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The global air core drilling market stood at a value of around USD 1.22 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.40% to reach USD 1.96 billion by 2032.
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Based on application, the dust drilling segment occupies a significant share in the industry. Dust drilling is a cost-effective technique, providing an ideal environment for the use of air hammers. Dust drilling does not require any fluid system for clean-up and extends the drill bit life. Apart from being the least expensive type of air drilling, the process offers a maximum penetration rate. However, this technique cannot effectively handle wellbore fluid influxes, requiring the need to switch to mist or foam drilling in the presence of water.
The air core drilling industry in North America is driven by the expansion of various end use industries, including construction, oil and gas, and others. The rising demand for energy is leading to the growth of the oil and gas industry in the region, thereby propelling the market. Furthermore, the presence of advanced technologies and the thriving construction sector in the United States and Canada are anticipated to augment the market growth in the region over the forecast period.
Air core drilling is defined as the process of penetrating the earth for the purpose of extracting minerals and resources. Usually, hardened steel and tungsten blades are used in this technique. In favourable climate conditions, air core drilling can reach up to 300 metres inside the earth.
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Based on application, the market can be segmented into:
The major end uses of air core drilling include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising application of air core drilling in the construction sector is driving the market. Air core drilling is an important process in the construction industry for investigating and removing chemical and radioactive wastes from the surface and for making a surface barrier to stop the diffusion of contamination. Hence, the rising investments in residential and commercial construction projects in emerging economies are likely to propel the market in the forecast period. Moreover, the growing mining activities in various nations owing to the rising demand for fossil fuels and other resources to carry out industrial processes are anticipated to boost the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global air core drilling market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global air core drilling market attained a value of nearly USD 1.22 billion.
The market is estimated to grow at a CAGR of 5.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.96 billion by 2032.
The major drivers of the market include the rising applications of air core drilling in various end use industries, rising investments in the commercial construction projects, and the rapid industrialisation and urbanisation.
The shift from using heavy machinery to air core drilling for greater convenience is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Dust drilling, mist drilling, foam drilling, aerated fluid drilling, and nitrogen membrane drilling are the major applications of the product included in the market report.
Oil and gas, mining, and construction, among others are the different end uses of the product.
The major players in the industry are Bostech Drilling Australia Pty Ltd, Geodrill Limited, Schlumberger Limited, Halliburton Company, Brown Bros Drilling, and Master Drilling Group Ltd., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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