The global underground drill rigs market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The market is driven by the increasing demand for drilling rigs in various applications such as mineral drilling, oil drilling, and water drilling. The increasing demand for mineral resources such as coal and copper has led to an increase in the number of mining operations across the globe. This has increased the demand for drill rigs in mineral exploration activities which are used to extract minerals from deep mines or quarries. Drill rigs are also used extensively in oil exploration activities where they are used to extract crude oil from deep wells or reservoirs that have been drilled into the earth's surface. Drill rigs are also used extensively in water exploration activities where they are used to extract groundwater from deep wells or reservoirs that have been drilled into the earth's surface.
- The increasing demand for oil and gas exploration is a major factor driving the growth of the underground drill rigs market.
- The increasing number of drilling projects in emerging economies such as China, India, and Brazil is also a major factor driving the growth of the underground drill rigs market.
- The growing need to explore new sources of hydrocarbons in order to meet global energy demands is another factor driving the growth of this market.
- Increasing investments by governments in developing countries are also fuelling this market's growth as they are looking for new sources of hydrocarbons to meet their energy needs and reduce dependence on imports from other countries such as Russia, Saudi Arabia, Nigeria, and Venezuela which have been experiencing political instability or economic downturns recently.
- Increasing environmental concerns about fossil fuels are also fuelling this market's growth as they provide an alternative source for power generation.
Industry Growth Insights published a new data on “Underground Drill Rigs Market”. The research report is titled “Underground Drill Rigs Market research by Types (Diesel Engine, Electric Engine), By Applications (Mineral Drilling, Oil Drilling, Water Drilling), By Players/Companies Sandvik, VersaDrill, Mine Master, Atlas Copco (Epiroc), Boart Longyear, Arctic Drilling, Geomachine, Titan Makina, Robodrill, GHH-Fahrzeuge, Omag, TMG Manufacturing, Barkom”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Underground Drill Rigs Market Research Report
By Type
Diesel Engine, Electric Engine
By Application
Mineral Drilling, Oil Drilling, Water Drilling
By Companies
Sandvik, VersaDrill, Mine Master, Atlas Copco (Epiroc), Boart Longyear, Arctic Drilling, Geomachine, Titan Makina, Robodrill, GHH-Fahrzeuge, Omag, TMG Manufacturing, Barkom
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Underground Drill Rigs Market Report Segments:
The global Underground Drill Rigs market is segmented on the basis of:
Types
Diesel Engine, Electric Engine
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
Mineral Drilling, Oil Drilling, Water Drilling
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
- VersaDrill
- Mine Master
- Atlas Copco (Epiroc)
- Boart Longyear
- Arctic Drilling
- Geomachine
- Titan Makina
- Robodrill
- GHH-Fahrzeuge
- Omag
- TMG Manufacturing
- Barkom
Highlights of The Underground 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:
- Diesel Engine
- Electric Engine
- By Application:
- Mineral Drilling
- Oil Drilling
- Water Drilling
- 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 Underground 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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- 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?
Underground Drill Rigs are a type of drilling rig that is used to drill into the earth. They are typically used for oil and gas drilling, but they can also be used for other types of drilling. Underground Drill Rigs typically have a number of different parts, including a drill bit, a motor, and an underground storage container.
Some of the key players operating in the underground drill rigs market are Sandvik, VersaDrill, Mine Master, Atlas Copco (Epiroc), Boart Longyear, Arctic Drilling, Geomachine, Titan Makina, Robodrill, GHH-Fahrzeuge, Omag, TMG Manufacturing, Barkom.
The underground drill rigs market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Underground 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. Underground 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. Underground Drill Rigs Market - Supply Chain
4.5. Global Underground Drill Rigs Market Forecast
4.5.1. Underground Drill Rigs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Underground Drill Rigs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Underground Drill Rigs Market Absolute $ Opportunity
5. Global Underground 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. Underground Drill Rigs Market Size and Volume Forecast by Type
5.3.1. Diesel Engine
5.3.2. Electric Engine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Underground 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. Underground Drill Rigs Market Size and Volume Forecast by Application
6.3.1. Mineral Drilling
6.3.2. Oil Drilling
6.3.3. Water Drilling
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Underground 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. Underground 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 Underground 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. Underground 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 Underground Drill Rigs Demand Share Forecast, 2019-2026
9. North America Underground 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 Underground 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 Underground Drill Rigs Market Size and Volume Forecast by Application
9.4.1. Mineral Drilling
9.4.2. Oil Drilling
9.4.3. Water Drilling
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Underground Drill Rigs Market Size and Volume Forecast by Type
9.7.1. Diesel Engine
9.7.2. Electric Engine
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 Underground Drill Rigs Demand Share Forecast, 2019-2026
10. Latin America Underground 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 Underground 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 Underground Drill Rigs Market Size and Volume Forecast by Application
10.4.1. Mineral Drilling
10.4.2. Oil Drilling
10.4.3. Water Drilling
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Underground Drill Rigs Market Size and Volume Forecast by Type
10.7.1. Diesel Engine
10.7.2. Electric Engine
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 Underground Drill Rigs Demand Share Forecast, 2019-2026
11. Europe Underground 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 Underground 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 Underground Drill Rigs Market Size and Volume Forecast by Application
11.4.1. Mineral Drilling
11.4.2. Oil Drilling
11.4.3. Water Drilling
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Underground Drill Rigs Market Size and Volume Forecast by Type
11.7.1. Diesel Engine
11.7.2. Electric Engine
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 Underground Drill Rigs Demand Share, 2019-2026
12. Asia Pacific Underground 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 Underground 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 Underground Drill Rigs Market Size and Volume Forecast by Application
12.4.1. Mineral Drilling
12.4.2. Oil Drilling
12.4.3. Water Drilling
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Underground Drill Rigs Market Size and Volume Forecast by Type
12.7.1. Diesel Engine
12.7.2. Electric Engine
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 Underground Drill Rigs Demand Share, 2019-2026
13. Middle East & Africa Underground 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 Underground 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 Underground Drill Rigs Market Size and Volume Forecast by Application
13.4.1. Mineral Drilling
13.4.2. Oil Drilling
13.4.3. Water Drilling
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Underground Drill Rigs Market Size and Volume Forecast by Type
13.7.1. Diesel Engine
13.7.2. Electric Engine
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 Underground Drill Rigs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Underground Drill Rigs Market: Market Share Analysis
14.2. Underground Drill Rigs Distributors and Customers
14.3. Underground Drill Rigs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VersaDrill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mine Master
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Atlas Copco (Epiroc)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Boart Longyear
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arctic Drilling
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Geomachine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Titan Makina
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Robodrill
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GHH-Fahrzeuge
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Omag
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TMG Manufacturing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Barkom
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
