Mining Drill Rigs Market Report: Trends, Forecast and Competitive Analysis to 2030

Mining Drill Rigs Trends and Forecast

The future of the global mining drill rigs market looks promising with opportunities in the automatic and manual markets. The global mining drill rigs market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising demand for minerals and metals and growing investments in the energy sectors.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Mining Drill Rigs by Segment

The study includes a forecast for the global mining drill rigs by drilling method, drilling fluid, mode of operation, power transmission, and region.

Mining Drill Rigs Market by Drilling Method [Shipment Analysis by Value from 2018 to 2030]:

• Core Drilling
• Reverse Circulation Drilling

Mining Drill Rigs Market by Drilling Fluid [Shipment Analysis by Value from 2018 to 2030]:

• Air Drilling
• Oil-Based Mud
• Water-Based Mud

Mining Drill Rigs Market by Mode of Operation [Shipment Analysis by Value from 2018 to 2030]:

• Automatic
• Manual

Mining Drill Rigs Market by Power Transmission [Shipment Analysis by Value from 2018 to 2030]:

• Electrical
• Hydraulic
• Mechanical

Mining Drill Rigs Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Mining Drill Rigs Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mining drill rigs companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining drill rigs companies profiled in this report include-

• Atlas Copco
• Ausdrill By Perenti
• Beaver Engineering
• Boart Longyear
• Caterpillar
• Changsha Heijingang Industrial
• Doosan Corporation
• Epiroc
• FAMUR
• Geomachine Oy

Mining Drill Rigs Market Insights

Lucintel forecasts that reverse circulation drilling is expected to witness higher growth over the forecast period.

Within this market, automatic is expected to witness higher growth.

APAC will remain the largest region over the forecast period.

Features of the Global Mining Drill Rigs Market

Market Size Estimates: Mining drill rigs market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mining drill rigs market size by various segments, such as by drilling method, drilling fluid, mode of operation, power transmission, and region in terms of value ($B).

Regional Analysis: Mining drill rigs market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different drilling methods, drilling fluid, modes of operation, power transmission, and regions for the mining drill rigs market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining drill rigs market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for mining drill rigs market?

Answer: The global mining drill rigs market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the mining drill rigs market?

Answer: The major drivers for this market are rising demand for minerals and metals and growing investments in the energy sectors.

Q3. What are the major segments for mining drill rigs market?

Answer: The future of the mining drill rigs market looks promising with opportunities in the automatic and manual markets.

Q4. Who are the key mining drill rigs market companies?

Answer: Some of the key mining drill rigs companies are as follows:

• Atlas Copco
• Ausdrill By Perenti
• Beaver Engineering
• Boart Longyear
• Caterpillar
• Changsha Heijingang Industrial
• Doosan Corporation
• Epiroc
• FAMUR
• Geomachine Oy

Q5. Which mining drill rigs market segment will be the largest in future?

Answer: Lucintel forecasts that reverse circulation drilling is expected to witness higher growth over the forecast period.

Q6. In mining drill rigs market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mining drill rigs market by drilling method (core drilling and reverse circulation drilling), drilling fluid (air drilling, oil-based mud, and water-based mud), mode of operation (automatic and manual), power transmission (electrical, hydraulic, and mechanical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?