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Mining Drills & Breakers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6466
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Market Overview:
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.
Mining Drills & Breakers Market Trends:
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.
Key Market Segmentation:
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.
Breakup by Type:
- Drills
- Breakers
Breakup by Product:
- Rotary Drills
- Crawler Drills
- Rock Breakers
- Hydraulic Breakers
- Others
Breakup by Application:
- Metal Mining
- Mineral Mining
- Coal Mining
Breakup by Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftersales
Breakup by Region:
- 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
Competitive Landscape:
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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Product, Application, Sales Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global mining drills & breakers market was valued at US$ 15.7 Billion in 2022.
We expect the global mining drills & breakers market to exhibit a CAGR of 6.2% during 2023-2028.
The rising number of mineral exploration activities and the increasing demand for efficient mining solutions and powerful equipment, including mining drills and breakers, to withstand various challenges, such as water shortages and soil erosion, are primarily driving the global mining drills & breakers market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for mining drills and breakers.
Based on the type, the global mining drills & breakers market has been divided into drills and breakers, where drills currently exhibit a clear dominance in the market.
Based on the product, the global mining drills & breakers market can be categorized into rotary drills, crawler drills, rock breakers, hydraulic breakers, and others. Currently, rotary drills account for the majority of the global market share.
Based on the application, the global mining drills & breakers market has been segregated into metal mining, mineral mining, and coal mining. Among these, metal mining currently exhibits a clear dominance in the market.
Based on the sales channel, the global mining drills & breakers market can be bifurcated into Original Equipment Manufacturer (OEM) and aftersales. Currently, Original Equipment Manufacturer (OEM) holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global mining drills & breakers market include 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.
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