Auger Drilling Machine Market Forecast and CAGR
The latest business intelligence report by Fact.MR indicates that demand for auger drilling machines will increase in 2021. With the effect of COVID-19 easing, the global drilling market will march toward positive growth
The industry analysis report on auger drilling machines is based on market sales analysis for 2016-2021. Market forecast for 2021-2031 is offered by the study.
Key developments in auger drilling machine landscape
Auger Drilling machine remains a lucrative commodity due to its diversified utility. The drilling machine market was significantly impaired after the global pandemic. However, the demand is projected to restrain the barriers and increase at a faster pace.
The trend in construction and mining continues at an all-time high. Likewise, the auger drilling machine market is also expected to grow. The increased application in agriculture and industries will boost the drilling market. Manufacturers are fostering advancements in technology as per the geographical turf.
The constraint to maintain efficiency and viable drilling is pushing the key players to think out of the box. For instance, a key manufacturer like Andreas Stihl co. is working to manufacture an Auger-drilling machine that can efficiently work in tough soils.
The company is focusing on delivering practical control with precision and power in the machine. As per the requirement, producers like Auto Guide Equipment. are developing drilling solutions for conditions like concrete & rock drilling.
These evolvements will strengthen the auger-drilling machine market.
The utility of auger drilling machines in plantation of trees, setting up the fence will upscale the market growth rate. However, the unplanned geographical catastrophe may cause obstruction in the drilling process which increases the operation cost.
The Auger drilling machine is projected to gain positive momentum with the growth in the construction sector. In addition to this, the increased mining activities will broaden the use of auger drilling machines.
Rising investments in highways and rail projects will have a positive impact on the auger drilling market. The global drilling market is expected to witness a stable growth rate in the forthcoming years.
Know More Details About the Report
An auger drilling machine is used to drill holes through a gouging motion with the drill bit. This type of drilling process is called auger drilling or auger boring.
Auger drilling machines find application in the field of construction, mining and railways for environmental and geotechnical sampling. In addition to that, auger drilling machines are used in fence post setting, tree planting, road construction, etc.
Two types of auger drilling machines are commonly used among end-user industries. The first is the Continuous Flight Auger where cutting products are brought to the surface by the helical edge of the drill bit, and the second is the Bucket
Auger, which is used for deep boreholes, and the cuttings get collected in a bucket. Auger drilling machines are truck mounted for small projects and bigger auger drilling machines are used in sinking piles for building bridge foundations.
Auger drilling machines offer deep penetration and low operational cost and are free of contamination fluid.
Key trends influencing demand for auger drilling machines
The market for auger drilling machines is mostly depending the applications required and the common requirement is to penetrate the ground particularly for tough soils.
The market for these types of power tools is currently growing at a steady growth trend and it is supporting the manufacturers to produce auger drilling machine. Advancements in deep boring with various types of drill bits have positively impacted the growth of the global auger drilling market.
The growth of the drilling machine is also supported by the use of advanced materials for drill bits and coating or plating the drill bits to avoid corrosion. The advancements in ergonomics by offering less vibration handlebar has largely supported the growth of the global drilling machine market. More Details
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Auger drilling sales across key regions:
North America and Western Europe are key regions in the global auger drilling machine market. The manufacturers of auger drilling machines are mostly based in Germany, the U.K., Japan, the U.S., and Australia.
The auger drilling machine market is expected to have a linear growth trend in Asian countries such as China, India, Indonesia, and Japan.
In the last decade, China witnessed major growth momentum in the auger drilling machine market, which can be attributed to the growth of the construction industry in the region.
The construction industry is driving the global auger drilling machine market and is expected to continue to do so over the forecast period.
The mining industry is expected to witness a stable growth trend as the government regulations for mining operations have reduced greenfield and brownfield projects.
Manufacturers of auger drilling machines are expected to focus on economies with major industrial growth such as those in South East Asia.
Further, the creation of metro cities and investments in highways and railways will positively impact the adoption of auger drilling machines over the forecast period.
Key manufacturers of Auger drilling machine are:
- Andreas Stihl AG & Co. KG
- Autoguide Equipment
- Barbco Inc.
- Champion Equipment
- Charles Machine Works
- EMDE Industrie-Technik GmbH
- Herrenknecht AG
- Hyundai Power Equipment.
- Little Beaver, Inc.
- Prime Hitech Engineering Limited
- Terex Corporation
- Vida XL International B.V.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.
Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
An Adaptive Approach to Modern-day Research Needs
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain.
Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed.
Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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The global auger drilling market can be segmented on the basis of type of drill, operation, mounting, application and end use.
On the basis of type of drill, the global auger drilling market has been segmented into:
- Vertical Augur Drill
- Horizontal Augur Drill
- Telescopic Augur Drill
On the basis of operation, the global auger drilling machine has been segmented into:
- Electric Auger Drilling Machine
- Hydraulic Auger Drilling Machine
- Petrol based
- Gasoline based
On the basis of mounting, the global auger drilling market has been segmented into:
- Truck mounted auger
- Handheld or portable auger
On the basis of application, the global drilling machine market has been segmented into:
- Soil sampling
- Drilling environmental test wells
- Foundation repair
- Wood drill
On the basis of end use, the global drilling machine market has been segmented into:
- Oil and gas
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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