business news

Borehole Equipment - Market Demand | Recent Trends and Developments Analysis 2025

Latest updates on Borehole Equipment market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Increase in infrastructure spending due to positive economic growth will drive overall borehole equipment market growth. Large scale infrastructure investment projects in Europe and MEA will influence industry demand.

Borehole Equipment Market is estimated to exceed USD 27 billion by 2024; according to a new research report.

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12384

North America accounted for more than 30% of the industry share in 2016. Upcoming large-scale mining projects coupled with increase in construction of high-rise buildings in New York will positively influence the North America borehole equipment market growth.

Borehole Equipment - Market Demand | Recent Trends and Developments Analysis 2025
Borehole Equipment - Market Demand | Recent Trends and Developments Analysis 2025

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12384

High demand for boring and exploration along with growing developments in mining sector are key factors supporting market growth. Machine upgradation along with shifting mining companies focus towards maximum productivity will offer lucrative business opportunities in the coming years.

Portable borehole equipment is projected to generate over USD 6 billion in revenue by 2024. Rising demand for mobile construction & mining equipment has enhanced the product demand. Benefits including easy transportability and performing task in remote locations are among the major influencing properties.

Increasing mineral extraction in the U.S., Venezuela, Indonesia, Nigeria, China, and Canada are among the major factor contributing product penetration. Rising onsite processing necessities coupled with huge untapped hydrocarbon reserves in Mexico are projected to propel borehole equipment market growth.

Hydraulic operations will witness growth over 6% up to 2024. High load carrying capacities along with accuracy and ease in controlling are key properties driving product demand. Supplying constant torque and force during the operation both in mining and infrastructure makes the product highly demanding.

Mining will hold more than 60% of the industry share by 2024. Depletion of natural resources including minerals, coal and oil has encouraged the exploration, thus driving industry demand. Extensive excavation for geologically deposited substances, diamond, uranium and stones will propel the product demand in this segment.

Increased metal consumption including steel, aluminum, copper, nickel, lead, zinc and tin in several industries will propel the industry growth in APAC region. Strong demand for metal, particularly steel in numerous end-use industries including construction, energy, transport, packaging and appliances in emerging economies will stimulate business growth. Growing domestic demand for coal signifies a positive outlook for borehole equipment demand in China and India.

Some of the key industry manufacturers include Bohrmeister (Pty) Ltd., Dando Drilling International, Borehole Machinery and Getech International. Global industry share is highly fragmented owing to the presence of many service providers. Major services provided by the company include core logging, well logging and mud logging. Boart Longyear, Major Drilling, Foraco, Energold and Orbit Garant are some of the dominating industry players. Heavy R&D investments and technological innovations are some of the strategies adopted by the service providers of the market.

Borehole Equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2013 to 2024, for the following segments:

Borehole Equipment Market, By Product

Portable borehole equipment

Fixed borehole equipment

Borehole Equipment Market, By Operation

Hydraulic

Pneumatic

Others (Electric, Mechanical)

Borehole Equipment Market, By Application

Mining

Mineral Mining

Oil & Gas Mining

Coal Mining

Metal Mining

Infrastructure

Industrial & Commercial

Public Infrastructure

Residential

Major Highlights from Table of contents are listed below for quick lookup into Borehole Equipment Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Borehole Equipment Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Borehole Equipment Market Statistical model and forecast
  • Industry insights and validation
  • Borehole Equipment Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Borehole Equipment industry 360º synopsis - 2025
  • Borehole Equipment Business trends
  • Region trends

Chapter 5. Borehole Equipment industry Insights

  • Borehole Equipment Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Borehole Equipment Market Growth potential analysis

Request Customization on This Report @ https://www.cuereport.com/request-for-customization/12384

About the author

Market Study Report

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.