Rock Drilling Equipment Market By Product (Medium-Sized, Large-Sized, Heavy-Sized), By Manufacturer (OEM, Aftermarket), By End-use Industry (Mining, Construction): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

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.

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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

OEM
Aftermarket

By End-use Industry

Mining
Construction

By Region

North America
- U.S.
- Canada
- Mexico
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

Product Code: A311699

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

2.1. CXO Perspective

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