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Mining Drill Bits Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5703419
Major players in the mining drill bits market are Brunner and lay, Caterpoillar Inc., Changsha Heijingang Industrial Co Ltd, Epiroc AB, Rocknore International, Sandvik AB, Western drilling tools Inc, Mitbushi Materials Corporation, Robit Plc, Xiamer Prodrill Equipment Co Ltd, Universal drilling technique LLC, Micon drilling Gmbh, Bart longyear, DATC group, and Western Drilling Tools Inc.

The global mining drill bits market is expected to grow from $1.31 billion in 2021 to $1.43 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The mining drill bits market is expected to reach $1.81 billion in 2026 at a CAGR of 6.1%.

The mining drill bits market consists of revenues earned by entities fixed cutter bits, roller cone bits, and DTH bit that are used to drill holes in a wide range of typical materials. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The mining drill bits refer to the drill bit that creates a borehole by rotating and cutting rock and the hollow center of the drill helps the bit and drill rod to allow the cylindrical core to be kept.

Asia Pacific was the largest region in the mining drill bits market in 2021. The regions covered in the mining drill bits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of mining drill bits are rotary bits, DTH hammer bits, and other types. Rotary tools' bits are attached by chucks, collets, and mandrels and it refers to rotary tools that are frequently used for finishing tasks on wooden furniture and cabinets. The various material types involved are PDC diamond, tungsten carbide, steel, and other materials that are available in different bit sizes such as 5”, 5”-8”, 8”-11”, 11”-14”, and above 14 is used for surface mining and underground mining applications.

The rising coal requirement is expected to drive the growth of the mining drill bits market going forward. Drills serve a variety of mining purposes, from giving geologists access to various soil samples for research to making it easier to collect valuable minerals from locations that would otherwise be inaccessible. There are drilling techniques can be used for every mining objective, whether it be for exploration, production, land clearing, or geotechnical applications. For instance, as per the report by International Energy Agency (IEA), a Paris- based autonomous intergovernmental organization, in July 2022, reported that in addition to the 14% increase from last year, the European Union's coal consumption is predicted to increase by 7% in 2022. Due to the country's expanding economy, demand for coal in India has been high since the year 2022 began and is anticipated to increase by 7% overall. Therefore, rising coal requirements are driving the demand for the mining drill bits market.

Technological advancement is a key trend gaining popularity in the mining drill bits market. Major companies operating in the mining drill bits market are advancing in their new mining drill bits to sustain and strengthen their market position. For instance, in May 2022, Epiroc, a Sweden-based mining manufacturer and industrial equipment manufacturer company introduced a Powerbit X, a new drill bit protected by diamonds, through which a single hole can be dug by an operator using just one drill bit. In-hole bit replacements are an undesirable alternative that adds up to significant productivity losses over time. By switching to this new technology and adopting buttons with diamond protection, hundreds of hours could be saved. When compared to normal drill bits, Powerbit X's incredibly hard surface allows for a 90% reduction in CO2 emissions per drilled meter. Powerbit X uses less energy and resources because of its lengthy bit life. A decrease in the mining operation's need for drill bits also results in fewer transfers, both outside and inside the mine.

In January 2019, Epiroc AB, a Sweden-based manufacturer of mining and infrastructure equipment acquired Fordia for an undisclosed amount. With this acquisition, the purchased company Fordia would remain based in Montreal, Canada, and join Epiroc's Rock Drilling Tools division. Fordia is a Canada-based manufacturer of exploration drilling tools that offers drilling solutions with its complete line of diamond tools, equipment, and accessories.

The countries covered in the mining drill bits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The mining drill bits market research report is one of a series of new reports that provides mining drill bits market statistics, including mining drill bits industry global market size, regional shares, competitors with mining drill bits market share, detailed mining drill bits market segments, market trends, and opportunities, and any further data you may need to thrive in the mining drill bits industry. This mining drill bits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.



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Frequently Asked Questions about the Global Mining Drill Bits Market

What is the estimated value of the Global Mining Drill Bits Market?

The Global Mining Drill Bits Market was estimated to be valued at $1.43 billion in 2022.

What is the growth rate of the Global Mining Drill Bits Market?

The growth rate of the Global Mining Drill Bits Market is 6.1%, with an estimated value of $1.81 billion by 2026.

What is the forecasted size of the Global Mining Drill Bits Market?

The Global Mining Drill Bits Market is estimated to be worth $1.81 billion by 2026.

Who are the key companies in the Global Mining Drill Bits Market?

