Global Raise Boring Rig Market Growth 2023-2029

Global Raise Boring Rig Market Growth 2023-2029

A raise borer is a machine used in underground mining, to excavate a circular hole between two levels of a mine without the use of explosives. Raise boring provides a safe means of excavating a circular hole between two levels of a mine without the use of explosives. A raise boring machine is set on a platform on the upper level to drill a small hole, known as the pilot hole, through to the cavity below. Once the drill has broken through, the pilot bit is removed and is replaced by a reamer head, of the desired diameter of the shaft, which is rotated and raised back toward the raise boring machine. The drill cuttings from the reamer head fall to the bottom of the hole and the reaming process creates a cylindrical hole with smooth walls.
LPI (LP Information)' newest research report, the “Raise Boring Rig Industry Forecast” looks at past sales and reviews total world Raise Boring Rig sales in 2022, providing a comprehensive analysis by region and market sector of projected Raise Boring Rig sales for 2023 through 2029. With Raise Boring Rig sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Raise Boring Rig industry.
This Insight Report provides a comprehensive analysis of the global Raise Boring Rig landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Raise Boring Rig portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Raise Boring Rig market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Raise Boring Rig and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Raise Boring Rig.
The global Raise Boring Rig market size is projected to grow from US$ 190.8 million in 2022 to US$ 289 million in 2029; it is expected to grow at a CAGR of 289 from 2023 to 2029.
Global core raise boring rig manufacturers include Epiroc, Herrenknecht, TRB-Raise Borers etc.The top 5 companies hold a share about 70%.Asia-Pacific is the largest market, with a share about 37%, followed by Europe and North America with the share about 22% and 17%.In terms of product, acrylic binder is the largest segment, with a share over 65%. And in terms of application, the largest application is underground mining industry, followed by civil construction industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Raise Boring Rig market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Raise-boring
Down-reaming
Box-holing
Segmentation by application
Underground Mining Industry
Hydropower Project
Civil Construction Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Epiroc
Herrenknecht
TRB-Raise Borers
Palmieri Group
Terratec
Stu Blattner
Changzhou Liding Colliery Machinery
Chuangyuan High-Tech Machinery
Jining Zhuoli Industrial Equipment
Yier Mechanical

Key Questions Addressed in this Report
What is the 10-year outlook for the global Raise Boring Rig market?
What factors are driving Raise Boring Rig market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Raise Boring Rig market opportunities vary by end market size?
How does Raise Boring Rig break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.