Underground Mining Diamond Drilling Market – Global Industry Analysis and Forecast (2022-2029)

Underground Mining Diamond Drilling Market was value US$ 471.23 Mn in 2021 and is expected to reach US$ 783.41 Mn by 2029 at a CAGR of 6.56 %. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global underground mining diamond drilling market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global underground mining diamond drilling market. Underground Mining Diamond Drilling MarketTo know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Underground mining diamond drilling includes of diamond core drill bits, which are equipped with drilling systems, for example, rotary or wireline drilling systems. Deployment of efficient coring drilling rings in the exploration phase entails extensive capital investment. Mining companies invest significantly in installation and testing of mined samples over coring systems. Growing the demand for base metals such as nickel, lead, copper, and zinc and precious metals for instance gold, silver, and diamond is expected to boost investments in the metal mining business. This is possible to augment the demand for diamond core drill bits that are used in underground mining of hard rocks. Diamond core drill bits are mostly employed in the exploration industry, especially for hard rocks, as the penetration of diamond bits is high regarding that of other materials. In 2021, Halliburton Company released Cerebro in-bit sensor package, a new and advance technology that obtains performance data directly from the drill bit and analyses it to optimize cutter engagement, reduce uncertainty, and rise in drilling efficiency. Wire line drilling segment is dominating the global underground mining diamond drilling market. The order intake for underground mining diamond drilling equipment, for instance, wire line drilling has increased across the globe owing to the constant demand for these drilling solutions among underground mine operators. Region-wise, North America was the largest revenue-generating region in the underground mining diamond drilling market in 2021 and is anticipated to continue its dominance in the market by 2029. In North America, US dominated the underground mining diamond drilling market. Some players in North America supply core drill bits along with complete drill rigs solutions. These include Peak Drilling Ltd., SCS Diamond Drilling, and American Diamond Tool. The market in Canada is anticipated to expand at a rapid pace in the upcoming future. Star-Orion South Diamond Project pilot hole core drilling was completed in 2021. Latin America is the important region of the global underground mining diamond drilling market. Increasing investments in the extraction of underground minerals is expected to augment the demand for hard rock mining in Latin America. Countries in Latin America are start to shift to underground mining from open-pit mining. South Africa was the moderate revenue-generating region in the underground mining diamond drilling market in 2021. Relative to global averages, exploration spending in South Africa is more focused on gold, diamonds and PGMs than on base metals and industrial minerals. Geographically, over 50% of South African non-ferrous exploration spending is focused in South Africa, DRC, Burkina Faso, Ghana and Zambia.

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Underground Mining Diamond Drilling Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 471.23 Mn.
Forecast Period 2022 to 2029 CAGR: 6.56% Market Size in 2029: US $ 783.41 Mn.
Segments Covered: by Type • Rotary Drilling • Wire line Drilling
by Application • Soft Rock • Hard Rock
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)

Underground Mining Diamond Drilling Market Key Players

• Sandvik AB • SINOCOREDRILL GROUP • Epiroc AB • Atlas Copco • Boart Longyear • Indium Corporation • FORDIA • Geomachine Oy • Wuxi Geological Drilling Equipment Co., Ltd • VersaDrill • Zinex Mining Corp • Perenti Global Limited Frequently Asked Questions: 1. Which region has the largest share in Global Underground Mining Diamond Drilling Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Underground Mining Diamond Drilling Market? Ans: The Global Underground Mining Diamond Drilling Market is growing at a CAGR of 6.56% during forecasting period 2022-2029. 3. What is scope of the Global Underground Mining Diamond Drilling Market report? Ans: Global Underground Mining Diamond Drilling Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Underground Mining Diamond Drilling Market? Ans: The important key players in the Global Underground Mining Diamond Drilling Market are – Sandvik AB, SINOCOREDRILL GROUP, Epiroc AB, Atlas Copco, Boart Longyear, Indium Corporation, FORDIA, Geomachine Oy, Wuxi Geological Drilling Equipment Co., Ltd, VersaDrill, Zinex Mining Corp, and Perenti Global Limited 5. What is the study period of this Market? Ans: The Global Underground Mining Diamond Drilling Market is studied from 2021 to 2029.

