Borehole Equipment Market | Key Players - Bohrmeister (Pty) Ltd., Dando Drilling International, Borehole Machinery and More

MarketStudyReport.com offers 2017 report on global Borehole Equipment Market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Borehole Equipment Market is estimated to exceed USD 27 billion by 2024; according to a new research report.

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.

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.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/744113/?utm_source=open&utm_medium=Deepak

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.

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.

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.

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.
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.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/744113/?utm_source=open&utm_medium=Deepak

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.

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.

Borehole Equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2013 to 2024, for the following segments:

Borehole Equipment Market, By Product
• Portable borehole equipment
• Fixed borehole equipment

Borehole Equipment Market, By Operation
• Hydraulic
• Pneumatic
• Others (Electric, Mechanical)

Borehole Equipment Market, By Application
• Mining
• Mineral Mining
• Oil & Gas Mining
• Coal Mining
• Metal Mining

Infrastructure
• Industrial & Commercial
• Public Infrastructure
• Residential

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.