Mining Drill Market Outlook (2023 to 2033)

The global mining drill market is expected to be valued at US$ 3.289 billion in 2023. The overall demand for mining drills is projected to expand at a CAGR of 4.7% between 2023 and 2033, totaling US$ 5.206 billion by 2033.

Increased mineral exploration operations are estimated to fuel market expansion during the forecast period due to the availability of many mineral deposits, notably in China, India, and Australia. Moreover, Mining activities at important product sites are mainly influenced by water scarcity, soil erosion, biodiversity loss, etc. These factors have increased the demand for effective mining solutions and strong machinery.

Security and safety issues associated with the usage of heavy equipment are projected to impede the market's overall expansion. As the name implies, mining drilling machines are used for drilling activities at mining sites where the equipment must drill holes into the Earth's surface or rocks to recover mineral ores. The holes are wide than deep, and the drill bits are tailored to meet the mining requirements.

Mining drilling machines are also employed in the drilling of underground tunnels for improved extraction. A typical mining drilling machine comprises components such as a rock drill, feed apparatus, drilling rods, drill bit, supports beside the drilling response, a powerhouse, and mining disposal equipment. Mine drilling machines operate so that a rotating moment is applied to the drill bit, which then applies sufficient pressure to the Earth's surface to drill holes.

Mine drilling machines come in a variety of forms with replaceable drill bits. This makes selecting the proper drill bit simple while operating in a given zone. Mine drilling equipment is classified into three types such as drilling rigs, jumbos, and rock drill surface crawlers.

Every underground mining operation requires drilling equipment to bore deep, precise holes. Various mining drilling equipment on the market guarantee straight and steep holes in less time with little power loss. Further, automating intelligent technical developments that increase precision and speed may improve mining equipment.

Mining Drill Industry (From 2018 to 2022)

CAGR 4.60%
Mining Drill Market Size- 2018 US$ 2.626 billion
Mining Drill Market Size- 2022 US$ 3.144 billion

Mining Drill Industry (From 2023 to 2033)

CAGR 4.7%
Mining Drill Market Size– 2023 US$ 3.289 billion
Mining Drill Market Size- 2033 US$ 5.206 billion

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Mining Drill Demand Analysis (2018 to 2022) vs. Market Outlook (2023 to 2033)

The global demand for mining drills is projected to increase at a CAGR of 4.7% during the forecast period between 2023 and 2033, reaching a total of US$ 5.206 billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.60%.

Mining companies are investing in developing technology that might increase efficiency, boost automation, and make mining operations safe. They want to advance research and development spending for technological improvements such as cognitive computing and artificial intelligence (AI).

Mining corporations are rethinking their investment strategies to emphasize margins and cash flows while controlling costs and capital. They are also looking for partnerships with customers and rivals to share development expenses and launch new goods.

Integration with Internet of Things (IoT) technology is a prominent trend that competitors follow to deliver services like purchase-to-pay automation and sensing approaches. Moreover, companies are looking into ways to increase supply chain transparency.

Data analytics, for example, has been used to discover possibilities and improve supply chain efficiency and flexibility. For most firms, sharing data with suppliers, operators, and consumers via new tools and IT platforms is vital. As a result, firms' growth plans are not limited to mergers, acquisitions, and investments. They prioritize product portfolio optimization through smart acquisitions, expansions, and efficiency enhancements.

Key Drivers Propelling the Expansion of the Mining Drill Industry

Increasing Mining Activities in Emerging Economic Regions to Fuel Market Growth

The increased mining activities in the world's significantly rising economic regions are the primary drivers of the mine drilling machines market. As a result, drilling machines are being used extensively, replacing outdated equipment with new ones.

The current tendency is for fast and precise drilling operations. The market is seeking efficient mine drilling equipment to drill exact, straight, and clean holes using less energy. OEMs have planned research and development and associated product development initiatives in this respect.

