Diamond Core Drilling Market Slammed by Slowing Construction Sector During Covid-19 Outbreak, Stitch Drilling Types Holds Prominence for Techniques: FMI

October 26 19:40 2020
Diamond Core Drilling Market Slammed by Slowing Construction Sector During Covid-19 Outbreak, Stitch Drilling Types Holds Prominence for Techniques: FMI

Future Market Insights
Innovations to Gather Pace in Diamond Core Drilling Market, as Stakeholders Tap into ‘Customization’ Trend, Reports FMI

Market players of diamond core drilling are focusing on technological progression and launching customized products for varied applications, which is anticipated to bolster the sales in the approaching years.

The diamond core drilling market is anticipated to expand at a CAGR of 6% during the assessment period, 2019-2029.

The COVID-19 pandemic is anticipated to witness a drop in the market share of diamond core drilling, largely due temporary halt or shutting down in operations and drilling sites. The rotary drilling category is projected to attain a higher market share in terms of value than wireline drilling during the assessment period.

“As manufacture revolves around ‘efficiency’, resources, and time along with cost, the two trends that are slated to be the keystone of the diamond core drilling market are customization and automation. The present stream of innovation in the surface, underwater, underground, along with stitch drilling will progress with automation, since it will act as a prospect to suffice the dire requirement for greater productivity and safety for mining and construction operations.” states the FMI analyst.

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Diamond Core Drilling Market- Critical Takeaways

  • Rig operated type is expected to account for a notable market value share in contrast to handheld operation type in the global market.
  • The government focus on infrastructure and the proposed plan and policies to connect rural to urban areas will boost the construction industry segment.
  • South Asia will maintain its leading stance, due to a remarkable stride of the construction sector and the presence of economically crucial mineral reserves in the region.

Diamond Core Drilling Market- Drivers

  • Recent ongoing construction building necessitates renovations in the construction sector, which will complement the demand. 
  • The growing mineral production pace is anticipated to be the prime factor driving market growth. 
  • Increasing demand for automation in various sectors to make accurate and easy operations are likely to boost the market demand. 

Diamond Core Drilling Market- Restraints

  • Strict regulatory protocols for drilling machines can hinder the growth of the market
  • The mined diamond market contracts at a sluggish rate, since existent mines get depleted new deposits reserves are not found which hampers the market growth.

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COVID-19 Impact on Diamond Core Drilling Market

The diamond core drilling sector will be moderately impacted by the ongoing COVID-19 pandemic, however, relying on how long operations are halted and whether there would be a second wave in the fall, COVID-19 might end up have a stronger influence on the diamond core drilling market.

Competitive Landscape

The major player identified in the diamond core drilling market includes Atlas Copco Ltd., Epiroc Mining India ltd, WEKA, Hilti Corporation, Boart Longyear, Robert Bosch GmbH, Eibenstock Elektrowerkzeuge, Controls S.p.A., MASSENZA DRILLING RIGS, Milwaukee Tool, APC Drilling & Constructions Pvt Ltd, KERN-DEUDIAM Diamantwerkzeuge & Maschinen GmbH, ROCKDRIL (INDIA)Husqvarna AB and Shibuya Company, Ltd., Major players in the market pushing for product launches, acquisitions, and new technological developments in the market.

For instance, Mitchell Services acquired Deepcore Drilling, a privately-owned company specializes in deep hole directional diamond core drilling among others. The acquisition will help Mitchell to expand into new drilling market segments to capture market share.

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About the Study

The study offers readers a comprehensive assessment of the diamond core drilling market. Global, regional and national-level analysis of the latest trends influencing the diamond core drilling market is covered in this FMI report. The study provides insights according to drilling technique (underwater diamond drilling, stitch drilling, underground drilling, and surface drilling), drilling type (wireline drilling and rotary drilling), end users (Construction Industry and Mining Industry{Open Pit Mines and Closed Pit Mines}), and operation type (Rig Operated and Hand Held) across six key regions (North America, Latin America, Europe, China, Asia Pacific excluding China, and Middle East & Africa).

Table Of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends & Technology Development

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition

3. Key Success Factors

4. Global Diamond Core Drilling Market Demand Analysis 2014–2018 and Forecast, 2019-2029

    4.1. Historical Market Volume (Units) Analysis, 2014–2018

    4.2. Current and Future Market Volume (Units) Projections, 2019-2029

    4.3. Y-o-Y Growth Trend Analysis

5. Global Diamond Core Drilling Market – Pricing Analysis

6. Global Diamond Core Drilling Market Demand (in Value or Size in US$ Mn) Analysis 2014–2018 and Forecast, 2019-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014–2018

    6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-10337

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Website: https://www.futuremarketinsights.com/reports/diamond-core-drilling-market


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