock Co., Ltd, XCMG Group, Epiroc DRC Sarl, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Tunneling and Rock Drilling Equipment market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Tunnel Boring Machines (TBM)
Drill Jumbo
Rock Drill Rig
Roadheader
Raise Boring Machine
Pipe Jacking Machine
Others
Market segment by Operational Scale
Large-scale
Medium-scale
Small-scale
Market segment by Application
Transportation Engineering
Mining
Energy Engineering
Underground Space Development
Major players covered
IHI Corporation
Atlas Copco Group
Sandvik Construction
Herrenknecht
Furukawa Rock Drill
Komatsu
Sunward Equipment Group
Inner Mongolia North Hauler Joint Stock Co., Ltd
XCMG Group
Epiroc DRC Sarl
Robbins
Sany Heavy Industry
Terratec Ltd
Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd
Kaishan Group
China Railway Engineering Equipment Group Co., Ltd
Yantai Xingye Machinery Co., Ltd
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Tunneling and Rock Drilling Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Tunneling and Rock Drilling Equipment, with price, sales quantity, revenue, and global market share of Tunneling and Rock Drilling Equipment from 2021 to 2026.
Chapter 3, the Tunneling and Rock Drilling Equipment competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Tunneling and Rock Drilling Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Tunneling and Rock Drilling Equipment market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Tunneling and Rock Drilling Equipment.
Chapter 14 and 15, to describe Tunneling and Rock Drilling Equipment sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Tunneling and Rock Drilling Equipment. Industry analysis & Market Report on Tunneling and Rock Drilling Equipment is a syndicated market report, published as Global Tunneling and Rock Drilling Equipment Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Tunneling and Rock Drilling Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.