Rock Drilling Equipment Market size was valued at USD 2.4 billion in 2023 and is expected to reach USD 3.1 billion by 2030, at a CAGR of 3.72%.Rock Drilling Equipment Market Overview
Rock drilling equipment refers to the equipment and machinery used to drill or dig into rock formations. The rock drilling equipment market is experiencing significant growth driven by the expansion of the construction sector worldwide. Rapid urbanization in emerging economies such as India, China, and Brazil led to an increasing number of infrastructure projects, including roads, bridges, and tunnels. Government initiatives, such as India’s Bharatmala highway development and China's Belt and Road Initiative, are boosting demand for advanced drilling machinery. The market is segmented by type, with rotary drilling tools holding the largest share due to their versatility and effectiveness in hard rock penetration. These tools are crucial in various industries, including mining, construction, and oil and gas exploration. Down-the-hole (DTH) drilling tools, horizontal drilling tools, and handheld drilling tools also contribute to the market but to a lesser extent. Regionally, the Asia-Pacific region holds the largest share of the rock drilling equipment market and is the fastest-growing region due to rapid industrialization and urbanization. The competitive landscape is characterised by key players such as Atlas Copco, Sandvik, and Epiroc, investing in innovation and sustainability to maintain their market positions. Recent investments, like Sandvik's SEK 260 million expansion in Finland and Komatsu's launch of advanced machines in India, highlight the ongoing efforts to enhance production capacity and meet market demands effectively.To know about the Research Methodology :- Request Free Sample Report
Rock Drilling Equipment Market Dynamics
Expansion Of the Construction Sector to Drive Rock Drilling Equipment Market The expansion of the construction sector significantly drives the growth of the rock drilling equipment market, due to the increasing number of infrastructure and development projects around the world. Rapid urbanization, particularly in emerging economies such as India, China and Brazil, has fueled demand for new roads, bridges, tunnels and large commercial facilities. For instance, In India, the government's focus on infrastructure development through projects such as the development of the Bharatmala highway and the Smart Cities Mission has led to an increase in the need for equipment for drilling for tunneling and foundation work in rocky terrain. Similarly, China's Belt and Road Initiative (BRI), which aims to connect Asia, Europe and Africa through vast infrastructure networks, has significantly increased demand for drilling machines. These projects often require deep drilling to establish foundations or break hillsides, making drilling rigs essential. Rock drilling equipment plays a vital role in the construction sector, particularly for tasks that require breaking through hard rock formations to lay foundations, build tunnels, or excavate for large structures. Equipment like pneumatic drills, hydraulic drills, and rotary drills are indispensable for drilling deep holes in solid rock, enabling the construction of stable and secure foundations for buildings and infrastructure. These machines provide precision, efficiency, and speed in completing construction tasks that involve heavy-duty drilling, saving time and reducing manual labor. As construction projects become more ambitious, the demand for efficient and durable tools increases. Advancements in rock drilling technology are shaping the future of the sector, ensuring that equipment can meet the increasing needs of the global construction industry. India's construction industry is currently the fourth-largest in the world, following the U.S., China, and Japan, and it is the fastest-growing globally. With a market size of USD 639 billion and an annual growth rate of 7-8%, India is expected to become the third-largest construction market. The sector contributes 9% to the country's GDP and is expected to grow at a 6% compound annual growth rate during the forecast period. Rock Drilling Equipment Market Challenges The Rock Drilling Equipment market faces several challenges that manufacturers must overcome to remain competitive. One of the main challenges is the increasing cost of raw materials, particularly steel, which has seen significant price increases in recent years, squeezing profit margins and forcing manufacturers to increase prices. Additionally, maintaining high standards of quality control is important, especially in the construction and mining industries, where performance and safety are critical. This often requires substantial investments in advanced quality control processes and technology, further increasing production costs. Another significant challenge is the growing need for innovation to meet the evolving demands of the market. Manufacturers are pressured to continually invest in research and development to design more efficient, durable, and safer equipment, which is both time-consuming and expensive. Rock Drilling Equipment Market Import Export Analysis In 2023, India emerged as the leading importer of Rock Drilling Equipment, with a total of 310,970 shipments. This substantial volume highlights the high demand for advanced drilling equipment in the country. Ukraine followed as the second-largest importer, receiving 34,114 shipments, reflecting the growth of its mining and construction sectors. Vietnam secured the third spot with 5,029 shipments, indicating a growing need for Rock Drilling Equipment to support its infrastructure development.Finland dominated the export market for Rock Drilling Equipment in 2023, with 225,400 shipments. This leading position highlights Finland's strong manufacturing capabilities and its crucial role in the global supply chain for drilling equipment. Sweden also made a significant impact as an exporter, with 23,916 shipments, reflecting its advanced manufacturing sector and importance in the machinery industry. China ranked third among exporters, with 22,055 shipments, showcasing its growing presence and contributions to the global Rock Drilling Equipment market.
