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Mining Drills & Breakers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701100

Quick Summary:

Recognized for its robust applications in uncovering new mineral deposits and obtaining intricate data on rock makeup, the dynamics of the global mining drills & breakers market are vital for firms in the mining equipment industry. This comprehensive market research report unveils key insights on current trends and future growth trajectories that carry the potential to shape your business strategy and propel performance forward.

Presently, an upswing in mineral exploration activities worldwide is powering the market, dovetailing with an expanding mining industry. Key trends such as the integration of Internet of Things (IoT) technology in mining drills and breakers and the increased use of backhoe loaders and excavators augur well for the market. Moreover, the report provides an analytical breakdown of various market segments, offering a nuanced understanding of each sub-segment right down to the regional and country level. This report not only answers key poignant questions but also delves into the competitive landscape, equipping you to make data-driven decisions in this evolving market.

The global mining drills & breakers market size reached US$ 15.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 22.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Mining drills and breakers are mining equipment used to drill holes or crush rocks on the surface of a coalbed. These drills comprise an air compressor, rod changer, mast, rotatory head, dust ducting, and drill pipes, while breakers comprise chambers, side rods, main valve, front cap, and piston. They are used to extract new mineral deposits, such as clay, rock, limestone, sulfur, salts, and fertilizer minerals. They are also employed to obtain detailed information about rock types, rock fabric, mineral content, and the relationship between the rock layers and the surface.

Mining Drills & Breakers Market Trends:

At present, there is a rise in mineral exploration activities due to the presence of several mineral reserves across the globe. This, along with the burgeoning mining industry, represents one of the key factors driving the market. Besides this, the growing demand for efficient mining solutions and powerful equipment to withstand various challenges, such as water shortages, soil erosion, and loss of biodiversity, is offering a positive market outlook. In addition, key market players are extensively investing in research and development (R&D) activities to integrate advanced technologies in mining equipment, such as cognitive computing and artificial intelligence (AI). They are also focusing on offering enhanced efficiency, improved automation, and safer mining operations, which is positively influencing the market. Moreover, the increasing integration of the internet of things (IoT) technology in mining drills and breakers to provide services, such as purchase-to-pay automation and sensing techniques, is contributing to the growth of the market. Apart from this, the rising utilization of backhoe loaders and excavators for transportation of building material, construction, small demolitions, excavation, digging trenches and holes, breaking asphalt, paving roads, and land scaring is bolstering the growth of the market.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global mining drills & breakers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product, application and sales channel.

Breakup by Type:

  • Drills
  • Breakers

Breakup by Product:

  • Rotary Drills
  • Crawler Drills
  • Rock Breakers
  • Hydraulic Breakers
  • Others

Breakup by Application:

  • Metal Mining
  • Mineral Mining
  • Coal Mining

Breakup by Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftersales

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco AB, Boart Longyear, Casagrande S.p.A., Caterpillar Inc., Doosan Corporation, Epiroc AB, Furukawa Co. Ltd., Geodrill Limited, Komatsu Ltd., Sandvik AB and Soosan Heavy Industries Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global mining drills & breakers market in 2022?
2. What is the expected growth rate of the global mining drills & breakers market during 2023-2028?
3. What are the key factors driving the global mining drills & breakers market?
4. What has been the impact of COVID-19 on the global mining drills & breakers market?
5. What is the breakup of the global mining drills & breakers market based on the type?
6. What is the breakup of the global mining drills & breakers market based on the product?
7. What is the breakup of the global mining drills & breakers market based on the application?
8. What is the breakup of the global mining drills & breakers market based on the sales channel?
9. What are the key regions in the global mining drills & breakers market?
10. Who are the key players/companies in the global mining drills & breakers market?
Frequently Asked Questions about the Global Mining Drills & Breakers Market

What is the estimated value of the Global Mining Drills & Breakers Market?

The Global Mining Drills & Breakers Market was estimated to be valued at $15.7 Billion in 2022.

What is the growth rate of the Global Mining Drills & Breakers Market?