Global Underground Mining Diamond Drilling Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary : Global Underground Mining Diamond Drilling Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Underground Mining Diamond Drilling Market Analysis and Forecast 6.1. Global Underground Mining Diamond Drilling Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Underground Mining Diamond Drilling Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Underground Mining Diamond Drilling Market Value Share Analysis, by Type 7.4. Global Underground Mining Diamond Drilling Market Size (US$ Mn) Forecast, by Type 7.5. Global Underground Mining Diamond Drilling Market Analysis, by Type 7.6. Global Underground Mining Diamond Drilling Market Attractiveness Analysis, by Type 8. Global Underground Mining Diamond Drilling Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Underground Mining Diamond Drilling Market Value Share Analysis, by Application 8.4. Global Underground Mining Diamond Drilling Market Size (US$ Mn) Forecast, by Application 8.5. Global Underground Mining Diamond Drilling Market Analysis, by Application 8.6. Global Underground Mining Diamond Drilling Market Attractiveness Analysis, by Application 9. Global Underground Mining Diamond Drilling Market Analysis, by Region 9.1. Global Underground Mining Diamond Drilling Market Value Share Analysis, by Region 9.2. Global Underground Mining Diamond Drilling Market Size (US$ Mn) Forecast, by Region 9.3. Global Underground Mining Diamond Drilling Market Attractiveness Analysis, by Region 10. North America Underground Mining Diamond Drilling Market Analysis 10.1. Key Findings 10.2. North America Underground Mining Diamond Drilling Market Overview 10.3. North America Underground Mining Diamond Drilling Market Value Share Analysis, by Type 10.4. North America Underground Mining Diamond Drilling Market Forecast, by Type 10.4.1. Rotary Drilling 10.4.2. Wire line Drilling 10.5. North America Underground Mining Diamond Drilling Market Value Share Analysis, by Application 10.6. North America Underground Mining Diamond Drilling Market Forecast, by Application 10.6.1. Soft stone 10.6.2. Hard stone 10.7. North America Underground Mining Diamond Drilling Market Value Share Analysis, by Country 10.8. North America Underground Mining Diamond Drilling Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Underground Mining Diamond Drilling Market Analysis, by Country 10.10. U.S. Underground Mining Diamond Drilling Market Forecast, by Type 10.10.1. Rotary Drilling 10.10.2. Wire line Drilling 10.11. U.S. Underground Mining Diamond Drilling Market Forecast, by Application 10.11.1. Soft stone 10.11.2. Hard stone 10.12. Canada Underground Mining Diamond Drilling Market Forecast, by Type 10.12.1. Rotary Drilling 10.12.2. Wire line Drilling 10.13. Canada Underground Mining Diamond Drilling Market Forecast, by Application 10.13.1. Soft stone 10.13.2. Hard stone 10.14. North America Underground Mining Diamond Drilling Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Underground Mining Diamond Drilling Market Analysis 11.1. Key Findings 11.2. Europe Underground Mining Diamond Drilling Market Overview 11.3. Europe Underground Mining Diamond Drilling Market Value Share Analysis, by Type 11.4. Europe Underground Mining Diamond Drilling Market Forecast, by Type 11.4.1. Rotary Drilling 11.4.2. Wire line Drilling 11.5. Europe Underground Mining Diamond Drilling Market Value Share Analysis, by Application 11.6. Europe Underground Mining Diamond Drilling Market Forecast, by Application 11.6.1. Soft stone 11.6.2. Hard stone 11.7. Europe Underground Mining Diamond Drilling Market Value Share Analysis, by Country 11.8. Europe Underground Mining Diamond Drilling Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Underground Mining Diamond Drilling Market Analysis, by Country 11.10. Germany Underground Mining Diamond