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2022
Mining Drills And Breakers Market

Mining Drills and Breakers Market

by Machinery Type (Drills and Breakers), Business (Original Equipment and Aftersales), and Application (Metal Mining, Mineral Mining and Coal Mining): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A04904
Pages: 267
Feb 2022 | 7995 Views
Author(s) : Aadarsh M, Amar C , Onkar S
Tables: 104
Charts: 90
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COVID-19

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The global mining drills and breakers market size was valued at $13,582.7 million in 2020, and is projected to reach $20,679.3 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. Mining drills and breakers are equipment that are used to drill holes and crush or break rocks in the ground for mining operations. Blasthole drills, rotary drills, and percussive drills are all types of mining drills. Mobile and stationary hydraulic breakers, as well as other rock breakers, are among the several types of breakers. Drills are typically used to drill holes in the ground surface into which explosives may be placed for blasting.

The COVID-19 outbreak has affected the growth of the mining drills and breakers industry owing to the lockdown measure in the countries and delay in production and manufacturing of mining drills and breakers which are utilized in mining.

Drill consists of air compressor, rod changer, mast, rotary head, dust ducting and drill pipes. Breaker consists of chambers, side rods, main valve, front cap and piston. Applications of breakers in the mining industry include rock demolition, trenching, and quarrying.  

Mining-Drills-and-Breakers-Market,-2021-2030

The mining drills and breakers rises owning to global expansion of underground and surface mining activities, which increases the demand for a wide range of drills and breakers. Furthermore, the expansion of mining drills and breakers market growth is fueled by an increase in demand for underground mining equipment. The surface is excavated and trash removed for ore and mineral mining, rocks are split into smaller pieces, and crushed further. The primary rock mining process necessitates the use of breakers, which drives the need for breakers in the mining industry. Furthermore, the increase in coal and metal mining operations is a prominent market driver globally.

Drills and breakers are predicted to expand in the future due to technological advancements such as optical micro cameras, infrared, sonic, and IoT. Similarly, artificial intelligence can help drills dig holes in a safe and effective manner, which is essential for mining operations. For instance, in December 2021, Sandvik agreed to acquire Deswik, the top and fastest-growing major provider of mine planning software located in Australia. This is expected to allow for more upstream mining coverage and end-to-end optimization solutions, such as introducing electrification at the mine development stage. This innovative technology intends to give high-quality and useful geological data to a variety of mining clients. It also aids drillers to capture three-dimensional, high-quality hole route data, allowing mining companies to target a variety of mineral deposits.

Mining Drills and Breakers Market
By Machinery Type

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Breakers segment is projected to grow at a significant CAGR

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To stay ahead of the competition and enhance their product portfolio, several manufacturers in the mining drills and breakers market use product development, product launch, and partnerships as important developmental methods. For instance, in January 2022, Boart Longyear introduced LM Deephole subsurface drilling rig. With the addition of a new PQ drill head, the new rig is expected to expand on the existing popular LM110 and Nitro-Chuck platforms. For NQ size, the drill is predicted to allow for a 50% improvement in drilling depth. Similarly, in August 2020, Caterpillar rolled out a new large-scale mining blasthole rig. The MD6380 is a big blasthole production drilling machine with a hole diameter range of 251-381 mm, a multi-pass hole depth of 39.5 m, and a single-pass hole depth of 19.8 m. It is designed for large blasthole production drilling. Such innovative products from the key players will provide growth opportunity in mining drills and breakers market.

The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic has halted the production of many products in the mining drills and breakers business due to the lockdown. Furthermore, the number of COVID-19 cases are expected to reduce in the near future as the vaccine for COVID-19 is introduced in the mining drills and breakers market. This has led to the reopening of mining drills and breakers companies at their full-scale capacities. This is expected to help the market recover by the start of 2022. After COVID-19 cases begin to decline, equipment & machinery producers are expected to focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Mining Drills and Breakers Market
By End User

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Metal Mining segment holds dominant position in 2020

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The mining drills and breakers market is segmented on the basis of machine type, application, business, and region. On the basis of machine type, the market is categorized into drills and breakers. On the basis of application type, it is fragmented into metal mining, mineral mining and coal mining. On the basis of business, it is categorized into original equipment and aftersales. On the basis of region, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

Key companies profiled in the mining drills and breakers market  report include Boart Longyear, Caterpillar, Inc., Doosan Corporation, Atlas Copco AB, Epiroc AB, Furukawa Co., Ltd., GEODRILL Limited, Komatsu Ltd., Metso Outotec Corporation and Sandvik AB.

Mining Drills and Breakers Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and is expected to grow at a significant rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging mining drills and breakers market  trends and dynamics.  
  • In-depth mining drills and breakers market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030. 
  • Extensive analysis of the mining drills and breakers market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global mining drills and breakers market forecast analysis from 2021 to 2030 is included in the report.
  • The key players within mining drills and breakers industry are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Mining drills and breaker industry. 

Mining Drills and Breakers Market Report Highlights

Aspects Details
BY MACHINERY TYPE
  • Drills
  • Breakers
BY BUSINESS
  • Original Equipment
  • Aftersales
BY APPLICATION
  • Metal Mining
  • Mineral Mining
  • Coal Mining
BY REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

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Emerging economies such as India, China, Latin America, and others are observing significant expansion in the global mining drills and breakers market. Furthermore, rise in demand for higher quality mining drills and breakers, as well as increase in the mining activities, are some of the primary factors that are expected to drive the mining drills and breakers market during the projection period. In addition, increase in demand for coal, particularly in emerging regions, is likely to fuel market expansion. However, rise in steel and iron prices, as well as shift in foreign exchange rates are expected to hamper the demand growth of the market during the forecast period.

Furthermore, the market is expected to develop as more hydraulic crushers are used in various mining operations as demand for artificial sand rises. Furthermore, greater safety, lower operational time, and high work accuracy are all important elements that drive demand for mining drills and breakers in the mining industry.

Various key companies focus on expanding the business and strengthen their market position. For instance, in January 2021, Komatsu expanded its business by establishing production plants in three locations across the U.S. Komatsu sites in Virginia, Duffield, Kentucky, Lebanon and Homer City, Pennsylvania re expected to deal with the production of mining equipment for underground mining. Such strategic moves act as a driver for the mining drills and breaker market and are predicted to provide a positive growth in the market during the forecast period.

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The mining drills and breakers equipment market size was valued at $13,582.70 million in 2020.

A. Based on machinery type, the drills segment holds the maximum market share of the mining drills and breakers equipment market in 2020.

A. The mining drills and breakers equipment market is projected to reach $20,679.30 million by 2030.

A. Increase in demand for metal mining and investments in the mining industries are the key trends in the mining drills and breakers equipment market.

A. The product launch is key growth strategy of mining drills and breakers equipment industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. Second-hand machinery and increase in raw material prices are the effecting factors for mining drills and breakers equipment market.

A. The application of mining drills and breakers equipment includes metal mining, mineral mining, and coal mining.

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