The Global Rotary Blasthole Drilling Rig market was valued at $2.60 billion in 2017 and is projected to reach $3.50 billion by 2025, growing at a CAGR of 3.7%. The report provides insights on changing market dynamics, market size & estimations, top winning strategies, key segments, and leading market players.
Rotary blasthole drilling rigs are machines used in surface mining at quarries and open pit mines. The main purpose of blasthole drilling is to drill the rock to a certain depth and create blast holes for loading explosives. The precision in drilling blast holes to a particular depth and size is of utmost importance for a successful explosion of the mining area.
Top Companies in the Global Rotary Blasthole Drill Rigs Market:
Sunward Intelligent Equipment
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Rapid growth in construction activities in emerging countries such as India and China is anticipated to drive the overall rotary blast hole drilling rig market across the world. In addition, increasing investment by governments in infrastructure development plans which include road construction, railways, bridges, waterways, dams, and others is the key driver of the rotary blast hole drilling rig market. Other factors such as introduction of powerful rotary drill rigs and technological advancements are expected to accelerate the rotary blast hole drilling rig market during the forecast period. Besides the construction industry, rotary blast hole drilling rigs are expected to have huge opportunity in the oil and gas industry. However, rotary blast hole drilling rigs entail high installation cost and this is a restraining factor for the market.
Global Rotary Blasthole Drill Rigs Market Split By Product Type And Applications:
This report segments the global Rotary Blasthole Drill Rigs Market on the basis of Types are:
Small-range Drilling Rig
Mid-range Drilling Rig
Large-range Drilling Rig
On the basis of Application, the Global Rotary Blasthole Drill Rigs Market is segmented into:
New business opportunities and rising demand for Rotary Blasthole Drill Rigs market activates are the primary factors expected to drive the growth of the Rotary Blasthole Drill Rigs market in United States, EU, Japan, China, India, Africa, Southeast Asia are the major region leading the Rotary Blasthole Drill Rigs market.
Asia-Pacific to generate the highest revenue by 2025
Asia-Pacific garnered nearly one-third of the total revenue in 2017, and is expected to maintain its dominance by 2025, owing to availability of mineral and metal mines in abundance along with increase in demand for these machines in China. However, LAMEA is estimated to grow at the fastest CAGR of 4.7% during the forecast period, owing to the emergence of mining industry in the Latin America and Africa regions and surge in number of new construction activities.
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Key Benefits for Rotary Blasthole Drilling Rig Market:
The study provides an in-depth analysis of the global rotary blasthole drilling rig market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analyses on the market is included in the study.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the global rotary blasthole drilling rig market from 2017 to 2025 is provided to determine the market potential.
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