Underground Mining Diamond Drilling Market - Overview
Underground mining diamond drilling is a process of extracting core samples from the earth. It is an exploratory process that determines the structural strength of mineral composition for potential mining or construction projects. A diamond implemented drill bit is employed in diamond drilling. Diamond coring bits are widely used in the exploration phase of the mining industry. Rock samples are analyzed by geologists to understand the sub-surface geology. Diamond core drill bits are reliable, as they are made from industrial strength diamonds. These drill bits are unlikely to break or get damaged.
This report analyzes and forecasts the underground mining diamond drilling market at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global underground mining diamond drilling market. It also covers impact of these drivers and restraints on demand for underground mining diamond drilling during the forecast period. The report also highlights opportunities in the underground mining diamond drilling market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global underground mining diamond drilling market. Porter’s Five Forces model for the underground mining diamond drilling market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein type and application are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global underground mining diamond drilling market by segmenting it in terms of type, application, and region. In terms of type, the underground mining diamond drilling market has been bifurcated into rotary drilling and wireline drilling. Based on application, underground mining diamond drilling market has been divided into hard rock and soft rock. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for underground mining diamond drilling in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual size (in terms of value) of the underground mining diamond drilling market for the base year 2017 and the forecast for the period between 2018 and 2026. The global underground mining diamond drilling market has been analyzed in terms of revenue. Market numbers have been estimated based on type and application of the underground mining diamond drilling market. Market revenue has been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global underground mining diamond drilling market. Key players operating in the underground mining diamond drilling market include Sandvik AB., Boart Longyear, FORDIA, Geomachine Oy, Wuxi Geological Drilling Equipment Co.,Ltd, VersaDrill Canada, Zinex Mining Corp, SINOCOREDRILL GROUP, and Epiroc AB. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global underground mining diamond drilling market has been segmented as follows:
Global Underground Mining Diamond Drilling Market, by Type
- Rotary Drilling
- Wireline Drilling
Global Underground Mining Diamond Drilling Market, by Application
- Soft Rock
- Hard Rock
Global Underground Mining Diamond Drilling Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Peru
- Chile
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- West Africa
- East Africa
- Rest of Middle East & Africa
Key Takeaways
- Latin America is the leading consumer of underground mining diamond drilling services across the globe. The region constitutes more than 30% share of the global market. This trend is expected to continue during the forecast period.
- Prices of wireline drilling are relatively higher than that of rotary drilling. Sample derived from wireline drilling is more accurate compared to that of rotary drilling.
- Investments in underground mining have been rising since the last few years. This is likely to benefit equipment manufacturers engaged in underground mining.