Key companies in the Global Mining Drill Bits Market include Brunner and lay, Caterpoillar Inc., Changsha Heijingang Industrial Co. Ltd., Epiroc AB, Rocknore International, Sandvik AB, Western drilling tools Inc., Mitbushi Materials Corporation and Xiamer Prodrill Equipment Co. Ltd..

Table of Contents

1. Executive Summary2. Mining Drill Bits Market Characteristics3. Mining Drill Bits Market Trends And Strategies
4. Mining Drill Bits Market - Macro Economic Scenario
4.1. COVID-19 Impact On Mining Drill Bits Market
4.2. Ukraine-Russia War Impact On Mining Drill Bits Market
4.3. Impact Of High Inflation On Mining Drill Bits Market
5. Mining Drill Bits Market Size And Growth
5.1. Global Mining Drill Bits Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Mining Drill Bits Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Mining Drill Bits Market Segmentation
6.1. Global Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Rotary Bits
  • DTH Hammer bits
  • Other Types
6.2. Global Mining Drill Bits Market, Segmentation By Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • PDC Diamond
  • Tungsten Carbide
  • Steel
  • Other Materials
6.3. Global Mining Drill Bits Market, Segmentation By Bit Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Below 5”
  • 5”-8”
  • 8”-11”
  • 11”-14”
  • Above 14"
6.4. Global Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Surface Mining
  • Undergrund Mining
7. Mining Drill Bits Market Regional And Country Analysis
7.1. Global Mining Drill Bits Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Mining Drill Bits Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Mining Drill Bits Market
8.1. Asia-Pacific Mining Drill Bits Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Mining Drill Bits Market
9.1. China Mining Drill Bits Market Overview
9.2. China Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Mining Drill Bits Market
10.1. India Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Mining Drill Bits Market
11.1. Japan Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Mining Drill Bits Market
12.1. Australia Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Mining Drill Bits Market
13.1. Indonesia Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Mining Drill Bits Market
14.1. South Korea Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Mining Drill Bits Market
15.1. Western Europe Mining Drill Bits Market Overview
15.2. Western Europe Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Mining Drill Bits Market
16.1. UK Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Mining Drill Bits Market
17.1. Germany Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Mining Drill Bits Market
18.1. France Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Mining Drill Bits Market
19.1. Eastern Europe Mining Drill Bits Market Overview
19.2. Eastern Europe Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Mining Drill Bits Market
20.1. Russia Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Mining Drill Bits Market
21.1. North America Mining Drill Bits Market Overview
21.2. North America Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Mining Drill Bits Market
22.1. USA Mining Drill Bits Market Overview
22.2. USA Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Mining Drill Bits Market
23.1. South America Mining Drill Bits Market Overview
23.2. South America Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Mining Drill Bits Market
24.1. Brazil Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Mining Drill Bits Market
25.1. Middle East Mining Drill Bits Market Overview
25.2. Middle East Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Mining Drill Bits Market
26.1. Africa Mining Drill Bits Market Overview
26.2. Africa Mining Drill Bits Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Mining Drill Bits Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Mining Drill Bits Market Competitive Landscape And Company Profiles
27.1. Mining Drill Bits Market Competitive Landscape
27.2. Mining Drill Bits Market Company Profiles
27.2.1. Brunner and lay
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Caterpoillar Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Changsha Heijingang Industrial Co Ltd
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Epiroc AB
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Rocknore International
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Mining Drill Bits Market29. Mining Drill Bits Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Mining Drill Bits Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global mining drill bits market.

This report focuses on mining drill bits market which is experiencing strong growth. The report gives a guide to the mining drill bits market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the mining drill bits? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Mining Drill Bits market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider mining drill bits market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The mining drill bits market section of the report gives context. It compares the mining drill bits market with other segments of the mining drill bits market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, mining drill bits indicators comparison.

Scope

Markets Covered:

1) By Type: Rotary Bits; DTH Hammer bits; Other Types
2) By Material: PDC Diamond; Tungsten Carbide; Steel; Other Materials
3) By Bit Size: Below 5”; 5”-8”; 8”-11”; 11”-14”; Above 14"
4) By Application: Surface Mining; Undergrund Mining

Companies Mentioned: Brunner and lay; Caterpoillar Inc.; Changsha Heijingang Industrial Co. Ltd.; Epiroc AB; Rocknore International

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Brunner and lay
  • Caterpoillar Inc.
  • Changsha Heijingang Industrial Co. Ltd.
  • Epiroc AB
  • Rocknore International
  • Sandvik AB
  • Western drilling tools Inc.
  • Mitbushi Materials Corporation
  • Robit Plc
  • Xiamer Prodrill Equipment Co. Ltd.
  • Universal drilling technique LLC
  • Micon drilling Gmbh
  • Bart longyear
  • DATC group
  • Western Drilling Tools Inc.

Methodology

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