Albany, NY (PRWEB) January 12, 2015 -- Asia-Pacific was the largest regional market in the global tunneling and drilling equipment market in 2013, accounting for 48.7% of the global market. It was followed by Europe and North America, with respective shares of 25.9% and 15.6%. Growth in Middle Eastern economies such as Saudi Arabia, the UAE, Qatar and Bahrain, and recovery in Europe and North America will support the market’s expansion, with investment in infrastructure and industrial construction in these locations. The market shares in Europe, North America, Latin America and the Middle East are expected to reach 27.7%, 16.5%, 6.7% and 4.2% respectively in 2018, up from 2013, while Asia-Pacific’s share is forecast to reach 44.8%.
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This report provides a comprehensive analysis of the global tunneling and drilling equipment market:
Historical (2009–2013) and forecast (2014–2018) valuations of the tunneling and drilling equipment market in Asia-Pacific, the Middle East, Europe, North America, Latin America.
Construction, boring equipment, drilling equipment, pile drivers and pile extractors
Breakdowns of values at country level for 44 countries
Analysis of key events and factors driving the tunneling and drilling equipment market globally
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The Asia-Pacific tunneling and drilling equipment market recorded a review-period CAGR of 1.41%. China held the largest share of the Asia-Pacific market, with a 61.6% share in 2013, followed by Australia, India, Japan and South Korea, with respective shares of 15.0%, 8.4%, 6.8% and 3.9%.
The European tunneling and drilling equipment market covers the markets of 26 European countries. Russia held the largest share in 2013, with 19.8%, followed by Germany, Italy, Sweden, Turkey and the UK, with 17.6%, 12.0%, 10.6%, 8.6% and 7.4% respectively. The European tunneling and drilling equipment market recorded a review-period CAGR of 6.59%, and is expected to record a forecast-period CAGR of 6.11%, due to the anticipated easing of the debt crisis and the growth of the construction industry.
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The US was the largest market in the North American tunneling and drilling equipment market, with an 87.5% share in 2013, while Canada accounted for the remainder. Owing to a low base-year value, the North American tunneling and drilling equipment market recorded a review-period CAGR of 19.84%. The market is expected to post a forecast-period CAGR of 5.87%, driven largely by recovery in the US construction industry.
In the Latin American tunneling and drilling equipment market, Mexico accounted for the largest share with 46.9% in 2013, followed by Brazil, Colombia and Argentina with 23.8%, 19.0% and 10.3% respectively. The market registered a review-period CAGR of -0.37% and is expected to grow at a forecast-period CAGR of 5.30%. Brazil is expected to be a key source of demand for tunneling and drilling equipment in Latin America over the forecast period, as the country hosts the 2016 Olympic Games.
The Middle Eastern tunneling and drilling equipment market was the smallest regional market in 2013, accounting for 3.2% of the global market. Saudi Arabia was the largest market in the region in 2013, with a 47.7% share, followed by the UAE, Qatar and Bahrain with 47.2%, 2.9% and 2.1% respectively.
Oilfield Equipment Market (Drilling Equipments, Field Production Machinery, Pumps And Valves And Other) - Global And U.S. Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018
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The growing energy demand from both developing and developed economies is the major factor driving the global market for oilfield equipment. The shift towards unconventional energy resources such as shale gas is also expected to drive the market. This report estimates and forecasts the global oilfield equipment market demand in terms of revenues (USD million) from 2010 to 2018. The report also analyzes various factors which are driving and restraining the global demand along with highlighting the impact of these factors over the forecast period.'
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The study provides a comprehensive view of the oilfield equipment industry by segmenting and analyzing key oilfield equipments, namely drilling equipments, field production machinery, pumps and valves, and other machinery and equipments. Each of these segments has been analyzed and market data has been provided for the period 2010 to 2018, in terms of revenues (USD million) they generated. The demand for each of the oilfield equipment type mentioned above is examined on the basis of product type and geography (North America, Europe, Asia Pacific, Middle East, Africa and Latin America). The report also examines which of the above mentioned oilfield equipments’ type holds the potential for growth by using the market attractiveness analysis tool.
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