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Mining Drill Bits Market by Type, Material, Operation- 2026 | Business Outlook & Future Growth Prospects
Mining Drill Bits Market
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The global mining drill bits market size was valued at $1,145,000 thousand in 2018, and is projected to reach $1,711,800 thousand by 2026, growing at a CAGR of 5.1% from 2019 to 2026.
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)
The players in the mining industries are investing heavily in expanding their capacity to meet the increase in demand for metals and ores, owing to the growth of the automotive sector. For instance, in 2018, Atlas Copco acquired two companies Renegade Drilling Supplies Proprietary Ltd and Hy-Performance Fluid Power Pvt. Ltd., an Australian service provider for mining and infrastructure to expand its product portfolio of drilling consumables for mining exploration.
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Key Benefits for Mining Drill Bits Market :
The report provides an extensive analysis of the current and emerging mining drill bits market trends and dynamics.
In-depth mining drill bits market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global mining drill bits market forecast analysis from 2018 to 2026 is included in the report.
The key market players within mining drill bits market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mining drill bits industry.
Key Players
Brunner and Lay
Caterpillar Inc.
Changsha Heijingang Industrial Co., Ltd
Epiroc AB
Mitsubishi Materials Corporation
Robit Plc
Rockmore International, Sandvik
Western Drilling Tools Inc
Xiamen Prodrill Equipment Co., Ltd
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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