Market Overview:
The global mine drilling machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for metals and minerals across the globe, coupled with the rising need for efficient and advanced mining technologies. The diesel operated mine drilling machine segment is expected to dominate the global market in terms of revenue share during the forecast period, owing to its high efficiency and low operational costs as compared to electric operated machines. However, electric operated machines are anticipated to witness higher growth rates as compared to diesel operated machines over the forecast period, due their growing popularity among end-users owing to their low emissions and noise levels. In terms of application, open-pit mining is projectedto hold a dominant position in terms of revenue share throughoutthe forecast period followed by underground mining.
Product Definition:
Mine drilling machine is a type of drilling rig that is used in the mining industry to drill holes in the earth for the purpose of extracting minerals or other geological materials. The machine typically consists of a large diesel engine, a mast, a boom, and various attachments that allow it to be positioned over the desired location and then lowered down to drill into the ground.
Diesel Operated Mine Drilling Machine:
Diesel-operated mine drilling machine is a self-propelled, diesel engine operated equipment used for surface mining and consists of drill string, haulage rope, pulley system and operator's cabin. The major applications include opencast mining & construction sites; underground mines; gold & copper deposits; coal mines etc.
The global Diesel Operated Mine Drilling Machine market size was valued at USD 955.1 million in 2016.
Electric Operated Mine Drilling Machine:
Electric operated mine drilling machine is used in coal mines for removing water, gas and other unwanted substances from the mined out material. The electric operated mine drilling machine has a rotating drill string which is powered by an electric motor. The drill string consists of one or more drills which are fixed to a rigid frame with sprockets at the bottom of the drill strings. A handle attached to the drilling mechanism allows manual control over operations performed by electric-operated mining machines.
Application Insights:
The underground mining segment dominated the global market in 2017. The application is projected to witness significant growth over the forecast period owing to rising demand for coal, metal and other minerals from various industries including power generation and transportation.
Mine drilling machines are used in open-pit as well as underground mines for a variety of applications such as core drilling, coring, blasting & quarrying among others. Drilling equipment is also used on construction sites for preparing foundations or setting concrete slabs during floor preparation work before laying cement or any other type of binding material.
Open-pit mining was estimated at USD 1,818.5 million in 2017 with a CAGR of XX% over the forecast period 2018 to 2030 attributed to increasing demand for metals.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in mining activities owing to a rise in demand for metal as well as non-metal minerals such as gold, silver, bauxite, iron ore among others. This can be attributed to increasing industrialization and growing population especially in China and India. Moreover, rising investments by governments of various countries including Australia are anticipated to boost regional demand for MDMs over the forecast period.
The Asia Pacific region is home to several emerging economies such as China and India which have been experiencing strong economic growth on account of significant developments such as Make In India Initiative by Indian government; One Belt One Road (OBOR) initiative by Chinese government; Saudi Vision 2030; National Transformation Program (NTP) undertaken by Myanmar government among others that are driving infrastructure development projects across these economies thereby fueling industry expansion opportunities for MDMs across this region.
Growth Factors:
- Increasing demand for metal and mineral resources across the globe is expected to drive the market for mine drilling machines over the forecast period.
- Rapid industrialization and urbanization in emerging economies is anticipated to create a high demand for mine drilling machines in these regions.
- Technological advancements in drill bits and other equipment used in mining are projected to boost the growth of this market over the next few years.
- The increasing use of automation in mines is likely to propel demand for mine drilling machines during the forecast period.
- Growing concerns regarding safety and environment protection are projected to fuel adoption of advanced technologies such as underground coal gasification (UCG) which would subsequently spur growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Mine Drilling Machine Market Research Report
By Type
Diesel Operated Mine Drilling Machine, Electric Operated Mine Drilling Machine
By Application
Open-pit Mining, Underground Mining
By Companies
Caterpillar, Atlas Copco, Liebherr, Sandvik, Metso, Komatsu
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Mine Drilling Machine Market Report Segments:
The global Mine Drilling Machine market is segmented on the basis of:
Types
Diesel Operated Mine Drilling Machine, Electric Operated Mine Drilling Machine
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
Open-pit Mining, Underground Mining
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:
- Caterpillar
- Atlas Copco
- Liebherr
- Sandvik
- Metso
- Komatsu
Highlights of The Mine Drilling Machine 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:
- Diesel Operated Mine Drilling Machine
- Electric Operated Mine Drilling Machine
- By Application:
- Open-pit Mining
- Underground Mining
- 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 Mine Drilling Machine 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A mine drilling machine is a machine used to drill holes in the earth.
Some of the major companies in the mine drilling machine market are Caterpillar, Atlas Copco, Liebherr, Sandvik, Metso, Komatsu.
The mine drilling machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mine Drilling Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mine Drilling Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mine Drilling Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mine Drilling Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mine Drilling Machine Market Size & Forecast, 2020-2028
4.5.1 Mine Drilling Machine Market Size and Y-o-Y Growth
4.5.2 Mine Drilling Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Diesel Operated Mine Drilling Machine
5.2.2 Electric Operated Mine Drilling Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Open-pit Mining
6.2.2 Underground Mining
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mine Drilling Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mine Drilling Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Diesel Operated Mine Drilling Machine
9.6.2 Electric Operated Mine Drilling Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Open-pit Mining
9.10.2 Underground Mining
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Diesel Operated Mine Drilling Machine
10.6.2 Electric Operated Mine Drilling Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Open-pit Mining
10.10.2 Underground Mining
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Diesel Operated Mine Drilling Machine
11.6.2 Electric Operated Mine Drilling Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Open-pit Mining
11.10.2 Underground Mining
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Diesel Operated Mine Drilling Machine
12.6.2 Electric Operated Mine Drilling Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Open-pit Mining
12.10.2 Underground Mining
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Diesel Operated Mine Drilling Machine
13.6.2 Electric Operated Mine Drilling Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Open-pit Mining
13.10.2 Underground Mining
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mine Drilling Machine Market: Competitive Dashboard
14.2 Global Mine Drilling Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Atlas Copco
14.3.3 Liebherr
14.3.4 Sandvik
14.3.5 Metso
14.3.6 Komatsu
