Global Mining Drills and Breakers Market to Reach $22.5 Billion by 2030
The global market for Mining Drills and Breakers estimated at US$13.7 Billion in the year 2022, is projected to reach a revised size of US$22.5 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. Rotary Drills, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$5.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hydraulic Breakers segment is readjusted to a revised 9.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 9.7% CAGR
The Mining Drills and Breakers market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.Select Competitors (Total 38 Featured) -
- Boart Longyear
- Caterpillar, Inc
- Doosan Corporation
- Energold Drilling Corp
- Epiroc AB
- Furukawa Co., Ltd
- Geodrill Limited
- Komatsu Ltd
- Metso Corporation
- Sandvik AB
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Boart Longyear
- Caterpillar, Inc
- Doosan Corporation
- Energold Drilling Corp
- Epiroc AB
- Furukawa Co., Ltd
- Geodrill Limited
- Komatsu Ltd
- Metso Corporation
- Sandvik AB
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 91 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 13.7 Billion |
Forecasted Market Value ( USD | $ 22.5 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |