Market Overview:
The global rock drills market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for rock drills in mining and excavation applications, and rising investments in public works projects across the globe. The global rock drills market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into hydraulic rock drills, pneumatic rock drills, and gas-powered rock drills. Hydraulic Rock Drills are further sub-segmented into rotary drill rigs and percussion drill rigs while Pneumatic Rock Drills are further sub-segmented into air leg drilling rigs and handheld drilling rigs. Gas Powered Rock Drill Rig is further sub-segmented into engine powered drill rig & compressor powered drill rig segments On The Basis Of Application , Mining Is Expected To Hold A Larger Market Share Than Other Applications Such As Excavation And Public Work . Regionally , North America Is Expected To Dominate The Global Market In Terms Of Revenue Due To High Investments In Mining Activities .
Product Definition:
A rock drill is a tool used to excavate rocks, including drilling into the rock to create a hole for blasting.
Hydraulic:
Hydraulic is the force that is generated when a liquid is applied to the land surface and causes deformation of soil or rock. The main function of hydraulic equipment in mining industry, apart from providing comfort and safety to operators, is to enable extraction of minerals from mines by applying pressure on the extracted material. Hydraulic fracturing involves forcing water mixed with chemicals into shale beds at high pressure in order to break up shale deposits so that they can be mined more efficiently.
Pneumatic:
Pneumatic components are used in rock drills for the purpose of creating a vacuum and subsequently removing the drill cuttings. The pneumatic components consist of valves, nozzles, bags, and cylinders that are used to control the flow rate. The working principle behind it all is based on Pascal’s law which states that pressure x volume ratio will determine a substance’s mass or weight.
Application Insights:
The mining application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing demand for coal, copper, and other minerals from various end-use industries such as construction and electrical appliances. Moreover, rising demand for steel from infrastructure development activities is expected to augment the product demand in this segment over the forecast period.
The public work application segment is anticipated to witness a CAGR of XX% during the forecast period owing to extensive use of these products in road construction activities across countries such as India and China due to high traffic density on roads resulting in increased wear & tear on vehicles traveling on roads which necessitates frequent repairs & maintenance operations requiring large number of rocks broken into smaller pieces thereby making them easier to carry away resulting in higher product consumption at a lower cost per unit volume thus generating greater revenues for manufacturers over time.
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 various government initiatives such as “Make in Indiaâ€, which provides tax benefits for manufacturing units, and “One Belt One Road Initiative†(OBOR) by China. These factors are anticipated to drive the demand for rock drills across Asia Pacific over the forecast period.
North America accounted for a significant share of revenue on account of growing investments related to public works projects undertaken by governments of Mexico and Canada. For instance, according to World Bank data, total investment flow into Canada increased from USD X billion (equivalent to Indian Rupee Bond) between 2009-10 and 2014-15to USD X billion between 2015-16 and 2018-19 i ndicating an increase of 7%.
Growth Factors:
- Increasing demand for rock drills from the construction and mining industries as a result of the growth in these sectors.
- Rising demand for smaller, more portable rock drills that can be used in tight spaces.
- The increasing use of hydraulic-powered rock drills, which are becoming more popular due to their high power and efficiency.
- Growing demand for electric-powered rock drills, especially in regions with stringent emissions regulations.
- Advances in drill bit technology that allow operators to achieve faster drilling speeds and longer life spans
Scope Of The Report
Report Attributes
Report Details
Report Title
Rock Drills Market Research Report
By Type
Hydraulic, Pneumatic, Gas
By Application
Mining, Rock Excavation, Public Work
By Companies
Atlas Copco, APT, Chicago Pneumatic, Texas Pneumatic, Midwest, Sullair, Tamco, Toku, MARUZEN KOGYO, LHS Rock Tools
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Rock Drills Market Report Segments:
The global Rock Drills market is segmented on the basis of:
Types
Hydraulic, Pneumatic, Gas
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, Rock Excavation, Public Work
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
- APT
- Chicago Pneumatic
- Texas Pneumatic
- Midwest
- Sullair
- Tamco
- Toku
- MARUZEN KOGYO
- LHS Rock Tools
Highlights of The Rock 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:
- Hydraulic
- Pneumatic
- Gas
- By Application:
- Mining
- Rock Excavation
- Public Work
- 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 Rock 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
- 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?
Rock drills are a type of drilling equipment used to create holes in rock. They consist of a drill bit, which is inserted into the drill hole, and a motor that powers the bit. The drill bit rotates as it moves through the rock, creating small holes that can be accessed by the operator.
Some of the major companies in the rock drills market are Atlas Copco, APT, Chicago Pneumatic, Texas Pneumatic, Midwest, Sullair, Tamco, Toku, MARUZEN KOGYO, LHS Rock Tools.
The rock drills market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rock 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 Rock Drills Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rock 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 Rock 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 Rock Drills Market Size & Forecast, 2018-2028
4.5.1 Rock Drills Market Size and Y-o-Y Growth
4.5.2 Rock Drills Market Absolute $ Opportunity
Chapter 5 Global Rock 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 Rock Drills Market Size Forecast by Type
5.2.1 Hydraulic
5.2.2 Pneumatic
5.2.3 Gas
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rock 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 Rock Drills Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Rock Excavation
6.2.3 Public Work
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rock 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 Rock 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 Rock Drills Analysis and Forecast
9.1 Introduction
9.2 North America Rock 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 Rock Drills Market Size Forecast by Type
9.6.1 Hydraulic
9.6.2 Pneumatic
9.6.3 Gas
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 Rock Drills Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Rock Excavation
9.10.3 Public Work
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 Rock Drills Analysis and Forecast
10.1 Introduction
10.2 Europe Rock 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 Rock Drills Market Size Forecast by Type
10.6.1 Hydraulic
10.6.2 Pneumatic
10.6.3 Gas
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 Rock Drills Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Rock Excavation
10.10.3 Public Work
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 Rock Drills Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rock 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 Rock Drills Market Size Forecast by Type
11.6.1 Hydraulic
11.6.2 Pneumatic
11.6.3 Gas
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 Rock Drills Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Rock Excavation
11.10.3 Public Work
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 Rock Drills Analysis and Forecast
12.1 Introduction
12.2 Latin America Rock 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 Rock Drills Market Size Forecast by Type
12.6.1 Hydraulic
12.6.2 Pneumatic
12.6.3 Gas
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 Rock Drills Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Rock Excavation
12.10.3 Public Work
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) Rock Drills Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rock 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) Rock Drills Market Size Forecast by Type
13.6.1 Hydraulic
13.6.2 Pneumatic
13.6.3 Gas
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) Rock Drills Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Rock Excavation
13.10.3 Public Work
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 Rock Drills Market: Competitive Dashboard
14.2 Global Rock Drills Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 APT
14.3.3 Chicago Pneumatic
14.3.4 Texas Pneumatic
14.3.5 Midwest
14.3.6 Sullair
14.3.7 Tamco
14.3.8 Toku
14.3.9 MARUZEN KOGYO
14.3.10 LHS Rock Tools
