The global mining drills breakers market size is expected to reach USD 26.07 Billion by 2028 and register a revenue CAGR of 10.3%, according to the latest report by Reports and Data. Rising demand for energy- and cost-efficient underground mining equipment and increasing exploration activities are key factors expected to drive market growth over the forecast period. In addition, increasing investment in mining industries to expand research and development and to produce more efficient and safer mining equipment to enable more productive mining operations is another key factor expected to drive revenue growth of the market over the forecast period.
Top Companies Operating in the Global Mining Drills and Breakers Market:
Komatsu Ltd., Caterpillar, Inc., Sandvik AB, Atlas Copco AB, Geodrill Ltd., Epiroc AB, Metso Corporation, and Boart Longyear Ltd.
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Some Key Highlights from the Report:
- Rock breakers segment is expected to register significant revenue CAGR over the forecast period, attributable to increasing mining activities and rising popularity of breakers that augment safety and productivity of mining equipment and operations.
- Metal mining segment is expected to account largest revenue share in the global market over the forecast period owing to rising demand for metals such as gold, steel, and aluminum across various industry verticals such as automotive and building construction.
- Asia Pacific market revenue is expected to expand significantly over the forecast period owing to rapid expansion of building construction sector, increasing infrastructure development, rising economic growth, and increasing implementation of favorable policies that support exploration activities in the region.
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Mining Drills and Breakers Market Segmentation
Product Outlook:
- Rotary Drills
- Crawler Drills
- Rock Breakers
- Hydraulic Breakers
Application Outlook:
- Metal Mining
- Coal Mining
- Mineral Mining
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Mining Drills and Breakers market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Mining Drills and Breakers market.
The global Mining Drills and Breakers market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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