Press release
Expanding Mining Activities Fuel Growth In The Diamond Core Drilling Market Driving Market Acceleration in the Diamond Core Drilling Industry, 2025
Diamond Core Drilling Market
How Large Will the Diamond Core Drilling Market Size By 2025?
The diamond core drilling industry has seen consistent growth in recent years, with its market size projected to increase from $2.27 billion in 2024 to $2.34 billion in 2025, representing a compound annual growth rate (CAGR) of 3.1%. This growth throughout the historic period can be traced back to factors such as a surge in mineral exploration, development in construction and infrastructure, expansion in the mining industry, environmental regulations, and increases in geological surveys and research.
How Big Is the Diamond Core Drilling Market Size Expected to Grow by 2029?
The market size of diamond core drilling is projected to experience consistent expansion in the upcoming years, reaching $2.55 billion by 2029 with a compound annual growth rate (CAGR) of 2.1%. The anticipated progression within this period is credited to factors like the exploration of renewable energy sources, growing demand for scarce earth elements, urbanization and infrastructure progress, emphasis on deep-sea mining, and worldwide water management. Critical market trends for this forecast duration encompass technological progress, environmental directives and sustainability initiatives, as well as the inclusion of automation and robotics.
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Which Key Market Drivers Powering Diamond Core Drilling Market Expansion and Growth?
The growth of the diamond core drilling market is anticipated to be fueled by the escalating mining activities. Mining encompasses the excavation and processing of precious minerals or alternate geological materials from the earth for a variety of industrial applications, including energy creation, manufacturing, and more. The surge in worldwide demand for metals and minerals due to economic development, urbanization, and resource needs is fueling the expansion of mining activities. Diamond core drilling affords clean, precise regular drilling operations and clearly defined core samples, making it apt for high-accuracy tasks like mineral exploration and mining, geotechnical and environmental site surveys, and more. For example, data from the Australian Bureau of Statistics showed that the mining industry saw substantial growth in key areas in the fiscal year 2021-22. EBITDA went up by 32.7% ($54.3 billion) after a 4.9% ($7.7 billion) raise in 2020-21. Additionally, the value-added in the mining industry (IVA), saw considerable growth, enhanced by 29.5% ($64.6 billion) following a 4.4% ($9.2 billion) increase in 2020-21. Therefore, the rise in mining activities is a significant factor propelling the growth of the diamond core drilling market in the future.
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Which Fast-Growing Trends Are Poised to Disrupt the Diamond Core Drilling Market?
Leading enterprises within the diamond core drilling industry prioritize the innovation and enhancement of drilling products, such as the efficient core drilling system, to deliver a highly effective, power-packed, and straightforward solution for coring tasks involving large drill diameters. This specialized equipment is capable of extracting cylindrical sections from various materials with superior accuracy and minimal energy consumption. Take AGP Power Tools, a power tool manufacturing company based in Taiwan, for instance. In August 2024, the firm introduced the AGP DM20 High-Frequency Coring Motor and QS600 Drill Stand. It incorporates high-frequency motor technology and a digital interface, offering broad speed control without the need for gears and operates on single-phase power for simplified usage on job sites. This highly efficient machine, coupled with the easy-to-release QS600 drill stand, provides an effective, user-accommodating solution for large-diameter coring, delivering improved convenience and power.
What Are the Emerging Segments in the Diamond Core Drilling Market?
The diamond core drilling market covered in this report is segmented -
1) By Operational Type: Hand Type Drill; Rig-operated
2) By Drilling Type: Rotary Drilling; Wireline Drilling
3) By Drilling Technique: Stitch Drilling; Underwater Diamond Drilling; Surface Drilling; Underground Drilling
4) By End-Use: Construction; Mining
Subsegments:
1) By Hand Type Drill: Manual Handheld Drills; Battery-Operated Handheld Drills
2) By Rig-Operated: Truck-Mounted Rigs; Track-Mounted Rigs; Skid-Mounted Rigs; Portable Rigs
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Who Are the Global Leaders in the Diamond Core Drilling Market?
Major companies operating in the diamond core drilling market are Robert Bosch GmbH, Atlas Copco AB, Sandvik AB, Hilti Corporation, Husqvarna AB, Epiroc AB, Granite Construction Inc., Tyrolit Group, Boart Longyear Ltd., Milwaukee Electric Tool Corporation, Shibuya Company Ltd., Master Drilling Group Ltd., Mincon Group PLC, Ramset, Di-Corp, B+Btec GmbH, Rockdril, Albert Roller GmbH, DUSS Maschinenfabrik GmbH & Co. KG, Eibenstock Positron Elektrowerk Pvt, Geomachine Oy, LISSMAC Maschinenbau GmbH, WEKA Elektrowerkzeuge KG, MASSENZA Drilling Rigs Srl, Controls S.p.A, KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH, APC Drilling & Constructions Private Limited, Golz GmbH
Which are the Top Profitable Regional Markets for the Diamond Core Drilling Industry?
Asia-Pacific was the largest region in the diamond core drilling market in 2024. The regions covered in the diamond core drilling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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