Rotary Blasthole Drilling Rig Market – Global Industry Analysis and Forecast (2023-2029)

Rotary Blasthole Drilling Rig Market size is expected to reach US$ 4.53 Bn. in year 2029, at a CAGR of 4.51 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report

Major driving factors of the rotary blasthole drilling rig market are rising construction & developments of road, railway, and tunnels, increasing technological advancements, government focusing on development of infrastructure as roadways and railroads, and increasing demand for the metal and minerals. However, Expensive pricing is the major restraint in the market growth at global level. Technological advancement through AI and IOT is likely to create lucrative opportunities in the market during the forecast period.

Based on the type, the market is segment into mid-range drilling rig, large-range drilling rig, and others. Large-range drilling rig is expected to grow at the largest CAGR of xx% during the forecast period due to rising manufacturing and construction of roads, railways and tunnels, increasing development of rotary blasthole drilling rig at small quarries.

Based on the application, market is segmented into quarries, open pit mining, and others. Open pit mining is expected to expand at the high CAGR of xx% over the upcoming period due to rising expansion of existing mines across globe.

In terms of region, the rotary blasthole drilling rig market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America held the dominant market share of xx% of the market in 2022. The market in Asia Pacific is expected to expand at a high CAGR of xx% during the forecast period due to largest number of expansion of existing mines.

Major Key players operating in this market are BAUER, Caterpiller-CAT, FURUKAWA, Epicor, Nanchang Kama Co., Ltd., Komatsu Ltd., Schramm, Sandvik, Sinosteel HYMC, Atlas Copco, Joy, and Sunward. Manufacturers in the Rotary blasthole drilling rig are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

The objective of the report is to present a comprehensive analysis of Global Rotary blasthole drilling rig Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Rotary blasthole drilling rig Market dynamics, structure by analyzing the market segments and project the Global Rotary blasthole drilling rig Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Rotary blasthole drilling rig Market make the report investor’s guide.
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Global Rotary Blasthole Drilling Rig Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.32 Bn.


Forecast Period 2022 to 2029 CAGR:
4.51%
Market Size in 2029:
US $ 4.53 Bn.


 Segments Covered:
by Application
Quarries
Open Pit Mining
Others


by Type
Mid-Range Drilling Rig
Large-Range Drilling Rig
Others


by Drill Diameter
50-100 mm
100-500 mm
500-1000 mm
1000-2000 mm
2000-4000 mm


by Power
Electric
Diesel
Hybrid



by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Rotary Blasthole Drilling Rig Market Key Players are:
1. BAUER
2. Caterpiller-CAT
3. FURUKAWA
4. Epicor
5. Nanchang Kama Co. Ltd.
6. Komatsu Ltd.
7. Schramm
8. Sandvik
9. Sinosteel HYMC
10.Atlas Copco
11.Joy
12.Sunward
13.Epiroc Mining India Limited
14.InfoMine Inc.
15.Gill Rock Drill Co. Inc.
16.Jcr Drillsol Pvt. Ltd.
17.Beaver Engineering Corporation
18.Westrac
Frequently Asked questions
1. What is the market size of the Global Rotary Blasthole Drilling Rig Market in 2022?
Ans. The market size global market in 2022 was US$ 3.32 Billion.

2. What are the different segments of the Global Rotary Blasthole Drilling Rig Market?
Ans. The global market  is divided into  Application, Type, Drill diameter and Power.

3. What is the study period of this market?
Ans. The global market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest global market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Rotary Blasthole Drilling Rig Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.