Diamond Core Drilling In Construction Market is expected to surpass revenues worth US$ US$ 990 Million by 2029

Diamond Core Drilling In Construction Market

the Global market for diamond core drilling in construction is estimated to reach a value of ~US$ 990 Million by 2029-end and Recording a CAGR of 8% during the forecast period of 2023-2029, The growth of the market is driven by factors such as increasing construction activities, rising demand for energy-efficient buildings, and the growth of the infrastructure industry.

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Diamond core drilling is a method used in construction to make precise and circular cuts into concrete, masonry, and other building materials. The process is often used to create holes for electrical and plumbing services, as well as for core samples in geotechnical applications.

Superior features and advantages of diamond core drilling in construction activities such as enhanced accuracy, light-weight & quieter operations, and low dust generations as compared to prevailing conventional drilling technologies are some of the key parameters offering significant impetus to the market growth. With increasing demand for tools with minimum operational complexities and high accuracy, the global market for diamond core drilling in construction is projected to witness robust growth in the coming years.

Key Companies- 

• Hilti Corporation
• Atlas Copco (India) Ltd.
• WEKA Elektrowerkzeuge KG
• Robert Bosch GmbH
• Elektrowerkzeuge GmbH Eibenstock
• Milwaukee Tool
• Husqvarna AB
• Husqvarna AB
• Controls S.p.A.
• KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH
• Shibuya Company, Ltd.

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How Stakeholders are Mapping the Road Ahead?

The global market for diamond core drilling in construction show a high level of competition, as high cost of raw material has restricted the entry of new players. Key players are focusing towards the ergonomics of machine handling, such as height of the operating handle, diameter of grippers, and others, in order to strengthen their position in the global market for diamond core drilling in construction. Considering continued urbanization and growing investment in infrastructural development in South Asia, stakeholders are viewing the region from target market perspective.

The introduction and implementation of cutting-edge tools have played an important role in the growth of the global construction industry. Innovative techniques such as diamond core drilling in construction have suffice the growing need for safety and higher productivity, and the trend is likely to continue in the years ahead.

Product Types: The diamond core drilling in construction market can be segmented into hand-held and rig-mounted systems. The hand-held segment is expected to account for the largest share of the market due to its ease of use and portability.

Applications: The diamond core drilling in construction market can be segmented into residential, commercial, and industrial applications. The commercial segment is expected to dominate the market due to the increasing demand for energy-efficient buildings and the growing infrastructure industry.

Regional Analysis: The global diamond core drilling in construction market can be segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to account for the largest share of the market due to the growing construction industry and increasing demand for energy-efficient buildings in the region.

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Market Study on Diamond Core Drilling in Construction - Key Takeaways

• The Europe and East Asia markets for diamond core drilling in construction collectively accounted for half of the total revenue in 2018.
• The South Asian market is projected to record a CAGR of ~8% in the coming decade, given the rising demand for building & construction equipment for upcoming residential and commercial infrastructure projects.
• Rig operated diamond core drilling in construction is likely to account for relatively high sales in 2019 and beyond.
• Stitch drilling has been identified as the key drilling technique adopted by construction industry operators for their lower cost and power requirements.
• Although underwater drilling continues to witness slow adoption, it has been garnering traction for application in submerged conditions.

"Significant growth of the global market for diamond core drilling in construction has been weighing on a same scale as ongoing investments in infrastructural development across the globe. With cloud swirling around automation and digitalization of construction activities, market players are targeted towards modernized equipment, providing operational as well as cost efficiency," says the PMR analyst.

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