The mine drilling machine market is likely to face minimal restraints due to the adoption of GTA, which does not promote any anti-environmental aspects and is predicted to discourage the ongoing operations and processes associated with the mining sector.

Another limitation is restricted mining owing to dwindling natural resources, which causes mineral processing businesses to reduce production and operations. This has undoubtedly influenced the mining business, which has, in turn, impacted the mining equipment market, limiting the expansion of mine drilling machines. The market finally slowed as a result of this.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Identifying Growth Constraints: Factors Impacting the Mining Drill Market

Environmental Issues in Mining Operations May Stymie the Market Growth

Increasing environmental concerns in mining activities are likely to slow growth. Mining is seen to be harmful to the environment. It has the potential to alter natural environments permanently. It can affect animals and habitats and pollute the air and groundwater.

According to the United States Environment Protection Act's NPL Abandoned Mine Land Sites and Cleanup Leads, 78 mining sites in the United States are sufficiently hazardous. Further, these mining sites have been designated as federal superfund sites.

The bulk of mining's disadvantages includes acid mine drainage, cyanide and mercury leakage in water streams, and air and water permit violations. The environmental weakness is expected to hinder market expansion.

Category- Wise Outlook

Segment Drilling Technique
Segment Name Rotary Mining Drill
Segment Share 37.80%
Segment Drill Fuel Used
Segment Name Liquid Filled
Segment Share 32.10%

Drilling Technique Revolution: Forecasting the Dominant Mining Drill Category

The Rotary Segment of the Mining Drill to Beat Competition in the Untiring Market

Based on a drilling technique, the global mining drill market is segmented into rotary, track, compact core, down-the-hole, and top hammer. The rotary segment is anticipated to dominate the market during the forecast period. Additionally, high versatility is estimated to compel segment growth. Rotary has several uses and may be utilized in various rock formations.

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Regional Outlook

Country Market CAGR (From 2023 to 2033)
China 4.20%
India 5.70%
The United Kingdom 5.40%

North America's Enduring Dominance in the Global Mining Drill Market

The Increasing Frequency of Coal Mining Projects to Fuel the Market Growth

The mining drill market in North America is expected to accumulate a market share of 19% in 2023. North America is predicted to account for a sizable proportion of worldwide mining drills and breakers.

The increase in coal mining projects provides considerable prospects for North America's mining drills and breakers market, particularly in the United States and Canada.

Rapid Advancement: The Current State of the Mining Drill Market in Asia Pacific

Development of the Economy and Great Automation of Building and Mining Operations to Fuel the Market Growth

The mining drill market in the Asia Pacific is expected to accumulate a significant market share of 15% in 2023 and is expected to continue to maintain the trend over the forecast period. Asia Pacific dominated the mining drills and breakers market due to the region's economic expansion and increased automation of construction and mining operations. Regional players, particularly in price-sensitive areas, emphasize cost-effective items above energy-efficient equipment.

Rising government funding for exploratory efforts in emerging nations is likely to boost regional demand. For example, to meet rising steel demand, the government of India intends to implement a new and dynamic steel strategy.

Economies such as India, Japan, and Australia are playing an important role in boosting their market share in the global minerals trade by supplying the growing demand for metals and minerals.

The Promising Future: Unraveling the Growth Trajectory of the Mining Drill Market in Europe

Significant Quantities of Minerals, Crude Oil, Gas, and Other Commodities to Accelerate Market Growth

The mining drill market in Europe is expected to accumulate a market share value of 23% in 2023. Europe’s mining sector is critical to the region's economic prosperity. Europe area has significant quantities of minerals, crude oil, gas, and other commodities.

There are several offshore crude oil and gas operations in the region. Russia's gold production is predicted to skyrocket during the next ten years. The mining drill industry is looking up in the next years.

