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Global Surface Drilling Rig Market Size study & Forecast, by Type (Rotary Drills, Boom Drills), by Application (Mining, Quarrying, Construction, Others), by Commodity (Gold, Copper, Coal, Iron Ore, Bauxite, Limestone, Granite, Infrastructure and Others), by Sales Type (New Sales, Aftermarket) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G299CA150511EN
Bizwit Research & Consulting LLP

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Global Surface Drilling Rig Market is valued at approximately USD 2.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2023-2030. Industrial drills that are land-based and used to drill deep holes in the earth's crust are called surface drilling rigs. These drills' drilling heads pierce the earth’s surface while stationary on it. Surface drilling rigs are employed for a variety of tasks, including drilling boreholes for water wells, creating pile foundations, mine blasting, geotechnical studies and oil exploration. These drills are used in a variety of fields, including building, dimension stone, mining, and quarrying. Additionally, due to an increase in demand for quarry products such as stones, aggregates, sand, and other materials brought on by an increase in construction activities such as building and infrastructure projects, the surface drilling rig market has experienced substantial expansion over the past several years. Additionally, surface drilling rigs are frequently employed in the mining industry.

Surface drilling rig demand is being driven by an increase in demand for metals and minerals. Due to the increase in industrialization brought on by an economic expansion in many countries, minerals including copper, iron ore, gold, zinc, nickel, silver, bauxite, and other mineralsare highly demanded. According to the International Copper Association India, during the fiscal year 2022, the demand surged from 0.978 million tonnes in the fiscal year 2021 to 1.25 million tonnes in India in the year 2022.. The Silver Institute also claims that between 2021 and 2022, the demand for silver climbed by 17%. According to the Mineral Commodity summaries, the expected recoverable copper content of the output from U.S. mines in 2021 was 1.2 million tons, unchanged from that in 2020, and valued at USD 12 billion, up 58% from USD 7.61 billion in 2020. Moreover, For market participants, technological advancements in the surface drilling rig sector present opportunities. To reduce operating costs and increase safety during drilling operations, a number of surface drilling rig manufacturing businesses have been creating automated surface drilling rigs. However, the expansion of the surface drilling rig market is predicted to be constrained by elements such as high operating costs and carbon emission standards related to surface drilling rigs.

The key regions considered for the Global Surface Drilling Rig Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. A sizable mining industry, which extracts bauxite, coal, manganese, iron ore, limestone, nickel, gold, zinc and other materials in nations such as China, Australia, and India, is responsible for this rise. In addition, the rapidly expanding population in nations such as China, India, Vietnam, and Indonesia are a significant driver of the expansion of the construction industry in this region. Also, Asia Pacific is expected to grow significantly during the forecast period. The regions quick economic development is having a significant impact on the development of the mining and construction industries, which is in turn helping the market for surface drilling rigs flourish.

Major market player included in this report are:
Arctic Drilling Company
Barkom Group Inc
Boart Longyear Group Ltd.
Epiroc AB
Gill Rock Drill Co., Inc.
Revathi Equipment Limited
Sandvik AB
Sunward Intelligent Equipment Co., Ltd.
Caterpillar Inc.
Komatsu Ltd.
Recent Developments in the Market:
In March 2023, Epiroc AB. introduced both the radio remote SmartROC T25 R surface drilling rig and the top hammer SmartROC T40 rig for quarrying and construction. SmartROC T25 R and the top hammer SmartROC T40 rigs provide powerful and reliable drilling solutions that enhance productivity, safety, and operational efficiency.
In September 2021, Sandvik AB, a manufacturer of high-tech surface drill rigs with headquarters in Sweden, introduced AutoMine® Surface Drilling AutoCycleto enhance the performance of automated surface drill rigs and mining machinery. Companies that already sell 'LeopardTM DI650i iDrill rigs' can use the AutoMine®. It improves operational efficiency by reducing manual intervention, minimizing human errors, and streamlining drilling operations. This leads to increased productivity and cost savings for mining and construction companies using surface drill rigs.

Global Surface Drilling Rig Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, Application, Commodity, Sales Type, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Rotary Drills
Boom Drills
By Application:
Mining
Quarrying
Construction
Others
By Commodity:
Gold
Copper
Coal
Iron Ore
Bauxite
Limestone
Granite
Infrastructure
Others
By Sales Type:
New Sales
Aftermarket
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Surface Drilling Rig Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Surface Drilling Rig Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Surface Drilling Rig Market, by Application, 2020-2030 (USD Billion)
  1.2.4. Surface Drilling Rig Market, by Commodity, 2020-2030 (USD Billion)
  1.2.5. Surface Drilling Rig Market, by Sales Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SURFACE DRILLING RIG MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SURFACE DRILLING RIG MARKET DYNAMICS

3.1. Surface Drilling Rig Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for quarry products
    3.1.1.2. Increasing application in construction activities
  3.1.2. Market Challenges
    3.1.2.1. High Operational Cost of Surface Drilling Rig
    3.1.2.2. Carbon emission standards related to surface drilling rigs
  3.1.3. Market Opportunities
    3.1.3.1. Advancements in Technology
    3.1.3.2. Active participation of key market players

CHAPTER 4. GLOBAL SURFACE DRILLING RIG MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SURFACE DRILLING RIG MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Surface Drilling Rig Market by Type, Performance - Potential Analysis
5.3. Global Surface Drilling Rig Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Surface Drilling Rig Market, Sub Segment Analysis
  5.4.1. Rotary Drills
  5.4.2. Boom Drills

