The global mining drills and breakers market size was valued at $13,582.7 million in 2020, and is projected to reach $20,679.3 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. Drills and breakers are mining machines that drill and crush rock to a specified depth. This procedure aids in the creation of open-pit mines and quarries where mining activity is expected to occur. One of the most important parts of a drill is the bit, which comes in a variety of sizes for drilling holes of various depths and diameters. Mining operations in essential product location are significantly affected by soil erosion, water shortages, biodiversity loss, and others. As a result, the demand for efficient mining solutions and strong equipment have increased.
The machine type consists of drills and breakers. There is a rise in demand for rock breakers as backhoe loaders and excavators become more popular in the market. Infrastructure development, as well as the rise in mining activity, both contribute to the segment's growth in the global market. Quarry operators have various options for selecting breakers matched to a specific application with the introduction of synchronized breakers, which provides a substantial advantage to manufacturers and customers. Manufacturers are now able to attach rock and hydraulic breakers with excavators due to the rise in demands for breakers. Rock breakers with better in-built operating features, which reduce time consumptions and increase safety and efficiency, are now being adopted by quarry operators.
Mining drills and breakers are utilized in application such as metal mining, mineral mining, and coal mining. Manufacturers are able to adapt current equipment to fulfil a variety of industrial needs with rise in demand for coal mining. However, the equipment and its parts are subjected to continual wear and tear during mining and excavation activities. Owning to green excavation efforts, companies have undergone major overhauls and are now providing after-sales services. For instance, in August 2021, Champion Iron signed an agreement with Caterpillar (CAT) of the U.S. for AI-powered drilling technology on Cat equipment at its Bloom Lake Mine in Canada. Champion anticipates that the agreement to help the mine improve operating productivity while lowering energy use.
The mining drills and breaker market is segmented on the basis of machine type, application, business, and region. On the basis of machine type, the market is categorized into drills and breakers. On the basis of application, it is fragmented into metal mining, mineral mining and coal mining. On the basis of business, it is categorized into original equipment and aftersales. On the basis of region, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The machine type consists of drills and breakers. There is a rise in demand for rock breakers as backhoe loaders and excavators become more popular in the market. Infrastructure development, as well as the rise in mining activity, both contribute to the segment's growth in the global market. Quarry operators have various options for selecting breakers matched to a specific application with the introduction of synchronized breakers, which provides a substantial advantage to manufacturers and customers. Manufacturers are now able to attach rock and hydraulic breakers with excavators due to the rise in demands for breakers. Rock breakers with better in-built operating features, which reduce time consumptions and increase safety and efficiency, are now being adopted by quarry operators.
Mining drills and breakers are utilized in application such as metal mining, mineral mining, and coal mining. Manufacturers are able to adapt current equipment to fulfil a variety of industrial needs with rise in demand for coal mining. However, the equipment and its parts are subjected to continual wear and tear during mining and excavation activities. Owning to green excavation efforts, companies have undergone major overhauls and are now providing after-sales services. For instance, in August 2021, Champion Iron signed an agreement with Caterpillar (CAT) of the U.S. for AI-powered drilling technology on Cat equipment at its Bloom Lake Mine in Canada. Champion anticipates that the agreement to help the mine improve operating productivity while lowering energy use.
The mining drills and breaker market is segmented on the basis of machine type, application, business, and region. On the basis of machine type, the market is categorized into drills and breakers. On the basis of application, it is fragmented into metal mining, mineral mining and coal mining. On the basis of business, it is categorized into original equipment and aftersales. On the basis of region, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
Key companies profiled in the mining drills and breaker market report include Boart Longyear, Caterpillar, Inc., Doosan Corporation, Atlas Copco AB, Epiroc AB, Furukawa Co., Ltd., GEODRILL Limited, Komatsu Ltd., Metso Outotec Corporation and Sandvik AB.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging mining drills and breakers market trends and dynamics
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the mining drills and breakers market is conducted by following key product positioning and monitoring of the top competitors within the market framework
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities
- The global mining drills and breakers market forecast analysis from 2021 to 2030 is included in the report
- The key market players within mining drills and breakers market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mining drills and breakers industry
KEY SEGMENTS
By MACHINERY TYPE
- Drills
- Breakers
By BUSINESS
- Original Equipment
- Aftersales
By Application
- Metal Mining
- Mineral Mining
- Coal Mining
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Boart Longyear
- Caterpillar, Inc
- Doosan Corporation
- Atlas Copco AB
- Epiroc AB
- Furukawa Co, Ltd
- GEODRILL Limited
- Komatsu Ltd
- Metso Outotec Corporation
- Sandvik AB
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Mining Drills and Breakers Market, by Machinery Type
Chapter 5: Mining Drills and Breakers Market, by Business
Chapter 6: Mining Drills and Breakers Market, by Application
Chapter 7: Mining Drills and Breakersmarket, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Mining Drills and Breakers Market by Machinery Type, Business, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”The global mining drills and breakers market size was valued at $13,582.7 million in 2020, and is projected to reach $20,679.3 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. Mining drills are the most common equipment used to dig the earth's surface for mining. During mining, breakers are used to break rocks or stones. Organic materials and minerals such as coal, crude oil, gold, and variety of other metals are extracted from the earth soil using mining equipment. Drilling equipment are of two types, which include rotary and crawler. Hydraulic and rock breakers are the most common types of breakers. Breakers provide manufacturers a considerable benefit, since they allow them to pick individual breakers that are compatible with the application.
