What is Global Crawler Drilling Rig Market?
The Global Crawler Drilling Rig Market is a comprehensive study of the various aspects of the drilling rig industry on a global scale. A crawler drilling rig is a machine mounted on a tracked platform and is used for drilling holes in the ground. These machines are primarily used in the construction and mining industries for exploration and extraction purposes. The market for these machines is vast and diverse, with numerous manufacturers and suppliers operating worldwide. The market's value was estimated at US$ 2646.4 million in 2022, and it is expected to grow to US$ 3446.6 million by 2029. This growth is projected to occur at a Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2029.
Top Hammer Blasthole Drill, Down the hole - Blasthole Drill, Rotary Blasthole Drill in the Global Crawler Drilling Rig Market:
The Global Crawler Drilling Rig Market is segmented based on the type of drilling rig. The three main types are Top Hammer Blasthole Drill, Down the Hole - Blasthole Drill, and Rotary Blasthole Drill. The Top Hammer Blasthole Drill is the most popular type, accounting for over 53% of the market. This type of drill is used for drilling blast holes in quarries, mines, and construction sites. The Down the Hole - Blasthole Drill is another type of drill used in the mining and construction industries. The Rotary Blasthole Drill is used for drilling large diameter blast holes in open-pit mining and rock excavation projects. These three types of drills are essential tools in the mining and construction industries, and their demand is expected to increase in the coming years.
Mining, Engineering Work in the Global Crawler Drilling Rig Market:
The Global Crawler Drilling Rig Market is also segmented based on its applications. The two main areas of application are Mining and Engineering Work. In the mining industry, crawler drilling rigs are used for exploration and extraction of minerals. They are used to drill blast holes in the ground for the extraction of minerals. In engineering work, these machines are used for various purposes such as drilling holes for foundations, road construction, and other infrastructure projects. The mining industry is the largest consumer of these machines, accounting for over 58% of the market. The demand for these machines in the engineering work sector is also expected to increase in the future.
Global Crawler Drilling Rig Market Outlook:
The Global Crawler Drilling Rig Market outlook highlights the market's growth and the dominance of certain segments. The market was valued at US$ 2646.4 million in 2022 and is expected to reach US$ 3446.6 million by 2029. This growth is expected to occur at a CAGR of 3.8% during the forecast period from 2023 to 2029. The Top Hammer Blasthole Drill is the largest product segment, accounting for over 53% of the market. The mining industry is the largest application segment, accounting for over 58% of the market. The top five players in the market account for about 70% of the market share. These figures indicate the market's potential for growth and the dominance of certain segments and players.
| Report Metric | Details |
| Report Name | Crawler Drilling Rig Market |
| Accounted market size in 2023 | US$ 2755.5 million |
| Forecasted market size in 2029 | US$ 3446.6 million |
| CAGR | 3.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Sandvik, Epiroc, Komatsu, Boart Longyear, Furukawa, Caterpillar, Sunward, Sany, Hausherr, Schramm, Hongwuhuan, Junjin CSM, Siton, Koncon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
