As per Future Market Insights (FMI), over the last 5 years, the global diamond core drilling market expanded at a steady CAGR of 4%, clocking a valuation exceeding US$ 1.6 Bn by 2020.
With increasing construction and mining activities worldwide, demand for diamond core drilling machines increased by 2%, registering growth at a healthy 6% CAGR through 2021 & beyond.
The need for personalization and automation amongst cease-users has paved the way for novel automatic rig-operated drilling machines to decorate productiveness. Boom potentialities have been downplayed with the outbreak of covid-19, as deliver-chain dynamics experienced disruptions in fq-20.
Halt in production and mining activities resurfaced amidst the outbreak of the second wave, mainly in growing countries consisting of India, which impacted the marketplace negatively. However, way to the commencement of the vaccination drive, the market is predicted to witness growth over the approaching years as mining and creation sports will gain traction.
With want for technological improvements within the developing creation and mining enterprise, key manufacturers of diamond middle drilling machines incorporate technology.
The excessive value of those automatic and customized drilling machines is predicted to act as an access barrier for the brand new gamers inside the market. Additionally, the growth of underground mining activities is resulting in a multiplied charge of fatalities and infections of the various workers.
Because of the developing price of accidents and fatalities in the mining industry, production and work efficiency is affected, in a roundabout way affecting the income. Workers in developing economies because of the rising charge of contamination are hesitating to work, which has elevated the call for automation within the mining industry.
Precision and efficiency finished with the help of drilling machines are not similar to rig-operated drilling machines.
Key Players:
- Hilti Corporation
- Atlas Copco
- WEKA Elektrowerkzeuge KG
- Robert Bosch GmbH
- Boart Longyear
- Elektrowerkzeuge GmbH Eibenstock
- MASSENZA Drilling Rigs Srl
- Milwaukee Tool
- Controls S.p.A
- Epiroc Mining India Limited
- KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH
- Shibuya Company, Ltd.
- APC Drilling & Constructions Private Limited
- ROCKDRIL (INDIA)
- Husqvarna AB
- Others
