At 7.4% CAGR, Mining Drills and Breakers Market to Cross $2.17 Billion by 2025

Allied Market Research recently published a report, titled, Mining Drills and Breakers Market by Machinery type (Drills and Breakers), Business (Original Equipment (OE) and After Sales), and Application (Metal Mining, Mineral Mining, and Coal Mining): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global mining drills and breakers market generated $1.22 billion in 2017, and is expected to reach $2.17 billion by 2025, growing at a CAGR of 7.4% from 2018 to 2025.

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Asia-Pacific to be lucrative through 2025

Among regions, the market in Asia-Pacific grabbed more than half of the market share and is likely to dominate the market through 2025. It would also achieve the fastest CAGR of 8.0% during the forecast period. Asia-Pacific is estimated to be the largest and fastest growing market, owing to rapid growth of mining industries in countries, such as China, Australia, and India.

The drill and breaker equipment are used for drilling earth surface and breaking stones in the mining industry. Drills and breakers include drill rigs, top hammer longhole drill rigs, in-the-hole longhole drill rigs, rock support drill rigs, secondary breaking drill rigs, surface top hammer drill rigs, surface down-the-hole drill rigs, rotary blasthole drill rigs, low profile rigs, rockpulse, and hydraulic breakers.

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Key players of the industry

Leading market players analyzed in the research include Boart Longyear, Caterpillar, Inc, Doosan Corporation, Energold Drilling Corp, Epiroc AB, Furukawa Co., Ltd., Geodrill Limited, Komatsu Ltd, Metso Corporation, and Sandvik AB. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Drills segment to lead in terms of revenue through 2025

Among machinery types, the drills segment was the largest in 2017, capturing 70.5% of the market share and would maintain its dominance through 2025. Increased mineral fertilizers for advanced agriculture has led to increased pace of mining activities for minerals such as potash, thereby fueling the demand for mining drills. However, the breakers segment would grow at the fastest CAGR of 8.1% through 2025, owing to the growing focus of manufacturers on technological advancements followed by increasing adoption of hydraulic breakers in mining activities.

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Highlights of the Report
o Competitive landscape of the Mining Drills and Breakers Market.
o Revenue generated by each segment of the Mining Drills and Breakers Market by 2025.
o Factors expected to drive and create new opportunities in the Mining Drills and Breakers Industry.
o Strategies to gain sustainable growth of the market.
o Region that would create lucrative business opportunities during the forecast period.
o Top impacting factors of the Mining Drills and Breakers Market.

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