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Mining Drills and Breakers Market (Product Type - Rotary Drills, Crawler Drills, Rock Breakers, Hydraulic Breakers, and Others; Application - Metal Mining, Mineral Mining, and Coal Mining): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : EIM0306

  • Category : Energy, Mining and Infrastructure

  • Status : Published

A recent report published by Infinium Global Research on the mining drills and breakers market provides in-depth analysis of segments and sub-segments in the global as well as regional mining drills and breakers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mining drills and breakers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global mining drills and breakers market. According to the report, the global mining drills and breakers market is projected to grow at a CAGR of 8.94% over the forecast period of 2021-2027.

 

Market Insight

The global mining drills and breakers market was sized from USD 12041.6 million in 2021 to about USD 20127.8 million in 2027. The global mining drills and breakers market is projected to grow with a CAGR of 8.94% during 2021-2027. The equipment used to drill the earth’s surface for mining operations is called mining drills. However, breakers are used to demolish and break stones or rocs for the mining process. Both mining drills and breakers are used in the mining industry to carry out the work below and above the ground for extracting minerals and are also used for the mining of coal, gold, crude oil, and metals. Furthermore, blast-hole drills, rotary drills, and percussive drills are examples of mining drills. Additionally, mining drills and breakers are widely used for the mining of coal, gold, crude oil, and metals. Drills consist of an air compressor, rod changer, mast, rotary head, dust ducting, and drill pipes. However, the breaker consists of chambers, side rods, main valve, front cap, and piston. Moreover, rock demolition, trenching, and quarrying are some of the applications of breakers.

 

The significant factors expected to propel market growth over the forecast period are the increasing number of mineral exploration activities, favorable government initiatives such as coal mining policies, fiscal incentives, and more. Moreover, there is an increase in the demand for underground mining equipment, due to which there is an expansion of the mining drills and breakers market. Additionally, increasing coal and metal mining operations are also anticipated to boost the market's growth. On the other hand, the primary factor that hampers the market’s development is the high cost of machines used in mining. Due to such high prices, the mining drills and breakers market is also restrained. Additionally, strict government regulations are also hampering the market’s growth. Nevertheless, technological advancements in the mining sector and a rise in investments in the mining industries are providing exponential growth opportunities to the market.

 

The Asia Pacific is the current dominating region of the mining drills and breakers market, and it is projected to maintain its dominance over a forecast period. There is enormous revenue growth in the APAC region due to the rapidly growing construction industry coupled with growing automation of construction and mining process in the region's countries. Furthermore, the market's revenue is also growing due to the increasing number of mining activities in the area. Moreover, North America has become the second dominating market region after Asia pacific. In addition, the Europe mining drills and breakers market is anticipated to grow at a steady rate during the forecast period due to the region's increasing infrastructure development activities.

 

Segment Covered

The report on the global mining drills and breakers market covers segments such as product type, and application. On the basis of product type, the sub-markets include rotary drills, crawler drills, rock breakers, hydraulic breakers, and others. On the basis of application, the sub-markets include metal mining, mineral mining, and coal mining.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Boart Longyear, Caterpillar Inc., Doosan Corporation, Atlas Copco AB, Epiroc AB, Furukawa Co., Ltd., GEODRILL Limited, Komatsu Ltd,, Metso Outotec Corporation, and Sandvik AB.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mining drills and breakers market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. 


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