PUBLISHER: IMARC | PRODUCT CODE: 1370485
PUBLISHER: IMARC | PRODUCT CODE: 1370485
The global mining drills & breakers market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Mining drills and breakers are mining equipment used to drill holes or crush rocks on the surface of a coalbed. These drills comprise an air compressor, rod changer, mast, rotatory head, dust ducting, and drill pipes, while breakers comprise chambers, side rods, main valve, front cap, and piston. They are used to extract new mineral deposits, such as clay, rock, limestone, sulfur, salts, and fertilizer minerals. They are also employed to obtain detailed information about rock types, rock fabric, mineral content, and the relationship between the rock layers and the surface.
At present, there is a rise in mineral exploration activities due to the presence of several mineral reserves across the globe. This, along with the burgeoning mining industry, represents one of the key factors driving the market. Besides this, the growing demand for efficient mining solutions and powerful equipment to withstand various challenges, such as water shortages, soil erosion, and loss of biodiversity, is offering a positive market outlook. In addition, key market players are extensively investing in research and development (R&D) activities to integrate advanced technologies in mining equipment, such as cognitive computing and artificial intelligence (AI). They are also focusing on offering enhanced efficiency, improved automation, and safer mining operations, which is positively influencing the market. Moreover, the increasing integration of the internet of things (IoT) technology in mining drills and breakers to provide services, such as purchase-to-pay automation and sensing techniques, is contributing to the growth of the market. Apart from this, the rising utilization of backhoe loaders and excavators for transportation of building material, construction, small demolitions, excavation, digging trenches and holes, breaking asphalt, paving roads, and land scaring is bolstering the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mining drills & breakers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product, application and sales channel.
Drills
Breakers
Rotary Drills
Crawler Drills
Rock Breakers
Hydraulic Breakers
Others
Metal Mining
Mineral Mining
Coal Mining
Original Equipment Manufacturer (OEM)
Aftersales
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco AB, Boart Longyear, Casagrande S.p.A., Caterpillar Inc., Doosan Corporation, Epiroc AB, Furukawa Co. Ltd., Geodrill Limited, Komatsu Ltd., Sandvik AB and Soosan Heavy Industries Co. Ltd.