Global Raise Boring Rig Market Growth 2024-2030

Global Raise Boring Rig Market Growth 2024-2030

Product Code:866716

Published Date: Jan 02,2024

Pages: 109

Region: Global

Category: Machinery & Equipment

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

SELECT A FORMAT

ADD TO BASKET

BUY NOW

Provide comprehensive and accurate analysis and reports according to your exact requirements

Provide comprehensive and accurate analysis and reports according to your exact requirements

CONTACT US

According to our LPI (LP Information) latest study, the global Raise Boring Rig market size was valued at US$ 190.8 million in 2023. With growing demand in downstream market, the Raise Boring Rig is forecast to a readjusted size of US$ 289 million by 2030 with a CAGR of 6.1% during review period. 
The research report highlights the growth potential of the global Raise Boring Rig market. Raise Boring Rig are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Raise Boring Rig. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Raise Boring Rig market.

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.

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.

Key Features:
The report on Raise Boring Rig market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Raise Boring Rig market. It may include historical data, market segmentation by Type (e.g., Raise-boring, Down-reaming), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Raise Boring Rig market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Raise Boring Rig market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Raise Boring Rig industry. This include advancements in Raise Boring Rig technology, Raise Boring Rig new entrants, Raise Boring Rig new investment, and other innovations that are shaping the future of Raise Boring Rig.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Raise Boring Rig market. It includes factors influencing customer ' purchasing decisions, preferences for Raise Boring Rig product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Raise Boring Rig market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Raise Boring Rig market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Raise Boring Rig market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Raise Boring Rig industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Raise Boring Rig market.

Market Segmentation:
Raise Boring Rig market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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?