openPR Logo
Press release

Mining Drill Bit Market Statistics 2020: Showcases Promising Growth by 2026

04-01-2020 04:15 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Mining Drill Bit Market Statistics 2020: Showcases Promising

Allied Market Research recently published a report, titled, "Mining Drill Bits Market by Type (Rotary Bits, DTH Hammers Bits, and Others), Material (Steel, Diamond, and Tungsten Carbide), Operation (Underground Drilling, and Surface Drilling), and Bit Size (Up to 150 mm, 151-200 mm, 201-250 mm, 251-300 mm, and Above 300 mm): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global mining drill bit industry was pegged at $1.15 billion in 2018 and is anticipated to reach $1.71 billion by 2026, growing at a CAGR of 5.1% from 2019 to 2026.

LAMEA to register fastest CAGR, followed by North America

The market across LAMEA is estimated the fastest CAGR of 6.6% during the forecast period, owing to increasing demand for mining drill bits as Peru and Brazil have huge reserve of minerals. Moreover, North America is expected to register a CAGR of 4.2% during the forecast period.

Download Sample PDF (350 Pages): https://bit.ly/2wT6Sd2

Underground drilling to portray fastest CAGR by 2026

The underground drilling is estimated to register the fastest CAGR of 5.7% through 2026, owing to increase in number of metal mining projected in Africa. However, the surface drilling segment accounted the highest share in 2018, contributing more than three-fifths of the global mining drill bit market

Key Findings of the Mining Drill Bits Market :
o Based on type, the rotary drill bits segment dominated the market, in terms of revenue in 2018 and is projected to grow at a CAGR 6.4% during the forecast period.
o Based on material, the diamond segment dominated the mining drill bits market in 2018.
o Asia-Pacific is projected to register the highest growth rate in the coming years.

Have Any Query? Ask our Research Experts: https://www.alliedmarketresearch.com/purchase-enquiry/6031

Major market players
o Brunner and Lay
o Changsha Heijingang Industrial Co., Ltd
o Caterpillar Inc.
o Mitsubishi Materials Corporation
o Epiroc AB
o Rockmore International, Sandvik
o Robit Plc
o Xiamen Prodrill Equipment Co., Ltd.
o Western Drilling Tools Inc

Explore Full Report:https://www.alliedmarketresearch.com/mining-drill-bits-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/

About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mining Drill Bit Market Statistics 2020: Showcases Promising Growth by 2026 here

News-ID: 1995121 • Views: 142

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Drill

Global Dental Drill Bits Market Research
The Global Dental Drill Bits Market Research advertise report gives authentic information along future estimate and point by point examination for Dental Drill Bits on a global and local dimension. In this report, the worldwide Dental Drill Bits advertise is esteemed at USD XX millions of every 2017 and is relied upon to reach USD XX million before the finish of 2025, developing at a CAGR of XX% somewhere in
Global Rock Drill Market Research Report 2018
In this report, the global Rock Drill market is valued at USD million in 2017 and is expected to reach USD million by the end of 2025, growing at a CAGR between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Rock Drill in these regions, from 2013 to 2025 (forecast), covering
Drill Pipes Market : Global Snapshot by 2022
OrbisResearch.com adds “Global Drill Pipes Market 2018-2022”new report to its research database. The report spread across 107 pages with table and figures in it. The drill pipe is a hollow tube made mostly of steel or aluminum, fitted with threaded ends called tool joints. The drill pipe connects the rig equipment at the surface with the bottom hole assembly (BHA) and bit. The drill pipe pumps drill fluids to the bit,
Drill Pipe Market Top Key Player- Drill Pipe International Llc. (USA), Hilong Gr …
Drill Pipe plays a crucial role in oil and gas exploration activities as they have to withstand enormous stress, load and heat during drilling operations. They are a critical part of the drilling operation as any failure can result in delays and operation and cost losses. Increasing investment in Oil exploration activities driving the growth of the market. Global oil and gas operators are stepping up the oil the gas
Global Nose Drill Sales Market Report 2017
In this report, the global Nose Drill market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Nose Drill for these regions, from 2012 to 2022 (forecast),
Drill Collar Market 2016 - 2024 - Analysis, Technologies
Global Drill Collar Market: Overview A drill collar is a tubular piece of a drill string or a thick walled tubular pipe, which is made of solid bars of steel. Generally, plain carbon steel is used to make drill collar but sometimes, alloys such as non-magnetic nickel copper alloys are also used. Drill collar is commonly used in drill string to apply force downward in order to efficiently break the rocks.