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).
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:
- 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.
Highlights of The Mining Drills 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-mechanical
- Diesel-electric Hybrid
- By Application:
- Surface 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 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:
- Correctly Positioning New Products
- Market Entry Strategies
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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?
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.