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.
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.
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?
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 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Rotary Blasthole Drilling Rig Market
6 Market Breakup by Type
7 Market Breakup by Power
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
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 Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
