Diamond Core Drilling Market to Record an Exponential CAGR by 2019-2029

1
Significant Growth Foreseen by Diamond Core
Drilling Market During 2019-2029

• March 2020

Report Id REP-GB-10337 Published On
September-2019 Category Industrial Automation
and Equipment
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Diamond Core Drilling Market Analysis

• Significant Growth Foreseen by Diamond Core
  Drilling Market During 2019-2029
• A new market research report by Future Market
  Insights on the diamond core drilling market
  includes a global industry analysis 20142018 and
  opportunity assessment 20192029. The report
  investigates the diamond core drilling market and
  provides critical insights for the forecast
  period of 2019-2029. As per the findings of the
  report, the global diamond core drilling market
  is projected to experience moderate growth over
  the forecast period, on the account of increasing
  mining and construction activities across the
  globe.
• The global diamond core drilling market is
  projected to be valued at US 1.6 Bn in 2019,
  and is expected to increase at a CAGR of 6
  during the forecast period 2019-2029. This growth
  is majorly driven by the growing mineral
  production rate and rising construction industry
  worldwide.
• As industries focus on efficiency, not only of
  cost but also of time and resources, two trends
  are likely to be the mainstay of the diamond core
  drilling market - Automation and Customization.
  The current stream of innovation in stitch,
  underwater, surface, and underground drilling is
  projected to advance with automation, as it will
  act as a twofer to suffice the dire need for
  safety and greater productivity for construction
  and mining operations.
• East Asia Market to Gain Traction over the
  Forecast Period
• Europe and South Asia regions are estimated to
  hold significant shares in the global diamond
  core drilling market. However, East Asian market
  is anticipated to witness lucrative growth in the
  global diamond core drilling market over the
  forecast period of 2019-2029. This growth is
  propelled by rapid development in the underground
  mining activities in countries such as China and
  Japan.

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Diamond Core Drilling Market Analysis

• In view of steady economic conditions, the
  governments in East Asia are increasingly
  investing in mineral production, mining
  exploration, and construction and infrastructural
  activities. As a consequence, the construction
  industry of East Asia has gained a significantly
  positive momentum over the past years. This is
  expected to result in robust growth in the
  adoption of diamond core drilling in the East
  Asia region. 
• Manufacturers Inclined Towards the Development of
  Customized Products in Diamond Core Drilling
  Market
• The global market of diamond core drilling has
  been segmented on the basis of different types
  considering the regions such as North America,
  Latin America, Europe, East Asia, South Asia,
  Oceania, and the Middle East and Africa.
• By operation type, the diamond core drilling
  market is segmented into handheld and rig
  operated. The rig operated segment is expected to
  hold a significant market value share in the
  global diamond core drilling market
• By drilling technique, the diamond core drilling
  market is segmented into four types such as
  stitch drilling, underwater diamond drilling, and
  surface drilling, and underground drilling.
  Stitch drilling segment is expected to consume a
  majority value share of the global diamond core
  drilling market. Whereas the surface drilling
  technique is expected to have healthy market
  share in overall forecast period

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Diamond Core Drilling Market Analysis

• Diamond Core Drilling Market Vendor Insights
• The report highlights some of the market players
  in the global diamond core drilling market are
  Hilti Corporation, Atlas Copco (India) Ltd., 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.
• The manufacturers of diamond core drilling motor
  are focusing on technological advancement, which
  is expected to increase the sales in the upcoming
  years.
• The global diamond core drilling market is
  consolidated with some players holding prominent
  shares of the market. Top four market players is
  expected to hold the significant share in the
  global diamond core drilling market.
• Sourcehttps//www.globenewswire.com/news-release/
  2019/09/11/1914063/0/en/Diamond-Core-Drilling-Mark
  et-is-estimated-to-grow-at-a-CAGR-of-6-during-the-
  forecast-period-of-2019-to-2029-Future-Market-Insi
  ghts.html
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7
Diamond Core Drilling Market Analysis

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