Product Code: A311699
Rock drilling equipment encompasses a wide range of technologies used to drilling holes into rock surfaces, allowing for a wide range of industrial applications. This equipment is used in mining, construction, geotechnical exploration, and oil & gas production. Rock drilling equipment's principal duty is to break through stubborn geological formations, allowing access to valuable resources or opening the way for infrastructure construction. Access to rich minerals typically necessitates penetrating hard rock formations, hence rock drilling equipment is crucial in mining. Advanced drilling technologies in mining operations result in increased productivity, faster extraction rates, and improved safety requirements.
Rock drilling equipment is extremely versatile and may be used in a wide range of geological conditions. Owing to their adaptability, these instruments are suited for a wide range of applications, from soft soil to hard rock formations, enhancing their value across a number of industries. Sensors and data monitoring systems on contemporary rock drilling equipment provide real-time information on drilling parameters. This data is useful for making informed decisions, improving drilling methods, and preventing equipment failures. Remote operation and automation in rock drilling equipment enhances safety and efficiency. Drilling operations may be controlled remotely, reducing the need for human presence in hazardous places.
The high cost of acquisition and maintenance is a major obstacle in the rock drilling equipment market expansion. Modern technology and materials used in these devices increase efficiency while increasing total cost. Companies need to make huge initial investments to obtain innovative drilling equipment and ongoing maintenance costs can also be substantial. This financial burden can be particularly challenging for small and medium-sized firms, limiting their access to the most innovative and cost-effective drilling technologies. As these instruments advance, they become more complicated and require experienced operators to function properly. Companies may have challenges in training and retaining talented staff, resulting in increased operational costs and considerable risks.
The increase in infrastructure development projects worldwide is one of the key potential factors driving the rock drilling equipment market expansion. As countries spend on improving their transportation networks, creating new structures, and expanding energy resources, the demand for efficient and powerful rock drilling equipment increases. The need for these technologies is particularly strong in emerging countries, where growing urbanization and industrialization are driving significant infrastructure investments. The growing emphasis on renewable energy sources like wind and solar boosts the demand for geotechnical drilling for site evaluations and foundation installation. As existing infrastructure ages, there is an ongoing need for maintenance, repairs, and replacement. This creates a continuous demand for rock drilling equipment, especially as older equipment is upgraded or replaced with more advanced models.
During the pandemic, the main difficulty hampering the rock drilling equipment business was a lack of skilled labor. Lockdowns, social distancing measures, and health difficulties all limited workforce availability. The lack of qualified labor affects not just equipment production but also servicing and maintenance of existing units. Companies were forced to respond by implementing strict workplace safety measures, implementing remote work wherever possible, and investing in training programs to overcome the skills gap. Demand for rock drilling equipment in the construction and mining industries was hampered as a result of the pandemic. Some projects were put on hold due to economic uncertainties and lockdown measures, while others were delayed in obtaining necessary permits and licenses.
The key players profiled in this report include Atlas Copco, Hitachi Zosen, Sandvik Construction, Sanyhe International Holdings, Herrenknecht, Furukawa Rock Drill, Kawasaki Heavy, Komatsu, Sunward Equipment Group, China Railway Engineering, and XCMG Group. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as product innovation and development of rock drilling equipment.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rock drilling equipment market analysis from 2022 to 2032 to identify the prevailing rock drilling equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the rock drilling equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global rock drilling equipment market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Consumer Buying Behavior Analysis
- End user preferences and pain points
- Investment Opportunities
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- Pain Point Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Product
- Medium-Sized
- Large-Sized
- Heavy-Sized
By Manufacturer
By End-use Industry
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players:
- Drill KIng International.L.P
- Epiroc AB
- Furukawa Rock Drill
- Global Mining Equipments
- Holte Manufacturing
- Mincon Group Plc
- Numa Tool Company
- Rockmore International,Inc.
