Press release
Diamond Core Drilling Market is expected to reach US$ 1.7 Bn by 2029-end|Key Players- Hilti Corporation, Husqvarna AB and more
Diamond Core Drilling Market 2022
The global market for diamond core drilling in construction is anticipated to reach a value of US$ 1.7 Bn by 2029-end, recording a CAGR of 8% over the 2019-2029 forecast period.
Diamond Core Drilling in Construction Market Segmented By Hand Held, Rig Operated with Stitch Drilling, Underwater Diamond Drilling Technique. Diamond core drilling is a popular method for obtaining samples of earth materials. Diamond core drilling involves using a diamond-tipped drill bit to cut through the Earth's surface and collect cores or samples from depth below the Earth's surface. Diamond core drilling is commonly used in mining, geotechnical engineering, construction, exploration activities and other industries that require taking soil and rock samples from deep inside the ground.
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The Diamond Core Drilling Market has been experiencing significant growth in recent years due to increasing demand for high quality geologic information. This increase in demand is driven by increasing investments in mineral exploration projects as well as infrastructure development initiatives around the world. Diamond core drilling provides an efficient way to obtain accurate data quickly while also ensuring reliability and accuracy. Diamond core drilling is especially beneficial for mineral exploration as it can provide geologic information from depths that are not accessible with other sampling techniques.
The Diamond Core Drilling Market is projected to continue growing in the coming years due to increased demand from industries such as mining, oil and gas, construction and engineering. The market features many different types of diamond core drill bits in order to meet the needs of different applications. In addition, market players have been investing heavily in research and development in order to develop more efficient and accurate methods of obtaining geologic information through diamond core drilling.
Overall, the Diamond Core Drilling Market is expected to remain a highly profitable industry over the coming years due to its increasing popularity and uses.
Key Players-
• Hilti Corporation
• Atlas Copco (India) Ltd.
• WEKA Elektrowerkzeuge KG
• Robert Bosch GmbH
• Elektrowerkzeuge GmbH Eibenstock
• Milwaukee Tool
• Husqvarna AB
• Husqvarna AB
• Controls S.p.A.
• KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH
• Shibuya Company, Ltd. and more
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Global Diamond Core Drilling in Construction Market: Research Methodology
The first stage of the research includes the formulation of a primary hypothesis, which was gathered from primary as well as secondary approaches. The subsequent stage involves the triangulation of data collected from two different approaches.
For the final data analysis of the diamond core drilling in construction market, we have considered 2018 as the base year and basic data was collected from public sources as well as sources such as company annual reports, investor presentations & press releases, World Bank statistics on revenue sales, newsletters, published reports on the public domain, industry association reports, and paid databases on finance and corporate information. The collated data from these sources was further validated from diamond core drilling in construction manufacturers, distributors, end-user procurement agencies, and regional representatives.
For the market estimation, we have considered both demand-side as well as supply-side drivers and trends. The historical data includes data for the period of 2014-2018 and forecast estimation for the period of 2019-2029. Our team has considered diamond core drilling in construction technology developments, market trends, and strategic developments, among manufacturers of diamond core drilling in construction.
The forecast presented in the global diamond core drilling in construction market report evaluates the actual market size (US$ Mn) in 2018 with regard to the product (diamond core drilling in construction), and the expected market value in the global diamond core drilling in construction market over the forecast period. Moreover, the report shows the market attractiveness in the next ten years. This market attractiveness value help clients identify real opportunities in the global diamond core drilling in construction market.
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.
"Significant growth of the global market for diamond core drilling in construction has been weighing on a same scale as ongoing investments in infrastructural development across the globe. With cloud swirling around automation and digitalization of construction activities, market players are targeted towards modernized equipment, providing operational as well as cost efficiency," says the PMR analyst.
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Key Questions Answered in the Diamond Core Drilling Market Report
How is the Diamond Core Drilling Market expected to grow over the projected period?
What direction is the Diamond Core Drilling Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Diamond Core Drilling Market in future?
What are the key market drivers in the Diamond Core Drilling Market?
What are significant opportunities and improvement areas for Diamond Core Drilling Market manufacturers?
What are the key developments and trends taking over the Diamond Core Drilling Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Diamond Core Drilling Market?
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