USD 1.12 billion
Construction Industry Core Drill Market Size, Share, Growth Analysis, By Type(Wet drill bit and Dry drill bit), By Application(Electricians and Plumbers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20B2016 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
59
|Figures:
75
Construction Industry Core Drill Market Insights
Global Construction Industry Core Drill Market size was valued at USD 1.12 billion in 2022 and is poised to grow from USD 1.16 billion in 2023 to USD 1.60 billion by 2031, growing at a CAGR of 3.80% during the forecast period (2024-2031).
Increasing urbanization and construction across the globe are significant driving factors for the global construction industry core drill market growth. Urbanization and increasing demand for goods have increased the demand for new investments in infrastructure construction such as highways and underground construction. A core drill is a drill specifically designed to remove cylinders of material, such as holes. In developed countries, investments in infrastructure construction are increasing. The increasing demand for Tunnels and bridges, underground parking halls, underground municipal water treatment facilities, and oil storage that require special rock excavation and earth piling and underpinning increases the growth of the market. Construction and infrastructure investment increases the demand for minerals and rock materials. Excavation of foundations of buildings and excavation of road cuttings, piling, micro piling, and underpinning are drilling methods used in construction. Core drilling is a quick, and gentle method for drilling holes, and is generally noted as an essential service by most concrete-cutting specialists.
US Construction Industry Core Drill Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wet drill bits
Fastest Growth
Wet drill bits
Growth Rate
3.80% CAGR
Global construction core drill market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Construction Industry Core Drill Market Segmental Analysis
Global construction industry core drill market is segmented on the basis of Type, Application. On the basis of type global market is segmented into wet drill bits and dry drill bits. On the basis of application, the market is segmented into electricians and plumbers.
Analysis by Type
On the basis of type global construction industry core drill market is segmented into wet drill bits and dry drill bits. The wet drill bits segment market is expected to grow the highest CAGR during the forecast period. Wet drill bits have a long life than dry drill bits. Wet drill bits are more accurate, faster, safer, and have fewer vibrations. Dry drill bits can be used without water. Dry bits are more convenient but it is not powerful enough than wet drill bit.
Analysis by Application
On the basis of application, the global construction industry core drill market is segmented into electricians and plumbers. The plumber segment in global market is expected to grow at the highest CAGR during the forecast period. Increasing the use of drilling machines for carrying out plumbing activities is a key factor for the growth of the market. Core drilling is essential to put plumbing pipes, floor drains, and other drainage activities.
Global construction industry core drill market, 2022 (%)
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Construction Industry Core Drill Market Regional Insights
Global Construction Industry Core Drill Market is being analysed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, the UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analysed considering various micro and macro trends.
The Asia Pacific dominated global construction industry drill market in 2021. The huge production of core drilling equipment in china is the main reason behind the dominance of the core drilling market in this region. North America followed by Europe is also expected to have substantial growth during the forecast period.
Global construction industry core drill market, by geography 2022-2030
- Largest
- Fastest
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Construction Industry Core Drill Market Dynamics
Driver
Increasing urbanization and construction across the globe
- Increasing urbanization and construction across the globe are driving factors of growth of global construction industry core drill market. Core drills require low maintenance cost, can be easily handle. Drilling machines are highly portable, they can be moved from one place to another place. Rapid innovations and repair existing constructions increases the growth of global construction core drill market.
Restraint
High price of the core drill machines high price of the core drill machines
- The high price of core drill machines is major factor that hamper the growth of global construction core drill market. Some core drill machines have strong kickback. Core drill gives physical injury when the person is not well trained. This factor also hamper the growth of global construction core drill market.
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Construction Industry Core Drill Market Competitive Landscape
To understand the competitive landscape, we are analyzing key Construction Industry Core Drill Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Construction Industry Core Drill Market market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter’s five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analysed by various parameters governing those forces.
Global construction core drill market is highly competitive, owing to the presence of major local and international players. Government investment in this sector has created opportunities for small and medium players in the market. Global construction core drill market presents opportunities for growth during the forecast period, which is expected to further drive market competition.
Top Player's Company Profiles
- Hilti
- Husqvarna AB
- Tyrolit
- Robert Bosch Tool Corporation
- Atlas Copco
- Makita Corporation
- Pentruder AB
- Weka Elektrowerkzeuge
- Shinhan Diamond Industrial Co., Ltd.
- Cedima
- Diamond Products Limited
- CS Unitec
- Kor-it Inc.
- Cardi Corporation
- Dixie Diamond Manufacturing Inc.
- Golz
- Norton Clipper
- Multiquip Inc.
- Diamond Vantage
- Typhoon Diamond Tools Inc.
Construction Industry Core Drill Key Market Trends
- Major projects to drill exploratory wells for their mineral formations are providing huge growth opportunities to the core drilling market, such activities are expected to grow with increasing energy needs. For example: There are more than 65,000 oil and gas fields of all sizes in the world. Further, the construction market is expected to drive the core drilling market during the analysed period.
Construction Industry Core Drill Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global construction industry core drill market analysis, urbanization, increasing demand for goods and increasing construction across the world have increased the demand for growth of global construction industry core drill market. The wet drill bits segment market is expected to grow the highest CAGR during the forecast period. The Asia Pacific region dominated the market growth. North America followed by Europe is also expected to have substantial growth during the forecast period. Increasing urbanization and construction across the globe are driving factors of growth of global construction industry core drill market. Government investment in this sector has created opportunities for small and medium players in the market. Major projects to drill wells for their mineral formations are providing huge growth opportunities to the core drilling market, such activities are expected to grow with increasing energy needs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.12 billion |
| Market size value in 2031 | USD 1.60 billion |
| Growth Rate | 3.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Construction Industry Core Drill Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Construction Industry Core Drill Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Construction Industry Core Drill Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Industry Core Drill Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Industry Core Drill Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Industry Core Drill Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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