Spain Underground Drilling Rig Market Size & YoY Growth (2025-2032)

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in USD Million & Percentage

Advancing with Compact Electrified Rigs and Infrastructure Modernisation to boost Spain Underground Drilling Rig Market

Published by MMR Statistics Reserch Team, February 2026

Rising metro expansion and utility tunnel development are creating a defined equipment modernisation opportunity across Spain’s underground construction sector. The Spain Underground Drilling Rig Market was valued at USD 65.51 million in 2025 and is estimated to reach USD 68.59 million in 2026, supported by increasing mechanisation in small-to-mid scale underground projects. With continued emphasis on site safety and productivity improvement, the market is projected to reach USD 95.02 million by 2032, indicating steady capital allocation over the forecast period. Key growth drivers include fleet replacement cycles and broader adoption of automated drilling platforms, while constraints persist around upfront machine costs and skilled operator availability. A prominent opportunity lies in compact, electrified rigs with digital monitoring capabilities that enhance energy efficiency, improve uptime visibility, and support contractors executing long-duration underground developments.

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Underground Drilling

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Information

Unit

in USD Million & Percentage

Region

Spain

Time Period

2025-2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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