Global Mining Drills & Breakers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Rotary drills, Crawler drills, Rock breakers, Hydraulic breakers, Others (Wagon drills and Pneumatic breakers).

By Application;

Metal mining, Mineral mining and Coal mining.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn712107421 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Mining Drills & Breakers Market (USD Million), 2021 - 2031

In the year 2024, the Global Mining Drills & Breakers Market was valued at USD 15,740.84 million. The size of this market is expected to increase to USD 22,520.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global mining drills and breakers market is experiencing robust growth driven by the increasing demand for minerals and metals across various industries, including construction, manufacturing, and infrastructure development. Mining drills and breakers play a vital role in the extraction of resources from the earth's crust, facilitating the drilling, blasting, and fragmentation of rock formations to access valuable deposits. With the growing urbanization and industrialization worldwide, there is a rising need for raw materials such as coal, iron ore, copper, and gold, driving the expansion of mining activities and fueling the demand for advanced drilling and breaking equipment.

One of the key drivers propelling the growth of the global mining drills and breakers market is the adoption of advanced technologies to enhance productivity, efficiency, and safety in mining operations. Manufacturers are developing innovative drilling and breaking equipment equipped with features such as automation, remote control, and real-time monitoring to optimize performance and minimize downtime. Automated drilling systems enable precise and consistent drilling operations, improving accuracy and reducing the risk of accidents. Similarly, advanced breakers equipped with telematics and IoT capabilities enable operators to monitor equipment performance, track maintenance schedules, and diagnose issues remotely, enhancing overall operational efficiency.

Moreover, the expansion of mining activities in emerging economies, coupled with investments in infrastructure development and industrialization, presents significant opportunities for the global mining drills and breakers market. Countries such as China, India, Brazil, and South Africa are experiencing rapid urbanization and industrial growth, driving the demand for minerals and metals to support construction, manufacturing, and energy production. As a result, mining companies are investing in new exploration projects and expanding existing operations, creating a favorable market environment for mining drills and breakers manufacturers to capitalize on the growing demand for advanced equipment in these regions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Mining Drills & Breakers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Minerals and Metals
        2. Adoption of Advanced Technologies
        3. Expansion of Mining Activities in Emerging Economies
      2. Restraints
        1. Environmental Regulations
        2. High Equipment Costs
        3. Safety Concerns
      3. Opportunities
        1. Infrastructure Development Projects
        2. Technological Innovations
        3. Growing Demand for Electric Mining Equipment
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Mining Drills & Breakers Market, By Product, 2021 - 2031 (USD Million)
      1. Rotary drills
      2. Crawler drills
      3. Rock breakers
      4. Hydraulic breakers
      5. Others (Wagon drills, Pneumatic breakers)
    2. Global Mining Drills & Breakers Market, By Application, 2021 - 2031 (USD Million)
      1. Metal mining
      2. Mineral mining
      3. Coal mining
    3. Global Mining Drills & Breakers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Caterpillar Inc.
      2. Sandvik AB
      3. Komatsu Ltd.
      4. Epiroc AB
      5. Atlas Copco AB
      6. Boart Longyear Ltd.
      7. Hitachi Construction Machinery Co., Ltd.
      8. Joy Global Inc. (now Komatsu Mining Corp.)
      9. Metso Outotec Corporation
      10. Liebherr Group
  7. Analyst Views
  8. Future Outlook of the Market