Rotary Blast Hole Drilling Rig Market: Introduction
- A rotary blast hole drilling rig is used to create big blast holes into high benches across diverse applications including construction, oil & gas, demolition, mining, and recycling. Different regulatory organizations have established safety and quality standards regarding rotary blast hole drilling rigs. Rotary blast hole rigs are usually employed in rotary drilling at large quarries, open pit mines, petroleum extraction, and other fields.
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Key Drivers of the Global Rotary Blast Hole Drilling Rig Market
- Increasing demand from construction applications throughout the globe in commercial and residential sectors is anticipated to fuel the demand for rotary blast hole drilling rigs. Infrastructure and energy investments are expected to drive the expansion of commercial and residential buildings.
- Rotary drilling technology is used to mine coal, gold, and other minerals. Diesel or gasoline powered rotary blast hole drilling rigs are commonly used to extract coal and other minerals from a mine. A rotary hole drilling rig is extensively used in the mining sector due to its low cost and high operational speed.
Opportunities in the Global Rotary Blast Hole Drilling Rig Market
- Ongoing expansion of the surface mining industry is expected to offer lucrative opportunities for rotary blast hole drilling rigs during the forecast period. Moreover, digital transformation of mining operations is likely to drive the demand for advanced and innovative drilling equipment. Electric powered and autonomous rotary drill rigs are widely used by mining companies across the world to achieve optimum mining output within a short timeline and with low labor cost. As electric rotary drill rigs offer fuels savings, increased efficiency, and greater productivity, the segment is anticipated to expand at the highest CAGR during the forecast period.
Asia Pacific to Register Highest CAGR during the Forecast Period
- By region, the global rotary blast hole drilling rig market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
- Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast of the Europe market covers the rotary blast hole drilling rig market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast of the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast of the rotary blast hole drilling rig market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America rotary blast hole drilling rig market is categorized into Brazil, and Rest of South America.
- Large scale mining activities due to huge deposits of minerals in different countries such as India, China, Singapore, Myanmar, and Thailand, is driving the demand for rotary blast hole drilling rigs in Asia Pacific. Moreover, increasing construction spending to support ongoing urbanization, infrastructure development, and industrialization is likely to push the demand for rotary blast hole drilling rigs during the forecast period.
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Key Players Operating in the Global Market
Key companies are focused on the development of advanced products to meet evolving needs of end-use industries. Industry participants are investing in research and development projects to design automatic rotary drilling rigs with custom specifications. Furthermore, companies are opting for strategic partnerships with local companies and distributors to expand the business in untapped markets.
Some of the major companies identified in the global rotary blast hole drilling rig market are:
- Komatsu Mining Corp.
- Epiroc Group
- The Liebherr Group
- Sandvik AB
- Parker Drilling
- MASSENZA FU GIUSEPPE
- Herrenknecht AG
- Robit Plc
- Furukawa Rock Drill
- ROCKMORE International, Inc.
- Casagrande S.p.A.
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