Market Overview:
The global long-hole drilling rig 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 long-hole drilling rigs for various applications such as underground mining and tunnel engineering. Additionally, the growing demand for these rigs in emerging countries is also contributing to the market growth. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market. On the basis of type, the global long-hole drilling rig market can be segmented into tophammer long-hole drilling rigs, rotary long-hole drilling rigs and down-the hole (DTH) long hole drilling rigs. Among these types, tophammer Long Hole Drilling Rig held a dominant position in 2017 and is expected to maintain its dominance during the forecast period as well owing to its low cost and easy operation compared with other types of Long Hole Drilling Rigs . On basis on application , Underground Mining accounted for majority share in 2017and it is projected that this trend would continue over next few years owing toof rising adoption rates across developing economies .
Product Definition:
A long-hole drilling rig is a piece of equipment used to drill holes in the ground that are longer than what can be drilled with a standard drill bit. These rigs are often used in mining and construction to create large holes for things like foundations or ventilation shafts.
Tophammer Long-hole Drilling Rig:
Tophammer Long-hole Drilling Rig is a kind of advanced long-hole drilling rig. It has the ability to drill multiple long holes in one go, which saves time and costs. The Tophammer Long-hole Drilling Rig can drill up to 1,000 feet deep into the earth's surface with its advanced control system and high performance computer software.
Rotary Long-hole Drilling Rig:
The rotary long-hole drilling rig is a type of oil well drilling rig which consists of a horizontal drill string with fixed or rotating rigs mounted above the main shaft. The rigs are suspended from a single point usually at the end of the main shaft. This allows for more flexibility in terms of changing direction and angle to follow the desired path through rock formation while drilling downhole wells.
The rotary long-hole rig was developed in U.
Application Insights:
The underground mining application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for drilling rigs in coal mines, where tunnels are being mined for economical extraction of coal deposits.
Drilling rigs are used extensively in underground mining applications owing to their ability to reduce costs and risks associated with blasting operations while enabling safe exploration of large unexplored galleries below the surface ground level. Furthermore, technological advancements such as advanced control systems coupled with hydraulic drives ensure high precision while lowering operational cost per unit distance drilled by orders of magnitude when compared with conventional open-hole techniques such as shafts or tunnelsing machines that require frequent maintenance and repairs due to wear & tear caused during excavation activities underground. These factors are anticipated to drive demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of long-hole drilling rigs, which are used for various applications including underground mining, tunnel engineering, and road construction. China is one of the largest markets for long-hole drilling rigs owing to factors such as low cost of ownership and high demand from customers.
The European market was valued at USD X million in 2017 owing to increasing demand from countries such as France, Germany, Italy, U.K., Poland among others who use these machines for road construction or any other type of civil engineering projects undertaken by them at domestic level or within their country borders (i).
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investment in oil & gas exploration and production
- Proliferation of unconventional hydrocarbon resources such as shale gas and tight oil
- Stringent environmental regulations for drilling operations that promote the use of more efficient long-hole drilling rigs
- Technological advancements that improve the performance and safety of long-hole drilling rigs
Scope Of The Report
Report Attributes
Report Details
Report Title
Long-hole Drilling Rig Market Research Report
By Type
Tophammer Long-hole Drilling Rig, Rotary Long-hole Drilling Rig, Down-the-Hole Long-hole Drilling Rig
By Application
Underground Mining, Tunnel Engineering
By Companies
Sandvik Mining and Construction Oy, Epiroc, Astec Industries, Rama Mining Tools, KOMATSU(JOY), HPE SA, Herbst Smag, HAZEMAG, Perseverance Drilling, DTH Drilling Solutions, Nordmeyer Smag, Nagel Group(TBT), Hong Ji Precision Machinery, First Break Mining & Construction Ltd., Changsha Drilling
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Long-hole Drilling Rig Market Report Segments:
The global Long-hole Drilling Rig market is segmented on the basis of:
Types
Tophammer Long-hole Drilling Rig, Rotary Long-hole Drilling Rig, Down-the-Hole Long-hole Drilling Rig
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
Underground Mining, Tunnel Engineering
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:
- Sandvik Mining and Construction Oy
- Epiroc
- Astec Industries
- Rama Mining Tools
- KOMATSU(JOY)
- HPE SA
- Herbst Smag
- HAZEMAG
- Perseverance Drilling
- DTH Drilling Solutions
- Nordmeyer Smag
- Nagel Group(TBT)
- Hong Ji Precision Machinery
- First Break Mining & Construction Ltd.
- Changsha Drilling
Highlights of The Long-hole Drilling Rig 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:
- Tophammer Long-hole Drilling Rig
- Rotary Long-hole Drilling Rig
- Down-the-Hole Long-hole Drilling Rig
- By Application:
- Underground Mining
- Tunnel Engineering
- 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 Long-hole Drilling Rig 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?
