Press release
Underground Drilling Rig Market to Reach USD 7.73 Billion by 2032, Driven by Mining, Infrastructure & Energy Expansion
Underground Drilling Rig Market
The growing focus on underground mining productivity, large-scale tunnel and transportation infrastructure projects, and increasing upstream oil & gas investments are significantly accelerating demand for advanced underground drilling solutions across global markets.
Research Methodology Overview
This study employs a rigorous and comprehensive methodology to evaluate market trends, technological advancements, key industry players, regional dynamics, and future growth opportunities. The analysis integrates extensive primary and secondary research, including expert interviews, structured quantitative data collection, and competitive benchmarking, to provide actionable insights and strategic guidance. The findings are designed to support stakeholders in understanding the current landscape, identifying growth drivers and constraints, and formulating effective strategies for commercialization in a rapidly evolving market.
To know about the Research Methodology :- https://www.mmrstatistics.com/reports/732093/underground-drilling-rig/contact?type=sample
Underground Drilling Rig Market Growth Driven by Energy & Infrastructure Investments
The Underground Drilling Rig industry is benefiting from rising global energy demand and renewed capital investments in oil and gas exploration. According to data from the International Energy Forum, global upstream capital expenditure increased by USD 63 billion in 2023, reflecting strong momentum in drilling and exploration activities that directly support underground drilling rig adoption.
Additionally, governments worldwide are prioritizing complex infrastructure projects, including underground tunnels, metro rail networks, and transport corridors. For instance, in July 2024, the U.S. Department of Transportation announced USD 11 billion in grants and financing for the Hudson River Tunnel-one of the most challenging infrastructure projects in the country-highlighting the rising need for high-performance underground drilling rigs.
Asia Pacific Leads the Underground Drilling Rig Market in 2025
From a regional perspective, Asia Pacific dominates the global Underground Drilling Rig market, accounting for 32.43% of total market share in 2025. The region's leadership is driven by robust mining activity in countries such as China, Australia, and Indonesia, supported by strong production of critical minerals.
According to SMM New Energy (2023), annual cobalt production in the Asia Pacific region reached:
China: 1.5 KT
Indonesia: 21.6 KT
Australia: 7.6 KT
These mining-intensive economies continue to invest heavily in underground drilling equipment to improve extraction efficiency and worker safety, strengthening regional market growth.
North America followed with a 24.42% market share, supported by infrastructure modernization and oil & gas exploration.
Europe held 21.41%, driven by advanced mining technologies and sustainability initiatives.
Middle East & Africa accounted for 12.24%, while South America contributed 9.50% of the global market in 2025.
Looking to gain insights into market trends? Explore the summary of the research report :https://www.mmrstatistics.com/reports/732093/underground-drilling-rig
Hydraulic Drill Rigs Dominate, While Electric Drill Rigs Gain Momentum
By type, hydraulic drill rigs remained the leading segment in the Underground Drilling Rig market, capturing 64.85% market share in 2025. Their dominance is attributed to cost efficiency, lower initial capital investment, and wide application across mining, oil & gas, geotechnical exploration, and construction activities.
Meanwhile, electric drill rigs are expected to witness the fastest growth, registering a CAGR of 5.82% between 2025 and 2032. The rising preference for low-emission, energy-efficient, and automated drilling solutions is accelerating adoption, particularly in regions with strict environmental regulations.
Automated underground drill rigs accounted for 8.15% of market share in 2025, with growing interest in digital drilling technologies, remote operations, and productivity optimization expected to further expand this segment.
Outlook: Strong Future for the Underground Drilling Rig Industry
The global Underground Drilling Rig market outlook remains positive as industries increasingly focus on resource efficiency, automation, safety, and sustainability. Rapid urbanization, growing underground construction projects, and rising mineral exploration for energy transition materials are expected to sustain long-term demand.
As mining companies, construction firms, and energy producers modernize operations, the Underground Drilling Rig industry is positioned for steady expansion through 2032 and beyond.
Related statistics to Underground Drilling
North America Underground Drilling Rig Market Size, by Country (2024-2032) https://www.mmrstatistics.com/statistics/627389/na-underground-drilling-rig-market-size-country-2024-32
North America Underground Drilling Rig Market Share, by Country (2025) https://www.mmrstatistics.com/statistics/847816/na-underground-drilling-rig-market-share-country-2025
South America Underground Drilling Rig Market Share, by Country (2025) https://www.mmrstatistics.com/statistics/665922/sa-underground-drilling-rig-market-share-country-2025
MEA Underground Drilling Rig Market Share, by Country (2025) https://www.mmrstatistics.com/statistics/249595/mea-underground-drilling-rig-market-share-country-2025
Asia Pacific Underground Drilling Rig Market Share, by Country (2025) https://www.mmrstatistics.com/statistics/088534/apac-underground-drilling-rig-market-share-country-2025
Europe Underground Drilling Rig Market Share, by Country (2025) https://www.mmrstatistics.com/statistics/562682/europe-underground-drilling-rig-market-share-country-2025
South America Underground Drilling Rig Market Size, by Country (2024-2032) https://www.mmrstatistics.com/statistics/201787/sa-underground-drilling-rig-market-size-country-2024-32
Middle East & Africa Underground Drilling Rig Market Size, by Country (2024-2032) https://www.mmrstatistics.com/statistics/972194/mea-underground-drilling-rig-market-size-country-2024-32
Asia Pacific Underground Drilling Rig Market Size, by Country (2024-2032) https://www.mmrstatistics.com/statistics/394906/apac-underground-drilling-rig-market-size-country-2024-32
Europe Underground Drilling Rig Market Size, by Country (2024-2032) https://www.mmrstatistics.com/statistics/170253/europe-underground-drilling-rig-market-size-country-2024-32+
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About Us - MMR Statistics
MMR Statistics delivers actionable industry intelligence that empowers organizations to stay ahead in a rapidly evolving market. We provide bespoke research solutions tailored to the unique needs of each client, complemented by strategic advisory services that support sustainable growth. Trusted across 45+ countries, we collaborate with Fortune 500 companies, innovators, and leading institutions. Our post-delivery execution support helps map KPIs, drive revenue growth, and optimize go-to-market strategies. By transforming insights into practical, measurable actions, we enable our clients to achieve lasting business impact.
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