Rotary Blasthole Drilling Rig Market

Key Insights

The Global Rotary Blasthole Drilling Rig Market is valued at USD 3.626216913 Billion in 2023 and is projected to reach a value of USD 4.53 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 2.8% between 2024 and 2032.

Definition And Overview

Rotary Blast Hole drills are designed to drill clean holes of 6 1/4 inch (159mm) to 9 inches (229mm) diameter to a maximum depth of 120 ft (36.5m) using 30 ft (9m) long rods and 160 ft (48m) using 40 ft (12m) long rods.

The Global Rotary Blasthole Drilling Rig Market is segmented based on by Type, Application, Regions, and Countries. This report provides an analysis of the Global Rotary Blasthole Drilling Rig Market for the historic period of 2019–2022 and forecasts for 2023–2032 while 2022 is considered as a base year for estimations. The report covers exhaustive analysis on the global Rotary Blasthole Drilling Rig industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2019 to 2022 with forecast from 2023 to 2032.

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long-term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

• The rise in technological advancements and introduction of various powerful rotary tricone drill rigs are expected to supplement the market growth in the years to come. Moreover, government and other communication groups have focused on increasing the coverage of railroad and roadways, through different geographical areas.
• The rise in construction and infrastructure activities is anticipated to augment the growth of the market over the forecast period.
• The weak regulatory framework is anticipated to limit the growth of the market over the forecast period.

Product Analysis Preview

Type Analysis: Preview

On the basis of Type, the market is segmented into Large-range Drilling Rig, Mid-range Drilling Rig, Others. Large-Range Drilling Rig held the highest share in the Global Rotary Blasthole Drilling Rig Market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Application Analysis: Preview

Based on Application, the market is segmented into Quarries, Open Pit Mining, Others. Open Pit Mining accounted for the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

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Report Coverage & Deliverables

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• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis Preview

Based on region, the Global Rotary Blasthole Drilling Rig Market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Rotary Blasthole Drilling Rig Market is anticipated to rise over the forecast timespan.

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the Global Rotary Blasthole Drilling Rig Market are CAT, Schramm, Atlas Copco, Sandvick, KAMA, Sinosteel HYMC, FURUKAWA, Joy.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

The Global Rotary Blasthole Drilling Rig Market can be categorized as Type, Application, End-Use Industry, and Region.