Diamond Core Drilling Market to Gain Significant Revenue by 2029 | FMI

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Diamond Core Drilling Market

• February 2020

Report Id REP-GB-10337 Published On Sep
06,2019 Category Industrial Automation and
Equipment
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Research Methodology (1/2)

• Systematic Research Approach

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Diamond Core Drilling Market Analysis
Diamond Core Drilling Market is estimated to grow
at a CAGR of 6 by 2029 FMI Report VALLEY
COTTAGE, N.Y. (GLOBE NEWSWIRE) -- A new market
research report by Future Market Insights on the
diamond core drilling market includes a global
industry analysis 20142018 and opportunity
assessment 20192029. The report investigates the
diamond core drilling market and provides
critical insights for the forecast period of
2019-2029. As per the findings of the report, the
global diamond core drilling market is projected
to experience moderate growth over the forecast
period, on the account of increasing mining and
construction activities across the globe. The
global diamond core drilling market is projected
to be valued at US 1.6 Bn in 2019, and is
expected to increase at a CAGR of 6 during the
forecast period 2019-2029. This growth is majorly
driven by the growing mineral production rate and
rising construction industry worldwide.
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Diamond Core Drilling Market Analysis
As industries focus on efficiency, not only of
cost but also of time and resources, two trends
are likely to be the mainstay of the diamond core
drilling market - Automation and Customization.
The current stream of innovation in stitch,
underwater, surface, and underground drilling is
projected to advance with automation, as it will
act as a twofer to suffice the dire need for
safety and greater productivity for construction
and mining operations.
East Asia Market to Gain Traction over the
Forecast Period Europe and South Asia regions are
estimated to hold significant shares in the
global diamond core drilling market. However,
East Asian market is anticipated to witness
lucrative growth in the global diamond core
drilling market over the forecast period of
2019-2029. This growth is propelled by rapid
development in the underground mining activities
in countries such as China and Japan. In view of
steady economic conditions, the governments in
East Asia are increasingly investing in mineral
production, mining exploration, and construction
and infrastructural activities. As a consequence,
the construction industry of East Asia has gained
a significantly positive momentum over the past
years. This is expected to result in robust
growth in the adoption of diamond core drilling
in the East Asia region. 
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Diamond Core Drilling Market Analysis
Manufacturers Inclined Towards the Development of
Customized Products in Diamond Core Drilling
Market The global market of diamond core drilling
has been segmented on the basis of different
types considering the regions such as North
America, Latin America, Europe, East Asia, South
Asia, Oceania, and the Middle East and Africa.

• By operation type, the diamond core drilling
  market is segmented into handheld and rig
  operated. The rig operated segment is expected to
  hold a significant market value share in the
  global diamond core drilling market
• By drilling technique, the diamond core drilling
  market is segmented into four types such as
  stitch drilling, underwater diamond drilling, and
  surface drilling, and underground drilling.
  Stitch drilling segment is expected to consume a
  majority value share of the global diamond core
  drilling market. Whereas the surface drilling
  technique is expected to have healthy market
  share in overall forecast period.

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Diamond Core Drilling Market Analysis

• By drilling type, the diamond core drilling
  market is segmented into rotary drilling and
  wireline drilling. The rotary drilling segment is
  expected to hold a high market share of the
  global diamond core drilling market in value as
  compared to wireline drilling
• Furthermore, on the basis of end users, the
  construction industry segment is expected to gain
  majority value share of the global diamond core
  drilling market. The mining industry segment is
  again classified into open pit mines and closed
  pit mines.

Diamond Core Drilling Market Vendor Insights The
report highlights some of the market players in
the global diamond core drilling market are Hilti
Corporation, Atlas Copco (India) Ltd., WEKA
Elektrowerkzeuge KG, Robert Bosch GmbH, Boart
Longyear, Elektrowerkzeuge GmbH Eibenstock,
MASSENZA Drilling Rigs Srl, Milwaukee Tool,
Controls S.p.A., Epiroc Mining India Limited,
KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH,
Shibuya Company, Ltd., APC Drilling
Constructions Private Limited, ROCKDRIL (INDIA),
and Husqvarna AB. The manufacturers of diamond
core drilling motor are focusing on technological
advancement, which is expected to increase the
sales in the upcoming years.
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Diamond Core Drilling Market Analysis
The global diamond core drilling market is
consolidated with some players holding prominent
shares of the market. Top four market players is
expected to hold the significant share in the
global diamond core drilling market. Press
Release Source https//www.globenewswire.com/news
-release/2019/09/11/1914063/0/en/Diamond-Core-Dril
ling-Market-is-estimated-to-grow-at-a-CAGR-of-6-du
ring-the-forecast-period-of-2019-to-2029-Future-Ma
rket-Insights.html

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Diamond Core Drilling Market Analysis
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research reports and consulting services which
are personalized in nature. FMI delivers a
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current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights and an aerial view of the competitive
framework and future market trends.
For more insights on the Diamond Core Drilling
Market,you can request a report sample with full
TOC at http//www.futuremarketinsights.com/reports
/sample/rep-as-661
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