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Underground Mining Diamond Drilling Market – A $770 Mn Opportunity And The Face Of Future Mining

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Underground Mining Diamond Drilling Market – A $770 Mn Opportunity And The Face Of Future Mining

September 22
23:16 2022
Underground Mining Diamond Drilling Market - A $770 Mn Opportunity And The Face Of Future Mining
Some of the major players in the market are Sandvik AB., Atlas Copco, Boart Longyear, FORDIA, Geomachine Oy, Wuxi Geological Drilling Equipment Co., Ltd, VersaDrill Canada, Zinex Mining Corp, SINOCOREDRILL GROUP, and Epiroc AB.

The latest market report published by Credence Research, Inc. “Global Underground Mining Diamond Drilling Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Underground Mining Diamond Drilling Market generated around USD 533.1 million in 2021 and is anticipated to grow a CAGR of over 6.30% during the forecast period from 2022 to 2028 to reach around USD 769.15 million in 2028.

Underground Mining Diamond Drilling Market Scope

Report Attribute

Details

Market Value in 2021

USD 533.1 million

Market Value in 2028

USD 769.15 million

CAGR

6.30%

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

The underground mining diamond drilling market is expected to grow due largely to the mechanical advantages of diamond drilling over other drilling techniques. The rise in mineral production rate is also anticipated to impact the underground mining diamond drilling industry. The growing desire for automation in enterprises to allow straightforward and accurate processes is another factor that is anticipated to restrain the growth of the underground mining diamond drilling market. The rise in demand for base metals like diamond, uranium, zinc, gold, lead, coal, tin, copper, braze alloys, nickel, and nickel alloys will offer further potential opportunities for the expansion of the diamond core drilling market in the upcoming years. Due to several research and development initiatives to create new products for underground mining, the market for underground mining diamond drilling is anticipated to grow throughout the projected period. However, the rise in the price of diamond drilling equipment is anticipated to impede the development of the market in the coming years. However, the government’s strict regulations may make it even more difficult for the underground mining and diamond drilling industry to grow in the near future.

Access complete report with (Drivers of growth, Forecasts, Covid Impact, Revenue, Market share, Players). Please visit: https://www.credenceresearch.com/report/underground-minig-diamond-drilling-market

The market for global underground mining diamond drilling is segmented into type, application, and geography. Based on type, the underground mining diamond drilling market is segmented into classical rotary drilling and wireline drilling. Based on the application, the underground mining diamond drilling market is segmented into soft rock and hard rock. Based on geography, the underground mining diamond drilling market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

In 2021, Latin America will dominate the global underground mining diamond drilling market. It is projected that mining will maintain its dominance during the forecast period due to the expansion in mining activities year over year. As investments in underground mineral extraction rise, it is anticipated that the demand for hard rock mining in Latin America will rise. Nations in Latin America are beginning to transition from open-pit mining to underground mining. After the mineral has been extracted in underground mining, the waste rock is left behind. This lessens the environmental impact by preventing waste rock removal with no market value.

Why To Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global underground mining diamond drilling market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global underground mining diamond drilling market segmentation based on the type and application.
  • Major countries in each region with their import/export statistics.
  • The global underground mining diamond drilling market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

Table Of Content:

1. Preface

 

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

2.1. Market Snapshot: Global Underground Mining Diamond Drilling Market

2.2. Global Underground Mining Diamond Drilling Market, By Type

2.3. Global Underground Mining Diamond Drilling Market, By Application

2.4. Global Underground Mining Diamond Drilling Market, By Region

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Underground Mining Diamond Drilling Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Type

3.3.2. Application

3.3.3. Geography

 

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Type Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

 

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

 

6. COVID 19 Impact Analysis

6.1. Global Underground Mining Diamond Drilling Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

 

7. Global Internet of Things Market

7.1. Global Underground Mining Diamond Drilling Market, by Type, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Underground Mining Diamond Drilling Market, By Type, 2021 vs 2028 (in%)

7.1.3. Global Underground Mining Diamond Drilling Market, By Rotary Drilling, 2016-2028 (US$ Bn)

7.1.4. Global Underground Mining Diamond Drilling Market, By Wireline Drilling, 2016-2028 (US$ Bn)

7.2. Global Underground Mining Diamond Drilling Market, by Application, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Underground Mining Diamond Drilling Market, By Application, 2021 vs 2028 (in%)

7.2.3. Global Underground Mining Diamond Drilling Market, By Soft Rock, 2016-2028 (US$ Bn)

7.2.4. Global Underground Mining Diamond Drilling Market, By Hard Rock, 2016-2028 (US$ Bn)

 

8. North America Underground Mining Diamond Drilling Market Analysis

…………

 

9. Europe Underground Mining Diamond Drilling Market Analysis

………….

