Europe DTH Drill Rigs Market By Type (Crawler Type, Wheel Type), By Application (Mining Industry, Construction Industry), And By Region – Global Forecast To 2031

Market.biz announces the publication of its most recently generated research report titled, “EU DTH Drill Rigs Market by Type (Crawler Type, Wheel Type), By Application (Mining Industry, Construction Industry), and by Region – Global Forecast to 2029.”, which offers a holistic view of the EU DTH Drill Rigs market through systematic segmentation that covers every aspect of the target market.

The EU DTH Drill Rigs market is projected to be US$ 221.0 Mn in 2019 to reach US$ 315.1 Mn by 2029 at a CAGR of 3.6%.

DTH is short for down-the-hole. The DTH method was originally developed to drill large diameter holes downwards in surface drilling applications. DTH drilling is considered the best and most effective drilling method. DTH drilling can be performed in most types of rock.  It is a commonly used method in the mining industry, water well drilling, construction, and the oil and gas industry.  In the DTH drilling process, the drill string rotates while the drilling hammer continuously strikes down into the rock. Inside the hammer, a piston powered by compressed air gives the drill bit its striking power. This combined with the rotational movement means the rock is crushed in a very efficient manner. The unique features of the DTH system are that the penetration level is doubled, has a constant penetration rate in deeper holes, have high flushing capability, makes lower noise, reduces the operation cost and working hours as compared to the other drilling tools, and capable of drilling in almost all ground conditions,  rigid drill string improves hole alignment,  airflow volume provides efficient flushing and cleaner holes, choice of hole diameters are available with the same hammer, and extensive chip drilling provides speed with minimal dust emission.

Growing demand for minerals and natural resources in Europe countries has led to increasing mining activities, resulting in the high adoption of DTH drill rigs equipment for extraction of various geological materials from the surface or under the earth. This is a significant factor expected to drive the growth of the Europe DTH drill rigs market.

EU DTH Drill Rigs Market Revenue (US$ Mn), 2019–2029 

However, stringent international norms and standards by various governing authorities regarding mining and construction activities are another factor that could hamper the growth of the Europe DTH drill rigs market. Nonetheless, the connected mine solution brings mobile, cloud, and analytics together to enable effective and efficient mining in-pit operations with enhanced labor safety. Connected mine establishes networks between machines, humans, and the Internet that results in better energy efficiency, optimized productivity, higher profitability, and long-term cost reduction.

EU DTH Drill Rigs market is segmented on the basis of Type, Application, and Region. On the basis of Type, the market is segmented into Crawler Type, Wheel Type. The Crawler Type segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by the Wheel Type segment. On the basis of Application, the market is segmented into Mining Industry, Construction Industry. The Construction Industry accounts for a majority share in the EU DTH Drill Rigs market.

EU DTH Drill Rigs Market by Type, 2019

On the basis of region, the market is segmented into France, Germany, Italy, Romania, Spain, & the Rest of Europe. France accounts for the majority share in the EU DTH Drill Rigs market, owing to the rapidly developing oil & gas and infrastructure sector. France is expected to register the highest growth rate over the forecast period. Regions such as Germany, Italy, Romania, Spain & Rest of Europe are expected to register stable growth over the forecast period.

The research report on the EU DTH Drill Rigs market includes profiles of some of the major companies such as Liebherr Group, Caterpillar, Inc., Sandvik AB Trevi-Finanziaria Industriale S.p.A., Bauer AG, Sunward Intelligent Equipment Co., Ltd., MAIT, STREICHER Group, Casagrande.

Key Market Segments

Type

• Crawler Type
• Wheel Type

Application

• Mining Industry
• Construction Industry

Key Market Players included in the report:

• Liebherr Group
• Caterpillar Inc.
• Sandvik AB Trevi-Finanziaria Industriale S.p.A.
• Bauer AG
• Sunward Intelligent Equipment Co. Ltd.
• MAIT
• STREICHER Group
• Casagrande