Auger Drilling Market - New Business Strategies and Technical Innovation combine to create Positive Impact in Industry

Global Auger Drilling Market - Snapshot

Increasing demand for drilling and boring from construction, mining, agriculture, and industrial sectors is expected to drive the global auger drilling market during the forecast period. Auger drilling is utilized in the construction of sewer lines and oil & gas pipelines in the construction sector. Auger drilling is primarily employed in sewer construction, as it helps accurately control the diameter of a sewer bore. Major customers of auger drilling machines in the construction sector are governments across the world. This technology is also utilized to mine coal, gold, and other minerals. Diesel or gasoline powered auger drills are generally used to extract coal and other minerals from the mine. Auger drilling is extensively employed in the mining sector owing to its low cost.

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The global construction output was valued at US$ 8.8 trillion in 2016 and is expected to reach US$ 10.1 trillion by 2021. Construction activities in emerging economies surpassed the advanced economies in 2014, and the difference is expected to further increase. The global construction industry witnessed expansion at a CAGR of 2.4% in 2016. The industry is expected to expand at a CAGR of 2.8% in the next five years. Improvement in existing infrastructure and roadways is anticipated to fuel the demand for auger drilling during the forecast period.

Various countries have developed rules and regulations for worker safety in hazardous environments. In the U.S., the Occupational Safety and Health Act (OSHA) is applied to the auger drilling industry. According to OSHA, market players operating in the auger drilling sector need to provide training to their employees working in this industry. The employees need to be made aware of all the health hazards they are likely to face during auger drilling. The employer must send personnel for periodic inspection of the actual job site, the condition of auger drilling machines, and soil condition. Moreover, the workers need to wear personal protective equipment and be made aware of the location of overhead power lines and the location of underground installation. The Ministry of Labor in Ontario, a state in Canada, has implemented Occupational Safety and Health Act (OSHA) for the auger drilling sector. Developed regions such as North America and Europe, and developed countries such as Japan have already implemented stringent health safety regulations for the auger drilling sector.

Asia Pacific accounted for a prominent share of the global market in terms of both value and volume. Rise in the number of infrastructural projects along with expansion of commercial and residential sectors is expected to boost the auger drilling market in Asia Pacific with a 6.9% CAGR from 2018 to 2026. The market in Middle East & Africa is projected to witness significant expansion owing to the consistent demand for auger drilling from both construction and mining sectors in the region. China accounted for a major share of the market in Asia Pacific. It accounted for more than 56% share in 2016. The construction industry is the core sector in the economy of China, and it has contributed significantly to the country’s economic growth. The 13th Five-year Plan for the Development of the Construction Industry is expected to reinforce project quality and safety management, streamline administration, and delegate powers in China.

Economic expansion in Europe is likely to be influenced by political issues in the region. The economy of Europe is expected to expand at a steady pace of 2% year-on-year. The U.K. is set to leave the EU in 2019, and the negotiations regarding how the U.K.is anticipated to exit is likely to strain ties between the members of the EU and the U.K. The Eastern Europe construction industry is projected to be relatively weak as compared to other regions, owing to the troubled state of the economy of Russia, political & economic uncertainty, and weak commodity prices. Delays in disbursement of EU funding have recorded sharp contractions in Hungary, Poland, and the Czech Republic.

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Manufacturers are focusing on developing new technologies in both continuous flight auger and bucket augers. Key players operating in the global auger drilling market include Liebherr-International AG, Marl Technologies Inc., Agromaster Agricultural Machinery, Terex Corporation, Little Beaver Inc., Premier Augers, Marl Technologies Inc., and Barbco Inc.

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This release was published on openPR.