Mining Drills and Breakers Market: Global Industrial Analysis and Forecast (2023-2029)

Mining Drills and Breakers Market was valued US$ 17.04 Bn in 2022 and is expected to reach US$ 27.72 Bn by 2029, at a CAGR of 7.2% during the forecast period.

Mining Drills and Breakers Market Introduction:

Mining drills are the most common piece of equipment used to dig the earth's surface for mining. During mining, breakers are used to shatter rocks or stones. Minerals or organic materials are extracted from the soil using mining equipment. Coal, gold, crude oil, and a variety of other metals are among them. There are two types of drilling equipment: rotary and crawler. Rock and hydraulic breakers are the most common types of breakers. Breakers offer manufacturers a considerable benefit since they allow them to select individual breakers that are aligned with the application. Mining Drills and Breakers MarketTo know about the Research Methodology :- Request Free Sample Report

Mining Drills and Breakers Market Dynamics:

Changes in manufacturing processes, such as the creation of infrared, sonic, and optical micro cameras to measure parameters in a borehole, as well as the creation of high-performance drill heads and core bits, have boosted the practicality of mining equipment, resulting in industry growth. Increased demand for underground mining equipment is fueling the industry growth, thanks to active changes in energy efficiency standards by governments around the world. Mining solutions based on continued demands for increased energy efficiency, enhanced safety, and lower environmental impact are likely to boost industry growth. Due to the presence of many mineral reserves, particularly in China, India, and Australia, increased mineral exploration operations are likely to drive market growth during the next few years. Water shortages, soil erosion, biodiversity loss, and other variables have a significant impact on mining operations in important product sites. Key mining companies are investing in the development of technology that is expected to improve productivity, automate processes, and make mining operations safer. They also want to boost R&D spending in order to keep up with technological advances like cognitive computing and artificial intelligence (AI). Furthermore, mining corporations are rethinking their investment strategies in order to prioritize margins and cash flows while controlling costs and capital. They're also looking for ways to share development costs and offer new items with customers and competition. Competitors are increasingly integrating the Internet of Things (IoT) technologies to deliver services such as purchase-to-pay automation and sensing approaches. Companies are also looking for ways to increase transparency throughout the supply chain. Data analytics and other technologies have been used to find opportunities and improve efficiency and flexibility in the supply chain. Using modern tools and IT platforms to share data with suppliers, operators, and consumers is a vital aspect for most firms. As a result, firms' growth strategies aren't limited to mergers, acquisitions, and investments. They also work to improve their product portfolio through a combination of smart acquisitions, expansions, and productivity gains.

Mining Drills and Breakers Market Segment Analysis:

The rock breakers segment accounted for a revenue share of nearly xx% in 2022. Rock breakers are in higher demand as backhoe loaders and excavators become more popular. Infrastructure development, as well as an increase in mining activity, are both contributing to the segment's growth. Quarry owners have numerous options for selecting breakers matched to a specific application with the introduction of synchronized breakers, which provides a substantial advantage to manufacturers and consumers. Manufacturers have been able to connect rock and hydraulic breakers with excavators due to the increased demand for breakers. Rock breakers with improved in-built operational features boost safety and productivity, resulting in increased demand from quarry operators. Because of the rising demand for metals, particularly steel, aluminum, and gold, the metal mining segment dominated the market in 2022 with a revenue share of xx%. Drills and breakers are in high demand in the metal mining industry due to the rising demand for automobiles and increased infrastructure development. China has become one of the most major gold markets. Gold exploration activities are likely to increase in the future years, giving a huge opportunity for metal mining due to the rising need for energy efficiency, lower emissions, and lower prices in this industry. End users are expected to employ modern material handling equipment as a result of the availability of lease-based equipment. Furthermore, as the demand for coal mining has grown, manufacturers have been able to adapt current equipment to fit a variety of industry needs. During mining and excavation operations, however, the equipment and its parts are subjected to constant wear and tear. To stay up with green excavation efforts, vendors have undergone major overhauls and are now providing after-sales services.

