Global Rock Drilling Jumbo Market: Analysis & Forecast 2018-2024
February 9, 2019
Bharat Book Bureau Provides the Trending Market Research Report on “Global Rock Drilling Jumbo Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”under Heavy Industry Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Rock Drilling Jumbo Market to reach USD 6.4 billion in 2018 to USD 10.4 billion by 2024, at a CAGR of 7.24% during the forecast period from 2018 to 2024.
Global Rock Drilling Jumbo Market is mainly composed of rock drill, drill arm (the support, positioning and propelling mechanism), frame, travel system, and other necessary attachments. The product features self-propelling and that multiple rock drills can work simultaneously. And it is mainly used in the tunneling operation by drilling and blasting method and mining exploration.
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https://www.bharatbook.com/marketreports/Sample/Reports/1361922Scope of the Report:
In the coming years the progress of technology for rock drilling jumbo in the regions of North America and Europe that is expected to drive the market for more advanced rock drilling jumbo. Increasing of constrution fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on mining and infrastructure, retrofitting and renovation of old technology, increasing adoption of rock drilling jumbo in developing countries will drive growth of global markets.
Globally, the rock drilling jumbo industry market is low concentrated as the manufacturing technology of rock drilling jumbo is relatively matures than some high-tech equipment. And some enterprises, like Sandvik Construction, Atlas, Furukawa and Komatsu Mining Corp., etc. are well-known for the wonderful performance of their rock drilling jumbo and related services. At the same time, Asia-Pacific, occupied 44% sales market share in 2017, is remarkable in the global rock drilling jumbo industry because of their market share and technology status of rock drilling jumbo.
The consumption volume of rock drilling jumbo is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of rock drilling jumbo industry may not keep that fast. But it is surely forecasted that the market of rock drilling jumbo is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the rock drilling jumbo market to approach these areas. GIR analysis of the rock drilling jumbo market indicated that Europe would lead the market with leading technology, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of rock drilling jumbo is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of rock drilling jumbo and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The worldwide market for Rock Drilling Jumbo is expected to grow at a CAGR of roughly 1.5% over the next five years, will reach 430 million US$ in 2024, from 390 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Rock Drilling Jumbo in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers:
Komatsu Mining Corp.
Lake Shore Systems，Inc
RDH Mining Equipment
Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Browse our full report with Table of Contents :
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