The global exploration drill rigs market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for drilling rigs in mining, construction, demolition and recycling applications; growing need for drilling rigs in water and oil & gas exploration activities; and increasing number of drilling rig manufacturers entering the market with new product offerings.
The global exploration drill rigs market is segmented on the basis of type into heavy duty core, compact core, and mult-purpose drills. The heavy duty core segment accounted for the largest share of the global exploration drill rigs market in 2017 owing to its high penetration rate across various industries such as mining, construction, demolition and recycling applications. However, due to their low cost per hour rates compared with other types of drills used in these industries such as compact cores or mult-purpose drills; compact cores are expected to witness significant growth during the forecast period owing to their high demand from customers operating in these industries.
Some Of The Growth Factors Of This Market:
- Exploration drill rigs are used to drill for oil and gas in the earth's crust.
- The growth of this market is attributed to the increasing demand for oil and gas in emerging economies such as China and India, which will lead to an increase in exploration activities across the globe.
- Technavio predicts that the demand for exploration drill rigs will be driven by increased drilling activities in countries such as Brazil, Canada, Russia, and Mexico due to their vast reserves of oil and gas resources.
- The increasing number of shale gas discoveries has also led to an increase in drilling activities.
Industry Growth Insights published a new data on “Exploration Drill Rigs Market”. The research report is titled “Exploration Drill Rigs Market research by Types (Heavy-Duty Core, Compact Core, Multi-Purpose), By Applications (Mining, Construction, Demolition and Recycling, Water, Oil and Gas), By Players/Companies Sandvik, Epiroc, Boart Longyear, Dando, Massenza, Ausdrill, Geomachine, Foremost, Layne, Fraste, VersaDrill Canada, Drilltechniques, Schramm, Changsha Changtan Geological Equipment”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Exploration Drill Rigs Market Research Report
By Type
Heavy-Duty Core, Compact Core, Multi-Purpose
By Application
Mining, Construction, Demolition and Recycling, Water, Oil and Gas
By Companies
Sandvik, Epiroc, Boart Longyear, Dando, Massenza, Ausdrill, Geomachine, Foremost, Layne, Fraste, VersaDrill Canada, Drilltechniques, Schramm, Changsha Changtan Geological Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Exploration Drill Rigs Market Report Segments:
The global Exploration Drill Rigs market is segmented on the basis of:
Types
Heavy-Duty Core, Compact Core, Multi-Purpose
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Construction, Demolition and Recycling, Water, Oil and Gas
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sandvik
- Epiroc
- Boart Longyear
- Dando
- Massenza
- Ausdrill
- Geomachine
- Foremost
- Layne
- Fraste
- VersaDrill Canada
- Drilltechniques
- Schramm
- Changsha Changtan Geological Equipment
Highlights of The Exploration Drill Rigs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy-Duty Core
- Compact Core
- Multi-Purpose
- By Application:
- Mining
- Construction
- Demolition and Recycling
- Water, Oil and Gas
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Exploration Drill Rigs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Exploration drill rigs are used to explore for oil and gas. They consist of a drilling rig, a wellhead, and the necessary equipment to extract the resources from the ground.
Some of the major companies in the exploration drill rigs market are Sandvik, Epiroc, Boart Longyear, Dando, Massenza, Ausdrill, Geomachine, Foremost, Layne, Fraste, VersaDrill Canada, Drilltechniques, Schramm, Changsha Changtan Geological Equipment.
The exploration drill rigs market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Exploration Drill Rigs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Exploration Drill Rigs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Exploration Drill Rigs Market - Supply Chain
4.5. Global Exploration Drill Rigs Market Forecast
4.5.1. Exploration Drill Rigs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Exploration Drill Rigs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Exploration Drill Rigs Market Absolute $ Opportunity
5. Global Exploration Drill Rigs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Exploration Drill Rigs Market Size and Volume Forecast by Type
5.3.1. Heavy-Duty Core
5.3.2. Compact Core
5.3.3. Multi-Purpose
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Exploration Drill Rigs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Exploration Drill Rigs Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Construction
6.3.3. Demolition and Recycling
6.3.4. Water, Oil and Gas
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Exploration Drill Rigs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Exploration Drill Rigs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Exploration Drill Rigs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Exploration Drill Rigs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Exploration Drill Rigs Demand Share Forecast, 2019-2026
9. North America Exploration Drill Rigs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Exploration Drill Rigs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Exploration Drill Rigs Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Construction
9.4.3. Demolition and Recycling
9.4.4. Water, Oil and Gas
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Exploration Drill Rigs Market Size and Volume Forecast by Type
9.7.1. Heavy-Duty Core
9.7.2. Compact Core
9.7.3. Multi-Purpose
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Exploration Drill Rigs Demand Share Forecast, 2019-2026
10. Latin America Exploration Drill Rigs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Exploration Drill Rigs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Exploration Drill Rigs Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Construction
10.4.3. Demolition and Recycling
10.4.4. Water, Oil and Gas
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Exploration Drill Rigs Market Size and Volume Forecast by Type
10.7.1. Heavy-Duty Core
10.7.2. Compact Core
10.7.3. Multi-Purpose
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Exploration Drill Rigs Demand Share Forecast, 2019-2026
11. Europe Exploration Drill Rigs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Exploration Drill Rigs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Exploration Drill Rigs Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Construction
11.4.3. Demolition and Recycling
11.4.4. Water, Oil and Gas
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Exploration Drill Rigs Market Size and Volume Forecast by Type
11.7.1. Heavy-Duty Core
11.7.2. Compact Core
11.7.3. Multi-Purpose
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Exploration Drill Rigs Demand Share, 2019-2026
12. Asia Pacific Exploration Drill Rigs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Exploration Drill Rigs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Exploration Drill Rigs Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Construction
12.4.3. Demolition and Recycling
12.4.4. Water, Oil and Gas
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Exploration Drill Rigs Market Size and Volume Forecast by Type
12.7.1. Heavy-Duty Core
12.7.2. Compact Core
12.7.3. Multi-Purpose
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Exploration Drill Rigs Demand Share, 2019-2026
13. Middle East & Africa Exploration Drill Rigs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Exploration Drill Rigs Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Exploration Drill Rigs Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Construction
13.4.3. Demolition and Recycling
13.4.4. Water, Oil and Gas
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Exploration Drill Rigs Market Size and Volume Forecast by Type
13.7.1. Heavy-Duty Core
13.7.2. Compact Core
13.7.3. Multi-Purpose
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Exploration Drill Rigs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Exploration Drill Rigs Market: Market Share Analysis
14.2. Exploration Drill Rigs Distributors and Customers
14.3. Exploration Drill Rigs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Epiroc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boart Longyear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dando
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Massenza
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ausdrill
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Geomachine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Foremost
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Layne
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fraste
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. VersaDrill Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Drilltechniques
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schramm
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Changsha Changtan Geological Equipment
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
