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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

With the emergence and long-term Impact of COVID-19, Global Surface Drilling Rig Market to reach USD 3.20 Billion by 2030

Bizwit Research & Consulting LLP’s recent analysis on the Global Surface Drilling Rig Market points towards a potential rise to USD 584.9 Billion by 2030. Industrial drills that are land-based and used to drill deep holes in the earth’s crust are called surface drilling rigs. These drills’ drilling heads pierce the earth’s surface while stationary on it. Surface drilling rigs are employed for a variety of tasks, including drilling boreholes for water wells, creating pile foundations, mine blasting, geotechnical studies and oil exploration. These drills are used in a variety of fields, including building, dimension stone, mining, and quarrying. Additionally, due to an increase in demand for quarry products such as stones, aggregates, sand, and other materials brought on by an increase in construction activities such as building and infrastructure projects, the surface drilling rig market has experienced substantial expansion over the past several years. Additionally, surface drilling rigs are frequently employed in the mining industry.

Geographically, the global Surface Drilling Rig market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022. A sizable mining industry, which extracts bauxite, coal, manganese, iron ore, limestone, nickel, gold, zinc and other materials in nations such as China, Australia, and India, is responsible for this rise. In addition, the rapidly expanding population in nations such as China, India, Vietnam, and Indonesia are a significant driver of the expansion of the construction industry in this region. Also, in term of sales Asia Pacific is expected to grow significantly during the forecast period. The regions quick economic development is having a significant impact on the development of the mining and construction industries, which is in turn helping the market for surface drilling rigs flourish.

The global Surface Drilling Rig market is highly competitive owing to the presence of several key manufacturers such as Arctic Drilling Company, Barkom Group Inc, Boart Longyear Group Ltd., Epiroc AB, Gill Rock Drill Co., Inc., Revathi Equipment Limited, Sandvik AB, Sunward Intelligent Equipment Co., Ltd., Caterpillar Inc., Komatsu Ltd. and others.

For further analysis on this or to request a sample copy of this report, please click the link mentioned below:

Global Surface Drilling Rig Market Size study & Forecast, by Type (Rotary Drills, Boom Drills), by Application (Mining, Quarrying, Construction, Others), by Commodity (Gold, Copper, Coal, Iron Ore, Bauxite, Limestone, Granite, Infrastructure and Others), by Sales Type (New Sales, Aftermarket) and Regional Analysis, 2023-2030

Key findings of the study suggest:

  • Global Surface Drilling Rig Market is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2023-2030.
  • In the Type segment, Rotary Drills emerged out as the leading market segment in 2022.
  • Asia Pacific is anticipated to drive regional growth owing to increasing government focus towards building battery charging infrastructure and hydrogen fueling stations
  • Asia Pacific is expected to grow at higher rate followed by North America during 2023-2030.

Bizwit Research & Consulting has considered following segments for the study:

By Type:

  • Rotary Drills
  • Boom Drills

By Application:

  • Mining
  • Quarrying
  • Construction
  • Others

By Commodity:

  • Gold
  • Copper
  • Coal
  • Iron Ore
  • Bauxite
  • Limestone
  • Granite
  • Infrastructure
  • Others

By Sales Type:

  • New Sales
  • Aftermarket

Regional Outlook

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Korea
    • Australia
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com

About Us

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.

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Phone: +1 209 498-3066

Email: Sales@bizwitresearch.com

Website: www.bizwitresearch.com

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