Diamond Core Drilling Market Analysis

Diamond Core Drilling Market Analysis

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Based on operational type, the market is divided into hand type drilling and rig-operated drilling. The rig-operated segment dominated around USD 588 million revenue in 2023. Drilling rigs with diamond core are essential components of drilling equipment. To suit a range of drilling applications, they are available in a variety of sizes and combinations. When selecting a diamond core drilling rig, factors such as mobility, safety features, drilling depth capability, and power capacity are taken into consideration.
 

Based on drilling technique type, the diamond core drilling market is categorized into stitch drilling, underwater diamond drilling, surface drilling, and underground drilling. The stitch drilling segment accounted for 52% of the market share in 2023. This can be credited to the building industry's increasing demand for diamond core drilling. Stitch drilling can be employed for longer-duration projects, making it well-suited in infrastructure development projects.
 

Asia Pacific diamond core drilling market size held over USD 291 million in 2023. This can be attributed to the growing need for drilling machines across industries like mining and construction. It is expected that the expanding construction market in China and India will generate demand. Rapid urbanization and population growth in the region are also market growth contributors.