Deerfield Beach, FL -- (SBWIRE) -- 07/21/2015 -- Synopsis

This report provides detailed market analysis, intelligence and insight into the global tunneling and drilling equipment market, including market growth prospects by category. In addition, there are separate analyses of the Asia-Pacific, the Middle East, North America, Latin America and European regions, as well as a critical evaluation of the markets through comparative analysis of country-level data. The report also contains profiles of key companies operating in the global tunneling and drilling equipment market.

Access full report at http://www.marketresearchstore.com/report/the-global-tunneling-and-drilling-equipment-market-23066

Executive summary

The global tunneling and drilling equipment market was valued at US$16.5 billion in 2013, with Asia-Pacific the largest regional market, followed by Europe and North America. Growth in the Middle Eastern economies such as Saudi Arabia, the UAE, Qatar and Bahrain, along with recovery in Europe and North America will support the market's expansion.

In terms of growth, the nominal value of the global tunneling and drilling equipment market recorded a compound annual growth rate (CAGR) of 4.86% during the reports review period of 2009 to 2013. Construction activity slowed and demand for tunneling and drilling equipment fell in 2008 to 2009, during the global financial crisis. The market began to show signs of improvement thereafter, supported by government investment in infrastructure. The global tunneling and drilling equipment market is forecast to exhibit steady growth due to construction industry growth, infrastructure and industrial developments in emerging economies, in conjunction with the easing of the financial crisis in Europe.

Large investments in the construction industry will drive the demand for tunnelling and drilling equipment in the Asia-Pacific region over the forecast period. China has a substantial need for energy and improved infrastructure networks to cater for rapid, large-scale urbanisation. The Australian mining industry recorded a boom during the review period, primarily due to China's demand for raw materials such as coal and iron ore. However, a slowdown in demand for resources and the imposition of a 30.0% tax on super-profits for coal and iron ore projects led to slower growth in the Australian mining industry, which resulted in the closure of several mines. BHP, a leading global resource company, closed its two central Queensland mines, and according to the Australian Constructors Association, the value of the mining industry is expected to decline by 9.0% in 2015. All the above factors will affect the Australian tunnelling and drilling equipment market's growth over the forecast period.

Download sample report at http://www.marketresearchstore.com/report/the-global-tunneling-and-drilling-equipment-market-23066#requestSample

The majority of Europe's demand for tunnelling and drilling equipment will be driven by construction in Russia, which is expected to see strong investment in all construction markets as the country is due to host the 2018 FIFA World Cup. Over the forecast period, the UK tunnelling and drilling equipment market is anticipated to be the fastest growing in the EU region, supported by the development and modernisation of the country's infrastructure under the National Infrastructure Plan (NIP).

Scope

A comprehensive analysis of the global tunneling and drilling equipment market.

Historical and forecast valuations of the tunneling and drilling equipment market in Asia-Pacific, the Middle East, North America, Latin America and Europe.

An analysis of the trends and dynamics of the construction equipment categories including: boring equipment, drilling equipment, pile drivers and pile extractors.

A detailed breakdown of values at country level for 44 countries.

An examination of the key trends in the global industry.

An investigation of the key drivers in the global tunneling and drilling equipment market.

Contact Us:
Joel John
Tel: 386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com/