Rotary Blasthole Drilling Rig Market
Rotary Blasthole Drilling Rig Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0518
Segments Covered
By
Type Large-range Drilling Rig, Mid-range Drilling Rig, Others
-
By
Application Quarries, Open Pit Mining, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.89 Billion |
 Revenue 2028:
|
3.86 Billion |
 Revenue CAGR
(2021 - 2028): |
3.7 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type
Analysis: Preview On the basis of Type,
the market is segmented into Large-range Drilling Rig, Mid-range Drilling Rig, Others. Large-Range Drilling Rig held the highest
share in the global Rotary Blasthole Drilling Rig
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Application
Analysis: Preview
Based on Application,
the market is segmented into Quarries, Open Pit Mining, Others. Open Pit Mining accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Rotary Blasthole Drilling Rig Market: Type Segment Analysis
-
- Large-range Drilling Rig
- Mid-range Drilling Rig
- Others
Global Rotary Blasthole Drilling Rig Market: Application Segment Analysis
-
- Quarries
- Open Pit Mining
- Others
FAQ
Frequently Asked Question
What is the global demand for Rotary Blasthole Drilling Rig in terms of revenue?
-
The global Rotary Blasthole Drilling Rig valued at 2.89 Billion in 2020 and is expected to reach 3.86 Billion in 2028 growing at a CAGR of 3.7%.
Which are the prominent players in the market?
-
The prominent players in the market are CAT, Schramm, Atlas Copco, Sandvick, KAMA, Sinosteel HYMC, FURUKAWA, Joy..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.7% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Rotary Blasthole Drilling Rig include
- The rise in technological advancements and introduction of various powerful rotary tricone drill rigs are expected to supplement the market growth in the years to come. Moreover, government and other communication groups have focused on increasing the coverage of railroad and roadways, through different geographical areas.
- The rise in construction and infrastructure activities is anticipated to augment the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Rotary Blasthole Drilling Rig in 2020.
