Global Underground Hard Rock Drill Market Growth 2025-2031

The global Underground Hard Rock Drill market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

The underground hard rock drill is a kind of equipment used for mining and tunnel operation, which is used to drill into the hard rock surface. It is designed to operate in a challenging underground environment where access and visibility may be limited and conditions may be dangerous. Hard rock drilling rigs are available in various sizes and configurations, from hand-held models to large drilling rigs. They usually use diamond or tungsten carbide bits to drill into rock and are driven by electric, hydraulic or pneumatic motors. Some drilling rigs can also install dust collection systems to reduce the amount of air particles produced during drilling.

United States market for Underground Hard Rock Drill is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Underground Hard Rock Drill is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Underground Hard Rock Drill is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Underground Hard Rock Drill players cover Sandvik Mining and Rock Technology, Atlas Copco, Caterpillar Inc., Epiroc, Komatsu Mining Corp., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Underground Hard Rock Drill Industry Forecast” looks at past sales and reviews total world Underground Hard Rock Drill sales in 2024, providing a comprehensive analysis by region and market sector of projected Underground Hard Rock Drill sales for 2025 through 2031. With Underground Hard Rock Drill sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Underground Hard Rock Drill industry.

This Insight Report provides a comprehensive analysis of the global Underground Hard Rock Drill 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 Underground Hard Rock Drill portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Underground Hard Rock Drill market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Underground Hard Rock Drill 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 Underground Hard Rock Drill.

This report presents a comprehensive overview, market shares, and growth opportunities of Underground Hard Rock Drill market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Hydraulic Drill
Pneumatic Drill

Segmentation by Application:
Mining
Tunnel Excavation
Geotechnical Engineering

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 analysing the company's coverage, product portfolio, its market penetration.
Sandvik Mining and Rock Technology
Atlas Copco
Caterpillar Inc.
Epiroc
Komatsu Mining Corp.
Joy Global Inc.
Boart Longyear
Furukawa Rock Drill Co. Ltd.
Montabert
Soosan Heavy Industries Co. Ltd.
Tamrock
J.H. Fletcher & Co.
Normet Group
Putzmeister Underground
China Coal Group
Sany Heavy Equipment Co. Ltd.
Nanchang Kama Co., Ltd.
Xiamen Good Mining and Drilling Equipment Co., Ltd.
Split Mountain Machine & Equipment Co., Ltd.
JCDRILL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Underground Hard Rock Drill market?

What factors are driving Underground Hard Rock Drill market growth, globally and by region?

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

How do Underground Hard Rock Drill market opportunities vary by end market size?

How does Underground Hard Rock Drill break out by Type, by Application?

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