The growth rate of the Global Mining Drills & Breakers Market is 6.0%, with an estimated value of $22.3 Billion by 2028.

What is the forecasted size of the Global Mining Drills & Breakers Market?

The Global Mining Drills & Breakers Market is estimated to be worth $22.3 Billion by 2028.

Who are the key companies in the Global Mining Drills & Breakers Market?

Key companies in the Global Mining Drills & Breakers Market include Atlas Copco AB, Boart Longyear, Casagrande S.p.A., Caterpillar Inc., Doosan Corporation, Epiroc AB, Furukawa Co. Ltd., Geodrill Limited, Komatsu Ltd. and Sandvik AB.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Mining Drills & Breakers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Drills
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Breakers
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Rotary Drills
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Crawler Drills
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rock Breakers
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hydraulic Breakers
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Metal Mining
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mineral Mining
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Coal Mining
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Sales Channel
9.1 Original Equipment Manufacturer (OEM)
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftersales
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Atlas Copco AB
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Boart Longyear
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Casagrande S.p.A.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Caterpillar Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Doosan Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Epiroc AB
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Furukawa Co. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Geodrill Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Komatsu Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Sandvik AB
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Soosan Heavy Industries Co. Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
List of Figures
Figure 1: Global: Mining Drills & Breakers Market: Major Drivers and Challenges
Figure 2: Global: Mining Drills & Breakers Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Mining Drills & Breakers Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Mining Drills & Breakers Market: Breakup by Type (in %), 2022
Figure 5: Global: Mining Drills & Breakers Market: Breakup by Product (in %), 2022
Figure 6: Global: Mining Drills & Breakers Market: Breakup by Application (in %), 2022
Figure 7: Global: Mining Drills & Breakers Market: Breakup by Sales Channel (in %), 2022
Figure 8: Global: Mining Drills & Breakers Market: Breakup by Region (in %), 2022
Figure 9: Global: Mining Drills & Breakers (Drills) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Mining Drills & Breakers (Drills) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Mining Drills & Breakers (Breakers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Mining Drills & Breakers (Breakers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Mining Drills & Breakers (Rotary Drills) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Mining Drills & Breakers (Rotary Drills) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Mining Drills & Breakers (Crawler Drills) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Mining Drills & Breakers (Crawler Drills) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Mining Drills & Breakers (Rock Breakers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Mining Drills & Breakers (Rock Breakers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Mining Drills & Breakers (Hydraulic Breakers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Mining Drills & Breakers (Hydraulic Breakers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Mining Drills & Breakers (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Mining Drills & Breakers (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Mining Drills & Breakers (Metal Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Mining Drills & Breakers (Metal Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Mining Drills & Breakers (Mineral Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Mining Drills & Breakers (Mineral Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Mining Drills & Breakers (Coal Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Mining Drills & Breakers (Coal Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Mining Drills & Breakers (Original Equipment Manufacturer (OEM)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Mining Drills & Breakers (Original Equipment Manufacturer (OEM)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Mining Drills & Breakers (Aftersales) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Mining Drills & Breakers (Aftersales) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Mining Drills & Breakers Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Mining Drills & Breakers Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Mining Drills & Breakers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Mining Drills & Breakers Industry: SWOT Analysis
Figure 83: Global: Mining Drills & Breakers Industry: Value Chain Analysis
Figure 84: Global: Mining Drills & Breakers Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Mining Drills & Breakers Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Mining Drills & Breakers Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Mining Drills & Breakers Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Mining Drills & Breakers Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Mining Drills & Breakers Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 6: Global: Mining Drills & Breakers Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Mining Drills & Breakers Market: Competitive Structure
Table 8: Global: Mining Drills & Breakers Market: Key Players

Companies Mentioned

  • Atlas Copco AB
  • Boart Longyear
  • Casagrande S.p.A.
  • Caterpillar Inc.
  • Doosan Corporation
  • Epiroc AB
  • Furukawa Co. Ltd.
  • Geodrill Limited
  • Komatsu Ltd.
  • Sandvik AB
  • Soosan Heavy Industries Co. Ltd.

Methodology

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