The DTH drill is commonly used in oil and gas exploration applications. It is a mini jack hammer that screws on the bottom of a drill string. It is used to break hard surfaces or rocks into small flakes. It is more advanced than the blast-hole drilling and its adoption is growing in end-use applications. The DTH drill comprises hammers, drill bits and other accessories. The DTH drill is also used at mines, and it helps in drilling big and deep holes for setting explosives.
MARKET DYNAMICS
Rising demand for underground drilling is driving the growth of the DTH drilling products market. However, the high cost associated with initial installation may restrain the growth of the DTH drilling products market. Furthermore, the increasing advancements in DTH drilling systems is anticipated to create a market opportunity for the DTH drilling products market during the forecast period.
MARKET SCOPE
The "Global DTH Drilling Products Market Analysis To 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The DTH drilling products market report aims to provide an overview of the DTH drilling products market with detailed market segmentation by product type, application, and geography. The global DTH drilling products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading DTH drilling products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global DTH drilling products market is segmented on the basis of product type and application. Based on product type, the DTH drilling products market is segmented into: DTH hammers, DTH bits, and others. On the basis of application, the DTH drilling products market is segmented into: well drilling, construction, mining, quarrying, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global DTH drilling products market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The DTH drilling products market by each region is later sub-segmented by respective countries and segments. The DTH drilling products market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the DTH drilling products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the DTH drilling products market in these regions.
IMPACT OF COVID-19 ON DTH DRILLING PRODUCTS MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the DTH drilling products market in 2020. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the manufacturing and construction companies have started working again. So, the demand for DTH drilling products has started rising.
MARKET PLAYERS
The reports cover key developments in the DTH drilling products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from DTH drilling products market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the DTH drilling products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the DTH drilling products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Atlas Copco
- Drill King International. L.P.
- Epiroc AB
- Holte Manufacturing
- Mincon Group plc
- Numa Tool Company
- Rock Hog Drilling Products
- Rockmore International, Inc.
- Rock-Tech International
- Sandvik AB