Mining Drills and Breakers

Global Mining Drills and Breakers Market to Reach US$22.5 Billion by 2030

The global market for Mining Drills and Breakers estimated at US$16.5 Billion in the year 2024, is expected to reach US$22.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Rotary Drills, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Hydraulic Breakers segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.4 Billion While China is Forecast to Grow at 7.9% CAGR

The Mining Drills and Breakers market in the U.S. is estimated at US$4.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Mining Drills and Breakers Market - Key Trends and Drivers Summarized

How Are Mining Drills and Breakers Transforming the Mining Industry?

Mining drills and breakers are essential tools used in the mining industry for excavation, exploration, and extraction processes. These machines are designed to break down hard materials like rock and ore, making them vital for mining operations involving coal, metallic minerals, and precious stones. The adoption of advanced mining drills and breakers has been instrumental in improving mining efficiency and reducing operational costs. With the increasing demand for minerals and metals, the market for these tools is witnessing significant growth, driven by the need for higher productivity and technological advancements in mining equipment. The industry offers a range of mining drills, such as rotary drills, percussive drills, and down-the-hole (DTH) drills, each suited for different types of mining activities. Breakers, on the other hand, come in various forms, including hydraulic and pneumatic breakers, which are used to crush rock during mining and quarrying operations. The integration of automation and remote-control capabilities in modern drilling and breaking equipment is enabling mining companies to carry out operations more safely and efficiently, especially in harsh and hazardous environments.

What Technological Innovations Are Shaping the Mining Drills and Breakers Market?

Technological innovations in mining drills and breakers are enhancing their performance and safety features. The advent of automation and the incorporation of IoT technologies are revolutionizing how mining equipment operates. Automated drills equipped with AI and machine learning algorithms can perform drilling operations with higher precision and minimal human intervention, which reduces the risk of accidents. Additionally, smart sensors and real-time data analytics are being used to monitor equipment health, predict maintenance needs, and optimize drilling performance. Another trend shaping the market is the development of electric-powered drilling and breaking equipment. These machines offer a more environmentally friendly alternative to traditional diesel-powered equipment by reducing carbon emissions and operating costs. Innovations in hydraulic technologies are also improving the power and efficiency of breakers, allowing them to handle larger and tougher materials. These advancements are making mining operations safer, more efficient, and less environmentally impactful.

How Do Market Segments Define the Growth of Mining Drills and Breakers?

Product types include rotary drills, DTH drills, and top hammer drills, with rotary drills being the most widely used due to their versatility and effectiveness in hard rock mining. Breakers can be classified into hydraulic, pneumatic, and electric breakers, with hydraulic breakers accounting for the largest market share because of their power and efficiency. Applications of mining drills and breakers extend across metal mining, coal mining, and mineral mining. Metal mining represents a significant share of the market due to the increasing demand for metals like gold, copper, and iron ore. Coal mining also accounts for a considerable portion of the market, particularly in countries where coal is a primary source of energy. End-users of mining drills and breakers include mining companies, quarry operators, and contractors involved in construction and infrastructure development.

What Factors Are Driving the Growth in the Mining Drills and Breakers Market?

The growth in the mining drills and breakers market is driven by several factors, including the rising demand for minerals and metals, technological advancements in drilling equipment, and the expansion of mining activities. As the global demand for commodities such as gold, copper, and iron ore increases, mining companies are investing in advanced drilling and breaking equipment to improve productivity. The shift towards automated and electric mining equipment is also contributing to market growth by enhancing operational efficiency and reducing environmental impact. Additionally, the growing adoption of hydraulic breakers and the incorporation of IoT technologies in equipment maintenance and monitoring are driving the market forward.

SCOPE OF STUDY:

The report analyzes the Mining Drills and Breakers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Rotary Drills, Hydraulic Breakers, Rock Breakers, Crawler Drills, Other Products); Business (Aftermarket, OEM); Application (Metal Mining, Coal Mining, Mineral Mining)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 38 Featured) -

• Boart Longyear
• Caterpillar, Inc
• Doosan Corporation
• Energold Drilling Corp
• Epiroc AB
• Furukawa Co., Ltd
• Geodrill Limited
• Komatsu Ltd
• Metso Corporation
• Sandvik AB

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.