Country Market Share (2023)
The United States 17.40%
Germany 10.30%
Japan 4.30%
Australia 1.80%

Strategic Marketing Tactics to Boost the Mining Drill Market for Manufacturers

To effectively promote the mining drill market, manufacturers can utilize various marketing tactics to reach their target audience and generate interest in their products. Here are the top marketing tactics they can use:

  • Content Marketing: Create valuable and informative content such as blog posts, articles, and whitepapers that highlight the benefits and applications of their mining drill products. Content marketing can position the manufacturer as an industry expert and attract potential customers searching for information.
  • Digital Advertising: Use targeted online advertising to reach a specific audience, such as mining companies, construction firms, and related industries. Google Ads, social media ads, and display ads can effectively reach potential customers actively looking for mining drill solutions.
  • Search Engine Optimization (SEO): Optimize the manufacturer's website and content to rank high in search engine results. SEO helps increase organic traffic to the website, making it easy for potential customers to find and engage with the brand.
  • Customer Testimonials and Case Studies: Share success stories and testimonials from satisfied customers who have used the mining drill products. Further, customer stories and case studies build trust and credibility, showing potential customers how the products can solve their drilling needs effectively.
  • Webinars and Online Demos: Host webinars or online demonstrations to showcase the features and benefits of the mining drill products. Also, interactive sessions can engage potential customers, address their questions, and provide a live experience of the products in action.

By leveraging these marketing tactics, manufacturers can effectively promote their mining drill products and stand out in a competitive market while reaching the right audience with targeted messaging.

The Startup Ecosystem: Key Players Paving the Way for Future Growth

  • Metso Outotec is a Finnish firm that provides end-to-end mining, aggregates, and metal refining solutions. The startup supports mining operations at every level, from plant design to equipment, components, and services. It also offers entire aggregate solutions and crushing and screening as a service. Metso Outotec's solutions enable centralized administration of mining operations, improving productivity and lowering costs.
  • Navigate Commodities, a company in Singapore is developing a data analytics platform for the metals and mining industries. The Navigator platform from the firm uses big data and analytics to give meaningful and data-driven business insight. Also, the visualization platform assists with strategic decision-making and risk management to optimize process workflow and enhance operational efficiency, lowering total costs.
  • STRYDE, a British firm, is developing a seismic imaging instrument for mining discovery. The STRYDE Receiver is a small, temperature-resistant, self-contained node with 4GB of geological data storage. The STRYDE System includes a backpack for receiver storage, a quick charging and download unit, and a handheld device for receiver deployment to handle the receivers. The imaging system developed by the business allows project managers to scan the Earth's subsurface cost-effectively.

Competitive Landscape

Prominent players in the mining drill market are Joy Global Inc., Sandvik AB, Caterpillar Inc., Metso Corporation, Atlas Copco AB, Komatsu Ltd., and Liebherr, among others. Manufacturers are forging partnerships with financial institutions to give better financing alternatives to customers. Many mining innovation ecosystems, such as the Canadian Mining Innovation Council (CMIC), promote industry-wide strategic cooperation.

Manufacturers are developing various ways to enhance machine operations as research and development spending increases. Further, manufacturers are introducing goods using GPS technology and other electronic control modules and database tools to differentiate their product offers.

Essential Mining Drill Manufacturers

  • Joy Global Inc.
  • Sandvik AB
  • Caterpillar Inc.
  • Metso Corporation
  • Atlas Copco AB
  • Komatsu Ltd
  • Liebherr
  • Epiroc
  • Boart Longyear
  • Doosan Corporation

Latest Developments

  • Sandvik Expands its Reach with Frezite Acquisition

In September 2022, Sandvik finalized its previously announced acquisition of Frezite in Portugal. Frezite's product portfolio comprises mostly made-to-order polycrystalline diamond (PCD) tools for metal and wood applications, with exposure to the automotive, general engineering, and aerospace markets. Walter, a Sandvik Manufacturing and Machining Solutions branch, might be in charge of the firm.

