DTH Drill Market Revenue, Opportunity, Forecast and Value Chain 2018 to 2026(On the basis of product, the global DTH drill market is segmented into: Hammer Drill bits Others)
The DTH drill is commonly used in oil and gas exploration applications. It is a mini jack hammer that screws on the bottom of a drill string. It is used to break hard surfaces or rocks into small flakes. It is more advanced than the blast-hole drilling and its adoption is growing in end-use applications. The DTH drill comprises hammers, drill bits and other accessories. The DTH drill is also used at mines, and it helps in drilling big and deep holes for setting explosives.
The advantages of DTH drill is that the penetration level is doubled, and it reduces the operation cost and working hours as compared to the cable tool rig. DTH drill performs better with more precise bore-hole trajectory at depths greater than 35 feet. The other key advantage of the DTH drilling is that it is fuel efficient as compared to other technologies.
DTH Drill Market: Dynamics
The replacement of drifters with DTH drill hammers is expected to boost the sale of DTH drills and consequently drive the growth of the market. The major challenge for the growth of the DTH drill market is alternate advanced technologies such as top percussion drilling, which can drill uneven terrain relatively better than the DTH drill. This factor is projected to hamper the adoption of DTH drills.
The market for onshore power tools is currently witnessing a steady growth, which is supporting the manufacturers to manufacture DTH drills.
The advancements in DTH drill, for instance, deep boring with various mounting types, drill bits and hammers, are expected to positively impact the growth of the global DTH drill market. The advancement in ergonomics by offering less vibration during the drilling operation is also expected to contribute to the growth of the global DTH drill market.
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DTH Drill Market: Segmentation
The global DTH drill market can be segmented based on products, mounting type, depth, and application.
On the basis of product, the global DTH drill market is segmented into:
On the basis of mounting type, the global DTH drill market is segmented into:
On the basis of depth, the global DTH drill market is segmented into:
Less than 50 feet
51 – 100 feet
101 - 200 feet
200 – 300 feet
More than 300 feet
On the basis of application, the global DTH drill market is segmented into:
Oil and gas
DTH Drill Market: Regional Outlook
North America, followed by Asia, is expected to be the leading market for DTH drill. The oil and gas production operations are expected to witness robust growth as crude oil prices are recovering, which in turn will increase the investments for new oil and gas exploration and drilling operations. The growing demand for oil and gas is consequently expected to drive the growth of the market for DTH drill over the forecast period. Greenfield and brownfield onshore operations in the key oil producing countries, which were halted, are expected to gain momentum, which is expected to surge the adoption rate of DTH drill.
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Shale gas production is gaining traction in countries such as China, the U.S., Argentina, and Canada, which in turn will surge the sale of DTH drills over the forecast period. Manufacturers from the U.S., Germany, China, Canada, and the Scandinavian countries are focusing on gaining orders and contracts for new oil and gas exploration, construction and mining applications. These contracts consequently are expected to increase the adoption of DTH drills during the forecast period. Developing countries in Asia and Africa are projected to witness high growth in the global DTH drill market during the forecast period.
The growing number of construction activities in China, India, Indonesia, Thailand, Brazil and other Middle-East and African countries is expected to drive the growth of the DTH drill market in the countries and regions.
DTH Drill Market: Key Participants
Examples of some of the key market participants operating in the global DTH drill market are:
Numa Tool Company
Rock Drill Sales & Service, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, mounting type, products, depth, and application.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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