Rock Drilling Equipment Market Segment Analysis
Based On Type, the Rock Drilling Equipment Market is segmented into Rotary Drilling Tools, Down-The-Hole Drilling Tools (DTH Tools), Horizontal Drilling Tools, Handheld Drilling Tools and Other Tools. Rotary Drilling Tools held the largest market share about XX% in 2023, due to their widespread use in various industries such as Mining & Construction. Rotary drills are known for their versatility and effectiveness in penetrating hard rock, making them suitable for both surface and underground mining. Various Industries use a rotary drill to grind and cut rock, allowing them to dig deeper and work faster than other methods. This efficiency not only reduces operating time but also increases productivity, making rotary drilling the best choice for large projects where time and cost are at a premium. The demand for natural resources is increasing along with the development of infrastructure all over the world, driving the rotary drilling tools market. Rotary drilling tools are used in sectors such as oil and gas exploration, mining, and civil engineering sectors which require precise and efficient drilling. Technological improvements such as continuous modernization, automation, and improvements in drill designs have enhanced the performance and safety and therefore dominated the segment. As businesses focus on increasing productivity and reducing downtime, rotary drilling equipment will continue to hold its dominant position in the rock drilling equipment market. 1. The top three countries that import Rotary Drills are India, Russia, and Peru. India is the largest importer, with 14,229 shipments. Russia comes next with 5,399 shipments, and Peru is third with 4,015 shipments. 2. The top three countries that export Rotary Drills are China, Germany, and the United States. China is the largest exporter, sending out 22,325 shipments. Germany is second with 7,036 shipments, and the United States is third with 3,086 shipments.
Rock Drilling Equipment Market Regional Insight
Asia Pacific is the fastest-growing region in the global Rock Drilling Equipment market, holding the largest share of xx% in 2023. This is due to rapid industrialization and urbanization in countries such as China and India. The region’s ongoing investments in mining, construction and oil and gas exploration significantly drive the demand for advanced rock drilling equipment. China, as a leading country in the Asia-Pacific region, plays a crucial role in the rock drilling equipment market. The country is not only a major manufacturer but also a significant consumer of drilling equipment due to its large mining sector and extensive infrastructure projects. India's contribution is also evident, driven by the expansion of its mining operations and government initiatives to strengthen the country's infrastructural capabilities. Other important countries in the region include Australia, Japan and Indonesia, each contributing to the market through their respective mining and construction sectors. In 2022, the construction industry in the Asia-Pacific region generated about USD 4.36 trillion, representing 45% of the total output of the global construction sector. By 2030, this region is expected to contribute between USD 7.4 trillion and USD 10.2 trillion to the global construction industry. Rock Drilling Equipment Market Competitive Landscape The rock drilling equipment market is highly competitive, characterized by the presence of several key players engaged in technological innovation and market expansion. The key manufacturers are Atlas Copco, Sandvik, Furukawa Rock Drill, Komatsu and Hitachi Zosen. These companies use advanced technology such as automation, telematics and sustainable practices to improve drilling efficiency and reduce environmental impact. These companies are known for their advanced technology and comprehensive product lines, which complement various applications in mining, construction and infrastructure development. For example, Atlas Copco and Sandvik are known for their automated drilling solutions that improve operational efficiency, while Furukawa specializes in robust machines designed for difficult