Mining Drill Rigs Market by Drilling Method (Core Drilling, Reverse Circulation Drilling), Drilling Fluid (Air Drilling, Oil-based Mud, Water-based Mud), Mode of Operation, Power Transmission, System, Application - Global Forecast 2024-2030

Mining Drill Rigs Market by Drilling Method (Core Drilling, Reverse Circulation Drilling), Drilling Fluid (Air Drilling, Oil-based Mud, Water-based Mud), Mode of Operation, Power Transmission, System, Application - Global Forecast 2024-2030


The Mining Drill Rigs Market size was estimated at USD 3.87 billion in 2023 and expected to reach USD 4.10 billion in 2024, at a CAGR 6.45% to reach USD 6.00 billion by 2030.A mining drill rig is a complex industrial machine specifically designed for drilling and exploration activities in the mining sector. These machines are pivotal in locating, extracting, and processing valuable mineral resources beneath the Earth's surface. Several mining drill rigs are available in the market, classified based on their intended application, drilling method, and mobility. Employing advanced technologies and highly specialized equipment, mining drill rigs facilitate the safe, efficient, and environmentally responsible extraction of minerals needed to support modern economies. The rapid development of end-user sectors and demand for metals and minerals drive the usage of mining drill rigs. On the contrary, operational and mobility issues and environmental concerns hinder market expansion. However, the development of advanced mining drilling rigs and a gradual surge in the number of exploration activities worldwide is expected to accelerate their adoption in the future.

Regional Insights

The mining drill rig market in the Americas is growing with a significant share of mining and exploration activities due to the continuous expansion of the automotive, aerospace, and electronics sector. According to the U.S. Geological Survey, in 2020, the United States mining industry produced a diverse range of nonfuel minerals valued at USD 82.3 billion, encompassing the production of various mineral commodities, including industrial minerals, natural aggregates, and ferrous and nonferrous metals. In the Asia-Pacific region, mining drill rigs are extensively used in the mining sector due to their abundant natural resources and rapidly increasing demand for minerals to support industrialization and urbanization across China, India, Indonesia, and Australia. The market in the EMEA region is characterized by the development and integration of advanced technologies with significant market players, increasing demand for natural resources, and strategic investments by countries seeking to expand their industries. Moreover, the efforts made by developing economies to increase surface and underground mining operations and the introduction of advanced drilling technologies by market players are expected to augment market growth in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Mining Drill Rigs Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Mining Drill Rigs Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Mining Drill Rigs Market, highlighting leading vendors and their innovative profiles. These include Atlas Copco, Ausdrill by Perenti Limited, Beaver Engineering Corporation, Boart Longyear, Caterpillar Inc., Changsha Heijingang Industrial Co., Ltd., Doosan Corporation, Epiroc AB, FAMUR, Geomachine Oy, Honghua Group Ltd., Hydra srl, KLR Industries Limited, Komatsu Ltd., Liebherr-International Deutschland GmbH, MASSENZA DRILLING RIGS, Mine Master Ltd., PRD RIGS, Revathi Equipment Limited, Rock Dril Thailand Co. Ltd, Sandvik AB, Stenuick International, SVE Drilling Tools Pvt. Ltd., TALLERES SEGOVIA S.L., and Wuxi Antian Engineering Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Mining Drill Rigs Market to forecast the revenues and analyze trends in each of the following sub-markets:

Drilling Method

Core Drilling

Reverse Circulation Drilling
Drilling Fluid

Air Drilling

Oil-based Mud

Water-based Mud
Mode of Operation

Automatic

Manual
Power Transmission

Electrical

Hydraulic

Mechanical
System

Circulation System

Hoisting System

Power System

Rotary System

Well Control System/Blowout Prevention System
Application

Exploration

Ore Extraction
Region

Americas
Argentina
Brazil
Canada
Mexico
United States

California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Mining Drill Rigs Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Mining Drill Rigs Market?
3. What are the technology trends and regulatory frameworks in the Mining Drill Rigs Market?
4. What is the market share of the leading vendors in the Mining Drill Rigs Market?
5. Which modes and strategic moves are suitable for entering the Mining Drill Rigs Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Mining Drill Rigs Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Proliferating demand for minerals and metals from manufacturing industries
5.1.1.2. Growing adoption of automatic and mobile drilling rigs
5.1.2. Restraints
5.1.2.1. Operational limitations and limited mobility of drilling rigs
5.1.3. Opportunities
5.1.3.1. Technological advancements in mining drilling rigs
5.1.3.2. Increasing investments in exploration activities worldwide
5.1.4. Challenges
5.1.4.1. Adverse environmental impact of drilling
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Mining Drill Rigs Market, by Drilling Method
6.1. Introduction
6.2. Core Drilling
6.3. Reverse Circulation Drilling
7. Mining Drill Rigs Market, by Drilling Fluid
7.1. Introduction
7.2. Air Drilling
7.3. Oil-based Mud
7.4. Water-based Mud
8. Mining Drill Rigs Market, by Mode of Operation
8.1. Introduction
8.2. Automatic
8.3. Manual
9. Mining Drill Rigs Market, by Power Transmission
9.1. Introduction
9.2. Electrical
9.3. Hydraulic
9.4. Mechanical
10. Mining Drill Rigs Market, by System
10.1. Introduction
10.2. Circulation System
10.3. Hoisting System
10.4. Power System
10.5. Rotary System
10.6. Well Control System/Blowout Prevention System
11. Mining Drill Rigs Market, by Application
11.1. Introduction
11.2. Exploration
11.3. Ore Extraction
12. Americas Mining Drill Rigs Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Mining Drill Rigs Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Mining Drill Rigs Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
15.3.1. New Product Launch & Enhancement
15.3.1.1. Sandvik launches new intelligent top hammer longhole drill rig
15.3.2. Award, Recognition, & Expansion
15.3.2.1. Epiroc to deliver automation-ready drill rigs and LHDs to Hummingbird’s Komana mine
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. Atlas Copco
16.1.2. Ausdrill by Perenti Limited
16.1.3. Beaver Engineering Corporation
16.1.4. Boart Longyear
16.1.5. Caterpillar Inc.
16.1.6. Changsha Heijingang Industrial Co., Ltd.
16.1.7. Doosan Corporation
16.1.8. Epiroc AB
16.1.9. FAMUR
16.1.10. Geomachine Oy
16.1.11. Honghua Group Ltd.
16.1.12. Hydra srl
16.1.13. KLR Industries Limited
16.1.14. Komatsu Ltd.
16.1.15. Liebherr-International Deutschland GmbH
16.1.16. MASSENZA DRILLING RIGS
16.1.17. Mine Master Ltd.
16.1.18. PRD RIGS
16.1.19. Revathi Equipment Limited
16.1.20. Rock Dril Thailand Co. Ltd
16.1.21. Sandvik AB
16.1.22. Stenuick International
16.1.23. SVE Drilling Tools Pvt. Ltd.
16.1.24. TALLERES SEGOVIA S.L.
16.1.25. Wuxi Antian Engineering Technology Co., Ltd.
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing
FIGURE 1. MINING DRILL RIGS MARKET RESEARCH PROCESS
FIGURE 2. MINING DRILL RIGS MARKET SIZE, 2023 VS 2030
FIGURE 3. MINING DRILL RIGS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. MINING DRILL RIGS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. MINING DRILL RIGS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. MINING DRILL RIGS MARKET DYNAMICS
FIGURE 7. MINING DRILL RIGS MARKET SIZE, BY DRILLING METHOD, 2023 VS 2030 (%)
FIGURE 8. MINING DRILL RIGS MARKET SIZE, BY DRILLING METHOD, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. MINING DRILL RIGS MARKET SIZE, BY DRILLING FLUID, 2023 VS 2030 (%)
FIGURE 10. MINING DRILL RIGS MARKET SIZE, BY DRILLING FLUID, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. MINING DRILL RIGS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2030 (%)
FIGURE 12. MINING DRILL RIGS MARKET SIZE, BY MODE OF OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. MINING DRILL RIGS MARKET SIZE, BY POWER TRANSMISSION, 2023 VS 2030 (%)
FIGURE 14. MINING DRILL RIGS MARKET SIZE, BY POWER TRANSMISSION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. MINING DRILL RIGS MARKET SIZE, BY SYSTEM, 2023 VS 2030 (%)
FIGURE 16. MINING DRILL RIGS MARKET SIZE, BY SYSTEM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. MINING DRILL RIGS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 18. MINING DRILL RIGS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. AMERICAS MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. AMERICAS MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. UNITED STATES MINING DRILL RIGS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 22. UNITED STATES MINING DRILL RIGS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ASIA-PACIFIC MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. ASIA-PACIFIC MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. EUROPE, MIDDLE EAST & AFRICA MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. EUROPE, MIDDLE EAST & AFRICA MINING DRILL RIGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. MINING DRILL RIGS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 28. MINING DRILL RIGS MARKET SHARE, BY KEY PLAYER, 2023

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