Diamond Core Drilling Market - Steady Growth Despite Limited Applications
The advent of diamond core drilling machines is no lesser than a revolution, especially for the construction industry, which has been through an era of chisels and hammers that consumed a large number of resources. The ‘high cost’ deterrent of diamond core drilling machines, their bounded application territories in the construction and mining industries, and yet the landscape is projected to evince an above-average growth during 2019-2029. Unsurprisingly, an upsurge in the mineral production rate has a pivotal role to play in the fortification of the sales. An increase - albeit a steady one - in the demand for minerals, including diamond, gold, zinc, lead, and uranium, will continue to unearth the true potential of the diamond core drilling market. However, with huge cost benefits offered by the reused diamond core drilling machines, high investment in a brand-new machine seems like a no-brainer to end users. The effects of such sparks are levying high impact on the sales of diamond core drilling machines, especially in cost-sensitive developing countries.
Diamond Core Drilling Market - Key Research Findings
- The global diamond core drilling market size is forecast to reach ~US$ 1.6 Bn in 2019.
- The diamond core drilling market is estimated to grow at a CAGR of ~6% during the forecast period of 2019-2029.
- Significant growth of the construction industry is projected to increase the demand for diamond core drilling at the global level.
- Collectively, Europe, East Asia, and South Asia, are expected to account for more than half of the value share in the global diamond core drilling market during the forecast period.
- In East Asia, China is expected to have substantial growth, owing to the increasing demand from the construction industry and is anticipated to continue to be a prominent regional market for diamond core drilling.
- The rising demand for automation in industries to make easy and accurate operations is expected to boost to the global diamond core drilling market.
- For instance, manufacturers are developing cutting edge diamond core drilling machines with digital control panels to provide fast and accurate working on job site.
Key Factors Shaping the Diamond Core Drilling Market
Growing Mineral Production Rate Expected to Support the Market Growth
The growing global mineral production in the market is projected to support the growth of mining equipment in the global market. According to World Mining Data report, the global mineral production rose to ~17.2 Bn metric tons in 2017 from ~16.9 Bn metric tons in 2016. Additionally, in terms of volume, the top 15 mineral production countries hold around 80.9% share in the global mineral production. China is a prominent mineral producer of 31 different commodities in the world and holds around 23.9% share in the global mineral production.
Moreover, the growing demand for materials such as diamond, uranium, zinc, gold, lead, coal, tin, copper, braze alloys, nickel and nickel alloys, is expected to boost the growth of underground mining, and relatively drive the growth of the diamond core drilling market during the forecast period.
Growth in the Construction Industry Expected to Boost the Diamond Core Drilling Market
Rising population is indirectly shaping the construction industry across the globe. The new ongoing construction building requires renovations in the construction industry, which is expected to increase the demand for diamond core drilling in the upcoming years. Governments are focusing on the rising spending on infrastructure and there are government-proposed policies and plans to connect rural areas to urban areas. To accomplish this, government is outlaying significant money to make concrete roads. To check the road quality, some contractors are using diamond core drilling to take the sample and project the life of the road. The aforementioned factor is expected to increase the sales of the diamond core drilling in the near future.
Diamond Core Drilling Market Structure Analysis
- The global diamond core drilling market represents a consolidated competition landscape, where a majority of key players maintain their strategic focus on the acquisitions and product launches, and developing new technologies in the market.
- In February 2018, Hilti Corporation completed strategic partnership with Fieldwire, to leverage digital and hardware technology, driving the productivity on construction sites.
- In January 2018, Atlas Copco completed the acquisition of assets with South African manufacturer and distributor of drilling consumables for mining exploration namely Renegade Drilling Supplies Proprietary Ltd.
- Manufacturers of diamond core drilling are currently focusing on launching new diamond range products.
- In October 2018, MASSENZA Drilling Rigs Srl manufactured fully automatic and radio remote controlled new MI12 drilling rig with infrared security barrier.
