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Rotary Blasthole Drilling Rig Market Report by Type, Power, Application, and Region 2024-2032

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    Report

  • 139 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5700880
Description Jump to:
The global rotary blasthole drilling rig market size reached US$ 2.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.75% during 2023-2032.

A rotary blasthole drilling rig is a machine that creates holes in the surface of the earth. It is a massive structure housing equipment used to drill water, oil, and natural gas extraction wells. It is easy to install and relocate while allowing greater operational flexibility due to its lightweight modular design. It is self-propelled and equipped with computer operating systems to enhance productivity. It is more eco-friendly and generates lesser vibrations and noise compared to conventional drilling rigs. It is employed to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels, or wells. It assists in drilling mud, controlling hole pressures, stabilizing the hole wall, and removing drill cuttings.

Rotary Blasthole Drilling Rig Market Trends:

At present, the growing utilization of rotary blasthole drilling rigs in rotary drilling at large quarries, open pit mines, petroleum extraction, and other fields represents one of the key factors driving the market. Besides this, rising construction activities in commercial and residential sectors across the globe, along with the expanding construction industry, are contributing to the growth of the market. In addition, the growing employment of diesel or gasoline-powered rotary blasthole drilling rigs to mine coal, gold, and other minerals is offering a positive market outlook.

Moreover, the increasing demand for rotary blasthole drilling rigs in the mining sector due to their low cost and high operational speed is offering lucrative growth opportunities to industry investors. Apart from this, key players currently operating in the industry are extensively investing in research and development (R&D) activities to introduce autonomous rotary drill rigs for offering optimum mining output within a short timeline and with low labor costs. Additionally, governments of several countries are focusing on developing road and railway infrastructure, which is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global rotary blasthole drilling rig market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, power and application.

Breakup by Type:

  • Large-range Drilling Rig
  • Mid-range Drilling Rig
  • Others

Breakup by Power:

  • Electric
  • Diesel
  • Hybrid

Breakup by Application:

  • Quarries
  • Open-Pit Mining
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bauer AG, Caterpillar Inc., Epiroc AB, Komatsu Ltd., Liebherr Group, Nanchang Kamach Mining Co. Ltd., Sandvik AB, Schramm Inc. and Sunward Intelligent Equipment Co. Ltd.

Key Questions Answered in This Report

1. How big is the global rotary blasthole drilling rig market?
2. What is the expected growth rate of the global rotary blasthole drilling rig market during 2024-2032?
3. What are the key factors driving the global rotary blasthole drilling rig market?
4. What has been the impact of COVID-19 on the global rotary blasthole drilling rig market?
5. What is the breakup of the global rotary blasthole drilling rig market based on the type?
6. What is the breakup of the global rotary blasthole drilling rig market based on the application?
7. What are the key regions in the global rotary blasthole drilling rig market?
8. Who are the key players/companies in the global rotary blasthole drilling rig market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Rotary Blasthole Drilling Rig Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Large-range Drilling Rig
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mid-range Drilling Rig
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Power
7.1 Electric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Diesel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Quarries
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Open-Pit Mining
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bauer AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Caterpillar Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Epiroc AB
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Komatsu Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Liebherr Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 Nanchang Kamach Mining Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Sandvik AB
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Schramm Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sunward Intelligent Equipment Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
List of Figures
Figure 1: Global: Rotary Blasthole Drilling Rig Market: Major Drivers and Challenges
Figure 2: Global: Rotary Blasthole Drilling Rig Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Rotary Blasthole Drilling Rig Market: Breakup by Type (in %), 2023
Figure 5: Global: Rotary Blasthole Drilling Rig Market: Breakup by Power (in %), 2023
Figure 6: Global: Rotary Blasthole Drilling Rig Market: Breakup by Application (in %), 2023
Figure 7: Global: Rotary Blasthole Drilling Rig Market: Breakup by Region (in %), 2023
Figure 8: Global: Rotary Blasthole Drilling Rig (Large-range Drilling Rig) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Rotary Blasthole Drilling Rig (Large-range Drilling Rig) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Rotary Blasthole Drilling Rig (Mid-range Drilling Rig) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Rotary Blasthole Drilling Rig (Mid-range Drilling Rig) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Rotary Blasthole Drilling Rig (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Rotary Blasthole Drilling Rig (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Rotary Blasthole Drilling Rig (Electric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Rotary Blasthole Drilling Rig (Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Rotary Blasthole Drilling Rig (Diesel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Rotary Blasthole Drilling Rig (Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Rotary Blasthole Drilling Rig (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Rotary Blasthole Drilling Rig (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Rotary Blasthole Drilling Rig (Quarries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Rotary Blasthole Drilling Rig (Quarries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Rotary Blasthole Drilling Rig (Open-Pit Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Rotary Blasthole Drilling Rig (Open-Pit Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Rotary Blasthole Drilling Rig (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Rotary Blasthole Drilling Rig (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Rotary Blasthole Drilling Rig Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Rotary Blasthole Drilling Rig Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Rotary Blasthole Drilling Rig Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Global: Rotary Blasthole Drilling Rig Industry: SWOT Analysis
Figure 76: Global: Rotary Blasthole Drilling Rig Industry: Value Chain Analysis
Figure 77: Global: Rotary Blasthole Drilling Rig Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Rotary Blasthole Drilling Rig Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Rotary Blasthole Drilling Rig Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Rotary Blasthole Drilling Rig Market Forecast: Breakup by Power (in Million US$), 2024-2032
Table 4: Global: Rotary Blasthole Drilling Rig Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Rotary Blasthole Drilling Rig Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Rotary Blasthole Drilling Rig Market: Competitive Structure
Table 7: Global: Rotary Blasthole Drilling Rig Market: Key Players

Companies Mentioned

  • Bauer AG
  • Caterpillar Inc.
  • Epiroc AB
  • Komatsu Ltd.
  • Liebherr Group
  • Nanchang Kamach Mining Co. Ltd.
  • Sandvik AB
  • Schramm Inc.
  • Sunward Intelligent Equipment Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 2.8 Billion
Forecasted Market Value ( USD ) by 2032 $ 3.9 Billion
Compound Annual Growth Rate3.8%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Market

Rotary blasthole drilling rigs are a type of heavy equipment used predominantly in the mining industry but also find applications within oilfield services as part of the exploration and production phases. These specialized drilling rigs are designed to create deep, large-diameter holes necessary for the detonation of explosives to facilitate material fragmentation which is then extracted for processing. In the oil and gas sector, however, their role is more focused towards the initial geological exploration and preparing the ground for setting up the infrastructure necessary for oil extraction. The devices are highly valued for their efficiency, precision, and the ability to drill through tough geological formations. The market for rotary blasthole drilling rigs within the oilfield equipment and services sector is determined by the demands for oil and minerals extraction, technological advancements in drilling techniques, and investment in exploration activities. These rigs are tailored according to the specific requirements of the operation including the terrain, type of mineral resource, and the environmental conditions of the drilling site. Prominent companies in the rotary blasthole drilling rig market often include firms that are also recognized for their contributions across various sectors of oilfield services and mining equipment. Some of these companies are Atlas Copco, Sandvik, Caterpillar, Komatsu Ltd., and Epiroc. They not only manufacture drilling rigs but also provide after-market services and support, ensuring the sustainability and efficiency of drilling operations. Show Less Read more

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