Key Segmentation

By Application:

  • Mining Drill Rigs
  • Mining Drill Jumbos
  • Rock Mining Drill Surface Crawlers

By Operation:

  • Diesel Operated Mining Drills
  • Battery/Electric Operated Mining Drills

By Drilling Technique:

  • Rotary Mining Drill
  • Track Mining Drill
  • Compact Core Mining Drill
  • Down-the-Hole Mining Drill
  • Tophammer Mining Drill

By Mounting:

  • Handhold Mining Drill
  • Pusherleg Mining Drill
  • Rig Mining Drill
  • Column & Bar Mining Drill
  • Carriage Mining Drill

By Drill Fluid Used:

  • Liquid Filled
  • Foam Filled
  • Air Filled

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Frequently Asked Questions

Which country is set to register exponential growth in the Mining Drill Market?

China may witness significant growth in the mining drill market.

What drives sales of Mining Drills?

Increasing demand for mineral exploration and extraction is expected to drive mining drill sales.

What key trends are driving the Mining Drill Market?

Technological advancements and increasing focus on automation are some of the key trends driving the mining drill market.

How was the historical performance of the Mining Drill Market?

The market recorded a CAGR of 4.6% in 2022.

What opportunities await for the Market Players?

Substantial investment in research and development and the expansion of the product portfolio may provide growth prospects for the market players.

Table of Content

1. Executive Summary

    1.1. Global MMarket Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. MMarket Overview

    2.1. MMarket Coverage / Taxonomy

    2.2. MMarket Definition / Scope / Limitations

3. MMarket Background

    3.1. MMarket Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent MMarket Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    5.1. Introduction / Key Findings

    5.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    5.3. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        5.3.1. Rigs

        5.3.2. Jumbos

        5.3.3. Rock Surface Crawlers

    5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operation

    6.1. Introduction / Key Findings

    6.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Operation, 2018 to 2022

    6.3. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Operation, 2023 to 2033

        6.3.1. Diesel Operated 

        6.3.2. Battery/Electric Operated

    6.4. Y-o-Y Growth Trend Analysis By Operation, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Operation, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drilling Technique

    7.1. Introduction / Key Findings

    7.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Drilling Technique, 2018 to 2022

    7.3. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Drilling Technique, 2023 to 2033

        7.3.1. Rotary

        7.3.2. Track

        7.3.3. Compact Core

        7.3.4. Down-the-Hole

        7.3.5. Tophammer

    7.4. Y-o-Y Growth Trend Analysis By Drilling Technique, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Drilling Technique, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Mounting

    8.1. Introduction / Key Findings

    8.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Mounting, 2018 to 2022

    8.3. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Mounting, 2023 to 2033

        8.3.1. Handhold

        8.3.2. Pusherleg

        8.3.3. Rig

        8.3.4. Column & Bar

        8.3.5. Carriage

    8.4. Y-o-Y Growth Trend Analysis By Mounting, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Mounting, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drill Fluid Used

    9.1. Introduction / Key Findings

    9.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Drill Fluid Used, 2018 to 2022

    9.3. Current and Future MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Drill Fluid Used, 2023 to 2033

        9.3.1. Liquid Filled

        9.3.2. Foam Filled

        9.3.3. Air Filled

    9.4. Y-o-Y Growth Trend Analysis By Drill Fluid Used, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Drill Fluid Used, 2023 to 2033

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical MMarket Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    10.3. Current MMarket Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Western Europe

        10.3.4. Eastern Europe

        10.3.5. South Asia and Pacific

        10.3.6. East Asia

        10.3.7. Middle East and Africa

    10.4. MMarket Attractiveness Analysis By Region

11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    11.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. U.S.

