DTH Drill Rig Market
DTH Drill Rig Market Analysis by Drill Depth (Upto 50 m, 51 - 100 m, Above 100 m), by Drilling Type (Vertical Drilling, Horizontal Drilling), by Mounting Type (Track/Crawler Mounted, Truck Mounted DTH Drill Rig), by Application, by End-use Sector & Regional Forecast 2019-2029
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 Drill Rig Market: Introduction
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.
DTH Drill Rig Market: Dynamics
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.
DTH Drill Rig Market: Regional Outlook
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.
DTH Drill Rig Market: Prominent players
Prominent players for the global DTH Drill Rig market are
- Geonex Oy
- BBURG International GmbH & Co. KG
- Zhangjiakou Xuanhua Jinke Drilling Machinery Co., Ltd.
- Sandvik AB
- Epiroc AB
- Boart Longyear Ltd.
- FURUKAWA CO.,LTD
- Morath GmbH
- Caterpillar Inc.
- SANY Group Co., Ltd,
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.
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The DTH Drill Rig Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The DTH Drill Rig Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of LatAm)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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.
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The DTH Drill Rig Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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DTH Drill Rig Market: Segmentation
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:
- Upto 50 m
- 51 - 100 m
- Above 100 m
Based on the drilling type, the global DTH drill rig market is segmented as:
- Vertical Drilling
- Horizontal Drilling
Based on the mounting type, the global DTH drill rig market is segmented as:
- Track/Crawler Mounted
- Truck Mounted
Based on the application, the global DTH drill rig market is segmented as:
- Blasthole Drilling
- Well Drilling
- Deep Hole Drilling
- Foundation Drilling
Based on the end-use sector, the global DTH drill rig market is segmented as:
- Oil and Gas
- Water Exploration (Water wells)
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.
- FAQs -
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.