Mining Rock Drilling Jumbo Market
Mining Rock Drilling Jumbo Market Forecasts to 2030 - Global Analysis By Type (Single-Arm Drilling Jumbos, Double-Arm Drilling Jumbos and Other Types), Application (Underground Mining, Quarrying, Exploration and Geotechnical Drilling, Industrial Mining and Other Applications) and by Geography
|
CAGR (2023 - 2030) |
5.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Middle East & Africa |
According to Stratistics MRC, the Global Mining Rock Drilling Jumbo Market is growing at a CAGR of 5.2% during the forecast period. A specialized piece of machinery used for drilling and excavation in underground mines is called a Mining Rock Drilling Jumbo. In order to extract minerals and ores from beneath the surface of the earth, this sturdy machine is essential. The jumbo can precisely drill holes for explosives or remove rock samples because it has strong drilling arms and a robust chassis. Moreover, its adaptability enables effective excavation and tunnelling in a range of mining operations. To maintain worker safety and productivity, the operator monitors the drilling process from a secure distance.
According to mines act 1952 working hours for all workers, both surface & UG , have been reduce to work more than 9 hours a day and more than 48 hours a week and a person shall not be allowed to work more than 6 days in a week, there must be at least 1 day of rest.
Market Dynamics:
Driver:
Expanding mining operations underground
The increasing importance of underground mining due to the exhaustion of readily accessible surface deposits highlights the vital role that rock drilling jumbos play in the underground resource extraction process. These specialized machines work well in difficult subterranean environments, drilling precise boreholes and building complex tunnel systems. Additionally, the versatility and dependability of rock drilling jumbos become essential for extracting valuable resources from beneath the surface of the earth as mining operations expand into deeper and more intricate geological formations.
Restraint:
Environmental effects and energy consumption
High energy consumption is a result of the energy-intensive nature of mining operations as well as the power needs of rock drilling jumbos. This raises environmental concerns in addition to increasing operating costs, especially in areas where the energy grid heavily depends on non-renewable sources. Furthermore, the industry still faces difficulties striking a balance between the requirement for robust drilling equipment and a dedication to sustainability.
Opportunity:
Integration of automation and artificial intelligence
The mining rock drilling jumbo market offers a substantial opportunity due to the ongoing integration of automation and artificial intelligence (AI). By eliminating the need for direct human intervention, advanced autonomous features can optimize production rates, improve safety, and improve drilling precision. Moreover, by integrating AI algorithms, predictive maintenance can be made possible, which reduces downtime and improves overall operational effectiveness.
Threat:
Volatility and economic downturns
Market volatility and economic downturns are two major risks to the mining rock drilling jumbo market. Mining companies may decide to reduce expenses, postpone investments, or scale back operations during uncertain economic times. Additionally, rock Drilling Jumbos sales and future growth prospects may be directly impacted by this decreased demand, making the market more vulnerable to changes in the state of the world economy.
Covid-19 Impact:
The mining rock drilling jumbo market has been impacted by the COVID-19 pandemic in a number of ways. Project delays and a slowdown in mining activities were caused by disruptions in global supply chains, a lack of labor, and strict lockdown measures in different regions. Furthermore, investment choices were impacted by the pandemic's economic downturn, with some mining companies postponing capital expenditures. Although the mining industry's vitality guaranteed its survival, obstacles like a lack of workers, hiccups in logistics, and fluctuations in commodity prices made for a challenging working environment.
The Single-Arm Drilling Jumbos segment is expected to be the largest during the forecast period
The single-arm drilling jumbos segment has the largest share. These devices are preferred because of their adaptability, effectiveness, and simplicity of use, which make them ideal for a variety of mining applications. When drilling precisely in smaller or more constrained underground spaces, single-arm jumbo drills are especially useful. Another reason for their popularity is that they are comparatively less expensive than double-arm drill jumbos. Furthermore, as technology has developed, single-arm drilling jumbos' capabilities and design have continued to improve, securing their dominant position in the market.
The Exploration and Geotechnical Drilling segment is expected to have the highest CAGR during the forecast period
In the Mining Rock Drilling Jumbo market, exploration and geotechnical drilling segment are projected to have the highest CAGR. This market is growing as a result of rising exploration efforts for undiscovered mineral resources and a growing need for precise geological data. In the preliminary stages of mining projects, exploration and geotechnical drilling jumbos play a critical role in providing accurate information on the mineral deposits and composition of the soil. Moreover, these drilling jumbos are becoming more effective and adaptable thanks to technological developments, meeting the changing demands of the exploration and geotechnical industries.
