About Top Hammer Drilling Tools
As top hammer drilling, the hammer exerts a striking force on the drill rods or tubes that is transferred to the drill bit. Typically, a mobile unit is connected to the feed device through a boom that hinges. Top Hammer Drilling Tools include drill rods, drill bits, accessories, and shank adapters. Top hammer drilling tools are drilling rods that are used to drill holes in rock during mining, construction, or quarrying. These devices apply a percussive force to the drill tubes or rods, which is transferred to the drill bit. The equipment can drill holes through into hard rocks thanks to the drill's continuous striking and fast rotation. The drill and blast method is used with top hammer drilling to provide a very effective excavation process.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for Top Hammer Drilling Tools is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Top Hammer Drilling Tools market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Drill Tech International DWC LLC (United Arab Emirates), Litian Heavy Industry Machinery Co., Ltd (China), Kemaico Rock Tools Inc. (United States), Rock Drill Sales & Service, Inc. (United States), Robit Plc (Finland), Epiroc Inc. (Sweden), GILL ROCK DRILL CO. INC. (United States), Mincon Group plc. (Ireland), Sandvik AB (Sweden) and Black Diamond Drilling Australia Pty Ltd. (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Top Hammer Drilling Tools market by Type (Drill Bits, Drill Rods, Shank Adaptors, Coupling Sleeves and Others), Application (Mining, Construction and Quarrying) and Region.
On the basis of geography, the market of Top Hammer Drilling Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sale will boost the Top Hammer Drilling Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Energy Demand In Develop Regions and Increasing Drilling Activities As Well As The Development Of Unconventional Hydrocarbon Resources
Market Growth Drivers:
Increasing Energy Demand In Develop Regions and Increasing Drilling Activities As Well As The Development Of Unconventional Hydrocarbon Resources
Challenges:
Safety Concerns Associated With Top Hammer Drilling Tools
Restraints:
Fluctuation In Raw Material Cost and High Cost Associated With Production Of Top Hammer Drilling Tools
Opportunities:
Government Investment In Up-gradation Of Oil & Gas Infrastructures Fuels Demand For Product
On 24 september 2021, Sandvik introduces Top Hammer XL, a fully optimized top hammer system for large hole size drilling in surface mining. Top Hammer XL is the latest innovation in surface top hammer drilling from Sandvik Mining and Rock Solutions. The new, groundbreaking drilling system, targeting large-scale quarry and surface mining customers, offers a faster, more fuel-efficient and more cost-effective way to drill holes 140 to 178 millimeters (5.5 to 7 inches) in diameter. and On 13 September 2021 Sandvik launches new rock tools, including Tundo RH650 DTH hammer, at MINExpo. launching several new rock tools at MINExpo, with its new Tundo RH650 DTH hammer one of the highlights. This DTH hammer can reduce fuel consumption by up to 15% while increasing penetration rates by up to 20%.
Key Target Audience
Top Hammer Drilling Tools Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.