conditions. Each player contributes to the market by focusing on research and development to improve drilling techniques, reduce environmental impact and increase safety standards. In August 2023, Sandvik invested SEK 260 million to boost its rock drill production capacity in Tampere, Finland, aiming to solidify its position as a leading manufacturer in the mining sector. The first phase, which is expected to be completed by the end of 2024, includes a 1,600-square-meter addition to the existing facility and the integration of new machine tools into the manufacturing system, featuring automation and autonomous mobile robots. Depending on future demand, this extension could also support more machine tool installations in 2025, further enhancing production capacity by 2027. In September 2023, Komatsu introduced several innovative machines, showcasing significant advancements in hydraulic excavator design and sustainable technology in India. The new models include the Komatsu PC205-10MO Hydraulic Excavator, the Komatsu PC500LC-10R Hydraulic Excavator, the Komatsu PC210LC-10M0 Super Long Front, and the Komatsu GD535-6 Motor Grader. These machines feature advanced technology specifically designed for India’s challenging applications and conditions, attracting considerable buyer interest and receiving positive feedback for their productivity.Rock Drilling Equipment Industry Ecosystem
Rock Drilling Equipment Market Scope:Inquire Before Buying
Global Rock Drilling Equipment Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 2.4 Bn. Forecast Period 2024 to 2030 CAGR: 3.72% Market Size in 2030: USD 3.1 Bn. Segments Covered: by Product Rotary Drilling Tools Down-The-Hole Drilling Tools (DTH Tools) Horizontal Drilling Tools Handheld Drilling Tools Other Tools by Type Original Equipment Manufacturer (OEM) Aftermarket by Application Mining Industry Construction Industry Quarrying Oil & Gas Others Rock Drilling Equipment Market, by Region:
North America (United States, Canada, Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (India, China, Japan, South Korea, Australia, ASEAN, and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME & A) South America (Brazil, Argentina, Columbia, and Rest of South America)Rock Drilling Equipment Market, Key players
North America 1. Drill King International, L.P. (United States) 2. Rock-Tech International (Canada) 3. Numa Tool Company (United States) 4. Holte Drilling Manufacturing (United States) 5. Rockmore International (United States) 6. Boart Longyear (United States) 7. Ingersoll Rand (United States) Europe 1. Epiroc AB (Sweden) 2. Mincon Group Plc (Ireland) 3. Sandvik AB (Sweden) 4. Herrenknecht (Germany) 5. Atlas Copco (Sweden) 6. Weir Group (United Kingdom) Asia-Pacific 1. Furukawa Rock Drill (Japan) 2. Sunward Equipment Group (China) 3. XCMG Group (China) 4. Hitachi Zosen (Japan) 5. Mindrill (India) South America 1. Ingersoll Rand (Brazil) 2. Caterpillar Inc. (USA; Operates in Brazil) Frequently Asked Questions (FAQs) 1. What is the size of the Rock Drilling Equipment Market? Ans: The Rock Drilling Equipment Market was valued at approximately USD 2.4 billion in 2023 and is projected to reach about USD 3.1 billion by 2030. 2. What factors are driving the growth of the Rock Drilling Equipment Market? Ans: The main drivers include the rapid expansion of the construction sector, urbanization in emerging economies such as India, China, and Brazil, and significant infrastructure projects such as highways and tunnels. 3. Which region holds the largest share of the Rock Drilling Equipment Market? Ans: The Asia-Pacific region holds the largest share and is the fastest-growing area, largely due to rapid industrialization and infrastructure investment in countries like China and India. 4. What is the expected growth rate of the Rock Drilling Equipment Market? Ans: The market is expected to grow at a compound annual growth rate (CAGR) of 3.72% from 2024 to 2030. 5. What are the key players in the Rock Drilling Equipment Market? Ans: Major companies include Atlas Copco, Sandvik, Furukawa Rock Drill, Komatsu, and Hitachi Zosen. These companies focus on innovation and improving production capabilities.
