Mining Drills & Breakers Market: Introduction
- Mining drills & breakers are the most common piece of heavy equipment used for mining purposes. Each type of mining equipment comes with its own set of expertise. The selection of mining equipment depends on whether the work is being carried out above or below the ground. Mining drills provide a blast hole that is loaded with explosives and detonated to make the mining work easier. Drills play a significant role in underground mining operations. Drills are majorly used by miners who extract oil, natural gas, coal, and minerals. Breaker is a type of mining equipment that is employed to demolish rocks in order to conduct mining activities. The market for mining drills and breakers is estimated to expand during the forecast period.
Key Drivers and Opportunities of Global Mining Drills & Breakers Market
- Expansion of underground mining operations has increased the demand for mining drills & breakers. Drills are the most commonly used equipment for underground mining. Rapid increase in underground mining activities in developing and developed countries is expected to drive the mining drills & breakers market in the near future.
- Furthermore, increase in government initiatives to support metal exploration in developing and underdeveloped countries are expected to further fuel the demand for mining drills and beakers during the forecast period
- The modern mining industry is witnessing a positive shift from a labor-centric approach to mechanism or automation, which is also a major driver of the mining drills & breakers market. The trend of offering drills and breakers on lease has been increasing. It is expected to increase at a rapid pace in the near future.
- The offering of drills and breakers on lease is expected to hamper the market in the future due to reduced demand for purchasing drills and breakers
North America to Hold Major Share of Global Mining Drills & Breakers Market
- In terms of geography, the global mining drills & breakers market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is expected to hold a major share of the global mining drills and breakers during the forecast period. Rise in number of projects related to coal mining is offering significant opportunities for the mining drills & breakers market in North America especially in the U.S. and Canada.
- Asia Pacific is expected to be another prominent region for the global mining drills and breakers market. Expansion of the construction sector in the region is expected to fuel the demand for the mining drills and breakers during the forecast period.
Key Players Operating in Global Mining Drills & Breakers Market
- Atlas Copco AB
- Boart Longyear
- Caterpillar Inc.
- Doosan Corporation
- Energold Drilling Corp.
- Epiroc AB
- Geodrill Limited
- Komatsu Limited
- Metso Oyj
- Sandvik AB
Global Mining Drills & Breakers Market: Research Scope
Global Mining Drills & Breakers Market, by Equipment
- Drills
- Rotary Drills
- Crawler Drills
- Breakers
- Rock Breakers
- Hydraulic Breakers
Global Mining Drills & Breakers Market, by Business
- Original Equipment
- After Sales
- Rental Services
Global Mining Drills & Breakers Market, by Application
- Coal Mining
- Minerals Mining
- Metal Mining
- Others (Lime Stone, Gem Stone, Chalk etc.)
Global Mining Drills & Breakers Market, by Price
Global Mining Drills & Breakers Market, by Distribution Channel
Global Mining Drills & Breakers Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
