Market Overview:
The global surface drill rigs 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 surface drill rigs in mining, quarrying, and dimension stone industry applications. Additionally, the growing demand for surface drill rigs in civil engineering applications is also contributing to the growth of this market. 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 surface drill rigs market can be segmented into tophammer drills and down-the-hole (DTH) drills. The tophammer drills segment is expected to account for a larger share of this market during the forecast period owing to its higher adoption in mining and quarrying applications. On the basis of application, this market can be divided into mining, quarrying Dimension stone industry,, civil engineering,, other Applications), and by region (North America,, Latin America Europe Asia Pacific ,and Middle East & Africa). Among these regions,. North America accounted for a larger shareof th eglobalsurface dril l rigsm arke tin 2017 .
Product Definition:
A surface drill rig is a piece of equipment used to drill holes in the ground. It is mounted on the back of a truck or trailer and can be towed to the desired location. The rig has a mast that extends upward, allowing the operator to position the drill bit at the desired depth. The rig also has a hydraulic system that powers the drilling apparatus.
Tophammer:
Tophammer is a device used in the drilling of boreholes. It's main function is to control the depth of cuttings and prevent them from flowing back into the wellbore. The taphonomic term for this equipment is “weight on” or “downhole weight control system” (DWCS). Tophammer consists of two main components, namely, a weight and an actuator.
Down-the-hole:
The down-the-hole (DTH) is a method of drilling into the earth's surface by sending a drill string down into the ground. The DTH method is used in surface drill rigs to extract minerals and rocks from the earth's crust. It uses an open hole concept, where air or water are allowed to blow or flow through the bottom of the drill string at high pressure.
Application Insights:
The global demand for drilling rigs has witnessed a paradigm shift due to the growing need for efficient and cost-effective methods of oil & gas extraction. The mining application segment accounted for the largest market share in 2017, owing to an increase in coal, metal and other mineral mining activities across various regions.
Mining companies are increasingly using these equipment as it provides them with flexibility and energy efficiency at lower costs than conventional open-pit or underground mines. Moreover, increasing demand from emerging economies such as India & China is expected to drive the industry growth over the forecast period.
Regional Analysis:
North America dominated the global surface drill rigs market in 2016 with a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for technologically advanced products, presence of prominent manufacturers, and rising need for exploration activities. In addition, growing shale gas reserves in the U.S., which require extensive drilling techniques such as multi-hole drilling and hydraulic fracturing are further anticipated to drive product demand in this region.
Asia Pacific is estimated to witness significant growth during the forecast period owing to rapid development of mining industry coupled with government initiatives aimed at encouraging private investments in mineral processing facilities across India and China.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in drilling activities by oil and gas companies
- Proliferation of shale gas exploration and production activities
- Technological advancements in surface drill rigs that improve efficiency and reduce costs
- Growing demand for electric vehicles, which will require more drilling for lithium, cobalt, etc., thereby boosting the surface drill rigs market
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Drill Rigs Market Research Report
By Type
Tophammer, Down-the-hole, Other
By Application
Mining, Quarrying, Dimension Stone Industry, Civil Engineering, Other
By Companies
Atlas Copco, Sandvik, Herrenknecht, Robbins, Akkerman, Sunward, Furukawa, Hausherr, Junjin CSM, JK 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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Surface Drill Rigs Market Report Segments:
The global Surface Drill Rigs market is segmented on the basis of:
Types
Tophammer, Down-the-hole, Other
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, Quarrying, Dimension Stone Industry, Civil Engineering, Other
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
- Herrenknecht
- Robbins
- Akkerman
- Sunward
- Furukawa
- Hausherr
- Junjin CSM
- JK Drilling
Highlights of The Surface Drill Rigs 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
- Down-the-hole
- Other
- By Application:
- Mining
- Quarrying
- Dimension Stone Industry
- Civil Engineering
- Other
- 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 Surface Drill Rigs 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?
Surface drill rigs are used to extract oil and gas from the ground. They consist of a drilling rig, which is mounted on a truck or trailer, and several drilling machines. The machines use rotary drills to break through the earth's surface and extract the oil or gas.
Some of the key players operating in the surface drill rigs market are Atlas Copco, Sandvik, Herrenknecht, Robbins, Akkerman, Sunward, Furukawa, Hausherr, Junjin CSM, JK Drilling.
The surface drill rigs market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surface Drill Rigs 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. Surface Drill Rigs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surface Drill Rigs Market - Supply Chain
4.5. Global Surface Drill Rigs Market Forecast
4.5.1. Surface Drill Rigs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surface Drill Rigs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surface Drill Rigs Market Absolute $ Opportunity
5. Global Surface Drill Rigs 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. Surface Drill Rigs Market Size and Volume Forecast by Type
5.3.1. Tophammer
5.3.2. Down-the-hole
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surface Drill Rigs 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. Surface Drill Rigs Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Quarrying
6.3.3. Dimension Stone Industry
6.3.4. Civil Engineering
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surface Drill Rigs 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. Surface Drill Rigs 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 Surface Drill Rigs 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. Surface Drill Rigs 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 Surface Drill Rigs Demand Share Forecast, 2019-2026
9. North America Surface Drill Rigs 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 Surface Drill Rigs 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 Surface Drill Rigs Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Quarrying
9.4.3. Dimension Stone Industry
9.4.4. Civil Engineering
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surface Drill Rigs Market Size and Volume Forecast by Type
9.7.1. Tophammer
9.7.2. Down-the-hole
9.7.3. Other
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 Surface Drill Rigs Demand Share Forecast, 2019-2026
10. Latin America Surface Drill Rigs 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 Surface Drill Rigs 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 Surface Drill Rigs Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Quarrying
10.4.3. Dimension Stone Industry
10.4.4. Civil Engineering
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surface Drill Rigs Market Size and Volume Forecast by Type
10.7.1. Tophammer
10.7.2. Down-the-hole
10.7.3. Other
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 Surface Drill Rigs Demand Share Forecast, 2019-2026
11. Europe Surface Drill Rigs 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 Surface Drill Rigs 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 Surface Drill Rigs Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Quarrying
11.4.3. Dimension Stone Industry
11.4.4. Civil Engineering
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surface Drill Rigs Market Size and Volume Forecast by Type
11.7.1. Tophammer
11.7.2. Down-the-hole
11.7.3. Other
11.8. Basis Point Share (BPS) Anaysis 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 Surface Drill Rigs Demand Share, 2019-2026
12. Asia Pacific Surface Drill Rigs 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 Surface Drill Rigs 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 Surface Drill Rigs Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Quarrying
12.4.3. Dimension Stone Industry
12.4.4. Civil Engineering
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surface Drill Rigs Market Size and Volume Forecast by Type
12.7.1. Tophammer
12.7.2. Down-the-hole
12.7.3. Other
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 Surface Drill Rigs Demand Share, 2019-2026
13. Middle East & Africa Surface Drill Rigs 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 Surface Drill Rigs 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 Surface Drill Rigs Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Quarrying
13.4.3. Dimension Stone Industry
13.4.4. Civil Engineering
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surface Drill Rigs Market Size and Volume Forecast by Type
13.7.1. Tophammer
13.7.2. Down-the-hole
13.7.3. Other
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 Surface Drill Rigs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surface Drill Rigs Market: Market Share Analysis
14.2. Surface Drill Rigs Distributors and Customers
14.3. Surface Drill Rigs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Copco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sandvik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Herrenknecht
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Robbins
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Akkerman
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sunward
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Furukawa
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hausherr
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Junjin CSM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JK Drilling
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