            11.2.1.2. Canada

        11.2.2. By Application

        11.2.3. By Operation

        11.2.4. By Drilling Technique

        11.2.5. By Mounting

        11.2.6. By Drill Fluid Used

    11.3. MMarket Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Application

        11.3.3. By Operation

        11.3.4. By Drilling Technique

        11.3.5. By Mounting

        11.3.6. By Drill Fluid Used

    11.4. Key Takeaways

12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    12.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Rest of Latin America

        12.2.2. By Application

        12.2.3. By Operation

        12.2.4. By Drilling Technique

        12.2.5. By Mounting

        12.2.6. By Drill Fluid Used

    12.3. MMarket Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Application

        12.3.3. By Operation

        12.3.4. By Drilling Technique

        12.3.5. By Mounting

        12.3.6. By Drill Fluid Used

    12.4. Key Takeaways

13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    13.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. U.K.

            13.2.1.3. France

            13.2.1.4. Spain

            13.2.1.5. Italy

            13.2.1.6. Rest of Western Europe

        13.2.2. By Application

        13.2.3. By Operation

        13.2.4. By Drilling Technique

        13.2.5. By Mounting

        13.2.6. By Drill Fluid Used

    13.3. MMarket Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Application

        13.3.3. By Operation

        13.3.4. By Drilling Technique

        13.3.5. By Mounting

        13.3.6. By Drill Fluid Used

    13.4. Key Takeaways

14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    14.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Poland

            14.2.1.2. Russia

            14.2.1.3. Czech Republic

            14.2.1.4. Romania

            14.2.1.5. Rest of Eastern Europe

        14.2.2. By Application

        14.2.3. By Operation

        14.2.4. By Drilling Technique

        14.2.5. By Mounting

        14.2.6. By Drill Fluid Used

    14.3. MMarket Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Application

        14.3.3. By Operation

        14.3.4. By Drilling Technique

        14.3.5. By Mounting

        14.3.6. By Drill Fluid Used

    14.4. Key Takeaways

15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    15.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Bangladesh

            15.2.1.3. Australia

            15.2.1.4. New Zealand

            15.2.1.5. Rest of South Asia and Pacific

        15.2.2. By Application

        15.2.3. By Operation

        15.2.4. By Drilling Technique

        15.2.5. By Mounting

        15.2.6. By Drill Fluid Used

    15.3. MMarket Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Application

        15.3.3. By Operation

        15.3.4. By Drilling Technique

        15.3.5. By Mounting

        15.3.6. By Drill Fluid Used

    15.4. Key Takeaways

16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    16.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. China

            16.2.1.2. Japan

            16.2.1.3. South Korea

        16.2.2. By Application

        16.2.3. By Operation

        16.2.4. By Drilling Technique

        16.2.5. By Mounting

        16.2.6. By Drill Fluid Used

    16.3. MMarket Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Application

        16.3.3. By Operation

        16.3.4. By Drilling Technique

        16.3.5. By Mounting

        16.3.6. By Drill Fluid Used

    16.4. Key Takeaways

17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    17.1. Historical MMarket Size Value (US$ Million) & Volume (Units) Trend Analysis By MMarket Taxonomy, 2018 to 2022

