World News: 12:57 GMT Wednesday 11th September 2019. [Future Market Insights via Globe Newswire via SPi World News]
VALLEY COTTAGE, N.Y. , Sept. 11, 2019 (GLOBE NEWSWIRE) -- A new market research report by Future Market Insights on the diamond core drilling market includes a global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the diamond core drilling market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global is projected to experience moderate growth over the forecast period, on the account of increasing mining and construction activities across the globe.
The global diamond core drilling market is projected to be valued at ~US$ 1.6 Bn in 2019, and is expected to increase at a CAGR of ~6% during the forecast period 2019-2029. This growth is majorly driven by the growing mineral production rate and rising construction industry worldwide.
Europe and South Asia regions are estimated to hold significant shares in the global diamond core drilling market. However, East Asian market is anticipated to witness lucrative growth in the global diamond core drilling market over the forecast period of 2019-2029. This growth is propelled by rapid development in the underground mining activities in countries such as China and Japan.
In view of steady economic conditions, the governments in East Asia are increasingly investing in mineral production, mining exploration, and construction and infrastructural activities. As a consequence, the construction industry of East Asia has gained a significantly positive momentum over the past years. This is expected to result in robust growth in the adoption of diamond core drilling in the East Asia region.
The global market of diamond core drilling has been segmented on the basis of different types considering the regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
The report highlights some of the market players in the global diamond core drilling market are Hilti Corporation, Atlas Copco (India) Ltd., WEKA Elektrowerkzeuge KG, Robert Bosch GmbH, Boart Longyear, Elektrowerkzeuge GmbH Eibenstock, MASSENZA Drilling Rigs Srl, Milwaukee Tool, Controls S.p.A., Epiroc Mining India Limited, KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH, Shibuya Company, Ltd., APC Drilling & Constructions Private Limited, ROCKDRIL (INDIA), and Husqvarna AB.
The manufacturers of diamond core drilling motor are focusing on technological advancement, which is expected to increase the sales in the upcoming years.
The global diamond core drilling market is consolidated with some players holding prominent shares of the market. Top four market players is expected to hold the significant share in the global diamond core drilling market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Mr. Abhishek Budholiya
Future Market Insights
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Globe Newswire: 12:57 GMT Wednesday 11th September 2019
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