Global Rotary Blasthole Drilling Rig Market Growth 2023-2029

Global Rotary Blasthole Drilling Rig Market Growth 2023-2029

Rotary Blasthole Drilling Rigs are designed to drill big blast holes into high benches in large quarries and opencast mines. With long, high-strength masts and extremely robust components, they can develop very high rotational torques and pulldown forces. This, together with abundant flushing air and responsive ergonomic controls, gives very high penetration rates in continuous duty.

LPI (LP Information)' newest research report, the “Rotary Blasthole Drilling Rig Industry Forecast” looks at past sales and reviews total world Rotary Blasthole Drilling Rig sales in 2022, providing a comprehensive analysis by region and market sector of projected Rotary Blasthole Drilling Rig sales for 2023 through 2029. With Rotary Blasthole Drilling Rig sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rotary Blasthole Drilling Rig industry.

This Insight Report provides a comprehensive analysis of the global Rotary Blasthole Drilling 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 Rotary Blasthole Drilling Rig portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rotary Blasthole Drilling Rig market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rotary Blasthole Drilling 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 Rotary Blasthole Drilling Rig.

The global Rotary Blasthole Drilling Rig market size is projected to grow from US$ 303.6 million in 2022 to US$ 264.2 million in 2029; it is expected to grow at a CAGR of 264.2 from 2023 to 2029.

First, for industry structure analysis, the Rotary Blasthole Drilling Rig industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers include Atlas Copco, CAT, Joy, Sandvick and FURUKAWA, ​account for about 75 % of the revenue market. Asia-Pacific occupied 25% of the sales market. It is followed by North America and South America, which respectively account for around 22% and 16% of the global total industry. Other countries have a smaller amount of sales. Geographically, North America was the largest production market in the world, which took about 52% of the global production volume.

This report presents a comprehensive overview, market shares, and growth opportunities of Rotary Blasthole Drilling Rig market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Mid-Range Drilling Rig

Large-Range Drilling Rig

Others

Segmentation by application

Open Pit Ming

Quarries

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.

Atlas Copco

CAT

Joy

Sandvick

FURUKAWA

Sinosteel HYMC

Schramm

KAMA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Rotary Blasthole Drilling Rig market?

What factors are driving Rotary Blasthole Drilling Rig market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Rotary Blasthole Drilling Rig market opportunities vary by end market size?

How does Rotary Blasthole Drilling 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.