Mining Rock Drilling Jumbo Market Forecasts to 2030 – Global Analysis By Type (Single-Arm Drilling Jumbos, Double-Arm Drilling Jumbos and Other Types), Application (Underground Mining, Quarrying, Exploration and Geotechnical Drilling, Industrial Mining an

Mining Rock Drilling Jumbo Market Forecasts to 2030 – Global Analysis By Type (Single-Arm Drilling Jumbos, Double-Arm Drilling Jumbos and Other Types), Application (Underground Mining, Quarrying, Exploration and Geotechnical Drilling, Industrial Mining and Other Applications) and by Geography

According to Stratistics MRC, the Global Mining Rock Drilling Jumbo Market is growing at a CAGR of 5.2% during the forecast period. A specialized piece of machinery used for drilling and excavation in underground mines is called a Mining Rock Drilling Jumbo. In order to extract minerals and ores from beneath the surface of the earth, this sturdy machine is essential. The jumbo can precisely drill holes for explosives or remove rock samples because it has strong drilling arms and a robust chassis. Moreover, its adaptability enables effective excavation and tunnelling in a range of mining operations. To maintain worker safety and productivity, the operator monitors the drilling process from a secure distance.

According to mines act 1952 working hours for all workers, both surface & UG , have been reduce to work more than 9 hours a day and more than 48 hours a week and a person shall not be allowed to work more than 6 days in a week, there must be at least 1 day of rest.

Market Dynamics:

Driver:

Expanding mining operations underground

The increasing importance of underground mining due to the exhaustion of readily accessible surface deposits highlights the vital role that rock drilling jumbos play in the underground resource extraction process. These specialized machines work well in difficult subterranean environments, drilling precise boreholes and building complex tunnel systems. Additionally, the versatility and dependability of rock drilling jumbos become essential for extracting valuable resources from beneath the surface of the earth as mining operations expand into deeper and more intricate geological formations.

Restraint:

Environmental effects and energy consumption

High energy consumption is a result of the energy-intensive nature of mining operations as well as the power needs of rock drilling jumbos. This raises environmental concerns in addition to increasing operating costs, especially in areas where the energy grid heavily depends on non-renewable sources. Furthermore, the industry still faces difficulties striking a balance between the requirement for robust drilling equipment and a dedication to sustainability.

Opportunity:

Integration of automation and artificial intelligence

The mining rock drilling jumbo market offers a substantial opportunity due to the ongoing integration of automation and artificial intelligence (AI). By eliminating the need for direct human intervention, advanced autonomous features can optimize production rates, improve safety, and improve drilling precision. Moreover, by integrating AI algorithms, predictive maintenance can be made possible, which reduces downtime and improves overall operational effectiveness.

Threat:

Volatility and economic downturns

Market volatility and economic downturns are two major risks to the mining rock drilling jumbo market. Mining companies may decide to reduce expenses, postpone investments, or scale back operations during uncertain economic times. Additionally, rock Drilling Jumbos sales and future growth prospects may be directly impacted by this decreased demand, making the market more vulnerable to changes in the state of the world economy.

Covid-19 Impact:

The mining rock drilling jumbo market has been impacted by the COVID-19 pandemic in a number of ways. Project delays and a slowdown in mining activities were caused by disruptions in global supply chains, a lack of labor, and strict lockdown measures in different regions. Furthermore, investment choices were impacted by the pandemic's economic downturn, with some mining companies postponing capital expenditures. Although the mining industry's vitality guaranteed its survival, obstacles like a lack of workers, hiccups in logistics, and fluctuations in commodity prices made for a challenging working environment.

The Single-Arm Drilling Jumbos segment is expected to be the largest during the forecast period

The single-arm drilling jumbos segment has the largest share. These devices are preferred because of their adaptability, effectiveness, and simplicity of use, which make them ideal for a variety of mining applications. When drilling precisely in smaller or more constrained underground spaces, single-arm jumbo drills are especially useful. Another reason for their popularity is that they are comparatively less expensive than double-arm drill jumbos. Furthermore, as technology has developed, single-arm drilling jumbos' capabilities and design have continued to improve, securing their dominant position in the market.

The Exploration and Geotechnical Drilling segment is expected to have the highest CAGR during the forecast period

In the Mining Rock Drilling Jumbo market, exploration and geotechnical drilling segment are projected to have the highest CAGR. This market is growing as a result of rising exploration efforts for undiscovered mineral resources and a growing need for precise geological data. In the preliminary stages of mining projects, exploration and geotechnical drilling jumbos play a critical role in providing accurate information on the mineral deposits and composition of the soil. Moreover, these drilling jumbos are becoming more effective and adaptable thanks to technological developments, meeting the changing demands of the exploration and geotechnical industries.

Region with largest share:

With the largest market share, the Asia-Pacific region is clearly the dominant force in the mining rock drilling jumbo market. This is primarily due to the region's extensive mining activities, especially in rapidly industrializing nations like China, Australia, and India, where there is a constant demand for metals and minerals. The Asia-Pacific region has seen a strong increase in infrastructure projects and mineral exploration efforts, which has increased demand for sophisticated mining equipment, such as rock drilling jumbos. Additionally, the Asia-Pacific region's continued dominance in the mining rock drilling jumbo market is largely due to technological developments and a proactive approach to implementing creative drilling solutions.

Region with highest CAGR:

In the mining rock drilling jumbo market, the Middle East and Africa (MEA) region is projected to have the highest CAGR. Africa stands out as a particularly dynamic sub-region within this larger one, with its mining industry experiencing significant growth. Furthermore, an increase in mining projects and resource extraction is occurring in countries like South Africa, Ghana, and Zambia, which is causing the MEA to grow overall. As mining companies place a higher priority on efficiency, safety, and modernization, the need for sophisticated drilling equipment—especially rock drilling jumbos—is growing.

Key players in the market

Some of the key players in Mining Rock Drilling Jumbo market include Epiroc AB, Sandvik AB, Atlas Copco, Komatsu Ltd., Epiroc AB, J.H. Fletcher & Co., Boart Longyear, Drillman - YDC Inc., SUNWARD Intelligent Equipment Co., Ltd and XCMG Group.

Key Developments:

In November 2023, Epiroc and underground mining contractor Byrnecut have signed a memorandum of understanding (MoU) to develop future electric drive underground loaders. Epiroc underground division president Sami Niiranen said: We are proud to deepen our partnership with Byrnecut with the development of a future-proof, low-emission automated loader in the large segment.

In November 2023, Sandvik has completed the previously announced acquisition of esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.

In November 2023, Atlas Copco has acquired Hamamcıoğlu Makina, a Turkey-based company focused on the sales and service of air compressor solutions. In an announcement made today, Atlas Copco confirmed that Hamamcıoğlu Makina has become part of the service division within the compressor technique business area.

Types Covered:
• Single-Arm Drilling Jumbos
• Double-Arm Drilling Jumbos
• Other Types

Applications Covered:
• Underground Mining
• Quarrying
• Exploration and Geotechnical Drilling
• Industrial Mining
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements