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With the Recovery of the Global Economy and the Development of Emerging Powers, the Market Prospect of Rock Drilling Jumbo is Broad

The rock drilling jumbo is mainly composed of a rock drill, a drill arm (support, positioning and propulsion mechanism), a frame, a travel system and other necessary accessories. It is a tool for directly mining stone, mainly used for drilling and blasting excavation operations and mine exploration. The product has the characteristics of self-propulsion and simultaneous operation of several drill machines. It drills holes in the rock so that explosives can be put in to blast the rock open to complete the mining of stone or other stone products. In addition, a drill can be used in conjunction with a rock crusher to break up hard rock formations, such as rock or concrete.

Rail/wheel and crawler are two types of drilling jumbo. Wheeled rock drilling jumbo are mainly used in tunnel and culvert projects in mining, metallurgy and other departments. The drilling jumbo adopts automatic shutdown and anti-lock braking, which is easy to operate, safe and reliable. More importantly, this kind of road-header is small in size, compact in structure, low in center of gravity and flexible in maneuverability. The wheeled drilling jumbo has a sturdy articulated carriage and four-wheel drive for easy operation in narrow tunnels and roadways, making it an ideal downhole machine for drilling engineering. The crawler drill jumbo is a robust and efficient crawler drill jumbo with high penetration and performance for hard rock drilling. Crawler drill jumbo are known to be compact, robust and versatile. They have been redesigned to handle projects large and small. In 2019, the market shares of the above two rock drilling jumbo were 76.95% and 23.05% respectively.

From the application point of view, rock drilling jumbo are often used in tunnels and underground engineering. A tunnel is an underground passage, cut through the surrounding soil/rock, usually closed at each end except the entrance and exit. Tunnels can be used for pedestrian or vehicular road traffic, rail traffic or canals. The central part of the rapid transit network is usually located in tunnels. Some tunnels are aqueducts or sewers that supply water for consumers or hydropower plants. Utility tunnels are used to lay steam, chilled water, power or communication cables, and to connect buildings to facilitate the passage of people and equipment. Underground works include tunnel works for roads, highways and railways and the laying of sewers, hot water, steam, electrical conduits, telephone lines. Rock drilling jumbo are mainly used for blasting drilling in tunnel projects such as mining, metallurgy, hydropower, railway and highway engineering. The rock drilling jumbo is an efficient rock drilling equipment specially designed for fast and accurate drilling of tunnels and caverns, which can provide complete solutions for rock drilling projects. The technology allows rapid routine construction in hard rock with high occupational safety for drillers. It can have a variety of applications in mining and underground engineering. In terms of market share in various fields in 2019, the tunnel market is the largest, accounting for 47.04%, and underground engineering accounts for 30.30%.

The Asia-Pacific Region Has the Largest Drilling Jumbo Market with the Fastest Growth Rate

The Asia-Pacific region is the main market for the rock drilling jumbo industry, with a market share of 40.64% in 2015, and a market share of 45.43% in 2020, an increase of 4.79%. In 2020, the market shares of rock drilling jumbo in North America, Europe, South America, the Middle East and Africa are 23.50%, 27.81%, 2.49% and 0.77% respectively.

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The market of the drilling jumbo industry is highly concentrated, with the first few companies accounting for 72.44% of the global market share. In 2020, the top three companies, Sandvik, Epiroc and FURUKAWA ROCK DRILL CO., LTD., account for 22.35%, 14.04% and 12.57% of the market, respectively.

With the rapid growth of emerging economies, most of the leading suppliers in the drilling jumbo market are expanding overseas. According to the analysis, Europe will lead the market with leading technology, but Asia Pacific (especially China) will bring opportunities for the industry with the highest growth rate.

Advanced Technology Will Be a Key Driver for the Drilling Jumbo Market

With the recovery of the global economy and the development of emerging powers, the market prospect of rock drilling jumbo is broad. Technological developments and government support are expected to positively impact the market growth. Advances in rock drilling jumbo technology in North America and Europe are expected to drive the more advanced rock drilling jumbo market in the coming years. Rising spending in the construction sector, continuous introduction of new products, increasing spending on mining and infrastructure, retrofitting and updating of older technologies in developing countries will lead to more and more use of drilling jumbo, which will propel the growth of the global market.

The global rock drilling jumbo market size was valued at USD 369.13 million in 2015, and its market size increased to USD 435.70 million in 2019. In 2020, the downstream market of the industry was affected by the epidemic, and the global demand for rock drilling jumbo decreased. Therefore, the industry size has experienced a substantial decline, and the market size in 2020 was USD 395.77 million. After the epidemic, the demand for rock drilling jumbo in the tunnel and underground engineering industry will increase, and the industry will see a steady growth trend. Therefore, we forecast the global rock drilling jumbo market size to reach USD 476.12 million by 2025.

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