Top Hammer Drilling Tools Market: Introduction
- Top hammer drilling tools refer to those drilling rods which are used in construction, mining, or quarrying rock for drilling holes. These machines create a percussive force on the drill tubes or rods which is transmitted to the drill bit. The constant striking to the drill and its rotation speed enables the machine to drill holes into the hard rocks. Top hammer drilling combines with the drill and blast method, which makes the whole excavation process very efficient.
Key Drivers of the Global Top Hammer Drilling Tools Market
- Increasing demand for top hammer drilling due to its size, availability, and low cost of drilling rigs is a driving force that helps to boost the growth of the top hammer drilling tools market globally. Top hammer drilling tools are ideal for mining and underground operations; it can be taken to challenging locations, and drilling contractors make available machines at short notice as well. Top hammer drill rods are fast to set up and cost effective as compared to DTH which is also known as rotary drilling machine.
- Rising demand for top hammer drilling tools are because they are more suitable for narrow and short boreholes as they have a big impact on ground conditions. Top hammer method is preferred in tunnel forepoling, where ground condition is weak.
Factors Restraining the Global Top Hammer Drilling Tools Market
- As the top hammer drilling process moves down toward the end of the larger holes, its speed and efficiency is significantly impacted. Also, such processes result in large scale energy loss. These factors might hinder the demand for top hammer drilling tools as compared to down the hole drilling, which is more advantageous.
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Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global top hammer drilling tools market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the top hammer drilling tools market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the top hammer drilling tools market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America top hammer drilling tools market is segmented into Brazil, and Rest of South America.
- North America accounted for dominant share of the global top hammer drilling tools market due to easing of trade tensions and rising economic growth in the region. Ongoing infrastructure investments and smart city projects are fueling the growth of the top hammer drilling tools market in the North America region.
- The top hammer drilling tools market in Asia Pacific is projected to expand rapidly during the forecast period due to large scale investments & huge infrastructure developments in commercial and industrial sectors in emerging economies such as India and China. India offers opportunities for mining companies due to large scope for exploration of iron ore, bauxite, and coal. This is expected to drive the top hammer drilling tools market in this region.
Key Players Operating in the Global Market
Companies in the top hammer drilling tools market are focusing on enhancing their services and after-service strategies to provide value-added offerings to clients which will enhance their competitive advantage and enhance their market share globally. The main focus of companies is toward expansion of product portfolio by developing the right differentiated products to ensure long term customer loyalty.
A few of the key players operating in the global top hammer drilling tools market are:
- Atlas Copco AB
- Epiroc Canada Inc.
- Furukawa Rock Drill
- GEAX
- Jimco Equipment Corporation
- Jupiter Rock Drills
- Mincon Group PLC
- Sandvik AB
- Soilmec Spa
- Traxxon
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Global Top Hammer Drilling Tools Market: Research Scope
Global Top Hammer Drilling Tools Market, by Type
- Drill Bits
- Drill Rods
- Shank Adaptors
- Coupling Sleeves
- Integral Drill Steel
Global Top Hammer Drilling Tools Market, by Pressure
- Below 200 Bar
- 200 Bar – 500 Bar
- 500 Bar – 1000 Bar
- Above 1000 Bar
Global Top Hammer Drilling Tools Market, by Surface Type
- Dry Surface
- Wet Surface
Global Top Hammer Drilling Tools Market, by Maximum Bit Diameter
- Below 90 mm
- 90 mm – 120 mm
- Above 120 mm
Global Top Hammer Drilling Tools Market, by Application
- Mining
- Road Construction
- Tunnel Construction
- Residential and Commercial Building Construction
- Demolition Activities
Global Top Hammer Drilling Tools Market, by Sales Channel
- Direct Sales
- Indirect Sales
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