    17.2. MMarket Size Value (US$ Million) & Volume (Units) Forecast By MMarket Taxonomy, 2023 to 2033

        17.2.1. By Country

            17.2.1.1. GCC Countries

            17.2.1.2. South Africa

            17.2.1.3. Israel

            17.2.1.4. Rest of MEA

        17.2.2. By Application

        17.2.3. By Operation

        17.2.4. By Drilling Technique

        17.2.5. By Mounting

        17.2.6. By Drill Fluid Used

    17.3. MMarket Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Application

        17.3.3. By Operation

        17.3.4. By Drilling Technique

        17.3.5. By Mounting

        17.3.6. By Drill Fluid Used

    17.4. Key Takeaways

18. Key Countries Market Analysis

    18.1. U.S.

        18.1.1. Pricing Analysis

        18.1.2. MMarket Share Analysis, 2022

            18.1.2.1. By Application

            18.1.2.2. By Operation

            18.1.2.3. By Drilling Technique

            18.1.2.4. By Mounting

            18.1.2.5. By Drill Fluid Used

    18.2. Canada

        18.2.1. Pricing Analysis

        18.2.2. MMarket Share Analysis, 2022

            18.2.2.1. By Application

            18.2.2.2. By Operation

            18.2.2.3. By Drilling Technique

            18.2.2.4. By Mounting

            18.2.2.5. By Drill Fluid Used

    18.3. Brazil

        18.3.1. Pricing Analysis

        18.3.2. MMarket Share Analysis, 2022

            18.3.2.1. By Application

            18.3.2.2. By Operation

            18.3.2.3. By Drilling Technique

            18.3.2.4. By Mounting

            18.3.2.5. By Drill Fluid Used

    18.4. Mexico

        18.4.1. Pricing Analysis

        18.4.2. MMarket Share Analysis, 2022

            18.4.2.1. By Application

            18.4.2.2. By Operation

            18.4.2.3. By Drilling Technique

            18.4.2.4. By Mounting

            18.4.2.5. By Drill Fluid Used

    18.5. Germany

        18.5.1. Pricing Analysis

        18.5.2. MMarket Share Analysis, 2022

            18.5.2.1. By Application

            18.5.2.2. By Operation

            18.5.2.3. By Drilling Technique

            18.5.2.4. By Mounting

            18.5.2.5. By Drill Fluid Used

    18.6. U.K.

        18.6.1. Pricing Analysis

        18.6.2. MMarket Share Analysis, 2022

            18.6.2.1. By Application

            18.6.2.2. By Operation

            18.6.2.3. By Drilling Technique

            18.6.2.4. By Mounting

            18.6.2.5. By Drill Fluid Used

    18.7. France

        18.7.1. Pricing Analysis

        18.7.2. MMarket Share Analysis, 2022

            18.7.2.1. By Application

            18.7.2.2. By Operation

            18.7.2.3. By Drilling Technique

            18.7.2.4. By Mounting

            18.7.2.5. By Drill Fluid Used

    18.8. Spain

        18.8.1. Pricing Analysis

        18.8.2. MMarket Share Analysis, 2022

            18.8.2.1. By Application

            18.8.2.2. By Operation

            18.8.2.3. By Drilling Technique

            18.8.2.4. By Mounting

            18.8.2.5. By Drill Fluid Used

    18.9. Italy

        18.9.1. Pricing Analysis

        18.9.2. MMarket Share Analysis, 2022

            18.9.2.1. By Application

            18.9.2.2. By Operation

            18.9.2.3. By Drilling Technique

            18.9.2.4. By Mounting

            18.9.2.5. By Drill Fluid Used

    18.10. Poland

        18.10.1. Pricing Analysis

        18.10.2. MMarket Share Analysis, 2022

            18.10.2.1. By Application

            18.10.2.2. By Operation

            18.10.2.3. By Drilling Technique

            18.10.2.4. By Mounting

            18.10.2.5. By Drill Fluid Used

    18.11. Russia

        18.11.1. Pricing Analysis

        18.11.2. MMarket Share Analysis, 2022

            18.11.2.1. By Application

            18.11.2.2. By Operation

            18.11.2.3. By Drilling Technique

            18.11.2.4. By Mounting

            18.11.2.5. By Drill Fluid Used

    18.12. Czech Republic

