PUBLISHER: The Business Research Company | PRODUCT CODE: 1686049
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686049
Diamond core drilling is a method employed to extract cylindrical rock samples from the earth's subsurface, utilizing a drill bit tipped with diamonds. This process involves the rotation of the bit to cut through the rock, with the diamond edges facilitating efficient penetration. Diamond core drilling is extensively utilized in geology and exploration to obtain accurate and intact core samples for detailed geological analysis.
The primary types of diamond core drilling include hand-type drills and rig-operated drills. A hand-type drill is typically a manually operated tool powered by hand rotation, whereas rig-operated diamond core drilling involves more sophisticated equipment. Various drilling types within this method include rotary drilling and wireline drilling, with techniques such as stitch drilling, underwater diamond drilling, surface drilling, and underground drilling. Diamond core drilling finds applications in construction and mining industries.
The diamond core drilling market research report is one of a series of new reports from The Business Research Company that provides diamond core drilling market statistics, including diamond core drilling industry global market size, regional shares, competitors with diamond core drilling market share, detailed diamond core drilling market segments, market trends, and opportunities, and any further data you may need to thrive in the diamond core drilling industry. This diamond core drilling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The diamond core drilling market size has grown strongly in recent years. It will grow from $2.27 billion in 2024 to $2.44 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to mineral exploration boom, construction and infrastructure development, mining industry expansion, environmental regulations, geological surveys and research.
The diamond core drilling market size is expected to see strong growth in the next few years. It will grow to $3.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to renewable energy exploration, increased demand for rare earth elements, urbanization and infrastructure development, focus on deep sea mining, global water management. Major trends in the forecast period include technological advancements, environmental regulations and sustainability, automation and robotics.
The expansion of mining activities is poised to drive the growth of the diamond core drilling market in the coming years. Mining activities entail the extraction and processing of valuable minerals or geological materials from the earth to meet various industrial needs such as energy production and manufacturing. With the global demand for metals and minerals escalating due to factors such as economic growth and urbanization, mining operations are expanding to fulfill these requirements. Diamond core drilling emerges as a crucial technique in mining operations, offering precise and accurate drilling operations along with clean and well-defined core samples. These core samples find applications in mineral exploration, geotechnical investigations, environmental site assessments, and other sectors requiring high levels of precision. For example, according to data from the Australian Bureau of Statistics in May 2023, the mining industry experienced significant growth in key metrics during the fiscal year 2021-22. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 32.7% ($54.3 billion), following a 4.9% ($7.7 billion) increase in the previous fiscal year. Additionally, mining industry value-added (IVA) saw substantial growth, increasing by 29.5% ($64.6 billion) after a 4.4% ($9.2 billion) upturn in 2020-21. This growth underscores the robust expansion of mining activities, contributing to the demand for diamond core drilling technologies.
Leading companies in the diamond core drilling market are concentrating on advancements in drilling products, such as high-efficiency core drilling systems, to deliver powerful, efficient, and user-friendly solutions for large-diameter drilling applications. A high-efficiency core drilling system is a specialized tool designed to extract cylindrical samples from various materials with maximum precision while minimizing energy consumption. For example, in August 2024, AGP Power Tools, a power tools manufacturer based in Taiwan, introduced the AGP DM20 High-Frequency Coring Motor and QS600 Drill Stand. This new product features high-frequency motor technology along with an integrated digital interface, allowing for extensive speed control without the need for gears, and it operates on single-phase power for easy use on job sites. With its advanced efficiency and the quick-release QS600 drill stand, this system offers a powerful and user-friendly solution for large-diameter coring, ensuring enhanced convenience and strength.
In April 2022, Husqvarna Group, a renowned provider of cutting equipment and diamond tools for the construction and stone industries based in Sweden, acquired Heger for an undisclosed sum. This strategic move is designed to bolster Husqvarna's presence in the diamond tool market for professional contractors in Central Europe. Heger, headquartered in Germany, is a prominent manufacturer of diamond tools.
Major companies operating in the diamond core drilling market are Robert Bosch GmbH, Atlas Copco AB, Sandvik AB, Hilti Corporation, Husqvarna AB, Epiroc AB, Granite Construction Inc., Tyrolit Group, Boart Longyear Ltd., Milwaukee Electric Tool Corporation, Shibuya Company Ltd., Master Drilling Group Ltd., Mincon Group PLC, Ramset, Di-Corp, B+Btec GmbH, Rockdril, Albert Roller GmbH, DUSS Maschinenfabrik GmbH & Co. KG, Eibenstock Positron Elektrowerk Pvt, Geomachine Oy, LISSMAC Maschinenbau GmbH, WEKA Elektrowerkzeuge KG, MASSENZA Drilling Rigs Srl, Controls S.p.A, KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH, APC Drilling & Constructions Private Limited, Golz GmbH
Asia-Pacific was the largest region in the diamond core drilling market in 2024. The regions covered in the diamond core drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the diamond core drilling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The diamond core drilling market consists of sales of diamond core drilling machines, diamond core bits, drill rods, drilling fluids and additives and diamond core drill bits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Diamond Core Drilling Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on diamond core drilling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for diamond core drilling ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The diamond core drilling market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.