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Tunneling And Rock Drilling Equipment Market To Grow At CAGR Of 4.88 %: Global Decision Framework, Drivers, Challenges Analysis And Forecast 2017-2021 Oct 17, 2017

Tunneling and Rock Drilling Equipment Market to Grow at CAGR of 4.88 %: Global Decision Framework, Drivers, Challenges Analysis and Forecast 2017-2021

About Tunneling and Rock Drilling Equipment Market :- Tunneling and rock drilling equipment is a machine used to create massive holes in the earth’s subsurface. These holes can be used for the extraction of minerals or construction of infrastructure projects such as underground tunnels. The types of equipment which are generally categorized as tunneling and rock drilling equipment are tunnel boring machine (TBM), tapping equipment, reaming, and so on.

On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Tunneling and Rock Drilling Equipment market projected to grow at a CAGR of 4.88% during the period 2017-2021.

Tunneling and Rock Drilling Equipment Market Driver: – One driver in market is advances in technologies. technological advances have resulted in greater use of underground tunnel construction as technologies enable easy access to construction in any terrain. electronic monitors and sensors placed in the tbm help in smooth functioning of the machine while digging, avoiding existing structures in the process. tbm technology has grown exponentially in the last 20 years as better and bigger technology and precise engineering have made it possible to tunnel through the deeper underground surface. the development of machinery in the last 50 years resulted in an immense saving in the construction of tunnels worldwide. these machineries provide cost saving as well as reduce the time of construction by a great margin. the innovations have led to the construction of such projects, which were once considered as impossible. these machineries also provide analytical tools to facilitate the design of tunnels.

Tunneling and Rock Drilling Equipment Market Challenge: – One challenges in market is geological complexities in tunneling and rock drilling operations. every key aspect of the tunneling process is influenced by the geology of the area. sub-standard investigation of the surroundings may result in project delay, which if not rectified at the earliest would result in major accidents, affecting the overall cost of the project. moreover, the inefficiency often leads to extra work on detailing and alignment of the project. a detailed topographical survey is always recommended and required before the beginning of a project to identify the significant features such as faults zones, streams, and cracks. the problems encountered during tunneling are constituted by geological characters like a high level of seismicity, gas leakage, geothermal gradient, thrust zones, shear zones, folded rock sequence, in-situ stresses, rock cover, and so on.