DTH Drill Rig Market Insights Focusing on Primary Trends until 2029
The key restraining factors, such as high cost, complex installation process of DTH drill rig and need for highly skilled operators may hinder the global DTH drill rig market growth over the forecast period.
[USPRwire, Tue Oct 01 2019] DTH (Down the Hole) Drill Rig mechanizes a mini jackhammer screwed in the bottom of a drill string. The continuous hammer action of the jackhammer breaks the hard rock into small flakes and dust is blown clear by the air exhaust from the DTH hammer. The DTH drilling method is widely used for drilling long holes, not only for blasting, but also for water wells, shallow gas and oil wells. In mining it is also developed for sampling using reverse circulation technique.
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DTH Drill Rig Market: Dynamics
The key driving factor for the global DTH Drill Rig Market is the incessantly sprouting oil & gas and infrastructure development sector, which has prompted an increase in demand for DTH drill rig across all developing economies. The macroeconomic factors, such as thriving mining activities and up gradation in oil & gas exploration & production activities, along with an increase in replacement & upgradation of underground infrastructure in many countries is further boosting the demand for DTH drill rig. The significant increase in demand for DTH drill rig due to its convenience and highly efficient operation as compared to conventional drilling methods is anticipated to drive the global DTH drill rig market. Moreover, the burgeoning demand for the rare earthy metals and natural resources are also expected to propel the demand for DTH drill rig. The wide scale application of the DTH drill rigs, owing to improvement in drilling sensors and global positioning system, has helped attain immense improvement in the drilling process, which is further likely to anticipate an optimistic influence on the market growth. The key restraining factors, such as high cost, complex installation process of DTH drill rig and need for highly skilled operators may hinder the global DTH drill rig market growth over the forecast period.
Vertical drilling DTH drill rig market held the maximum share in 2018, as compared to horizontal DTH drill rigs. On the other hand, among end-user segment, the mining segment is anticipated to see substantial market growth over the forecast period, attributed to increasing mineral exploration in mining sector across all major mineral rich economies.
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DTH Drill Rig Market: Regional Outlook
The global DTH Drill Rig market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, East Asia is projected to account for a notable market share due to the predominant mining exploration activities across the region. South Asia is anticipated to witness a high growth in the global DTH drill rig market owing to a rise in mining, construction and water exploration activities. Furthermore, MEA and Latin America are projected to showcase most enthusiastic growth in the global DTH drill rig market due to the rise in urbanization coupled with a surge in oil & gas consumption across the region. Europe and North America are one of the key matured regions that will create praiseworthy opportunity in the global DTH drill rig market over the forecast period due to the existence of significant oil & gas and mineral reserves coupled with robust infrastructure.
DTH Drill Rig Market: Prominent players
Prominent players for the global DTH Drill Rig market are Geonex Oy, BBURG International GmbH & Co. KG, Zhangjiakou Xuanhua Jinke Drilling Machinery Co., Ltd., Sandvik AB, Epiroc AB, Boart Longyear Ltd., FURUKAWA CO.,LTD, Morath GmbH, Caterpillar Inc. and SANY Group Co., Ltd, among other key market players. The DTH drill rig market consists of well-diversified global and regional players with the global vendors ruling the market.
The research report presents a comprehensive assessment of the DTH Drill Rig market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The DTH Drill Rig market report provides analysis and information according to market segments such as drill depth, drilling type, mounting type, application, end use sector and region.
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