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Rotary Blasthole Drilling Rig Market Report by Type (Large-range Drilling Rig, Mid-range Drilling Rig, and Others), Power (Electric, Diesel, Hybrid), Application (Quarries, Open-Pit Mining, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6487
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Market Overview:
The global rotary blasthole drilling rig market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.61% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
|
| Market Size in 2023 | US$ 2.8 Billion |
| Market Forecast in 2032 | US$ 3.9 Billion |
| Market Growth Rate (2024-2032) | 3.61% |
A rotary blasthole drilling rig is a machine that creates holes in the surface of the earth. It is a massive structure housing equipment used to drill water, oil, and natural gas extraction wells. It is easy to install and relocate while allowing greater operational flexibility due to its lightweight modular design. It is self-propelled and equipped with computer operating systems to enhance productivity. It is more eco-friendly and generates lesser vibrations and noise compared to conventional drilling rigs. It is employed to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels, or wells. It assists in drilling mud, controlling hole pressures, stabilizing the hole wall, and removing drill cuttings.
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Rotary Blasthole Drilling Rig Market Trends:
At present, the growing utilization of rotary blasthole drilling rigs in rotary drilling at large quarries, open pit mines, petroleum extraction, and other fields represents one of the key factors driving the market. Besides this, rising construction activities in commercial and residential sectors across the globe, along with the expanding construction industry, are contributing to the growth of the market. In addition, the growing employment of diesel or gasoline-powered rotary blasthole drilling rigs to mine coal, gold, and other minerals is offering a positive market outlook. Moreover, the increasing demand for rotary blasthole drilling rigs in the mining sector due to their low cost and high operational speed is offering lucrative growth opportunities to industry investors. Apart from this, key players currently operating in the industry are extensively investing in research and development (R&D) activities to introduce autonomous rotary drill rigs for offering optimum mining output within a short timeline and with low labor costs. Additionally, governments of several countries are focusing on developing road and railway infrastructure, which 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 rotary blasthole drilling rig market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, power and application.
Breakup by Type:
- Large-range Drilling Rig
- Mid-range Drilling Rig
- Others
Breakup by Power:
- Electric
- Diesel
- Hybrid
Breakup by Application:
- Quarries
- Open-Pit Mining
- Others
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 Bauer AG, Caterpillar Inc., Epiroc AB, Komatsu Ltd., Liebherr Group, Nanchang Kamach Mining Co. Ltd., Sandvik AB, Schramm Inc. and Sunward Intelligent Equipment Co. Ltd.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Power, Application, 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 | Bauer AG, Caterpillar Inc., Epiroc AB, Komatsu Ltd., Liebherr Group, Nanchang Kamach Mining Co. Ltd., Sandvik AB, Schramm Inc. and Sunward Intelligent Equipment Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| 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 rotary blasthole drilling rig market was valued at US$ 2.8 Billion in 2023.
We expect the global rotary blasthole drilling rig market to exhibit a CAGR of 3.61% during 2024-2032.
The increasing demand for rotary blasthole drilling rigs, as they are more eco-friendly and generate lesser vibrations and noise as compared to conventional drilling rigs, is primarily driving the global rotary blasthole drilling rig 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 end-use industries for rotary blasthole drilling rigs.
Based on the type, the global rotary blasthole drilling rig market has been segmented into large-range drilling rig, mid-range drilling rig, and others. Among these, large-range drilling rig currently holds the majority of the total market share.
Based on the application, the global rotary blasthole drilling rig market can be divided into quarries, open-pit mining, and others. Currently, open-pit mining exhibits a clear dominance in the market.
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 rotary blasthole drilling rig market include Bauer AG, Caterpillar Inc., Epiroc AB, Komatsu Ltd., Liebherr Group, Nanchang Kamach Mining Co. Ltd., Sandvik AB, Schramm Inc., and Sunward Intelligent Equipment Co. Ltd.
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