In 2020, the Asia-Pacific region dominated the global market in terms of revenue and is expected to continue this trend during the forecast period, owing to increase of coal and metal mining activities in the region. In comparison to other regions, Asia-Pacific is the most productive, with a wide range of industrial verticals spending heavily in the mining drills and breakers market. Furthermore, due to the deployment of mining drills and breakers in the mining sector, the aftersales market in emerging nations is predicted to increase rapidly throughout the projection period. In addition, a number of local businesses invest in the metal and coal mining industries, which is expected to increase the demand for mining drills and breakers.
Various mining drills and breakers are available in the market, which include top hammer long hole drill rigs, secondary breakers drill rigs, surface down-hole drill rigs, rotary blasthole drill rigs, secondary breaking drill rigs, rock pulse, and hydraulic breakers. It is also employed in a variety of construction-related procedures. The growth in mining activities to fulfil the demand for metals and minerals drives the mining drills and breakers. Furthermore, the Asia-Pacific region's economy has risen in recent years in comparison to other regions globally, which boosts the mining industry's expansion. This, in turn, is likely to propel the mining drills and breakers market growth forward during the forecast period.
Moreover, key players in the market get contracts and offer their advanced mining drills and breakers equipment in the mining sector globally. For instance, in December 2021, Sandvik Mining and Rock Solutions received an order from Newcrest in Canada for surface mining equipment that will improve reliability and production. Surface and rotary drills that are automation ready will be employed in an open pit copper and gold mine that is already in production. Similarly, in October 2021, Epiroc received a major mining equipment contract in Sweden. Face drill rigs, Simba production drilling rigs, and boltec rock reinforcing rigs were ordered by Europe's largest iron ore producer for use at its Kiruna and Malmberget underground iron ore mines in north Sweden. As a result, such factors create growth opportunities in the market .
However, during the COVID-19 pandemic lockdown, various manufacturers in the mining drills and breakers market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of mining drills and breaker. In addition, lack of manpower and raw materials also constricted the supply of equipment of mining drills and breakers, which has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for COVID-19 are anticipated to lead to re-opening of mining drills and breaker companies.
Competition Analysis
Key companies profiled in the mining drills and breakers market report include Boart Longyear, Caterpillar, Inc., Doosan Corporation, Atlas Copco AB, Epiroc AB, Furukawa Co., Ltd., GEODRILL Limited, Komatsu Ltd., Metso Outotec Corporation and Sandvik AB.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging mining drills and breakers market trends and dynamics
- Depending on machinery type, the drills segment dominated the mining drills and breakers market share, in terms of revenue in 2020 and the breakers segment is projected to grow at a significant CAGR during the forecast period
- By application type, the metal mining segment has registered highest revenue in 2020
- Asia-Pacific is projected to register highest growth rate in the coming years
- Depending on business, the OEM segment dominated the market, in terms of revenue in 2020, and aftersales segment is projected to grow at a significant CAGR during the forecast period
- The key players within the mining drills and breakers are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the mining drills and breakers industry
- The report provides an extensive analysis of the current trends and emerging opportunities of the market
Companies Mentioned
- Boart Longyear
- Caterpillar, Inc.
- Doosan Corporation
- Atlas Copco AB
- Epiroc AB
- Furukawa Co., Ltd.
- GEODRILL Limited
- Komatsu Ltd.
- Metso Outotec Corporation
- Sandvik AB.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 267 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 13582.7 million |
| Forecasted Market Value ( USD | $ 20679.3 million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
