Global Sonic Drill Rigs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sonic Drill Rigs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sonic drilling is a drilling solution that reduces the friction between casing and drill bit by instantaneously reducing soil porosity through soil liquefaction. Sonic drilling can obtain very complete samples. The drilling offset is within a few centimeters.

Sonic drilling rig is a new type of drilling technology method that uses high frequency vibration force, rotation force and pressure to make the drill bit cut into the soil or soft rock to deepen the hole for drilling or other drilling projects. Sonic drilling rigs have the advantages of fast drilling speed, good fidelity of rock and soil samples, less environmental pollution, good construction safety, and a wide range of stratums.

Market Overview:

The latest research study on the global Sonic Drill Rigs market finds that the global Sonic Drill Rigs market reached a value of USD 112.18 million in 2022. It’s expected that the market will achieve USD 146.33 million by 2028, exhibiting a CAGR of 4.53% during the forecast period.

Opportunities and Drivers

Sonic drilling is a new method of drilling technology. It has the advantages of fast drilling speed, high fidelity of rock and soil samples, good construction safety and less environmental pollution. With the continuous improvement and maturity of technology, the application market is getting bigger and bigger. At present, apart from the United States, sonic drilling technology has been widely used in Canada, the United Kingdom, the Netherlands, Australia, Japan and other countries. The application range includes almost all drilling fields, mainly environmental drilling, placer exploration, seismic blast hole drilling , Hydrological and water well drilling, geotechnical engineering survey and infrastructure, etc.

Challenges

The main component of the sonic drill is the vibrating rotary power head. The power head can produce adjustable high-frequency vibration and low-speed rotation, and vibration is formed by repeated swinging around the balance point, and energy is accumulated in the drill pipe. When it reaches its natural frequency, it causes resonance to be released and transmitted, and the energy is efficiently transmitted through the drill pipe, so that the drill pipe and the drill bit continue to drill into the soil.

High penetration rate decreases with depth, which means that RC or RAB may become more economical at depths exceeding 30m. Sonic holes can be drilled dry, but a large number of hard rock units and deeper holes are required to carry the drilling fluid, resulting in relatively high costs.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Boart Longyear, Sonic Drill Corporation (SDC), Eijkelkamp SonicSampDrill with the revenue market share of 19.78%, 15.44%, 15.00% in 2019.

Boart Longyear offers drilling products and services. The Company provides contract drilling services to the mining, environmental and infrastructure, and energy industries. Boart Longyear also manufactures drilling, coring, grinding tools and equipment, and wear components.

The Sonic Drill Corporation (SDC) is an award-winning designer, manufacturer and supplier of innovative sonic drill heads, rigs and tooling. In addition to holding numerous patents on the revolutionary technology of sonic drilling, Sonic Drill Corporation has invested more than 30 years in sonic research and development.

Segmentation Overview:

By type, Mid Sonic Rigs segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Environmental and Geotechnical segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Sonic Drill Rigs market covered in Chapter 3:

Sonic Drill Corporation (SDC)
Versa-Sonic (Laibe Corporation)
Toa Tone Boring
Boart Longyear
Eijkelkamp SonicSampDrill
Dando Drilling
Geoprobe
Terra Sonic

In Chapter 4 and Chapter 14.2, on the basis of types, the Sonic Drill Rigs market from 2018 to 2029 is primarily split into:

Small Sonic Rigs
Compact Sonic Rigs
Mid Sonic Rigs
Large Sonic Rigs

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sonic Drill Rigs market from 2018 to 2029 covers:

Mining
Infrastructure
Environmental and Geotechnical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)