        18.12.1. Pricing Analysis

        18.12.2. MMarket Share Analysis, 2022

            18.12.2.1. By Application

            18.12.2.2. By Operation

            18.12.2.3. By Drilling Technique

            18.12.2.4. By Mounting

            18.12.2.5. By Drill Fluid Used

    18.13. Romania

        18.13.1. Pricing Analysis

        18.13.2. MMarket Share Analysis, 2022

            18.13.2.1. By Application

            18.13.2.2. By Operation

            18.13.2.3. By Drilling Technique

            18.13.2.4. By Mounting

            18.13.2.5. By Drill Fluid Used

    18.14. India

        18.14.1. Pricing Analysis

        18.14.2. MMarket Share Analysis, 2022

            18.14.2.1. By Application

            18.14.2.2. By Operation

            18.14.2.3. By Drilling Technique

            18.14.2.4. By Mounting

            18.14.2.5. By Drill Fluid Used

    18.15. Bangladesh

        18.15.1. Pricing Analysis

        18.15.2. MMarket Share Analysis, 2022

            18.15.2.1. By Application

            18.15.2.2. By Operation

            18.15.2.3. By Drilling Technique

            18.15.2.4. By Mounting

            18.15.2.5. By Drill Fluid Used

    18.16. Australia

        18.16.1. Pricing Analysis

        18.16.2. MMarket Share Analysis, 2022

            18.16.2.1. By Application

            18.16.2.2. By Operation

            18.16.2.3. By Drilling Technique

            18.16.2.4. By Mounting

            18.16.2.5. By Drill Fluid Used

    18.17. New Zealand

        18.17.1. Pricing Analysis

        18.17.2. MMarket Share Analysis, 2022

            18.17.2.1. By Application

            18.17.2.2. By Operation

            18.17.2.3. By Drilling Technique

            18.17.2.4. By Mounting

            18.17.2.5. By Drill Fluid Used

    18.18. China

        18.18.1. Pricing Analysis

        18.18.2. MMarket Share Analysis, 2022

            18.18.2.1. By Application

            18.18.2.2. By Operation

            18.18.2.3. By Drilling Technique

            18.18.2.4. By Mounting

            18.18.2.5. By Drill Fluid Used

    18.19. Japan

        18.19.1. Pricing Analysis

        18.19.2. MMarket Share Analysis, 2022

            18.19.2.1. By Application

            18.19.2.2. By Operation

            18.19.2.3. By Drilling Technique

            18.19.2.4. By Mounting

            18.19.2.5. By Drill Fluid Used

    18.20. South Korea

        18.20.1. Pricing Analysis

        18.20.2. MMarket Share Analysis, 2022

            18.20.2.1. By Application

            18.20.2.2. By Operation

            18.20.2.3. By Drilling Technique

            18.20.2.4. By Mounting

            18.20.2.5. By Drill Fluid Used

    18.21. GCC Countries

        18.21.1. Pricing Analysis

        18.21.2. MMarket Share Analysis, 2022

            18.21.2.1. By Application

            18.21.2.2. By Operation

            18.21.2.3. By Drilling Technique

            18.21.2.4. By Mounting

            18.21.2.5. By Drill Fluid Used

    18.22. South Africa

        18.22.1. Pricing Analysis

        18.22.2. MMarket Share Analysis, 2022

            18.22.2.1. By Application

            18.22.2.2. By Operation

            18.22.2.3. By Drilling Technique

            18.22.2.4. By Mounting

            18.22.2.5. By Drill Fluid Used

    18.23. Israel

        18.23.1. Pricing Analysis

        18.23.2. MMarket Share Analysis, 2022

            18.23.2.1. By Application

            18.23.2.2. By Operation

            18.23.2.3. By Drilling Technique

            18.23.2.4. By Mounting

            18.23.2.5. By Drill Fluid Used

19. MMarket Structure Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. MMarket Share Analysis of Top Players

        19.3.1. By Regional

        19.3.2. By Application

        19.3.3. By Operation

        19.3.4. By Drilling Technique

        19.3.5. By Mounting

        19.3.6. By Drill Fluid Used

20. Competition Analysis

    20.1. Competition Deep Dive

