Market Research Logo

Global Mining Drills Market 2017-2021

Global Mining Drills Market 2017-2021

About Mining Drills

A mining drill is a tool used for digging, drilling, and breaking rocky and hard surfaces for mining purposes. Mining is the method of extracting valuable metals, minerals, rocks or other geological materials from the earth in the form of vein, seam, reef, lode, orebody or placer deposits. These extracted materials form a mineralized packaged, which is profitable for the miner. Mining is done with the help of mining equipment, such as dozers, loaders, borers, mining drills, stationary and portable crushers, hydraulic pumps, dryers, feeders, conveyor belts, and compressors.

Technavio’s analysts forecast the global mining drills market to grow at a CAGR of 3.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mining drills market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global MIning Drills Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Boart Longyear
  • Caterpillar
  • Komatsu
  • Sandvik
Other prominent vendors
  • AARD Mining Equipment
  • CME
  • FURUKAWA
  • Guizhou Sinodrills Equipment
  • Mindrill Systems & Solutions
  • REVATHI EQUIPMENT
  • Rockdrill Services Australia
  • Rockmore International
  • Sulzer
  • TEI Rock Drills
Market driver
  • Expected increase in demand for precious metals
  • For a full, detailed list, view our report
Market challenge
  • Environmental regulations for mining activities
  • For a full, detailed list, view our report
Market trend
  • Automation in mining
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global MIning Drills Market 2017-2021

Technavio recognizes the following companies as the key players in the global mining drills market: Atlas Copco, Boart Longyear, Caterpillar, Komatsu, and Sandvik.

Other Prominent Vendors in the market are: AARD Mining Equipment, CME, FURUKAWA, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, REVATHI EQUIPMENT, Rockdrill Services Australia, Rockmore International, Sulzer, and TEI Rock Drills.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is automation in mining. Mining companies are exploring ways to reduce the cost and time associated with mining activities. The mining industry is transitioning toward automation. Automation not only helps in reducing the cost and time involved in mining operations, but also improves productivity and safety in mining sites, and helps streamline operations. With the help of automation, mine owners can collect data related to the performance of the mining equipment.”

According to the report, one driver in the market is expected increase in demand for precious metals. The demand for precious metals, such as platinum, gold, and diamond, is anticipated to rise during the forecast period. According to the World Bank estimates, crude oil prices are expected to reach pre-crisis levels, which is likely to result in a strong global economy. The strong global economy will drive the employment rate across various countries, resulting in an increase in disposable incomes globally. Increasing disposable incomes are anticipated to drive the demand for gold and silver, especially among the growing middle-class urban population. Most of this demand is expected to arise from developing nations, such as China and India, where the middle-class population is expected to grow substantially.

Further, the report states that one challenge in the market is environmental regulations for mining activities. Mining has many negative impacts on the environment, such as the formation of sinkholes, loss of biodiversity, soil erosion, land pollution, and erosion of exposed hillsides. In addition, mining affects the health of people residing near mining sites and leads to the contamination of groundwater and surface water. Also, mining activities disturb the wilderness area surrounding the mining site by causing disturbance and destruction to the ecosystem and habitats. Hence, mining companies worldwide are forced to comply with strict environmental regulations or even ban mining activities during a certain period of the year.

Companies Mentioned

Atlas Copco, Boart Longyear, Caterpillar, Komatsu, Sandvik, AARD Mining Equipment, CME, FURUKAWA, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, REVATHI EQUIPMENT, Rockdrill Services Australia, Rockmore International, Sulzer, and TEI Rock Drills.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Current and future prospects of global mining drills market 2016 and 2021
      • Table Current and future prospects of global mining drills market by types 2016 and 2021
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global mining equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global - Market size and forecast 2016-2021 ($ mn)
      • Table Global population growth 2010-2015
      • Table Global - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Surface mining drills - Market size and forecast 2016-2021
      • Table Surface mining drills - Market size and forecast 2016-2021 ($ mn)
      • Table Surface mining drills - Year-over-year growth 2017-2021 (%)
    • Underground mining drills - Market size and forecast 2016-2021
      • Table Underground mining drills - Market size and forecast 2016-2021 ($ mn)
      • Table Underground mining drills - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Types of mining drills
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ mn)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ mn)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ mn)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Interest rates on housing per annum in US, UK, Japan, Germany, and Australia.
      • Table Decreasing unemployment rate in US 2010-2016
    • Market challenges
  • Market trends
    • Automation in mining
    • Eco-efficient mining process
    • Environment-friendly mining activities
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
  • Vendor analysis
    • Vendors covered
    • Atlas Copco
    • Boart Longyear
    • Caterpillar
    • Komatsu
    • Sandvik
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report