 

10. Asia Pacific Underground Mining Diamond Drilling Market Analysis

10.1. Asia Pacific Underground Mining Diamond Drilling Market, by Type, 2016-2028(US$ Bn)

10.1.1. Overview

10.1.2. SRC Analysis

10.2. Asia Pacific Underground Mining Diamond Drilling Market, by Application, 2016-2028(US$ Bn)

10.2.1. Overview

10.2.2. SRC Analysis

10.3. Asia Pacific Underground Mining Diamond Drilling Market, by Country, 2016-2028 (US$ Bn)

10.3.1. China

10.3.1.1. China Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.1.2. China Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.1.3. China Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

10.3.2. Japan

10.3.2.1. Japan Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.2.2. Japan Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.2.3. Japan Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

10.3.3. India

10.3.3.1. India Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.3.2. India Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.3.3. India Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

10.3.4. South Korea

10.3.4.1. South Korea Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.4.2. South Korea Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.4.3. South Korea Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

10.3.5. South-East Asia

10.3.5.1. South-East Asia Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.5.2. South-East Asia Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.5.3. South-East Asia Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

10.3.6. Rest of Asia Pacific

10.3.6.1. Rest of Asia Pacific Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

10.3.6.2. Rest of Asia Pacific Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

10.3.6.3. Rest of Asia Pacific Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

 

11. Latin America Underground Mining Diamond Drilling Market Analysis

11.1. Latin America Underground Mining Diamond Drilling Market, by Type, 2016-2028(US$ Bn)

11.1.1. Overview

11.1.2. SRC Analysis

11.2. Latin America Underground Mining Diamond Drilling Market, by Application, 2016-2028(US$ Bn)

11.2.1. Overview

11.2.2. SRC Analysis

11.3. Latin America Underground Mining Diamond Drilling Market, by Country, 2016-2028 (US$ Bn)

11.3.1. Brazil

11.3.1.1. Brazil Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

11.3.1.2. Brazil Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

11.3.1.3. Brazil Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

11.3.2. Mexico

11.3.2.1. Mexico Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

11.3.2.2. Mexico Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

11.3.2.3. Mexico Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

11.3.3. Rest of Latin America

11.3.3.1. Rest of Latin America Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

11.3.3.2. Rest of Latin America Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

11.3.3.3. Rest of Latin America Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

 

12. Middle East and Africa Underground Mining Diamond Drilling Market Analysis

12.1. Middle East and Africa Underground Mining Diamond Drilling Market, by Type, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. SRC Analysis

12.2. Middle East and Africa Underground Mining Diamond Drilling Market, by Application, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. Middle East and Africa Underground Mining Diamond Drilling Market, by Country, 2016-2028 (US$ Bn)

12.3.1. GCC Countries

12.3.1.1. GCC Countries il Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.3.1.2. GCC Countries Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

12.3.1.3. GCC Countries Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

12.3.2. South Africa

12.3.2.1. South Africa Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.3.2.2. South Africa Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

12.3.2.3. South Africa Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

12.3.3. Rest of Middle East and Africa

12.3.3.1. Rest of Middle East and Africa Underground Mining Diamond Drilling Market Estimates and Forecast, 2016-2028 (US$ Bn)

12.3.3.2. Rest of Middle East and Africa Underground Mining Diamond Drilling, By Type, 2016-2028 (US$ Bn)

12.3.3.3. Rest of Middle East and Africa Underground Mining Diamond Drilling, By Application, 2016-2028 (US$ Bn)

 

13. Company Profiles

13.1. Sandvik AB.

13.1.1. Company Overview

13.1.2. Products/Services Portfolio

13.1.3. Geographical Presence

13.1.4. Financial Summary

13.1.4.1. Market Revenue and Net Profit (2019-2021)

13.1.4.2. Business Segment Revenue Analysis

13.1.4.3. Geographical Revenue Analysis

13.2. Atlas Copco

13.3. Boart Longyear

13.4. FORDIA

13.5. Geomachine Oy

13.6. Wuxi Geological Drilling Equipment Co.,Ltd

13.7. VersaDrill Canada

13.8. Zinex Mining Corp

13.9. SINOCOREDRILL GROUP

13.10. Epiroc AB 

Access complete report with (Drivers of growth, Forecasts, Covid Impact, Revenue, Market share, Players). Please visit: https://www.credenceresearch.com/report/underground-minig-diamond-drilling-market

 About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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