Global Air Core Drilling Market to Reach $2.1 Billion by 2030
The global market for Air Core Drilling estimated at US$1.3 Billion in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 7% over the analysis period 2023-2030. Dust Application, one of the segments analyzed in the report, is expected to record a 6.2% CAGR and reach US$774.5 Million by the end of the analysis period. Growth in the Aerated Fluid Application segment is estimated at 7.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $338.4 Million, While China is Forecast to Grow at 10.3% CAGR
The Air Core Drilling market in the U.S. is estimated at US$338.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$483.5 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$300.3 Million by the year 2030.
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