Drilling Market Forecast, by Type 11.10.1. Rotary Drilling 11.10.2. Wire line Drilling 11.11. Germany Underground Mining Diamond Drilling Market Forecast, by Application 11.11.1. Soft stone 11.11.2. Hard stone 11.12. U.K. Underground Mining Diamond Drilling Market Forecast, by Type 11.12.1. Rotary Drilling 11.12.2. Wire line Drilling 11.13. U.K. Underground Mining Diamond Drilling Market Forecast, by Application 11.13.1. Soft stone 11.13.2. Hard stone 11.14. France Underground Mining Diamond Drilling Market Forecast, by Type 11.14.1. Rotary Drilling 11.14.2. Wire line Drilling 11.15. France Underground Mining Diamond Drilling Market Forecast, by Application 11.15.1. Soft stone 11.15.2. Hard stone 11.16. Italy Underground Mining Diamond Drilling Market Forecast, by Type 11.16.1. Rotary Drilling 11.16.2. Wire line Drilling 11.17. Italy Underground Mining Diamond Drilling Market Forecast, by Application 11.17.1. Soft stone 11.17.2. Hard stone 11.18. Spain Underground Mining Diamond Drilling Market Forecast, by Type 11.18.1. Rotary Drilling 11.18.2. Wire line Drilling 11.19. Spain Underground Mining Diamond Drilling Market Forecast, by Application 11.19.1. Soft stone 11.19.2. Hard stone 11.20. Rest of Europe Underground Mining Diamond Drilling Market Forecast, by Type 11.20.1. Rotary Drilling 11.20.2. Wire line Drilling 11.21. Rest Of Europe Underground Mining Diamond Drilling Market Forecast, by Application 11.21.1. Soft stone 11.21.2. Hard stone 11.22. Europe Underground Mining Diamond Drilling Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Underground Mining Diamond Drilling Market Analysis 12.1. Key Findings 12.2. Asia Pacific Underground Mining Diamond Drilling Market Overview 12.3. Asia Pacific Underground Mining Diamond Drilling Market Value Share Analysis, by Type 12.4. Asia Pacific Underground Mining Diamond Drilling Market Forecast, by Type 12.4.1. Rotary Drilling 12.4.2. Wire line Drilling 12.5. Asia Pacific Underground Mining Diamond Drilling Market Value Share Analysis, by Application 12.6. Asia Pacific Underground Mining Diamond Drilling Market Forecast, by Application 12.6.1. Soft stone 12.6.2. Hard stone 12.7. Asia Pacific Underground Mining Diamond Drilling Market Value Share Analysis, by Country 12.8. Asia Pacific Underground Mining Diamond Drilling Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Underground Mining Diamond Drilling Market Analysis, by Country 12.10. China Underground Mining Diamond Drilling Market Forecast, by Type 12.10.1. Rotary Drilling 12.10.2. Wire line Drilling 12.11. China Underground Mining Diamond Drilling Market Forecast, by Application 12.11.1. Soft stone 12.11.2. Hard stone 12.12. India Underground Mining Diamond Drilling Market Forecast, by Type 12.12.1. Rotary Drilling 12.12.2. Wire line Drilling 12.13. India Underground Mining Diamond Drilling Market Forecast, by Application 12.13.1. Soft stone 12.13.2. Hard stone 12.14. Japan Underground Mining Diamond Drilling Market Forecast, by Type 12.14.1. Rotary Drilling 12.14.2. Wire line Drilling 12.15. Japan Underground Mining Diamond Drilling Market Forecast, by Application 12.15.1. Soft stone 12.15.2. Hard stone 12.16. ASEAN Underground Mining Diamond Drilling Market Forecast, by Type 12.16.1. Rotary Drilling 12.16.2. Wire line Drilling 12.17. ASEAN Underground Mining Diamond Drilling Market Forecast, by Application 12.17.1. Soft stone 12.17.2. Hard stone 12.18. Rest of Asia Pacific Underground Mining Diamond Drilling Market Forecast, by Type 12.18.1. Rotary Drilling 12.18.2. Wire line Drilling 12.19. Rest of Asia Pacific Underground Mining Diamond Drilling Market Forecast, by Application 12.19.1. Soft stone 12.19.2. Hard stone 12.20. Asia Pacific Underground Mining Diamond Drilling Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Underground Mining Diamond Drilling Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Underground