- In March 2017, Hilti Corporation launched 60 new products, including diamond core drilling bits to boost its sales growth.
- Prominent manufacturers of diamond core drilling are also focusing on launching customized products for diverse application.
- In October 2018, MASSENZA Drilling Rigs Srl delivered a new customized drilling rig MI8 machine in Eastern Europe with the reverse-circulation system.
- For a strong traction in target markets, despite of the expensive rate of diamond core drilling motors that restricts small-scale industries from purchasing motors, companies are focusing on the mass marketing strategy and bulk manufacturing capacity, which increases its adoption, providing notable sales in the market.
Adoption of Handheld Vs. Rig-operated Machines - Ergonomics have a Pivotal Role to Play
Over the last few decades, governments of numerous countries have been advocating that industrialists take ample workplace safety measures, in the best interest of their workers and equipment, which applies to even construction and mining industries. The legislation of stringent regulatory protocols for underground diamond core drilling machines has led to the underway shift from handheld machines to rig-operated machines. However, beside the workplace safety norms, end-use industries are being conscious about the ergonomics of rig-operated machines, which is leading to a massive uptake in their adoption. In addition, the ideology of ‘high-quality over cost-efficiency’ is also being instrumental to this shift. However, volume sales of handheld machines are projected to outgrow that of rig-operated machines’, given the substantially low per-unit price.
A Game-changing Scenario to Focus on
A striking aspect of the diamond core drilling market to look for, will be the reshuffling of the regional rank of North America and East Asia, in 2019, given the high adoption of drilling machines in the construction industry, in China, Japan, and South Korea. However, South Asia is projected to upkeep its leading stance, considering the presence of economically crucial mineral reserves and an impressive stride of the construction industry in the region.
Automation and Customization - Two Keys to Unlock a Fructuous Future
With stringent regulations at play that require manufacturers to adopt sophisticated controls, at the cost of process complexity, remotely-operated diamond core drilling machines with safety interlocking functionalities and automatic shutdown modes are gaining significance as the preferred operating method. In addition, programmable diamond core drilling machines simplify the electronic circuitry, meaning, manufacturers can achieve reduced size, weight, and per-unit cost. As the number of supply partnerships increases among the end-use players and diamond core drilling machine manufacturers, trends of custom-development over standard development will continue to gain importance in the industry. The end-use industries put forward their specific product requirements, along with the dimensions, vary of those produced in uniform batches, to ensure utmost precision and better outcomes.
Stitch drilling to gain high traction
Preference for surface drilling grows
Rotary drilling remains highly preferred
Significance of wireline drilling to surge
Construction industry remains top end user
Use in mining industry grows significantly
High preference for rig-operated machines
Handheld machine sales increase exponentially
How Growth will Unfold
In the consolidated landscape, wherein the potential of leading players - Hilti Corporation, Robert Bosch GmbH, and Boart Longyear - plays instrumental to the movement of the entire industry, stringent quality and workforce safety protocols create an entry barrier for new players. The profitability of existing market players hinges on their flexibility to step up with the evolutionary landscape. A shift to customized process, away from standard manufacturing process will remain imminent for manufacturers. Manufacturers can leverage inorganic growth strategy to gain exposure in the overseas territories. Since high prices of diamond core drilling machines may impact the performance of market players, devising a cost-competitive strategy in the developing countries by squeezing the profit margins can help achieve payback opportunities, along with a consolidated position in the long run.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Diamond Core Drilling Market Analysis 2019-2029
A recent market study published by FMI on the diamond core drilling market includes the global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the diamond core drilling market, the growth prospects of the market are obtained with maximum precision.
Diamond Core Drilling Market Taxonomy
The global diamond core drilling market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Operation Type
- Hand Held
- Rig Operated
By Drilling Technique
- Stitch Drilling
- Underwater Diamond Drilling
- Surface Drilling
- Underground Drilling
By Drilling Type
- Rotary Drilling
- Wireline Drilling
By End Use
- Construction Industry
- Mining Industry
- Open Pit Mines
- Closed Pit Mines
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
- Emerging Country
What's Included
The report starts with the executive summary of the diamond core drilling market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the diamond core drilling market. Here, the team also includes the technology development particularly for the diamond core drilling market.