Mining Drills and Breakers Market Regional Insights:

Due to increased economic development, the implementation of supporting government policies, and increased metal mining activities in APAC nations such as Australia, India, and Japan to meet rising global demand, Asia Pacific is predicted to account for the largest revenue share in the global market among other regions throughout the forecast period. Increased government funding for exploratory activities in emerging economies are expected to boost the regional market growth. For example, to meet rising steel demand, the Indian government plans to create a fresh and active policy for the steel sector. By incrementally satisfying the increasing demand for metals and minerals, economies such as India, Japan, and Australia are playing a vital role in gaining market share in global minerals trade. In 2022, the European region held a revenue share of more than xx%. The demand for raw materials in the region is growing significantly due to the region's potential resource base. However, due to a lack of investment in geological studies and infrastructure, regional expansion has been slowed. Furthermore, the area sector is hampered by high energy costs and a lack of investment in activities to minimize the costs associated with deep deposits and metal value.

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Mining Drills and Breakers Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US$ 17.04 Bn.
Forecast Period 2023 to 2029 CAGR: 7.2% Market Size in 2029: US$ 27.72 Bn.
Segments Covered: by Product • Rotary drills • Crawler drills • Rock breakers • Hydraulic breakers • Others
by Application • Metal mining • Mineral mining • Coal mining

Mining Drills and Breakers Market, 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)

Mining Drills and Breakers Market Key Players are:

Caterpillar, Inc • Boart Longyear • Energold Drilling Corp • Doosan Corporation • Epiroc AB • Geodrill Limited • Komatsu Ltd • Metso Corporation • Furukawa Co., Ltd, • Sandvik AB • Atlas Copco AB • Hennessy International, Inc. • Soosan USA, Inc. • Casagrande S.p.A. Frequently Asked Questions: 1. Which region has the largest share in Global Mining Drills and Breakers Market? Ans: European region held the highest share in 2022. 2. What is the growth rate of Global Mining Drills and Breakers Market? Ans: The Global Mining Drills and Breakers Market is growing at a CAGR of 7.2% during forecasting period 2023-2029. 3. What is scope of the Global Mining Drills and Breakers Market report? Ans: Global Mining Drills and Breakers 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 Mining Drills and Breakers Market? Ans: The important key players in the Global Mining Drills and Breakers Market are – Caterpillar, Inc, Boart Longyear, Energold Drilling Corp, Doosan Corporation, Epiroc AB, Geodrill Limited, Komatsu Ltd, Metso Corporation, Furukawa Co., Ltd,, Sandvik AB, Atlas Copco AB, Hennessy International, Inc., Soosan USA, Inc., and Casagrande S.p.A. 5. What is the study period of this Market? Ans: The Global Mining Drills and Breakers Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 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 Mining Drills and Breakers Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Mining Drills and Breakers Market 3.4. Geographical Snapshot of the Mining Drills and Breakers Market, By Manufacturer share 4. Global Mining Drills and Breakers Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Mining Drills and Breakers Market 5. Supply Side and Demand Side Indicators 6. Global Mining Drills and Breakers Market Analysis and Forecast, 2022-2029 6.1. Global Mining Drills and Breakers Market Size & Y-o-Y Growth Analysis. 7. Global Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Rotary drills 7.1.2. Crawler drills 7.1.3. Rock breakers 7.1.4. Hydraulic breakers 7.1.5. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Metal mining 7.2.2. Mineral mining 7.2.3. Coal mining 8. Global Mining Drills and Breakers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Rotary drills 9.1.2. Crawler drills 9.1.3. Rock breakers 9.1.4. Hydraulic breakers 9.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Metal mining 9.2.2. Mineral mining 9.2.3. Coal mining 10. North America Mining Drills and Breakers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Mining Drills and Breakers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Mining Drills and Breakers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Mining Drills and Breakers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Mining Drills and Breakers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Mining Drills and Breakers Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Mining Drills and Breakers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Caterpillar, Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Boart Longyear 45.3.3. Energold Drilling Corp 45.3.4. Doosan Corporation 45.3.5. Epiroc AB 45.3.6. Geodrill Limited 45.3.7. Komatsu Ltd 45.3.8. Metso Corporation 45.3.9. Furukawa Co., Ltd, 45.3.10. Sandvik AB 45.3.11. Atlas Copco AB 45.3.12. Hennessy International, Inc. 45.3.13. Soosan USA, Inc. 45.3.14. Casagrande S.p.A. 45.3.15. Other Key Players
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