Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Mining Drills Market by Type (Diesel-mechanical, Diesel-electric Hybrid), By Application (Surface Mining, Underground Mining) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Mining Drills Market by Type (Diesel-mechanical, Diesel-electric Hybrid), By Application (Surface Mining, Underground Mining) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 281666 4200 Machinery & Equipment 377 187 Pages 4.9 (45)
                                          

Market Overview:


The global mining drills 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 minerals and metals across the globe, coupled with the rising investments in mineral exploration and mining activities. The market is segmented on the basis of type, application, and region. On the basis of type, diesel-mechanical drills held a major share in 2017 and are expected to continue its dominance during the forecast period as well. However, diesel-electric hybrid drills are projected to witness highest growth rate owing to their advantages such as fuel efficiency and low emissions over traditional diesel-mechanical drills. to increase in mineral production from deep mines across various regions including North America & Latin America (LATAM), Europe & Asia Pacific (APAC).


Global Mining Drills Industry Outlook


Product Definition:


A mining drill is a tool used to excavate hard rock or mineral deposits by breaking it up with a drilling head. The head is fitted with one or more cutting blades, which rotate to bore into the deposit.


Diesel-mechanical:


Diesel-mechanical (DM) is a power source used in mining equipment such as drilling rigs, loaders, and excavators. DM is the most common type of electric power source used in mining equipment. It has been widely accepted due to its benefits over other sources such as diesel engines that are used for generating electricity.


Benefits of using DM include easy conversion to mechanical energy when needed.


Diesel-electric Hybrid:


A diesel-electric hybrid (DEH) is a powertrain configuration that uses a diesel engine and electric generator to convert the energy received from the prime mover into electricity. The engine runs on diesel fuel which is provided by an external source of energy such as batteries.


The prime movers used in DEH systems include hydraulic motors, electric motors, steam turbines, gas turbines or internal combustion engines.


Application Insights:


The surface mining segment dominated the global mining drills market in 2017 and is expected to witness significant growth over the forecast period. The segment includes open-pit and underground mines. Surface mines require large equipment, such as crushing plants, which use drilling machines for smaller scale operations or small mine sites.


Mining companies prefer diesel-electric hybrid owing to reduced fuel costs and increased productivity on account of better performance than conventional diesel engines in difficult conditions such as low visibility at high altitude, extreme temperatures, high humidity levels and poor roadsites with varying types of soil including clayey soil or swampy areas where traction motors cannot be used. Hybrid vehicles are also preferred for short trips between remote locations where vehicle maintenance is a concern since they consume less fuel than other vehicles do on long trips owing to regenerative braking system that recharges the batteries during stops when no power is drawn from the engine through electric motors while idling.


Regional Analysis:


Asia Pacific dominated the global mining drills market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 45% in 2016 owing to large scale investments made by governments for developing mineral resources. For instance, China has increased its coal production target to nearly tripling its current output by 2020 from 2014 levels. This scenario is estimated to propel demand for drilling machines across Asia Pacific over the next eight years.


Europe also held a significant share in 2016 owing to increasing focus on renewable energy sources along with growing environmental concerns among people living near mines and metal processing facilities, which is anticipated would augment industry growth over the coming years.


Growth Factors:


  • Increasing demand for metal and mineral resources across the globe is expected to drive the growth of mining drills market over the forecast period.
  • Rising investments in mining sector by public and private players is anticipated to propel the demand for mining drills market.
  • Technological advancements in drilling equipment are projected to fuel the growth of mining drills market during forecast period.
  • Growing awareness about benefits of using advanced drilling technologies is likely to boost adoption of these devices, thereby propelling growth of this market over next few years.

Scope Of The Report

Report Attributes

Report Details

Report Title

Mining Drills Market Research Report

By Type

Diesel-mechanical, Diesel-electric Hybrid

By Application

Surface Mining, Underground Mining

By Companies

Atlas Copco, Sandvik, Caterpillar, Boart Longyear, Komatsu, Revathi Equipment Limited, AARD Mining Equipment, CME, Sulzer, TEI Rock Drills, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, Rockdrill Services Australia, Rockmore International, Furukawa Electric Co., Ltd.

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

187

Number of Tables & Figures

131

Customization Available

Yes, the report can be customized as per your need.


