A recent report published by Infinium
Global Research on the underground mining diamond drilling market provides an
in-depth analysis of segments and sub-segments in the global as well as
regional underground mining diamond drilling market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional underground mining diamond drilling 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 underground mining diamond drilling market.
According to the report, the global underground mining diamond drilling market
is projected to grow at a CAGR of 5.7% over the forecast period of 2019-2025.
mining diamond drilling extracts the core samples from the earth. It determines
the structural strength of mineral composition for construction projects.
Diamond coring bits are used in the exploration phase of the mining industry.
In 2019, Epiroc acquired Fordia which is a manufacturer of exploration drilling
tools. The acquisition strengthens the mining and drilling tools manufacturing
in demand for base metals such as nickel, copper, lead, and zinc led to a rise
in investments in metal mining. The increased investments in metal mining
augment the growth of the underground mining diamond drilling market. The
growing demand for intelligent drill bits will augment the demand for
underground mining diamond drilling. The development of clean coal technologies
is one of the factors for the increased growth of the underground mining
diamond drilling market. Clean coal technology reduces the negative impact of
coal energy generation on the environment and mitigates climate change
globally. In addition, diamond core drill bits are made from industrial
strength diamonds and are not easily damaged. The reliability of diamond core
drills is the reason for the leading demand for underground mining diamond
drilling. On the other side, in underground mining, the mineral is extricated
whereas the waste is deserted that evades the evacuation of waste shake which
does not have any financial worth. This is one of the restraints for the growth
of the market. Moreover, the research and development encourage innovative
product launches creating several opportunities for the growth of the
underground mining diamond drilling market.
America is anticipated to hold the largest share in the global underground
mining diamond drilling market. The rising investments in the underground
mining industry in North America drive the growth of the underground mining
diamond drilling market in North America. Asia-Pacific is expected to grow in
the global underground mining diamond drilling market with a significant CAGR
over the forecast period. Rapid development in the underground mining
activities in countries such as Japan and China augment the growth of the
underground mining diamond drilling market in Asia-Pacific.
The report on the global underground
mining diamond drilling market covers segments such as type and application. On
the basis of type, the sub-markets include rotary drilling, and wireline
drilling. On the basis of application, the sub-markets include hard rock, and
The report provides profiles of the
companies in the market such as Atlas Copco AB, Zinex Mining Corp., Epiroc AB,
Sandvik AB, Boart Longyear, Geomachine Oy, Wuxi Geological Drilling Equipment
Co. Ltd., VersaDrill Canada, Sinocoredrill Group Co. Ltd., Indium Corporation,
and other companies.
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 underground mining diamond drilling market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. 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.