Global Raise Boring Rig Market Growth 2023-2029

Global Raise Boring Rig Market Growth 2023-2029

Product Code:461871

Published Date: Feb 08,2023

Pages: 105

Region: Global

Category: Machinery & Equipment

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A raise borer is a machine used in underground mining, to excavate a circular hole between two levels of a mine without the use of explosives. Raise boring provides a safe means of excavating a circular hole between two levels of a mine without the use of explosives. A raise boring machine is set on a platform on the upper level to drill a small hole, known as the pilot hole, through to the cavity below. Once the drill has broken through, the pilot bit is removed and is replaced by a reamer head, of the desired diameter of the shaft, which is rotated and raised back toward the raise boring machine. The drill cuttings from the reamer head fall to the bottom of the hole and the reaming process creates a cylindrical hole with smooth walls.

LPI (LP Information)' newest research report, the “Raise Boring Rig Industry Forecast” looks at past sales and reviews total world Raise Boring Rig sales in 2022, providing a comprehensive analysis by region and market sector of projected Raise Boring Rig sales for 2023 through 2029. With Raise Boring Rig sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Raise Boring Rig industry.

This Insight Report provides a comprehensive analysis of the global Raise Boring Rig landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Raise Boring Rig portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Raise Boring Rig market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Raise Boring Rig and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Raise Boring Rig.

The global Raise Boring Rig market size is projected to grow from US$ 190.8 million in 2022 to US$ 289 million in 2029; it is expected to grow at a CAGR of 289 from 2023 to 2029.

Global core raise boring rig manufacturers include Epiroc, Herrenknecht, TRB-Raise Borers etc.The top 5 companies hold a share about 70%.Asia-Pacific is the largest market, with a share about 37%, followed by Europe and North America with the share about 22% and 17%.In terms of product, acrylic binder is the largest segment, with a share over 65%. And in terms of application, the largest application is underground mining industry, followed by civil construction industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Raise Boring Rig market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Raise-boring
    Down-reaming
    Box-holing

Segmentation by application
    Underground Mining Industry
    Hydropower Project
    Civil Construction Industry
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Epiroc
    Herrenknecht
    TRB-Raise Borers
    Palmieri Group
    Terratec
    Stu Blattner
    Changzhou Liding Colliery Machinery
    Chuangyuan High-Tech Machinery
    Jining Zhuoli Industrial Equipment
    Yier Mechanical

Key Questions Addressed in this Report
What is the 10-year outlook for the global Raise Boring Rig market?
What factors are driving Raise Boring Rig market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Raise Boring Rig market opportunities vary by end market size?
How does Raise Boring Rig break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?