Market Insights
Mining Drills & Breakers Market is likely to witness an impressive CAGR of 9.0% during the forecast period. Major factors such as increasing metal and mineral exploration activities, particularly in emerging economies, are expected to drive the growth of the market. Furthermore, increasing demand for smart mining solutions is expected to fuel the market growth during the forecast period.
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Mining Drills & Breakers Market – Snapshot
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Growth
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9.0% for the next five years
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Major Product Type
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Rock Breakers
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Major Application Type
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Metal Mining
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Region with the highest demand
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Asia-Pacific
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Key Players
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Atlas Copco AB, Boart Longyear Ltd., Cabo Drilling Corp., Caterpillar, Inc., Energold Drilling Corp., Geodrill Limited, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., Metso Corporation, and Sandvik AB
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Market Segments' Analysis
Mining Drills & Breakers Market Share: By Product Type
Based on the product type, the market is segmented as rotary drills, crawler drills, rock breakers, hydraulic breakers, and others. Rock breakers are expected to account for the lion's share of the market during the forecast period due to increased mining activities and rising demand for excavators and backhoe loaders. Furthermore, breakers with improved in-built operational features deliver safety and productivity, thereby bolstering the demand for rock breakers.
Mining Drills & Breakers Market Share: By Application Type
Based on the application type, the market is segmented as metal mining, mineral mining, and coal mining. The metal mining application segment is expected to be dominant during the forecast period due to increasing demand for metals from various industries. Furthermore, growing demand for automobiles, increasing gold mining activities, rising infrastructure development, and the availability of mining equipment on rent are expected to drive the market growth during the forecast period.
Mining Drills & Breakers Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The region's market is growing as a result of the economic development as well as growth in the building and construction sector. Furthermore, increasing automation of construction and mining processes, as well as increasing government focus on exploration activities in the emerging economies such as China and India, is expected to fuel the growth of the market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Market Scope & Segmentation
Mining drills and breakers are equipment that are employed to drill the earth’s surface for mining operations. Mining drills and breakers are used in the mining industry to extract minerals or metals.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Mining Drills & Breakers Market Research Report - Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The mining drills & breakers market is segmented into the following categories:
Mining Drills & Breakers Market Size, Share, & Forecast, by Product Type:
- Rotary Drills (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Crawler Drills (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Rock Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hydraulic Breakers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others
- Regional Analysis: North America, Europe, Asia-Pacific, and RoW
- Type Analysis: Wagon Drills and Pneumatic Breakers
Mining Drills & Breakers Market Size, Share, & Forecast, by Application Type:
- Metal Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mineral Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Coal Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mining Drills & Breakers Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
