Rock Drilling & Excavation Equipment Market

This report estimates the Rock Drilling & Excavation Equipmentmarket in terms of revenue ($Millions). This has been broken down into component regions and is further split into countries.

Rock excavation tools disintegrate and remove the rock from boreholes and tunnels by four basic mechanisms: thermal spalling, fusion and vaporization, mechanical stresses, and chemical reactions, drilling tools utilize systems such as lasers or electron beams to melt or vaporize rock or explosives, or electrohydraulic discharges, to impact and shatter rock.

Infrastructure projects and mining have been one of the major sectors where rock drilling and excavation equipment are used. The construction business is continuing to grow at a fast pace worldwide. The building volume is increasing even though there are big regional variations. Variations of rock properties is a challenging aspect for the consultants, contractors and equipment manufacturers.

The methodology has used secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global rock drilling & excavation equipment. The primary sources such as experts and suppliers from the industry have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of this market.

The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include Caterpillar (France), CNH Global NV (Japan), Hitachi Construction Machinery CO. Ltd. (U.S.), Hyundai heavy Industries Ltd. (Czech Republic),), JCB (Japan), and others.

North America leads the market for the rock drilling & excavation equipment globally with biggest market share and is expected to grow with the highest CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the market. There is also a good modernization market for the earth moving equipment in the developed regions like Asia-Pacific and Europe.

The report provides a geographical segmentation into various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Moreover, there is an in-depth regional country analysis based on the type and the applications in the market. The country analysis provides the market value based on the revenue and the expenditure in the geographies for the various segments undertaken in the study.