Diamond Core Drilling Market Size, Share and Analysis By Operational Type (Hand Held, Rig Operated), By Drilling Technique (Stitch Drilling, Underwater Diamond Drilling, Surface Drilling, Underground Drilling) and Regional Forecast, 2024-2032

The diamond Core drilling is similar to horizontal drilling machine but are more accurate and precise. These are the hardest material mainly used for drilling metals and concrete. The major application of Diamond Core drilling machines is into Construction sector. These machines have advantages over traditional machines like Chisels, hammers, and drilling tools. The core drilling tools are capable of making holes or drills in a wall without damaging the aesthetics. Also, the accuracy of the machine at any given angle is one of the factor for choosing this over other tools.

The global diamond core drilling market is highly associated with the construction sector. The population increase is one of the major factor driving the market. Out skirts of towns and cities are getting urbanised in a faster pace there by surging the demand for Global diamond core drills. Another important factor contributing to the Global Diamond Core Drilling market is the rising Mining activities owing to increasing demand for base metals like Gold, Diamond, Zinc, Tin, and Copper. Hefty investments are flowing into infrastructural development by various governments and private organisations are also propelling the market growth.

• For instance, Robert Bosch in 2018 made an investment of USD112million in an India and other Asia-Pacific regions for its mobility solutions, and safety & security services.

The cost of the Diamond core drilling is increasing day by day owing to its varied applications which hampers the market growth. However, the companies are focusing on innovative products in the market with reduced cost and size.

Impact of COVID-19 on the Global Diamond Core Drilling Market:

The constructions across regions were stopped for more than an expected period due to the restrictions imposed by governments to stop the spread of COVID-19 virus. The travel restrictions not only hampered the import and export of constructions materials and products but also been a hindrance for the constructions workers to travel from different places.

Key Insights

The report will cover following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends and Opportunities


• Business Strategies Adopted by the Players


• Impact of COVID-19 on Global Diamond Core Drilling Market


• Consolidated SWOT Analysis of Key Players

Regional Analysis

Asia-Pacific is expected to have the highest CAGR for the market in the forecast period. The increasing urbanisation activities is one of the major factor contributing to construction sector there by increasing the demand for Diamond core drilling.  The Governments projects to support the trade and supply chain activities are another major reason for the growth of the market in this region.

• To mention a few projects, Indias’ Ashgabat Agreement signed in 2018 to facilitate the export of products to Europe and North America. China has invested USD900billion and is constructing the Silk Road in its border and facilitate the trade activities to Pakistan and other western countries.

North America is witnessing a high market growth for Diamond Core drilling due to the increasing public residential constructions. The Countries like the United States are spending more than USD6billion every year on residential constructions, rising the demand for Diamond Core Drills. 

• American Government announced regarding the ‘clean energy initiative’ on 2021 in which the government plans to invest USD2trillion for infrastructural development and other constructional activities aiding the market growth of Diamond Core drill.

Europe is also anticipated to show positive growth in the forecast period. The Europe is known for manufacturing industries like automobiles, automobile spares, manufacturing equipment, and others. The companies in this region are increasing the production capacities to meet the growing demand. Hence, the demand for Diamond Core drill increases due to the boom of construction and heavy equipment manufacturing sectors.

South America is expected to see a decent growth due to the Infrastructure plans the region has for the next 3 years.

• The consulting firm Mercer and Inter-American Development Bank has analysed infrastructure investments and it is reported to be more than USD300billion dollars in projects like   Projecto Crescer Initiative in Brazil.

The Middle East and African countries are also expected to show a steady growth due to the increasing infrastructure and Mining activities in Middle East, and Africa respectively.

Key Players Covered

The key players covered in the Global Diamond Core drilling market are Tyrolit, Hilti, Husqvarna AB, Ramset, Lissmac Maschinenbau, B+Btec, Golz, WEKA Elektrowerkzeuge, MK Diamond, Makita, and Milwaukee Electric Tool.

Segmentation

Key Industry Developments

• In December 2021- Empire Resource, a Perth based company which is currently involved in Yuinmery Copper-Gold project that is happening in Western Australia. The company announced that they have commenced Diamond Core drilling for the mining project to get the exact lithological and structural data of the minerals.


• In August 2021 – Hilti North America, a leading producer of drilling tools for commercial construction market, has launched a semi-autonomous core drilling tool called DD 250-CA diamond core drill. The tool along with Cut Assist Auto Feed unit gives better efficiency and intuitively assist the operator throughout the drilling process.