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Accuracy And Structural Integrity Remain The Hallmark Of Diamond Core Drilling In Construction Market Industry From 2019-2029
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Market Study on Diamond Core Drilling in Construction - Key Takeaways
• The Europe and East Asia markets for diamond core drilling in construction collectively accounted for half of the total revenue in 2018.
• The South Asian market is projected to record a CAGR of ~8% in the coming decade, given the rising demand for building & construction equipment for upcoming residential and commercial infrastructure projects.
• Rig operated diamond core drilling in construction is likely to account for relatively high sales in 2019 and beyond.
• Stitch drilling has been identified as the key drilling technique adopted by construction industry operators for their lower cost and power requirements.
• Although underwater drilling continues to witness slow adoption, it has been garnering traction for application in submerged conditions.
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How Stakeholders are Mapping the Road Ahead?
The global market for diamond core drilling in construction show a high level of competition, as high cost of raw material has restricted the entry of new players. Key players are focusing towards the ergonomics of machine handling, such as height of the operating handle, diameter of grippers, and others, in order to strengthen their position in the global market for diamond core drilling in construction. Considering continued urbanization and growing investment in infrastructural development in South Asia, stakeholders are viewing the region from target market perspective.
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