Region with largest share:
With the largest market share, the Asia-Pacific region is clearly the dominant force in the mining rock drilling jumbo market. This is primarily due to the region's extensive mining activities, especially in rapidly industrializing nations like China, Australia, and India, where there is a constant demand for metals and minerals. The Asia-Pacific region has seen a strong increase in infrastructure projects and mineral exploration efforts, which has increased demand for sophisticated mining equipment, such as rock drilling jumbos. Additionally, the Asia-Pacific region's continued dominance in the mining rock drilling jumbo market is largely due to technological developments and a proactive approach to implementing creative drilling solutions.
Region with highest CAGR:
In the mining rock drilling jumbo market, the Middle East and Africa (MEA) region is projected to have the highest CAGR. Africa stands out as a particularly dynamic sub-region within this larger one, with its mining industry experiencing significant growth. Furthermore, an increase in mining projects and resource extraction is occurring in countries like South Africa, Ghana, and Zambia, which is causing the MEA to grow overall. As mining companies place a higher priority on efficiency, safety, and modernization, the need for sophisticated drilling equipment—especially rock drilling jumbos—is growing.
Key players in the market
Some of the key players in Mining Rock Drilling Jumbo market include Epiroc AB, Sandvik AB, Atlas Copco, Komatsu Ltd., Epiroc AB, J.H. Fletcher & Co., Boart Longyear, Drillman - YDC Inc., SUNWARD Intelligent Equipment Co., Ltd and XCMG Group.
Key Developments:
In November 2023, Epiroc and underground mining contractor Byrnecut have signed a memorandum of understanding (MoU) to develop future electric drive underground loaders. Epiroc underground division president Sami Niiranen said: We are proud to deepen our partnership with Byrnecut with the development of a future-proof, low-emission automated loader in the large segment.
In November 2023, Sandvik has completed the previously announced acquisition of esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions.
In November 2023, Atlas Copco has acquired Hamamcıoğlu Makina, a Turkey-based company focused on the sales and service of air compressor solutions. In an announcement made today, Atlas Copco confirmed that Hamamcıoğlu Makina has become part of the service division within the compressor technique business area.
Types Covered:
• Single-Arm Drilling Jumbos
• Double-Arm Drilling Jumbos
• Other Types
Applications Covered:
• Underground Mining
• Quarrying
• Exploration and Geotechnical Drilling
• Industrial Mining
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mining Rock Drilling Jumbo Market, By Type
5.1 Introduction
5.2 Single-Arm Drilling Jumbos
5.3 Double-Arm Drilling Jumbos
5.4 Other Types
6 Global Mining Rock Drilling Jumbo Market, By Application
6.1 Introduction
6.2 Underground Mining
6.3 Quarrying
6.4 Exploration and Geotechnical Drilling
6.5 Industrial Mining
6.6 Other Applications
7 Global Mining Rock Drilling Jumbo Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Epiroc AB
9.2 Sandvik AB
9.3 Atlas Copco
9.4 Komatsu Ltd.
9.5 Epiroc AB
9.6 J.H. Fletcher & Co.
9.7 Boart Longyear
9.8 Drillman - YDC Inc.
9.9 SUNWARD Intelligent Equipment Co., Ltd.
9.10 XCMG Group
List of Tables
1 Global Mining Rock Drilling Jumbo Market Outlook, By Region (2021-2030) ($MN)
2 Global Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
3 Global Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
4 Global Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
5 Global Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
7 Global Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
8 Global Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
9 Global Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
10 Global Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
11 Global Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Mining Rock Drilling Jumbo Market Outlook, By Country (2021-2030) ($MN)
13 North America Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
14 North America Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
15 North America Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
16 North America Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
18 North America Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
19 North America Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
20 North America Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
21 North America Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
22 North America Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Mining Rock Drilling Jumbo Market Outlook, By Country (2021-2030) ($MN)
24 Europe Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
25 Europe Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
26 Europe Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
27 Europe Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
29 Europe Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
30 Europe Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
31 Europe Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
32 Europe Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
33 Europe Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
37 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
38 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
40 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
41 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
42 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
43 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
44 Asia Pacific Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Mining Rock Drilling Jumbo Market Outlook, By Country (2021-2030) ($MN)
46 South America Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
47 South America Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
48 South America Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
49 South America Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
51 South America Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
52 South America Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
53 South America Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
54 South America Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
55 South America Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Single-Arm Drilling Jumbos (2021-2030) ($MN)
59 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Double-Arm Drilling Jumbos (2021-2030) ($MN)
60 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Application (2021-2030) ($MN)
62 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Underground Mining (2021-2030) ($MN)
63 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Quarrying (2021-2030) ($MN)
64 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Exploration and Geotechnical Drilling (2021-2030) ($MN)
65 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Industrial Mining (2021-2030) ($MN)
66 Middle East & Africa Mining Rock Drilling Jumbo Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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