- Rock- Tech International
- Sandvik AB
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Market Share Analysis
- 3.6. Brand Share Analysis
- 3.7. Value Chain Analysis
- 3.8. Key Regulation Analysis
- 3.9. Patent Landscape
CHAPTER 4: ROCK DRILLING EQUIPMENT MARKET, BY PRODUCT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Medium-Sized
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Large-Sized
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Heavy-Sized
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: ROCK DRILLING EQUIPMENT MARKET, BY MANUFACTURER
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. OEM
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Aftermarket
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: ROCK DRILLING EQUIPMENT MARKET, BY END-USE INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Mining
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Construction
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: ROCK DRILLING EQUIPMENT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product
- 7.2.3. Market size and forecast, by Manufacturer
- 7.2.4. Market size and forecast, by End-use Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Product
- 7.2.5.1.2. Market size and forecast, by Manufacturer
- 7.2.5.1.3. Market size and forecast, by End-use Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Product
- 7.2.5.2.2. Market size and forecast, by Manufacturer
- 7.2.5.2.3. Market size and forecast, by End-use Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Product
- 7.2.5.3.2. Market size and forecast, by Manufacturer
- 7.2.5.3.3. Market size and forecast, by End-use Industry
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product
- 7.3.3. Market size and forecast, by Manufacturer
- 7.3.4. Market size and forecast, by End-use Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Product
- 7.3.5.1.2. Market size and forecast, by Manufacturer
- 7.3.5.1.3. Market size and forecast, by End-use Industry
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by Product
- 7.3.5.2.2. Market size and forecast, by Manufacturer
- 7.3.5.2.3. Market size and forecast, by End-use Industry
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Product
- 7.3.5.3.2. Market size and forecast, by Manufacturer
- 7.3.5.3.3. Market size and forecast, by End-use Industry
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Product
- 7.3.5.4.2. Market size and forecast, by Manufacturer
- 7.3.5.4.3. Market size and forecast, by End-use Industry
- 7.3.5.5. Italy
- 7.3.5.5.1. Market size and forecast, by Product
- 7.3.5.5.2. Market size and forecast, by Manufacturer
- 7.3.5.5.3. Market size and forecast, by End-use Industry
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Product
- 7.3.5.6.2. Market size and forecast, by Manufacturer
- 7.3.5.6.3. Market size and forecast, by End-use Industry
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product
- 7.4.3. Market size and forecast, by Manufacturer
- 7.4.4. Market size and forecast, by End-use Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Product
- 7.4.5.1.2. Market size and forecast, by Manufacturer
- 7.4.5.1.3. Market size and forecast, by End-use Industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Product
- 7.4.5.2.2. Market size and forecast, by Manufacturer
- 7.4.5.2.3. Market size and forecast, by End-use Industry
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Product
- 7.4.5.3.2. Market size and forecast, by Manufacturer
- 7.4.5.3.3. Market size and forecast, by End-use Industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Product
- 7.4.5.4.2. Market size and forecast, by Manufacturer
- 7.4.5.4.3. Market size and forecast, by End-use Industry
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Product
- 7.4.5.5.2. Market size and forecast, by Manufacturer
- 7.4.5.5.3. Market size and forecast, by End-use Industry
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Product
- 7.4.5.6.2. Market size and forecast, by Manufacturer
- 7.4.5.6.3. Market size and forecast, by End-use Industry
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product
- 7.5.3. Market size and forecast, by Manufacturer
- 7.5.4. Market size and forecast, by End-use Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Product
- 7.5.5.1.2. Market size and forecast, by Manufacturer
- 7.5.5.1.3. Market size and forecast, by End-use Industry
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Market size and forecast, by Product
- 7.5.5.2.2. Market size and forecast, by Manufacturer
- 7.5.5.2.3. Market size and forecast, by End-use Industry
- 7.5.5.3. UAE
- 7.5.5.3.1. Market size and forecast, by Product
- 7.5.5.3.2. Market size and forecast, by Manufacturer
- 7.5.5.3.3. Market size and forecast, by End-use Industry
- 7.5.5.4. South Africa
- 7.5.5.4.1. Market size and forecast, by Product
- 7.5.5.4.2. Market size and forecast, by Manufacturer
- 7.5.5.4.3. Market size and forecast, by End-use Industry
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Market size and forecast, by Product
- 7.5.5.5.2. Market size and forecast, by Manufacturer
- 7.5.5.5.3. Market size and forecast, by End-use Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Drill KIng International.L.P
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Epiroc AB
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Furukawa Rock Drill
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Global Mining Equipments
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Holte Manufacturing
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Mincon Group Plc
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Numa Tool Company
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Rockmore International,Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Rock- Tech International
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Sandvik AB
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments