Description
The
global mining drills and breakers market is expected to reach USD 17.03 billion
by 2025, according to a new report by Grand View Research, Inc. Factors such as
changes in manufacturing techniques, including the development of infrared,
sonic, and optical micro cameras, to measure parameters in a borehole;
development of high-performance drill heads and core bits have increased the
feasibility of the mining equipment, thereby propelling the industry growth.
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The
increase in demand for underground mining equipment owing to proactive changes
in energy efficiency regulations by various governments across the globe is
contributing to the industry growth. Mining solutions based on the ongoing
requirements for energy efficiency, improved safety, and reduced environmental
impact are expected to positively affect the industry growth.
The
growing focus of consumers on their core processes and the increasing demand
for services are contributing to the growth of mining drills and breakers
market. Additionally, automation has gained prominence in the industrial
manufacturing and process industries, which is leading to reliable product
quality, effective processes, and high production volume. In an attempt to
increase efficiency, drilling contractors are also seeking to automate their
process with the help of remote controlling, automation, and robotics.
Furthermore,
mining companies are focusing on improving their safety and environmental
records, transferring the standards governing these aspects of production to
the equipment suppliers. These changes are expected to enhance productivity and
the quality of drills & breakers. Mine operators are seeking opportunities
for equipment that can operate in remote, deeper mines and efficiently handle
the declining ore grades, thereby placing emphasis on availability, enhanced
productivity, and cost optimization.
Further key findings from the report
suggest:
•
The hydraulic breakers segment is expected to grow the fastest, registering a
CAGR of over 10% from 2017 to 2025.
•
The metal mining application is expected to grow at a CAGR of over 9.5% owing
to continuous growth and developments in the construction, infrastructure, and
automotive sectors.
•
Asia Pacific is expected to be the fastest-growing region. Favorable mining
policies regarding exports of metals and minerals are expected to impact the
regional growth positively over the next few years.
•
The Middle East and Africa (MEA) region is expected to contribute over 5% to
the total revenue share by 2025. The provision of incentives to investors in
mineral-based manufacturing is expected to further drive regional growth.
•
Key players in the industry include Metso Corporation, Komatsu Ltd.,
Caterpillar Inc., Sandvik AB, and Atlas Copco AB
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope &
Assumptions
Chapter 2 Executive Summary
2.1 Mining Drills &
Breakers - Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 Mining Drills & Breakers
Industry Outlook
3.1 Market Segmentation and
Scope
3.2 Mining Drills &
Breakers - Market Size and Growth Prospects
3.3 Mining Drills &
Breakers - Value Chain Analysis
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