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Atlas Copco AB
Boart Longyear Ltd.
Caterpillar Inc.
FLSmidth and Co. AS
FURUKAWA Co. Ltd.
Geodrill Ltd.
Hitachi Ltd.
Komatsu Ltd.
Metso Outotec Corp.
Murray and Roberts Holdings Ltd.
ROCKMORE International Inc.
Sandvik AB
Sulzer Management Ltd.
TEI Rock Drills
Universal Field Robots
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The mining drills market is forecasted to grow by USD 6439.3 mn during 2023-2028, accelerating at a CAGR of 8.52% during the forecast period. The report on the mining drills market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for precious metals, rise in demand for housing projects globally, and growing mineral and metal exploration activities.
Technavio's mining drills market is segmented as below:
Market Scope
Base Year 2024
End Year 2028
Series Year 2024-2028
Growth Momentum Accelerate
YOY 2024 7.67%
CAGR 8.52%
Incremental Value $6439.3mn
By Product
Hydraulic breakers
Rock breakers
Crawler drills
Rotary drills
By Application
Surface mining drills
Underground mining drills
By Geography
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the rise in automation in mining as one of the prime reasons driving the mining drills market growth during the next few years. Also, increase in environment-friendly mining equipment and processes and increasing demand for customized mining drills will lead to sizable demand in the market.
The report on the mining drills market covers the following areas:
Mining drills market sizing
Mining drills market forecast
Mining drills market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mining drills market vendors that include Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc., FLSmidth and Co. AS, FURUKAWA Co. Ltd., Geodrill Ltd., Hitachi Ltd., Komatsu Ltd., Matrix Design Group LLC, Metso Outotec Corp., Murray and Roberts Holdings Ltd., Robit Plc, ROCKMORE International Inc., Sandvik AB, Sulzer Ltd., TEI Rock Drills, and Universal Field Robots. Also, the mining drills market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Mining Drills Market 2018 - 2022
Historic Market Size - Data Table on Global Mining Drills Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Hydraulic breakers - Market size and forecast 2023-2028
Chart on Hydraulic breakers - Market size and forecast 2023-2028 ($ million)
Data Table on Hydraulic breakers - Market size and forecast 2023-2028 ($ million)
Chart on Hydraulic breakers - Year-over-year growth 2023-2028 (%)
Data Table on Hydraulic breakers - Year-over-year growth 2023-2028 (%)
6.4 Rock breakers - Market size and forecast 2023-2028
Chart on Rock breakers - Market size and forecast 2023-2028 ($ million)
Data Table on Rock breakers - Market size and forecast 2023-2028 ($ million)
Chart on Rock breakers - Year-over-year growth 2023-2028 (%)
Data Table on Rock breakers - Year-over-year growth 2023-2028 (%)
6.5 Crawler drills - Market size and forecast 2023-2028
Chart on Crawler drills - Market size and forecast 2023-2028 ($ million)
Data Table on Crawler drills - Market size and forecast 2023-2028 ($ million)
Chart on Crawler drills - Year-over-year growth 2023-2028 (%)
Data Table on Crawler drills - Year-over-year growth 2023-2028 (%)
6.6 Rotary drills - Market size and forecast 2023-2028
Chart on Rotary drills - Market size and forecast 2023-2028 ($ million)
Data Table on Rotary drills - Market size and forecast 2023-2028 ($ million)
Chart on Rotary drills - Year-over-year growth 2023-2028 (%)
Data Table on Rotary drills - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Application
7.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
7.3 Surface mining drills - Market size and forecast 2023-2028
Chart on Surface mining drills - Market size and forecast 2023-2028 ($ million)
Data Table on Surface mining drills - Market size and forecast 2023-2028 ($ million)
Chart on Surface mining drills - Year-over-year growth 2023-2028 (%)
Data Table on Surface mining drills - Year-over-year growth 2023-2028 (%)
7.4 Underground mining drills - Market size and forecast 2023-2028
Chart on Underground mining drills - Market size and forecast 2023-2028 ($ million)
Data Table on Underground mining drills - Market size and forecast 2023-2028 ($ million)
Chart on Underground mining drills - Year-over-year growth 2023-2028 (%)
Data Table on Underground mining drills - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Chart on Market share By Geographical Landscape2023-2028 (%)
Data Table on Market share By Geographical Landscape2023-2028 (%)
9.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Market opportunity By Geographical Landscape($ million)
Data Tables on Market opportunity By Geographical Landscape($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 Atlas Copco AB
Atlas Copco AB - Overview
Atlas Copco AB - Business segments
Atlas Copco AB - Key news
Atlas Copco AB - Key offerings
Atlas Copco AB - Segment focus
12.4 Boart Longyear Ltd.
Boart Longyear Ltd. - Overview
Boart Longyear Ltd. - Business segments
Boart Longyear Ltd. - Key offerings
Boart Longyear Ltd. - Segment focus
12.5 Caterpillar Inc.
Caterpillar Inc. - Overview
Caterpillar Inc. - Business segments
Caterpillar Inc. - Key news
Caterpillar Inc. - Key offerings
Caterpillar Inc. - Segment focus
12.6 FLSmidth and Co. AS
FLSmidth and Co. AS - Overview
FLSmidth and Co. AS - Business segments
FLSmidth and Co. AS - Key offerings
FLSmidth and Co. AS - Segment focus
12.7 FURUKAWA Co. Ltd.
FURUKAWA Co. Ltd. - Overview
FURUKAWA Co. Ltd. - Business segments
FURUKAWA Co. Ltd. - Key offerings
FURUKAWA Co. Ltd. - Segment focus
12.8 Geodrill Ltd.
Geodrill Ltd. - Overview
Geodrill Ltd. - Product / Service
Geodrill Ltd. - Key offerings
12.9 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
12.10 Komatsu Ltd.
Komatsu Ltd. - Overview
Komatsu Ltd. - Business segments
Komatsu Ltd. - Key news
Komatsu Ltd. - Key offerings
Komatsu Ltd. - Segment focus
12.11 Metso Outotec Corp.
Metso Outotec Corp. - Overview
Metso Outotec Corp. - Business segments
Metso Outotec Corp. - Key news
Metso Outotec Corp. - Key offerings
Metso Outotec Corp. - Segment focus
12.12 Murray and Roberts Holdings Ltd.
Murray and Roberts Holdings Ltd. - Overview
Murray and Roberts Holdings Ltd. - Business segments
Murray and Roberts Holdings Ltd. - Key offerings
Murray and Roberts Holdings Ltd. - Segment focus
12.13 ROCKMORE International Inc.
ROCKMORE International Inc. - Overview
ROCKMORE International Inc. - Product / Service
ROCKMORE International Inc. - Key offerings
12.14 Sandvik AB
Sandvik AB - Overview
Sandvik AB - Business segments
Sandvik AB - Key news
Sandvik AB - Key offerings
Sandvik AB - Segment focus
12.15 Sulzer Management Ltd.
Sulzer Management Ltd. - Overview
Sulzer Management Ltd. - Business segments
Sulzer Management Ltd. - Key news
Sulzer Management Ltd. - Key offerings
Sulzer Management Ltd. - Segment focus
12.16 TEI Rock Drills
TEI Rock Drills - Overview
TEI Rock Drills - Product / Service
TEI Rock Drills - Key offerings
12.17 Universal Field Robots
Universal Field Robots - Overview
Universal Field Robots - Product / Service
Universal Field Robots - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
13.5 Data procurement
13.6 Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 List of abbreviations