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Mining and Construction Drilling Tools Market Share

Report ID: GMI12431
Published Date: Nov 2024
Report Format: PDF

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Mining and Construction Drilling Tools Market Share

Mining and Construction Drilling Tools Market Company Share Analysis (2023)

The global market showcases a competitive landscape teeming with a mix of players, from multinational giants to regional manufacturers and specialized niche companies. Predominantly fragmented, the market sees major players like Sandvik AB, Atlas Copco AB, Caterpillar Inc., and Komatsu Ltd. These companies command significant market shares, bolstered by their vast product portfolios and robust brand recognition. The surge of e-commerce has broadened online sales channels, allowing brands to tap into wider audiences and boost customer engagement via digital marketing.

Mining and Construction Drilling Tools Market Companies

Major players operating in the mining and construction drilling tools industry are:

Atlas Copco AB
Boart Longyear Limited
Caterpillar Inc.
Diamond Drilling Corporation of America
Epiroc AB
Furukawa Co. Ltd.
Herrenknecht AG
Joy Global Inc. (now part of Komatsu Ltd.)
Komatsu Ltd.
Massenza Drilling Rigs Srl
Rockmore International
Sandvik AB
Schramm Inc.
Shaanxi Coal and Chemical Industry Co. Ltd.
Wirtgen GmbH

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global mining and construction drilling tools industry was valued at USD 13.6 billion in 2023 and is estimated to grow at a CAGR of over 3.8% from 2024 to 2032, driven by the increasing adoption of automated drilling systems.

The drill bits segment recorded USD 4.4 billion in 2023 and is expected to grow at a CAGR of around 4.1% from 2024 to 2032 due to the complexity of terrains in mining and construction projects.

The U.S. mining and construction drilling tools market generated around USD 2.8 billion in 2023 and is projected to grow at a CAGR of about 3.9% from 2024 to 2032, supported by the robust mining industry producing essential minerals.

Key players in the industry include Atlas Copco AB, Boart Longyear Limited, Caterpillar Inc., Diamond Drilling Corporation of America, Epiroc AB, Furukawa Co. Ltd., Herrenknecht AG, Joy Global Inc. (now part of Komatsu Ltd.), Komatsu Ltd., and Massenza Drilling Rigs Srl.