        20.1.1. Joy Global Inc.

            20.1.1.1. Overview

            20.1.1.2. Product Portfolio

            20.1.1.3. Profitability by MMarket Segments

            20.1.1.4. Sales Footprint

            20.1.1.5. Strategy Overview

                20.1.1.5.1. MMarketing Strategy

                20.1.1.5.2. Product Strategy

                20.1.1.5.3. Channel Strategy

        20.1.2. Sandvik AB

            20.1.2.1. Overview

            20.1.2.2. Product Portfolio

            20.1.2.3. Profitability by MMarket Segments

            20.1.2.4. Sales Footprint

            20.1.2.5. Strategy Overview

                20.1.2.5.1. MMarketing Strategy

                20.1.2.5.2. Product Strategy

                20.1.2.5.3. Channel Strategy

        20.1.3. Caterpillar Inc.

            20.1.3.1. Overview

            20.1.3.2. Product Portfolio

            20.1.3.3. Profitability by MMarket Segments

            20.1.3.4. Sales Footprint

            20.1.3.5. Strategy Overview

                20.1.3.5.1. MMarketing Strategy

                20.1.3.5.2. Product Strategy

                20.1.3.5.3. Channel Strategy

        20.1.4. Metso Corporation

            20.1.4.1. Overview

            20.1.4.2. Product Portfolio

            20.1.4.3. Profitability by MMarket Segments

            20.1.4.4. Sales Footprint

            20.1.4.5. Strategy Overview

                20.1.4.5.1. MMarketing Strategy

                20.1.4.5.2. Product Strategy

                20.1.4.5.3. Channel Strategy

        20.1.5. Atlas Copco AB

            20.1.5.1. Overview

            20.1.5.2. Product Portfolio

            20.1.5.3. Profitability by MMarket Segments

            20.1.5.4. Sales Footprint

            20.1.5.5. Strategy Overview

                20.1.5.5.1. MMarketing Strategy

                20.1.5.5.2. Product Strategy

                20.1.5.5.3. Channel Strategy

        20.1.6. Komatsu Ltd

            20.1.6.1. Overview

            20.1.6.2. Product Portfolio

            20.1.6.3. Profitability by MMarket Segments

            20.1.6.4. Sales Footprint

            20.1.6.5. Strategy Overview

                20.1.6.5.1. MMarketing Strategy

                20.1.6.5.2. Product Strategy

                20.1.6.5.3. Channel Strategy

        20.1.7. Liebherr

            20.1.7.1. Overview

            20.1.7.2. Product Portfolio

            20.1.7.3. Profitability by MMarket Segments

            20.1.7.4. Sales Footprint

            20.1.7.5. Strategy Overview

                20.1.7.5.1. MMarketing Strategy

                20.1.7.5.2. Product Strategy

                20.1.7.5.3. Channel Strategy

        20.1.8. Epiroc

            20.1.8.1. Overview

            20.1.8.2. Product Portfolio

            20.1.8.3. Profitability by MMarket Segments

            20.1.8.4. Sales Footprint

            20.1.8.5. Strategy Overview

                20.1.8.5.1. MMarketing Strategy

                20.1.8.5.2. Product Strategy

                20.1.8.5.3. Channel Strategy

        20.1.9. Boart Longyear

            20.1.9.1. Overview

            20.1.9.2. Product Portfolio

            20.1.9.3. Profitability by MMarket Segments

            20.1.9.4. Sales Footprint

            20.1.9.5. Strategy Overview

                20.1.9.5.1. MMarketing Strategy

                20.1.9.5.2. Product Strategy

                20.1.9.5.3. Channel Strategy

        20.1.10. Doosan Corporation

            20.1.10.1. Overview

            20.1.10.2. Product Portfolio

            20.1.10.3. Profitability by MMarket Segments

            20.1.10.4. Sales Footprint

            20.1.10.5. Strategy Overview

                20.1.10.5.1. MMarketing Strategy

                20.1.10.5.2. Product Strategy

                20.1.10.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology

Recommendations

Industrial Automation

Drilling Tools Market

July 2023

REP-GB-17515

250 pages

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