Diamond Core Drilling Market Report 2026

The diamond core drilling market size has grown steadily in recent years. It will grow from $2.34 billion in 2025 to $2.39 billion in 2026 at a compound annual growth rate (CAGR) of 2.1%. The growth in the historic period can be attributed to expansion of mineral exploration activities, growth in construction site investigations, increased demand for geological sampling accuracy, availability of advanced diamond drill bits, rising investments in mining exploration.

The diamond core drilling market size is expected to see steady growth in the next few years. It will grow to $2.6 billion in 2030 at a compound annual growth rate (CAGR) of 2.1%. The growth in the forecast period can be attributed to increasing demand for deep underground exploration, rising adoption of automated drilling rigs, expansion of infrastructure development projects, growing focus on cost-efficient exploration methods, increasing use of data-driven drilling optimization. Major trends in the forecast period include increasing adoption of rig-operated diamond drilling systems, rising use of wireline drilling techniques, growing demand for high-precision core sampling, expansion of battery-operated handheld drills, enhanced focus on drilling accuracy and core recovery.

The expanding mining activities are expected to drive the growth of the diamond core drilling market going forward. Mining activities involve the extraction and processing of valuable minerals or other geological materials from the earth for various industrial purposes, including energy production and manufacturing. These activities are increasing to meet the rising global demand for metals and minerals, fueled by economic growth, urbanization, and the need for resources. Diamond core drilling offers precise and accurate operations with clean, well-defined core samples, making it essential for applications that require high accuracy, such as mineral exploration, mining, geotechnical investigations, and environmental site assessments. For instance, in January 2025, according to the United States Geological Survey (USGS), a U.S.-based government agency focused on minerals and resources, the total value of U.S. mineral production in 2024 reached $106 billion, with industrial mineral production accounting for $72.1 billion, reflecting substantial growth in mining activities. Therefore, the expansion of mining activities is fueling the growth of the diamond core drilling market.

Leading companies in the diamond core drilling market are concentrating on advancements in drilling products, such as high-efficiency core drilling systems, to deliver powerful, efficient, and user-friendly solutions for large-diameter drilling applications. A high-efficiency core drilling system is a specialized tool designed to extract cylindrical samples from various materials with maximum precision while minimizing energy consumption. For example, in August 2024, AGP Power Tools, a power tools manufacturer based in Taiwan, introduced the AGP DM20 High-Frequency Coring Motor and QS600 Drill Stand. This new product features high-frequency motor technology along with an integrated digital interface, allowing for extensive speed control without the need for gears, and it operates on single-phase power for easy use on job sites. With its advanced efficiency and the quick-release QS600 drill stand, this system offers a powerful and user-friendly solution for large-diameter coring, ensuring enhanced convenience and strength.

In February 2025, Element Six, a UK-based synthetic diamond technology company, entered into a strategic partnership with Master Drilling to develop advanced diamond-enabled drilling and tunneling solutions. Through this collaboration, the companies aim to improve the performance, efficiency, and precision of mechanized drilling operations by combining Element Six’s synthetic diamond cutting technologies with Master Drilling’s expertise in mechanized drilling. Master Drilling is a South Africa-based global provider of mechanized drilling and rock excavation solutions for mining and tunneling applications.

Major companies operating in the diamond core drilling market are Atlas Copco AB, Sandvik AB, Hilti Corporation, Husqvarna AB, Epiroc AB, Tyrolit Group, Boart Longyear Ltd, Shibuya Company Ltd., Master Drilling Group Ltd., Mincon Group PLC, Di-Corp, B+Btec GmbH, Rockdril, Albert Roller GmbH, DUSS Maschinenfabrik GmbH & Co. KG, Geomachine Oy, LISSMAC Maschinenbau GmbH, WEKA Elektrowerkzeuge KG, MASSENZA Drilling Rigs Srl, KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH, APC Drilling & Constructions Private Limited, Golz GmbH.

Asia-Pacific was the largest region in the diamond core drilling market in 2025. The regions covered in the diamond core drilling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the diamond core drilling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The diamond core drilling market consists of sales of diamond core drilling machines, diamond core bits, drill rods, drilling fluids and additives and diamond core drill bits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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