Borehole Equipment Market Comprehensive Analysis | Key Players - Bohrmeister (Pty) Ltd, Dando Drilling International, Borehole Machinery, Getech Equipment International, Audie Steel & Engineering, Glorytek Industry, Shandong Xin Mei Mining Equipment Group

The robust demand for metals, minerals, and oil & gas has led to the global borehole equipment market charting out a highly profitable growth path lately, and enrolling itself in the much-acclaimed multi-trillion dollar construction space. With the rising population worldwide, the requirement for residential and commercial establishments will only serve to upscale in the years ahead. In consequence, this would have a transformational impact on borehole equipment market trends, given the escalating deployment of these equipment for improving infrastructure facilities. Having identified the potential scope for these equipment in construction, prominent contractors have been deploying the same for infrastructural development and residential construction projects, thereby expanding the application terrain for the overall borehole equipment market.

MarketStudyReport.com Adds New Borehole Equipment Market 2017 – 2024 research report providing information and data By Product, By Operations, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 300 Pages with table and figures in it.

Some of the key industry manufacturers include Bohrmeister (Pty) Ltd., Dando Drilling International, Borehole Machinery and Getech International. Global industry share is highly fragmented owing to the presence of many service providers. Major services provided by the company include core logging, well logging and mud logging. Boart Longyear, Major Drilling, Foraco, Energold and Orbit Garant are some of the dominating industry players. Heavy R&D investments and technological innovations are some of the strategies adopted by the service providers of the market.

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North America accounted for more than 30% of the industry share in 2016. Upcoming large-scale mining projects coupled with increase in construction of high-rise buildings in New York will positively influence the North America borehole equipment market growth.

Borehole Equipment Market is estimated to exceed USD 27 billion by 2024; according to a new research report. Increase in infrastructure spending due to positive economic growth will drive overall borehole equipment market growth. Large scale infrastructure investment projects in Europe and MEA will influence industry demand.

Increasing mineral extraction in the U.S., Venezuela, Indonesia, Nigeria, China, and Canada are among the major factor contributing product penetration. Rising onsite processing necessities coupled with huge untapped hydrocarbon reserves in Mexico are projected to propel borehole equipment market growth.

Portable borehole equipment is projected to generate over USD 6 billion in revenue by 2024. Rising demand for mobile construction & mining equipment has enhanced the product demand. Benefits including easy transportability and performing task in remote locations are among the major influencing properties.

Mining will hold more than 60% of the industry share by 2024. Depletion of natural resources including minerals, coal and oil has encouraged the exploration, thus driving industry demand. Extensive excavation for geologically deposited substances, diamond, uranium and stones will propel the product demand in this segment.

Increased metal consumption including steel, aluminum, copper, nickel, lead, zinc and tin in several industries will propel the industry growth in APAC region. Strong demand for metal, particularly steel in numerous end-use industries including construction, energy, transport, packaging and appliances in emerging economies will stimulate business growth. Growing domestic demand for coal signifies a positive outlook for borehole equipment demand in China and India.

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Hydraulic operations will witness growth over 6% up to 2024. High load carrying capacities along with accuracy and ease in controlling are key properties driving product demand. Supplying constant torque and force during the operation both in mining and infrastructure makes the product highly demanding.

High demand for boring and exploration along with growing developments in mining sector are key factors supporting market growth. Machine upgradation along with shifting mining companies focus towards maximum productivity will offer lucrative business opportunities in the coming years.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Borehole Equipment Industry Insights
Chapter 4. Borehole Equipment Market, By Product
Chapter 5. Borehole Equipment Market, By Operation
Chapter 6. Borehole Equipment Market, By Application
Chapter 7. Borehole Equipment Market, By Region
Chapter 8. Company Profiles

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Outer Scope: For instance, recently, the headlines were ablaze with fact that the design for the tallest residential building has been unveiled. Called the ‘Central Park Tower, the building will be situated in New York and will stand at 1,550 feet. In yet another instance, Holliday Fenoglio Fowler, L.P. recently announced a funding of USD 341 million for the development of St. Regis Residences in Boston. The luxury waterfront condominium tower will be located on one of downtown Boston’s last developable waterfront parcels and will serve as an iconic landmark on the Boston skyline. The aforementioned instances validate the fact that residential and commercial construction projects are on an all-time high lately, that would commendably escalate the demand for construction equipment, in turn, expediting the vast expanse of the global borehole equipment market.

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