A long-hole drilling rig is a specialized drilling rig that is used to drill long, deep holes in the ground. This type of rig typically has a number of large, heavy drills mounted on its deck, which are used to drill down into the earth's surface.
Some of the major players in the long-hole drilling rig market are Sandvik Mining and Construction Oy, Epiroc, Astec Industries, Rama Mining Tools, KOMATSU(JOY), HPE SA, Herbst Smag, HAZEMAG, Perseverance Drilling, DTH Drilling Solutions, Nordmeyer Smag, Nagel Group(TBT), Hong Ji Precision Machinery, First Break Mining & Construction Ltd., Changsha Drilling.
The long-hole drilling rig market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Long-hole Drilling Rig Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Long-hole Drilling Rig Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Long-hole Drilling Rig Market - Supply Chain
4.5. Global Long-hole Drilling Rig Market Forecast
4.5.1. Long-hole Drilling Rig Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Long-hole Drilling Rig Market Size (000 Units) and Y-o-Y Growth
4.5.3. Long-hole Drilling Rig Market Absolute $ Opportunity
5. Global Long-hole Drilling Rig Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Long-hole Drilling Rig Market Size and Volume Forecast by Type
5.3.1. Tophammer Long-hole Drilling Rig
5.3.2. Rotary Long-hole Drilling Rig
5.3.3. Down-the-Hole Long-hole Drilling Rig
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Long-hole Drilling Rig Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Long-hole Drilling Rig Market Size and Volume Forecast by Application
6.3.1. Underground Mining
6.3.2. Tunnel Engineering
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Long-hole Drilling Rig Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Long-hole Drilling Rig Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Long-hole Drilling Rig Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Long-hole Drilling Rig Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Long-hole Drilling Rig Demand Share Forecast, 2019-2026
9. North America Long-hole Drilling Rig Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Long-hole Drilling Rig Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Long-hole Drilling Rig Market Size and Volume Forecast by Application
9.4.1. Underground Mining
9.4.2. Tunnel Engineering
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Long-hole Drilling Rig Market Size and Volume Forecast by Type
9.7.1. Tophammer Long-hole Drilling Rig
9.7.2. Rotary Long-hole Drilling Rig
9.7.3. Down-the-Hole Long-hole Drilling Rig
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Long-hole Drilling Rig Demand Share Forecast, 2019-2026
10. Latin America Long-hole Drilling Rig Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Long-hole Drilling Rig Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Long-hole Drilling Rig Market Size and Volume Forecast by Application
10.4.1. Underground Mining
10.4.2. Tunnel Engineering
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Long-hole Drilling Rig Market Size and Volume Forecast by Type
10.7.1. Tophammer Long-hole Drilling Rig
10.7.2. Rotary Long-hole Drilling Rig
10.7.3. Down-the-Hole Long-hole Drilling Rig
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Long-hole Drilling Rig Demand Share Forecast, 2019-2026
11. Europe Long-hole Drilling Rig Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Long-hole Drilling Rig Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Long-hole Drilling Rig Market Size and Volume Forecast by Application
11.4.1. Underground Mining
11.4.2. Tunnel Engineering
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Long-hole Drilling Rig Market Size and Volume Forecast by Type
11.7.1. Tophammer Long-hole Drilling Rig
11.7.2. Rotary Long-hole Drilling Rig
11.7.3. Down-the-Hole Long-hole Drilling Rig
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Long-hole Drilling Rig Demand Share, 2019-2026
12. Asia Pacific Long-hole Drilling Rig Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Long-hole Drilling Rig Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Long-hole Drilling Rig Market Size and Volume Forecast by Application
12.4.1. Underground Mining
12.4.2. Tunnel Engineering
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Long-hole Drilling Rig Market Size and Volume Forecast by Type
12.7.1. Tophammer Long-hole Drilling Rig
12.7.2. Rotary Long-hole Drilling Rig
12.7.3. Down-the-Hole Long-hole Drilling Rig
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Long-hole Drilling Rig Demand Share, 2019-2026
13. Middle East & Africa Long-hole Drilling Rig Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Long-hole Drilling Rig Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Long-hole Drilling Rig Market Size and Volume Forecast by Application
13.4.1. Underground Mining
13.4.2. Tunnel Engineering
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Long-hole Drilling Rig Market Size and Volume Forecast by Type
13.7.1. Tophammer Long-hole Drilling Rig
13.7.2. Rotary Long-hole Drilling Rig
13.7.3. Down-the-Hole Long-hole Drilling Rig
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Long-hole Drilling Rig Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Long-hole Drilling Rig Market: Market Share Analysis
14.2. Long-hole Drilling Rig Distributors and Customers
14.3. Long-hole Drilling Rig Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik Mining and Construction Oy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Epiroc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Astec Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rama Mining Tools
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KOMATSU(JOY)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HPE SA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Herbst Smag
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HAZEMAG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Perseverance Drilling
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DTH Drilling Solutions
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nordmeyer Smag
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nagel Group(TBT)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hong Ji Precision Machinery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. First Break Mining & Construction Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changsha Drilling
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
