Analysis of DTH Drill Rig market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
DTH (Down the Hole) Drill Rig mechanizes a mini jackhammer screwed in the bottom of a drill string. The continuous hammer action of the jackhammer breaks the hard rock into small flakes and dust is blown clear by the air exhaust from the DTH hammer. The DTH drilling method is widely used for drilling long holes, not only for blasting but also for water wells, shallow gas, and oil wells. In mining, it is also developed for sampling using the reverse circulation technique.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
The key driving factor for the global DTH drill rig market is the incessantly sprouting oil & gas and infrastructure development sector, which has prompted an increase in demand for DTH drill rigs across all developing economies. The macroeconomic factors, such as thriving mining activities and up gradation in oil & gas exploration & production activities, along with an increase in replacement & up-gradation of underground infrastructure in many countries are further boosting the demand for DTH drill rigs.
The significant increase in demand for DTH drill rigs due to their convenience and highly efficient operation as compared to conventional drilling methods is anticipated to drive the global DTH drill rig market. Moreover, the burgeoning demand for rare earthy metals and natural resources are also expected to propel the demand for the DTH drill rig.
The wide-scale application of the DTH drill rigs, owing to improvement in drilling sensors and global positioning system, has helped attain immense improvement in the drilling process, which is further likely to anticipate an optimistic influence on the market growth. The key restraining factors, such as high cost, the complex installation process of DTH drill rig, and the need for highly skilled operators may hinder the global DTH drill rig market growth over the forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
The global DTH Drill Rig market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, East Asia is projected to account for a notable market share due to the predominant mining exploration activities across the region.
South Asia is anticipated to witness a high growth in the global DTH drill rig market owing to a rise in mining, construction, and water exploration activities. Furthermore, MEA and Latin America are projected to showcase the most enthusiastic growth in the global DTH drill rig market due to the rise in urbanization coupled with a surge in oil & gas consumption across the region.
Europe and North America are some of the key matured regions that will create praiseworthy opportunities in the global DTH drill rig market over the forecast period due to the existence of significant oil & gas and mineral reserves coupled with a robust infrastructure.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Prominent players for the global DTH Drill Rig market are
among other key market players. The DTH drill rig market consists of well-diversified global and regional players with the global vendors ruling the market.
The research report presents a comprehensive assessment of the DTH Drill Rig market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The DTH Drill Rig market report provides analysis and information according to market segments such as drill depth, drilling type, mounting type, application, end use sector and region.
The DTH Drill Rig report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The DTH Drill Rig report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The DTH Drill Rig report also maps the qualitative impact of various market factors on market segments and geographies.
The global DTH drill rig market is segmented on the basis of drill depth, drilling type, mounting type, application, end-use sector and region.
Based on the drill depth, the global DTH drill rig market is segmented as:
Based on the drilling type, the global DTH drill rig market is segmented as:
Based on the mounting type, the global DTH drill rig market is segmented as:
Based on the application, the global DTH drill rig market is segmented as:
Based on the end-use sector, the global DTH drill rig market is segmented as:
The vertical drilling DTH drill rig market held the maximum share in 2018, as compared to horizontal drilling. On the other hand, among the end-user segment, the mining segment is anticipated to see substantial market growth over the forecast period, attributed to increasing mineral exploration in the mining sector across all major mineral-rich economies.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesPre Book
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
Asia Pacific accounts for 40% share of the global DTH drill rig market.
The DTH drill rig market is projected to expand at a CAGR of 2% through 2029.
At present, the DTH drill rig market is valued at US$ 660 million.
Need An Exclusive Report For Your Unique Requirement?