CHAPTER 6. GLOBAL SURFACE DRILLING RIG MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Surface Drilling Rig Market by Application, Performance - Potential Analysis
6.3. Global Surface Drilling Rig Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Surface Drilling Rig Market, Sub Segment Analysis
  6.4.1. Mining
  6.4.2. Quarrying
  6.4.3. Construction
  6.4.4. Others

CHAPTER 7. GLOBAL SURFACE DRILLING RIG MARKET, BY COMMODITY

7.1. Market Snapshot
7.2. Global Surface Drilling Rig Market by Commodity, Performance - Potential Analysis
7.3. Global Surface Drilling Rig Market Estimates & Forecasts by Commodity 2020-2030 (USD Billion)
7.4. Surface Drilling Rig Market, Sub Segment Analysis
  7.4.1. Gold
  7.4.2. Copper
  7.4.3. Coal
  7.4.4. Iron Ore
  7.4.5. Bauxite
  7.4.6. Limestone
  7.4.7. Granite
  7.4.8. Infrastructure
  7.4.9. Others

CHAPTER 8. GLOBAL SURFACE DRILLING RIG MARKET, BY SALES TYPE

8.1. Market Snapshot
8.2. Global Surface Drilling Rig Market by Sales type, Performance - Potential Analysis
8.3. Global Surface Drilling Rig Market Estimates & Forecasts by Sales type 2020-2030 (USD Billion)
8.4. Surface Drilling Rig Market, Sub Segment Analysis
  8.4.1. New Sales
  8.4.2. Aftermarket

CHAPTER 9. GLOBAL SURFACE DRILLING RIG MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Surface Drilling Rig Market, Regional Market Snapshot
9.4. North America Surface Drilling Rig Market
  9.4.1. U.S. Surface Drilling Rig Market
    9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Commodity breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Sales type breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Surface Drilling Rig Market
9.5. Europe Surface Drilling Rig Market Snapshot
  9.5.1. U.K. Surface Drilling Rig Market
  9.5.2. Germany Surface Drilling Rig Market
  9.5.3. France Surface Drilling Rig Market
  9.5.4. Spain Surface Drilling Rig Market
  9.5.5. Italy Surface Drilling Rig Market
  9.5.6. Rest of Europe Surface Drilling Rig Market
9.6. Asia-Pacific Surface Drilling Rig Market Snapshot
  9.6.1. China Surface Drilling Rig Market
  9.6.2. India Surface Drilling Rig Market
  9.6.3. Japan Surface Drilling Rig Market
  9.6.4. Australia Surface Drilling Rig Market
  9.6.5. South Korea Surface Drilling Rig Market
  9.6.6. Rest of Asia Pacific Surface Drilling Rig Market
9.7. Latin America Surface Drilling Rig Market Snapshot
  9.7.1. Brazil Surface Drilling Rig Market
  9.7.2. Mexico Surface Drilling Rig Market
9.8. Middle East & Africa Surface Drilling Rig Market
  9.8.1. Saudi Arabia Surface Drilling Rig Market
  9.8.2. South Africa Surface Drilling Rig Market
  9.8.3. Rest of Middle East & Africa Surface Drilling Rig Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Arctic Drilling Company
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Barkom Group Inc
  10.3.3. Boart Longyear Group Ltd.
  10.3.4. Epiroc AB
  10.3.5. Gill Rock Drill Co., Inc.
  10.3.6. Revathi Equipment Limited
  10.3.7. Sandvik AB
  10.3.8. Sunward Intelligent Equipment Co., Ltd.
  10.3.9. Caterpillar Inc.
  10.3.10. Komatsu Ltd

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Surface Drilling Rig Market, report scope
TABLE 2. Global Surface Drilling Rig Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Surface Drilling Rig Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Surface Drilling Rig Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Surface Drilling Rig Market estimates & forecasts by Commodity 2020-2030 (USD Billion)
TABLE 6. Global Surface Drilling Rig Market estimates & forecasts by Sales type 2020-2030 (USD Billion)
TABLE 7. Global Surface Drilling Rig Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Surface Drilling Rig Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Surface Drilling Rig Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Surface Drilling Rig Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Surface Drilling Rig Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Surface Drilling Rig Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Surface Drilling Rig Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Surface Drilling Rig Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Surface Drilling Rig Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Surface Drilling Rig Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Surface Drilling Rig Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Surface Drilling Rig Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Surface Drilling Rig Market
TABLE 72. List of primary sources, used in the study of global Surface Drilling Rig Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Surface Drilling Rig Market, research methodology
FIG 2. Global Surface Drilling Rig Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Surface Drilling Rig Market, key trends 2022
FIG 5. Global Surface Drilling Rig Market, growth prospects 2023-2030
FIG 6. Global Surface Drilling Rig Market, porters 5 force model
FIG 7. Global Surface Drilling Rig Market, pest analysis
FIG 8. Global Surface Drilling Rig Market, value chain analysis
FIG 9. Global Surface Drilling Rig Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Surface Drilling Rig Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Surface Drilling Rig Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Surface Drilling Rig Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Surface Drilling Rig Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Surface Drilling Rig Market, regional snapshot 2020 & 2030
FIG 15. North America Surface Drilling Rig Market 2020 & 2030 (USD Billion)
FIG 16. Europe Surface Drilling Rig Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Surface Drilling Rig Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Surface Drilling Rig Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Surface Drilling Rig Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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