Tunneling Equipment Market: To Hold A High Potential For Growth By 2020 - 2026
Tunneling equipment refers to self-powered, self-propelled, or pull type equipment and machinery, which is specially designed to create big holes in the earth’s surface. The holes can be used to construct infrastructure projects. These include extraction of minerals or underground tunnels, railways and highways, and municipal engineering. Hydraulic drives are used as the primary source of motion in some equipment. Key players operating in the tunneling equipment market are focusing on adding innovative equipment to their product portfolio. They are also concentrating on introducing the latest product lines and carrying out manufacturing advancements in technology. These advancements include sensors and monitors, which help in the smooth functioning of the drilling and tunneling process. The new generation tunneling equipment is designed to cater to the practical working surroundings and needs of industry sites. Development of technology has enabled drilling and tunn...