1. Rock Drilling Equipment Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Rock Drilling Equipment Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. Application Segment 2.5.4. Revenue (2023) 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Consolidation of the Market 2.7.1. Strategic Initiatives and Developments 2.7.2. Mergers and Acquisitions 2.7.3. Collaborations and Partnerships 2.7.4. Product Launches and Innovations 3. Rock Drilling Equipment Market: Dynamics 3.1. Rock Drilling Equipment Market Trends 3.2. Rock Drilling Equipment Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Bargaining power of suppliers 3.3.2. Bargaining power of buyers 3.3.3. Threat of new entrants 3.3.4. Threat of substitutes 3.3.5. Intensity of competitive rivalry 3.4. PESTLE Analysis 3.5. Value chain analysis 3.6. Trade Analysis 3.6.1. Import Data 3.6.2. Export Data 3.7. Industry Ecosystem: Key Company's Role in the Rock Drilling Equipment Market 4. Rock Drilling Equipment Market: Global Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 4.1. Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 4.1.1. Rotary Drilling Tools 4.1.2. Down-The-Hole Drilling Tools (DTH Tools) 4.1.3. Horizontal Drilling Tools 4.1.4. Handheld Drilling Tools 4.1.5. Other Tools 4.2. Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 4.2.1. Original Equipment Manufacturer (OEM) 4.2.2. Aftermarket 4.3. Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 4.3.1. Mining Industry 4.3.2. Construction Industry 4.3.3. Quarrying 4.3.4. Oil & Gas 4.3.5. Others 5. North America Rock Drilling Equipment Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 5.1. North America Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 5.1.1. Rotary Drilling Tools 5.1.2. Down-The-Hole Drilling Tools (DTH Tools) 5.1.3. Horizontal Drilling Tools 5.1.4. Handheld Drilling Tools 5.1.5. Other Tools 5.2. North America Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 5.2.1. Original Equipment Manufacturer (OEM) 5.2.2. Aftermarket 5.3. North America Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 5.3.1. Mining Industry 5.3.2. Construction Industry 5.3.3. Quarrying 5.3.4. Oil & Gas 5.3.5. Others 5.4. North America Rock Drilling Equipment Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 5.4.1.1.1. Rotary Drilling Tools 5.4.1.1.2. Down-The-Hole Drilling Tools (DTH Tools) 5.4.1.1.3. Horizontal Drilling Tools 5.4.1.1.4. Handheld Drilling Tools 5.4.1.1.5. Other Tools 5.4.1.2. United States Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 5.4.1.2.1. Original Equipment Manufacturer (OEM) 5.4.1.2.2. Aftermarket 5.4.1.3. United States Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 5.4.1.3.1. Mining Industry 5.4.1.3.2. Construction Industry 5.4.1.3.3. Quarrying 5.4.1.3.4. Oil & Gas 5.4.1.3.5. Others 5.4.2. Canada 5.4.2.1. Canada Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 5.4.2.1.1. Rotary Drilling Tools 5.4.2.1.2. Down-The-Hole Drilling Tools (DTH Tools) 5.4.2.1.3. Horizontal Drilling Tools 5.4.2.1.4. Handheld Drilling Tools 5.4.2.1.5. Other Tools 5.4.2.2. Canada Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 5.4.2.2.1. Original Equipment Manufacturer (OEM) 5.4.2.2.2. Aftermarket 5.4.2.3. Canada Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 5.4.2.3.1. Mining Industry 5.4.2.3.2. Construction Industry 5.4.2.3.3. Quarrying 5.4.2.3.4. Oil & Gas 5.4.2.3.5. Others 5.4.3. Mexico 5.4.3.1. Mexico Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 5.4.3.1.1. Rotary Drilling Tools 5.4.3.1.2. Down-The-Hole Drilling Tools (DTH Tools) 5.4.3.1.3. Horizontal Drilling Tools 5.4.3.1.4. Handheld Drilling Tools 5.4.3.1.5. Other Tools 5.4.3.2. Mexico Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 5.4.3.2.1. Original Equipment Manufacturer (OEM) 5.4.3.2.2. Aftermarket 5.4.3.3. Mexico Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 5.4.3.3.1. Mining Industry 5.4.3.3.2. Construction Industry 5.4.3.3.3. Quarrying 5.4.3.3.4. Oil & Gas 5.4.3.3.5. Others 6. Europe Rock Drilling Equipment Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 6.1. Europe Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.2. Europe Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.3. Europe Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4. Europe Rock Drilling Equipment Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.1.2. United Kingdom Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.1.3. United Kingdom Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.2. France 6.4.2.1. France Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.2.2. France Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.2.3. France Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Germany Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.3.3. Germany Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.4.2. Italy Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.4.3. Italy Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Spain Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.5.3. Spain Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Sweden Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.6.3. Sweden Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Austria Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.7.3. Austria Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Rest of Europe Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 6.4.8.3. Rest of Europe Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Rock Drilling Equipment Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 7.1. Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.3. Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4. Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.1.2. China Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.1.3. China Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.2.2. S Korea Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.2.3. S Korea Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Japan Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.3.3. Japan Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.4. India 7.4.4.1. India Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.4.2. India Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.4.3. India Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Australia Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.5.3. Australia Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.6. Indonesia 7.4.6.1. Indonesia Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Indonesia Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.6.3. Indonesia Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.7. Malaysia 7.4.7.1. Malaysia Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Malaysia Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.7.3. Malaysia Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.8. Vietnam 7.4.8.1. Vietnam Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Vietnam Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.8.3. Vietnam Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.9. Taiwan 7.4.9.1. Taiwan Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.9.2. Taiwan Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.9.3. Taiwan Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 7.4.10. Rest of Asia Pacific 7.4.10.1. Rest of Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 7.4.10.2. Rest of Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 7.4.10.3. Rest of Asia Pacific Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 8. South America Rock Drilling Equipment Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 8.1. South America Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 8.2. South America Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 8.3. South America Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 8.4. South America Rock Drilling Equipment Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 8.4.1.2. Brazil Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 8.4.1.3. Brazil Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 8.4.2.2. Argentina Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 8.4.2.3. Argentina Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest of South America Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Rest of South America Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 8.4.3.3. Rest of South America Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 9. Middle East and Africa Rock Drilling Equipment Market Size and Forecast by Segmentation (in USD Mn) (2023-2030) 9.1. Middle East and Africa Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 9.2. Middle East and Africa Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 9.3. Middle East and Africa Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 9.4. Middle East and Africa Rock Drilling Equipment Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 9.4.1.2. South Africa Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 9.4.1.3. South Africa Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 9.4.2.2. GCC Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 9.4.2.3. GCC Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 9.4.3. Rest Of MEA 9.4.3.1. Rest Of MEA Rock Drilling Equipment Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Rest Of MEA Rock Drilling Equipment Market Size and Forecast, by Manufacturer (2023-2030) 9.4.3.3. Rest Of MEA Rock Drilling Equipment Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. Drill King International, L.P. (United States) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis (Technological strengths and weaknesses) 10.1.5. Strategic Analysis (Recent strategic moves) 10.1.6. Recent Developments 10.2. Rock-Tech International (Canada) 10.3. Numa Tool Company (United States) 10.4. Holte Drilling Manufacturing (United States) 10.5. Rockmore International (United States) 10.6. Boart Longyear (United States) 10.7. Ingersoll Rand (United States) 10.8. Epiroc AB (Sweden) 10.9. Mincon Group Plc (Ireland) 10.10. Sandvik AB (Sweden) 10.11. Herrenknecht (Germany) 10.12. Atlas Copco (Sweden) 10.13. Weir Group (United Kingdom) 10.14. Furukawa Rock Drill (Japan) 10.15. Sunward Equipment Group (China) 10.16. XCMG Group (China) 10.17. Hitachi Zosen (Japan) 10.18. Mindrill (India) 10.19. Ingersoll Rand (Brazil) 10.20. Caterpillar Inc. (USA; Operates in Brazil) 11. Key Findings and Analyst Recommendations 12. Rock Drilling Equipment Market: Research Methodology 13. Market Size Estimation Methodology 13.1. Bottom-Up Approach 13.2. Top-Down Approach
