Market Overview:
The global reverse circulation down-the-hole bits 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 reverse circulation down-the-hole bits in the mining, infrastructure, environmental and geotechnical, and geothermal applications. Additionally, the growing demand for these bits in the Asia Pacific region is also contributing to the growth of this market. However, factors such as high initial cost and limited number of service centers are restraining the growth of this market.
Product Definition:
Reverse circulation down-the-hole bits are used to drill deep holes in the earth. The bit is lowered into the hole on a cable, and a motor sends drilling fluid down the shaft of the bit. The fluid flushes cuttings from the hole and cools the bit.
≤4'':
Reverse circulation down-the-hole bits are used to drill and bore in rock or soil with the help of a rotary drilling machine. These bits are manufactured using high speed steel that is alloyed with elements such as silicon, carbon, manganese and molybdenum which helps in increasing its durability. The bit is designed to cut through the soil easily without causing any significant damage to the environment around it.
4''-6'':
4''-6'' is a type of Reverse Circulation Down-The-Hole Bit used in Drilling Fluids. 4 '' - 6 '' RCDHTB are also known as Baker Hughes Incorporated Designation: HBIC (BHI) or HC (HCS).
These bits are designed to perform efficiently in high pressure and temperature conditions, which makes them the most widely used drilling fluid material worldwide.
Application Insights:
The mining application segment led the global reverse circulation down-the-hole bits market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Reverse circulation drilling equipment is widely used for drilling deep holes, particularly in hard rock mining activities such as coal, metal ores, and granite. The equipment requires little or no maintenance after its installation since it circulates the bit throughout the day and also cleans out any debris that gets stuck in between rotating parts of drill pipe during drilling operations.
Reverse circulation down-the-hole bits are primarily used for various applications including infrastructure development, environmental & geotechnical studies along with other engineering projects related to soil stability or ground conditions analysis etc., Drilling muds are not required when using this type of bit which reduces operational costs significantly as compared to conventional rigs where a considerable amount of mud needs to be transported from surface facilities owing to high cost associated with its transportation onsite.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing mining activities and infrastructure projects. In addition, rising demand for electricity from remote locations is anticipated to propel the regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rapid development taking place in countries such as China, Australia, India, and Japan. In addition, rising investments by various governments are likely boost regional growth over next eight years or so.
Growth Factors:
- Increasing demand for reverse circulation down-the-hole bits in the mining industry as they offer high penetration rates and are suitable for drilling through hard and abrasive rocks.
- Rising investments in the exploration and development of oil and gas reserves, which is expected to drive the demand for reverse circulation down-the-hole bits over the next few years.
- Growing popularity of these bits among contractors due to their ability to drill faster than other types of bits available in the market.
- Technological advancements that have led to the development of more durable and efficient reverse circulation down-the-hole bits, thereby boosting their adoption across various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reverse Circulation Down-The-Hole Bits Market Research Report
By Type
≤4'', 4''-6'', 6''-10'', >10''
By Application
Mining, Infrastructure, Environmental and Geotechnical, Geothermal, Others
By Companies
Epiroc, Sandvik, Mincon, Robit, Rock Hog, Heijingang (Black Diamond), Drillco, Drill King, Center Rock, Numa, HOLTE
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Reverse Circulation Down-The-Hole Bits Market Report Segments:
The global Reverse Circulation Down-The-Hole Bits market is segmented on the basis of:
Types
≤4'', 4''-6'', 6''-10'', >10''
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, Infrastructure, Environmental and Geotechnical, Geothermal, Others
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:
- Epiroc
- Sandvik
- Mincon
- Robit
- Rock Hog
- Heijingang (Black Diamond)
- Drillco
- Drill King
- Center Rock
- Numa
- HOLTE
Highlights of The Reverse Circulation Down-The-Hole Bits 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:
- ≤4''
- 4''-6''
- 6''-10''
- >10''
- By Application:
- Mining
- Infrastructure
- Environmental and Geotechnical
- Geothermal
- Others
- 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 Reverse Circulation Down-The-Hole Bits 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?
Reverse circulation down-the-hole bits are a type of drill bit that is designed to be used in drilling holes in the earth. These bits are inserted into the hole and then rotated around so that they can start drilling downwards. This process helps to create a larger hole than would be possible if the bit were just drilled straight down.
Some of the major companies in the reverse circulation down-the-hole bits market are Epiroc, Sandvik, Mincon, Robit, Rock Hog, Heijingang (Black Diamond), Drillco, Drill King, Center Rock, Numa, HOLTE.
The reverse circulation down-the-hole bits 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 Reverse Circulation Down-The-Hole Bits 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 Reverse Circulation Down-The-Hole Bits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reverse Circulation Down-The-Hole Bits 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 Reverse Circulation Down-The-Hole Bits 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 Reverse Circulation Down-The-Hole Bits Market Size & Forecast, 2020-2028
4.5.1 Reverse Circulation Down-The-Hole Bits Market Size and Y-o-Y Growth
4.5.2 Reverse Circulation Down-The-Hole Bits 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 ≤4''
5.2.2 4''-6''
5.2.3 6''-10''
5.2.4 >10''
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 Mining
6.2.2 Infrastructure
6.2.3 Environmental and Geotechnical
6.2.4 Geothermal
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reverse Circulation Down-The-Hole Bits 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 Reverse Circulation Down-The-Hole Bits 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 ≤4''
9.6.2 4''-6''
9.6.3 6''-10''
9.6.4 >10''
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 Mining
9.10.2 Infrastructure
9.10.3 Environmental and Geotechnical
9.10.4 Geothermal
9.10.5 Others
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 ≤4''
10.6.2 4''-6''
10.6.3 6''-10''
10.6.4 >10''
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 Mining
10.10.2 Infrastructure
10.10.3 Environmental and Geotechnical
10.10.4 Geothermal
10.10.5 Others
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 ≤4''
11.6.2 4''-6''
11.6.3 6''-10''
11.6.4 >10''
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 Mining
11.10.2 Infrastructure
11.10.3 Environmental and Geotechnical
11.10.4 Geothermal
11.10.5 Others
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 ≤4''
12.6.2 4''-6''
12.6.3 6''-10''
12.6.4 >10''
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 Mining
12.10.2 Infrastructure
12.10.3 Environmental and Geotechnical
12.10.4 Geothermal
12.10.5 Others
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 ≤4''
13.6.2 4''-6''
13.6.3 6''-10''
13.6.4 >10''
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 Mining
13.10.2 Infrastructure
13.10.3 Environmental and Geotechnical
13.10.4 Geothermal
13.10.5 Others
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 Reverse Circulation Down-The-Hole Bits Market: Competitive Dashboard
14.2 Global Reverse Circulation Down-The-Hole Bits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Epiroc
14.3.2 Sandvik
14.3.3 Mincon
14.3.4 Robit
14.3.5 Rock Hog
14.3.6 Heijingang (Black Diamond)
14.3.7 Drillco
14.3.8 Drill King
14.3.9 Center Rock
14.3.10 Numa
14.3.11 HOLTE
