The
global mining drills and breakers market is expected to
reach USD 17.03 billion by 2025, according to a new report by Grand View
Research, Inc. Factors such as changes in manufacturing techniques, including
the development of infrared, sonic, and optical micro cameras, to measure
parameters in a borehole; development of high-performance drill heads and core
bits have increased the feasibility of the mining equipment, thereby propelling
the industry growth.
The
increase in demand for underground mining equipment owing to proactive changes
in energy efficiency regulations by various governments across the globe is
contributing to the industry growth. Mining solutions based on the ongoing
requirements for energy efficiency, improved safety, and reduced environmental
impact are expected to positively affect the industry growth.
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| U.S. mining drills & breakers market, by product, 2014 - 2025 (USD Million) |
The
growing focus of consumers on their core processes and the increasing demand
for services are contributing to the growth of mining drills and breakers
market. Additionally, automation has gained prominence in the industrial manufacturing
and process industries, which is leading to reliable product quality, effective
processes, and high production volume. In an attempt to increase efficiency,
drilling contractors are also seeking to automate their process with the help
of remote controlling, automation, and robotics.
Furthermore,
mining companies are focusing on improving their safety and environmental
records, transferring the standards governing these aspects of production to
the equipment suppliers. These changes are expected to enhance productivity and
the quality of drills & breakers. Mine operators are seeking opportunities
for equipment that can operate in remote, deeper mines and efficiently handle
the declining ore grades, thereby placing emphasis on availability, enhanced
productivity, and cost optimization.
Browse full
research report on Mining Drills And Breakers Market: www.grandviewresearch.com/industry-analysis/mining-drills-and-breakers-market
Further key
findings from the report suggest:
- The hydraulic breakers segment is expected to
grow the fastest, registering a CAGR of over 10% from 2017 to 2025.
- The metal mining application is expected to
grow at a CAGR of over 9.5% owing to continuous growth and developments in
the construction, infrastructure, and automotive sectors.
- Asia Pacific is expected to be the
fastest-growing region. Favorable mining policies regarding exports of
metals and minerals are expected to impact the regional growth positively
over the next few years.
- The Middle East and Africa (MEA) region is
expected to contribute over 5% to the total revenue share by 2025. The
provision of incentives to investors in mineral-based manufacturing is
expected to further drive regional growth.
- Key
players in the industry include Metso Corporation, Komatsu Ltd.,
Caterpillar Inc., Sandvik AB, and Atlas Copco AB.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has segmented the mining drills & breakers market
into product, application, and region.
Mining
Drills & Breakers Product Outlook (Revenue, USD Million; 2014 - 2025)
- Rotary
drills
- Crawler
drills
- Rock
breakers
- Hydraulic
breakers
- Others
Mining
Drills & Breakers Application Outlook (Revenue, USD Million; 2014 - 2025)
- Metal
mining
- Mineral
mining
- Coal
mining
Mining
Drills & Breakers Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mining-drills-breakers-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.


