Europe tunneling equipment market to amass a significant revenue by 2025: Global Market Insights, Inc.

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Tunneling Equipment Market Global Industry
Insights Emerging Trends to 2025
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• Tunneling Equipment Market Scenario

• Tunneling Equipment Market report is an
  all-inclusive document, compiled and designed to
  provide best-in-class research, insightful
  analysis and accurate quantitative data. The
  coverage of this research is the most extensive
  when compared to other similar studies available
  on Tunneling Equipment industry. The industry
  ecosystem information presented in this report is
  next-to-none and aims to address all stakeholders
  of the industry, irrespective of their size and
  business function.
• Tunneling Equipment Market size is driven mainly
  by its increasing applications in construction
  activities of roadway, railway, and mining. These
  machines are utilized to build tunnels for roads,
  railways, water treatment systems, and pipelines.
  The growing construction mining activities and
  several government investments in the
  infrastructure development projects are
  supporting the market growth.
• The increasing need for clean water is leading to
  the implementation of water treatment systems in
  urban and rural areas, which is supporting the
  utilization of these machines. High demand is
  attributed to less disturbance created to the
  surrounding soil and increased safety provided to
  the workers. Moreover, increased micro-tunneling
  activity in urban areas for telecommunication
  pipelining is promoting the market development.

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• A technical trend in the tunneling equipment
  market is the Earth Pressure Balance (EPB)
  technology, which is utilized in soft soil
  surface conditions and provides external support
  by creating a paste of excavated soil. The market
  is gaining popularity due to the growing road
  railway infrastructure construction across the
  globe. The rapid increase in the number of
  infrastructure projects for enhancing
  transportation facilities is promoting the demand
  for these machines globally.
• Additionally, the increasing need for energy,
  minerals, and metals is leading to coal mining
  activities, further fueling the tunneling
  equipment market size. The rise in public
  private partnerships for the construction of
  public infrastructures, such as metros and city
  railway systems, in developing countries is
  creating the demand for these machines.

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• Regional Analysis

• Developing countries in Asia including China and
  India are witnessing growth in the tunneling
  equipment market share due to increasing
  infrastructural development activities in this
  region. Moreover, government initiatives and
  investments are leading to infrastructure
  development in this region, supporting the demand
  for these machines.

• Competitive Analysis

• The major players operating in the tunneling
  equipment market share are Atlas Copco, Bessac,
  Hitachi Zosen, Sandvik Constructions, SANYHE
  International Holdings, CREG, Mitsubishi Heavy
  Industries, Aker Wirth, Komatsu Mining Corp., and
  HERRENKNECHT AG. These players are highly
  investing in RD activities to develop
  technically advanced and fuel energy-efficient
  products to strengthen their product portfolio.

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