Global Mining Drills Market Report Segments:

The global Mining Drills market is segmented on the basis of:

Types

Diesel-mechanical, Diesel-electric Hybrid

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

Surface 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:

  1. Atlas Copco
  2. Sandvik
  3. Caterpillar
  4. Boart Longyear
  5. Komatsu
  6. Revathi Equipment Limited
  7. AARD Mining Equipment
  8. CME
  9. Sulzer
  10. TEI Rock Drills
  11. Guizhou Sinodrills Equipment
  12. Mindrill Systems & Solutions
  13. Rockdrill Services Australia
  14. Rockmore International
  15. Furukawa Electric Co., Ltd.

Global Mining Drills Market Overview


Highlights of The Mining Drills Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Diesel-mechanical
    2. Diesel-electric Hybrid
  1. By Application:

    1. Surface Mining
    2. Underground Mining
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mining Drills 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:

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Global Mining Drills Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Mining drills are used to extract valuable minerals and metals from the earth. They are powered by engines, and use a variety of drilling techniques to break through the earth's surface.

Some of the key players operating in the mining drills market are Atlas Copco, Sandvik, Caterpillar, Boart Longyear, Komatsu, Revathi Equipment Limited, AARD Mining Equipment, CME, Sulzer, TEI Rock Drills, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, Rockdrill Services Australia, Rockmore International, Furukawa Electric Co., Ltd..

The mining drills 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 Mining Drills 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 Mining Drills Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Mining Drills 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 Mining Drills 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 Mining Drills Market Size & Forecast, 2018-2028       4.5.1 Mining Drills Market Size and Y-o-Y Growth       4.5.2 Mining Drills Market Absolute $ Opportunity

Chapter 5 Global Mining Drills 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 Mining Drills Market Size Forecast by Type
      5.2.1 Diesel-mechanical
      5.2.2 Diesel-electric Hybrid
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Mining Drills 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 Mining Drills Market Size Forecast by Applications
      6.2.1 Surface Mining
      6.2.2 Underground Mining
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Mining Drills 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 Mining Drills 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 Mining Drills Analysis and Forecast
   9.1 Introduction
   9.2 North America Mining Drills 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 Mining Drills Market Size Forecast by Type
      9.6.1 Diesel-mechanical
      9.6.2 Diesel-electric Hybrid
   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 Mining Drills Market Size Forecast by Applications
      9.10.1 Surface 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 Mining Drills Analysis and Forecast
   10.1 Introduction
   10.2 Europe Mining Drills 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 Mining Drills Market Size Forecast by Type
      10.6.1 Diesel-mechanical
      10.6.2 Diesel-electric Hybrid
   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 Mining Drills Market Size Forecast by Applications
      10.10.1 Surface 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 Mining Drills Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Mining Drills 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 Mining Drills Market Size Forecast by Type
      11.6.1 Diesel-mechanical
      11.6.2 Diesel-electric Hybrid
   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 Mining Drills Market Size Forecast by Applications
      11.10.1 Surface 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 Mining Drills Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Mining Drills 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 Mining Drills Market Size Forecast by Type
      12.6.1 Diesel-mechanical
      12.6.2 Diesel-electric Hybrid
   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 Mining Drills Market Size Forecast by Applications
      12.10.1 Surface 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) Mining Drills Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Mining Drills 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) Mining Drills Market Size Forecast by Type
      13.6.1 Diesel-mechanical
      13.6.2 Diesel-electric Hybrid
   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) Mining Drills Market Size Forecast by Applications
      13.10.1 Surface 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 Mining Drills Market: Competitive Dashboard
   14.2 Global Mining Drills Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Atlas Copco
      14.3.2 Sandvik
      14.3.3 Caterpillar
      14.3.4 Boart Longyear
      14.3.5 Komatsu
      14.3.6 Revathi Equipment Limited
      14.3.7 AARD Mining Equipment
      14.3.8 CME
      14.3.9 Sulzer
      14.3.10 TEI Rock Drills
      14.3.11 Guizhou Sinodrills Equipment
      14.3.12 Mindrill Systems & Solutions
      14.3.13 Rockdrill Services Australia
      14.3.14 Rockmore International
      14.3.15 Furukawa Electric Co., Ltd.

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