Registering a CAGR of 4.1% over the forecast period of 2022-2027, the global rock drilling jumbo market is anticipated to reach the market value of US$ 505.1 million in the year 2027 from US$ 364 million in the year 2021.
Drilling mechanisms have been developed in a variety of ways. Percussion, rotary, and rotary-percussion are examples of mechanical methods. Flame, plasma, hot fluid, freezing, and hydraulic methods, which include sonic and laser beam methods, make up the thermal method. Mechanical drilling, on the other hand, is the most convenient and cost-effective method, and it is widely employed in the mining, engineering, and construction industries.
Rock drilling jumbo is primarily composed of drill arm, rock drill, travel system, frame, and other necessary attachments. The product features are self-driving and multiple rock drills can work parallelly and it is primarily used in the tunneling operation by blasting and drilling method and mining exploration.
The key players in the market are Sandvik Construction, Furukawa, Epiroc, Sitoncn, and Komatsu mining corp. The top 5 manufacturers possess a combined market share of 56%. Europe remains the largest market with a share of 36% which is then followed by North America and China who both have a combined share of 38%. Single-arm rock drilling jumbo is the largest segment in terms of product with a share of 43% and in terms of application the largest segment is mining followed by Railway and Highway construction.
Top Key Players in the Rock Drilling Jumbo Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Rock Drilling Jumbo Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Sandvik Construction, Atlas, Furukawa, Komatsu Mining, J.H. Fletcher, Mine Master, XCMG, Siton, Lake Shore Systems, Dhms, RDH Mining Equipment, Kaishan, Eastsun, Hengzhi, and others.
Global Rock Drilling Jumbo Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Rock Drilling Jumbo Market is segmented based on the type, applications, companies, and regions.
By Type, Rock Drilling Jumbo Market has been segmented into
By Application, Rock Drilling Jumbo Market has been segmented into,
Regional Analysis:
The North America and Europe regions are dominating the Global Market with the highest market stake and is predicted to grow substantially and dominate the Global Rock Drilling Jumbo Market throughout the forecast period.
The report offers an in-depth assessment of the growth and other aspects of the Rock Drilling Jumbo Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
Rock Drilling Jumbo Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Rock Drilling Jumbo Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 4.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Sandvik Construction, Atlas, Furukawa, Komatsu Mining, J.H. Fletcher, Mine Master, XCMG, Siton, Lake Shore Systems, Dhms, RDH Mining Equipment, Kaishan, Eastsun, Hengzhi |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during the COVID19 Pandemic. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Rock Drilling Jumbo Market is studied from 2017 - 2027.
What is the growth rate of Rock Drilling Jumbo Market?
The Rock Drilling Jumbo Market is growing at a CAGR of 4.1% over the next 5 years.
Who are the key players in Rock Drilling Jumbo Market?
Sandvik Construction, Atlas, Furukawa, Komatsu Mining, J.H. Fletcher, Mine Master, XCMG, Siton, Lake Shore Systems, Dhms, RDH Mining Equipment, Kaishan, Eastsun, Hengzhi
What region does this Rock Drilling Jumbo Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Rock Drilling Jumbo Market?
Single-Boom, Two-Boom, Multi-Boom
What are the major end-use applications of Rock Drilling Jumbo Market?
Mining, Railway Construction, Road Construction, Others
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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