Rock Drilling Market

Rock Drilling Market is Anticipated To Rise Due To Rapid Advancement In Technology
Rock drills are everyday tools to create short holes up to 20 feet. The tool penetrates and
breaks the rock surface and then expands the breakage by repeated percussion along with
rotation. It is designed in such a way that it can break even the hardest materials created by
nature. Rock drills are an ideal choice for various tasks across lime mines, quarries,
construction, drilling, and civil engineering work. Technological advancements have resulted in
greater use of rock drills in underground tunnel construction. Technologies enable easy access
to construction in any terrain. High drilling capacity and low maintenance cost of rock drills are
two of their distinctive features which can help them standout in the industry.
The rock drilling market is anticipated to rise due to rapid advancement in technology.
Development of technology has enabled drilling and tunneling at the most dangerous areas.
Also, monitoring devices such as sensors and monitors enable the smooth functioning of the
drilling and tunneling process, thus increasing the demand for rock drilling equipment. Latest
technology in the tunneling process and latest trends of dismantling tunnels opens the door for
opportunities in the coming years. However, need for timely maintenance could be a restraint
for the rock drilling market. Slowdown in economic growth also has some impact on the
market. Providing more customer-friendly products at an economical rate is a major challenge.
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The rock drilling market is segmented on the basis of product type, size, function, application,
and geography. Based on product type, the rock drilling market can be segmented into dry type
rock drill, and wet type rock drill. Dry type rock drill has air flushed and is used for a variety of
surface drilling applications in quarries and construction sites. Wet type rock drill is lightweight,
reliable, and economical, and is mostly used for underground applications. Based on the size of
the product, the rock drilling market can be segmented as medium-sized, large-sized, and
heavy-sized. In terms of function, the rock drilling market can be segmented as manual and
automated. Manual drilling equipment is lightweight and handled by the drillers and used in
small operations where, due to the size, other machinery cannot be used or its cost is not
justified. Automated drilling equipment is fixed on the rigs with which the machinist can control
drilling parameters from a relaxed position. Based on application, the rock drilling market is
segmented into mining and construction. Rock drilling in mining is used to perform open cut
excavation to support activities such as construction of mining corridors for the ore, supporting
the mining tunnels and construction of roads, and other infrastructure required at mining sites.
Drilling methods used in construction are excavation of foundations of buildings and excavation
of road cuttings, piling, micro piling and underpinning. Rock drills are also used for marblegranites industries. The rock drilling market is divided into North America, Europe, Asia Pacific,
Middle East & Africa, and South America based on region. Several vendors in Asia Pacific also
compete with international vendors on pricing. China dominates the region due to its
enormous population and manufacturing-based economy, which makes it an ideal market for
tunneling and rock drill equipment.
The rock drilling market is largely dominated by established players having a presence across
the globe. Some of the key players in the rock drilling market include TEIRockDrills, FERRI
srl, Haryson Engineering Co, Traxxon, GILL ROCK DRILL CO. INC., Haryrock Engineering Pvt.
Ltd, Bull Rock Drills Private Limited, Rockmore International, Furukawa Rock Drill USA, and Robit
Plc. The rock drilling market is highly fragmented. Major global vendors of the industry are
expanding their business units, and investing heavily in the development of next generation
products.