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Drilling machines are also referred as drill presses that are used for drilling of different sized holes in a variety of materials at various depths on the earth's surface. Crawling drilling machines are capable to travel through any terrain and perform critical operations, such as drilling soft as well as hard surface. Crawler drilling machines are used extensively in excavation of hydropower tunnel, railroad tunnels, etc. The types of crawler drilling machines include hydraulic crawler drills and pneumatic crawler drills. Owing to the rapid growth expected for construction and mining market throughout the forecast period, the demand for drilling machines is also expected to boost, globally.
Key Market Driver -
• Rising excavation and extraction of minerals globally • Surge in large-scale industrial automation
Key Market Restraint -
• Lack of skilled labor in the manufacturing sector
Quick advancement in manufacturing machineries, as well as government initiatives pertaining to machine tools industry, and is offering the growth opportunities to the crawler drilling machine market. Also, there are many trends in the market, which include implementation of a new process or method of drilling for oil extraction known as HDD (Horizontal Directional Drilling) for oil extraction, which can be done only by crawler drilling equipment. Furthermore, with the introduction of fully computerized machines, the drilling angle can be automatically controlled as well as the penetration depth and the penetration rate can also be observed or monitored by the controller.
The key player in the global crawler drilling machine market include Jupiter Rock Drills, Sandvik AB, Atlas Copco, Caterpillar, Acker Drill Company, Beretta Alfredo, Furukawa Rock Drill, IHC Fundex Equipment, SANY, Soilmec S.p.A., Vermeer Manufacturing and Xuzhou Construction Machinery.
Regionally, Asia Pacific is expected to hold the largest market share in the crawler drilling machine market owing to constant resource exploitation in the region. Additionally, the growing economies in the region have also boosted their construction and infrastructure projects, which is expected to create massive demand for drilling machines market. MEA and Latin America are also expected to experience growth, owing to the increasing exploitation of the enormous oil and gas industry in the region.
Europe is also expected to hold a prominent market share owing to continuously undergoing rapid construction projects, such as railways, hydropower, etc. in Norway, Switzerland and many other countries. Europe is followed by North America, which is also a leading region having tremendous growth owing to increase in oil & gas extraction activities as well as construction projects. Furthermore, an increase in augmented demand for fabricated metal products coupled with development of heavy equipment industry is expected to boost the market for crawler drilling machines market globally.
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