Mining Diamond Drilling Market Overview 13.3. Middle East & Africa Underground Mining Diamond Drilling Market Value Share Analysis, by Type 13.4. Middle East & Africa Underground Mining Diamond Drilling Market Forecast, by Type 13.4.1. Rotary Drilling 13.4.2. Wire line Drilling 13.5. Middle East & Africa Underground Mining Diamond Drilling Market Value Share Analysis, by Application 13.6. Middle East & Africa Underground Mining Diamond Drilling Market Forecast, by Application 13.6.1. Soft stone 13.6.2. Hard stone 13.7. Middle East & Africa Underground Mining Diamond Drilling Market Value Share Analysis, by Country 13.8. Middle East & Africa Underground Mining Diamond Drilling Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Underground Mining Diamond Drilling Market Analysis, by Country 13.10. GCC Underground Mining Diamond Drilling Market Forecast, by Type 13.10.1. Rotary Drilling 13.10.2. Wire line Drilling 13.11. GCC Underground Mining Diamond Drilling Market Forecast, by Application 13.11.1. Soft stone 13.11.2. Hard stone 13.12. South Africa Underground Mining Diamond Drilling Market Forecast, by Type 13.12.1. Rotary Drilling 13.12.2. Wire line Drilling 13.13. South Africa Underground Mining Diamond Drilling Market Forecast, by Application 13.13.1. Soft stone 13.13.2. Hard stone 13.14. Rest of Middle East & Africa Underground Mining Diamond Drilling Market Forecast, by Type 13.14.1. Rotary Drilling 13.14.2. Wire line Drilling 13.15. Rest of Middle East & Africa Underground Mining Diamond Drilling Market Forecast, by Application 13.15.1. Soft stone 13.15.2. Hard stone 13.16. Middle East & Africa Underground Mining Diamond Drilling Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Underground Mining Diamond Drilling Market Analysis 14.1. Key Findings 14.2. South America Underground Mining Diamond Drilling Market Overview 14.3. South America Underground Mining Diamond Drilling Market Value Share Analysis, by Type 14.4. South America Underground Mining Diamond Drilling Market Forecast, by Type 14.4.1. Rotary Drilling 14.4.2. Wire line Drilling 14.5. South America Underground Mining Diamond Drilling Market Value Share Analysis, by Application 14.6. South America Underground Mining Diamond Drilling Market Forecast, by Application 14.6.1. Soft stone 14.6.2. Hard stone 14.7. South America Underground Mining Diamond Drilling Market Value Share Analysis, by Country 14.8. South America Underground Mining Diamond Drilling Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Underground Mining Diamond Drilling Market Analysis, by Country 14.10. Brazil Underground Mining Diamond Drilling Market Forecast, by Type 14.10.1. Rotary Drilling 14.10.2. Wire line Drilling 14.11. Brazil Underground Mining Diamond Drilling Market Forecast, by Application 14.11.1. Soft stone 14.11.2. Hard stone 14.12. Mexico Underground Mining Diamond Drilling Market Forecast, by Type 14.12.1. Rotary Drilling 14.12.2. Wire line Drilling 14.13. Mexico Underground Mining Diamond Drilling Market Forecast, by Application 14.13.1. Soft stone 14.13.2. Hard stone 14.14. Rest of South America Underground Mining Diamond Drilling Market Forecast, by Type 14.14.1. Rotary Drilling 14.14.2. Wire line Drilling 14.15. Rest of South America Underground Mining Diamond Drilling Market Forecast, by Application 14.15.1. Soft stone 14.15.2. Hard stone 14.16. South America Underground Mining Diamond Drilling Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Sandvik AB 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. SINOCOREDRILL GROUP 15.3.3. Epiroc AB 15.3.4. Atlas Copco 15.3.5. Boart Longyear 15.3.6. Indium Corporation 15.3.7. FORDIA 15.3.8. Geomachine Oy 15.3.9. Wuxi Geological Drilling Equipment Co., Ltd 15.3.10. VersaDrill 15.3.11. Zinex Mining Corp 15.3.12. Perenti Global Limited 16. Primary Key Insights
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