Readers can find the definition and a detailed taxonomy of the diamond core drilling market in this chapter, which will help them understand the basic information about the diamond core drilling market. Along with this, a comprehensive information pertaining to diamond core drilling is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the diamond core drilling market report.
In this chapter, we have covered validated key success factors such as customized product, and technology development, among others. Moreover, stockholders can find top four success factors that can positively fortify their business in between the influx of competitors.
This section explains the global market value analysis and forecast for the diamond core drilling market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical diamond core drilling market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
This section includes the pricing analysis of the diamond core drilling market at the global level. For comprehensive analysis, team provided separate prices for handheld diamond core machines and rig operated diamond core machines for 2019 as well as 2029.
This section explains the global market value analysis and forecast for the diamond core drilling market between the forecast periods of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the diamond core drilling market over the forecast period. Along with the forecast factors, this section also highlights the value chain, market projection by key countries, and key contractors for the diamond core drilling market. Moreover, in-depth information about the market dynamics and their impact analysis on the regional market have been provided in the successive section.
Based on the drilling technique, the diamond core drilling market is segmented into stitch drilling, underwater diamond drilling, surface drilling, and underground drilling. In this chapter, readers can find information about the key trends and developments in the diamond core drilling market, and market attractiveness analysis based on the drilling technique.
This chapter provides details about the diamond core drilling market based on the drilling type, and has been classified into rotary drilling and wireline drilling. In this chapter, readers can also understand the market attractiveness analysis based on the drilling type.
This chapter provides details about the diamond core drilling market based on the operation type, and has been classified into handheld and rig operated. In this chapter, readers can understand the market attractiveness analysis based on the operation type.
This chapter provides details about the diamond core drilling market based on the end use, and has been classified into the construction industry and mining industry. In this chapter, readers can understand the market attractiveness analysis based on the end use.
This chapter explains how the diamond core drilling market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America diamond core drilling market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, impact analysis of market dynamics, and market growth according to various segments and countries in North America.
This chapter provides the growth scenario of the diamond core drilling market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the diamond core drilling market based on its end users in several countries, such as Germany, the U.K., France, Spain, Italy, Russia, Benelux, and the Rest of Europe, are included in this chapter.
This chapter highlights the growth of the diamond core drilling market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the diamond core drilling market in East Asia.
In this chapter, India and ASEAN countries are the prominent countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia diamond core drilling market. Readers can find detailed information about the growth parameters of the South Asia diamond core drilling market during the forecast period of 2019-2029.
This chapter highlights the growth of the diamond core drilling market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the diamond core drilling market in Oceania.
This chapter provides information about how the diamond core drilling market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Iran, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights the growth prospects of the diamond core drilling market for emerging markets such as India, China, and Brazil.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players, market positioning, and competition dashboard in the diamond core drilling market, along with their market presence analysis by region and product mapping. Moreover, in this chapter, readers can find a comprehensive list of all the prominent stakeholders in the diamond core drilling market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Hilti Corporation, Atlas Copco (India) Ltd., and WEKA Elektrowerkzeuge KG, Robert Bosch GmbH, Boart Longyear, Elektrowerkzeuge GmbH Eibenstock, MASSENZA Drilling Rigs Srl, Milwaukee Tool, Controls S.p.A., Epiroc Mining India Limited, KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH, Shibuya Company, Ltd., APC Drilling & Constructions Private Limited, ROCKDRIL (INDIA), and Husqvarna AB.
In this chapter, the team provided a list of suppliers, sellers, and dealers specifically for diamond core drilling.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the diamond core drilling market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the diamond core drilling market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Mining Publication International
- World mining congress etc.
- Industry Associations
- Australia Mining Association
- National Mining Association
- Association of mining and exploration Companies
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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